Kunc Technologies: Received a corrective order and warning letter from the Fujian Securities Regulatory Bureau.

Kuncai Technology announced that the company and relevant persons recently received a "Decision" issued by the Fujian Securities Regulatory Bureau. In 2024, the company delayed the transfer and solidification of some building structures, underreported depreciation, and did not accurately provision for the price drop of inventory in the Pearl Light business segment, resulting in inaccurate financial data disclosure in the annual report. The company violated relevant provisions of the "Disclosure Rules," and Chairman and General Manager Xie Bingkun and former Chief Financial Officer Fang Fei failed to fulfill their duties diligently and bear the main responsibility. The Fujian Securities Regulatory Bureau ordered the company to make corrections, issued a warning letter to Xie Bingkun and Fang Fei, and recorded it in their integrity files. The company will submit a rectification report within 30 days, stating that this will not affect normal operations.