Lanshi Heavy Industries: Received a pre-notification letter of administrative penalty from the Gansu Securities Regulatory Bureau.

Lanstone Heavy Industries announced on April 22nd that the company, major shareholder, and related parties received a "Notice of Administrative Penalty Advance Notification" from the Gansu Securities Regulatory Bureau today. The case of illegal disclosure of information involving the company and Lanstone Group has been investigated by the Gansu Securities Regulatory Bureau. The Gansu Securities Regulatory Bureau intends to decide to give a warning to Lanzhou Lanstone Heavy Equipment Co., Ltd. and impose a fine of 3 million yuan; give a warning to Zhang Pulin and impose a fine of 1.4 million yuan; give a warning to Guo Fuyong and impose a fine of 1.1 million yuan; give a warning to Wei Tongyan and impose a fine of 800,000 yuan; give a warning to Wu Ruirui and impose a fine of 800,000 yuan; impose a fine of 4 million yuan on Lanzhou Lanstone Group Co., Ltd.; impose a fine of 1.5 million yuan on Juan Ying; impose a fine of 1.4 million yuan on Wang Bin; impose a fine of 1.1 million yuan on Zhang Jian.