Hangjin Technology (000818.SZ) and related responsible persons have received the administrative regulatory measures decision document.

Hangjin Technology (000818.SZ) announced that the company recently received a decision from the Liaoning Regulatory Bureau of the China Securities Regulatory Commission ("Liaoning Securities Regulatory Bureau") on the "Decision on Taking Corrective Measures against Hangjin Technology Co., Ltd. and Issuing Warning Letters to Cai Weidong, Ding Guibao, and Mu Jihong". It was found that the company's computing power equipment and chip sales business had inaccurate accounting, leading to untrue and inaccurate information disclosure by the company. At the same time, the company's internal control system was not implemented effectively, resulting in a lack of effective control over some subsidiaries for a long period of time. The above actions violated relevant regulations. Chairman Cai Weidong, General Manager Ding Guibao, and CFO Mu Jihong are mainly responsible for the above violations. The Liaoning Securities Regulatory Bureau decided to take administrative regulatory measures to order the company to correct its behavior and issue warning letters to Cai Weidong, Ding Guibao, and Mu Jihong.