Ways Electron (605218.SH) and its current company secretary, Chen Xingcai, have received a warning letter from the Jiangsu Securities Regulatory Bureau in a timely manner.

Ways Electron (605218.SH) announced that the company received a decision from the Jiangsu Securities Regulatory Bureau on November 19, 2024, issuing a warning letter to Ways Electron Limited and related responsible persons ([2024] No. 221, hereinafter referred to as the "Warning Letter"). After investigation, the company was found to have the following issues: 1. Incomplete information and insufficient risk warnings in the information released on the Shanghai e Interaction platform; 2. Inaccurate disclosure of information related to the temporary replenishment of idle raised funds for working capital. The then Secretary to the Board, Chen Xingcai, is mainly responsible for the above situation. In accordance with Article 52 of the "Regulations on the Disclosure of Information by Listed Companies", the Jiangsu Securities Regulatory Bureau has decided to issue a warning letter to the company and Chen Xingcai as a regulatory measure, and will record it in the integrity file of the securities and futures market.