Fei Lingger: Receipt of the administrative supervision measures decision letter from the Shanghai Securities Regulatory Bureau.

Filinger announcement, the company and related personnel have received the decision on administrative supervision measures from the Shanghai Securities Regulatory Bureau. After investigation, the company was found to have issues such as inaccurate recognition of engineering project revenue, inaccurate classification of some financial assets, and non-compliance with the review procedures for director and executive compensation, resulting in false records in the annual report. The Shanghai Securities Regulatory Bureau has decided to order the company to make corrections and issue warning letters to the relevant responsible persons.