ST Haiqin: Received the "Administrative Penalty Decision" issued by the Fujian Regulatory Bureau.

In a recent announcement by ST Haiqin, the company has received an "Administrative Penalty Decision" issued by the Fujian Regulatory Bureau of the China Securities Regulatory Commission. The company was penalized for significant omissions, false records, and other violations relating to disclosure of related party transactions and annual reports. As a result, the company's stock has been subject to additional risk warnings by the Shanghai Stock Exchange starting from March 2, 2026.