ST New Power: the company and related personnel have received the administrative supervision and control measures decision from Hebei Securities Regulatory Bureau.

ST New Power issued an announcement on January 19. The company recently received a decision from the Hebei Regulatory Bureau of the China Securities Regulatory Commission regarding the administrative measures of ordering rectification and issuing warning letters to responsible persons for Xiong'an New Power Technology Co., Ltd. In the decision, it is pointed out that in the "Announcement of the Fourth Extraordinary Shareholders' Meeting Resolution in 2025" disclosed by Xiong'an New Power Technology Co., Ltd. on December 31, 2025, there were multiple contradictions in the description of the voting results of the shareholders' meeting agenda. The company's actions violate relevant regulations. Cheng Fangfang, as the Chairman of New Power, and Ma Hui, as the Secretary of the New Power Board of Directors, have violated relevant regulations and should bear primary responsibility for the company's aforementioned illegal actions. Our bureau has decided to take administrative supervision measures of ordering rectification against New Power, and to issue warning letters to Cheng Fangfang and Ma Hui as administrative supervision measures. These administrative supervision measures will be recorded in the integrity file of the securities and futures market.