Yatong Co., Ltd.: Received corrective measures from the Shanghai Securities Regulatory Bureau for accounting standards issues.

Yatong Group announcement, the company's revenue in the 2023 annual report was confirmed to be inaccurate, violating the "Information Disclosure Management Measures for Listed Companies". The company did not transfer the control of the pile during the reporting period, resulting in revenue recognition not in accordance with accounting standards, leading to inaccurate income disclosure in the annual report. In addition, the company inaccurately allocated the labor costs of additional services related to pile sales, leading to inaccurate total profits. The company also failed to consolidate customers controlled by the same controller as one customer, not in compliance with disclosure guidelines. The Shanghai Securities Regulatory Bureau has taken corrective measures against the company and issued a warning letter to relevant personnel. The company will actively rectify the situation and submit a written rectification report.