Business Intelligence of Oriental Nations Corporation (300166.SZ): the company and related personnel have received regulatory letters from the Shenzhen Stock Exchange and a warning letter from the Beijing Securities Regulatory Bureau.

Announcement of Business-intelligence Of Oriental Nations Corporation (300166.SZ): The company recently received a decision from the Beijing Regulatory Bureau of the China Securities Regulatory Commission ("Beijing Securities Regulatory Bureau") to issue a warning letter and regulatory letter to Beijing Business-intelligence Of Oriental Nations Corporation, Xiaobao Yu, and Liu Yanfei. On August 5, 2021, the company's extraordinary general meeting of shareholders approved a resolution on the use of idle raised funds and self-owned funds for cash management, allowing the company to use up to RMB 550 million of idle raised funds for cash management within 24 months from the date of approval, while ensuring the safety of raised funds projects. The resolution was announced on August 5, 2021. However, it was found that as of February 23, 2024, the company had exceeded the authorized period for cash management of idle raised funds. It is reported that the company's actions violated relevant regulations; Xiaobao Yu, as the then CFO, and Liu Yanfei, as the then board secretary, failed to diligently supervise the company in using raised funds and fulfilling disclosure obligations in a timely manner, thus violating relevant regulations. The Beijing Securities Regulatory Bureau has decided to issue a warning letter to the company and the individuals mentioned above as an administrative regulatory measure.