Gaole shares: The company and related personnel received the administrative supervision measure decision of the Guangdong Securities Regulatory Bureau.

Gaole Corporation announced on April 3 that it has received a decision from the Guangdong Securities Regulatory Bureau on the "Decision on Taking Corrective Measures Against Gaole Corporation and Issuing Warning Letters to Zhu Jianyong, Peng Hanqi, and Ma Shaobin." Upon investigation, the company was found to have governance issues, including convening a board meeting without the consent of all directors and less than 2 days notice, holding a meeting without the convener of the nomination committee and passing a resolution to appoint the company's board secretary, having less than 3 unrelated directors present at board meetings but still passing resolutions, arranging meetings with a non-board secretary before the official appointment of the new board secretary, and not disclosing independent director's opinions before board meetings. These issues have resulted in the company's disclosure of board meeting resolutions being inaccurate and misleading. Additionally, the company violated its integrity query obligations by failing to inquire about the integrity records of new directors and senior management personnel as required. Chairman Zhu Jianyong, General Manager Peng Hanqi, and former board secretary Ma Shaobin bear primary responsibility for the aforementioned violations. The Guangdong Securities Regulatory Bureau has decided to impose corrective administrative measures on the company and issue warning letters to Zhu Jianyong, Peng Hanqi, and Ma Shaobin.