Zhonghuan Corporation: The company and related parties have received the decision on administrative regulatory measures.

Zhonghuan Corporation announced that the company and related parties have received an administrative supervision measure decision from the Sichuan Regulatory Bureau of the China Securities Regulatory Commission. On December 29, 2025, the company used unused raised funds to purchase 10 million yuan in wealth management products without redeeming them on the authorized deadline set by the board of directors. On January 5, 2026, the company purchased 35 million yuan in wealth management products using raised funds without approval from the board of directors. At the same time, the company failed to timely disclose the progress of cash management. The above actions violated relevant regulations, and warning letters were issued as administrative supervision measures against the violations, which were also recorded in the honesty archives of securities and futures.