Juli Rigging: Receipt of the Hebei Securities Regulatory Bureau's advance notice of administrative penalty.

Juli Rigging Equipment announced that the company has received a "Notice of Administrative Penalty Advance Notification" issued by the Hebei Regulatory Bureau of the China Securities Regulatory Commission. The company is suspected of illegal practices in misleading information disclosure. The Hebei Securities Regulatory Bureau intends to order the company to make corrections, issue a warning, and impose a fine of 4.5 million yuan; issue a warning and impose a fine of 3 million yuan on the former Secretary of the Board of Directors, Zhang Yun; and issue a warning and impose a fine of 2 million yuan on the former General Manager, Yang Chao.