Yinchuan Weili Transmission Technology (300904.SZ) received the administrative supervision measures decision letter from the Ningxia Securities Regulatory Bureau.

Yinchuan Weili Transmission Technology (300904.SZ) issued an announcement stating that on November 14, 2025, the company received a decision from the Ningxia Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Ningxia Regulatory Bureau") regarding the adoption of corrective administrative supervision measures for Yinchuan Weili Transmission Technology Co., Ltd. (2025 [11]) and a decision regarding the adoption of regulatory conversation administrative supervision measures for Li Abo, Li Xiang, and Bao Yixuan by the Ningxia Regulatory Bureau. The situation is as follows: Upon investigation, the company was found to have the following issues: incomplete disclosure of interim announcement information. The company disclosed on September 23, 2023, the announcement of "Regarding the Company Intending to Sign a with the Executive Committee of Yinchuan Economic Development Zone and External Investment", which did not disclose key terms of the agreement, leading to incomplete information disclosure and violating the provisions of Article 3 (1) of the Regulations on the Management of Information Disclosure by Listed Companies (CSRC Order No. 182). In addition, the company also had issues with non-standard internal controls and insufficient provision for bad debt reserves. The above situations reflect that your company has issues with standardized operations in information disclosure, internal control, financial accounting, and other aspects. In accordance with Article 52 of the Regulations on the Management of Information Disclosure by Listed Companies (CSRC Order No. 182) and Article 21 of the Rules for On-Site Inspections of Listed Companies (CSRC Announcement [2022] No. 21), the Ningxia Regulatory Bureau has decided to impose corrective administrative supervision measures on the company and record it in the securities and futures market integrity file. Upon investigation, the company was found to have issues with incomplete information disclosure, and the Ningxia Regulatory Bureau has already taken corrective administrative supervision measures against Yinchuan Weili Transmission Technology (Ningxia Regulatory Administrative Supervision Measure Decision [2025] No. 11). Former Chairman Li Abo, General Manager Li Xiang, and Board Secretary Bao Yixuan bear primary responsibility for the above-mentioned issues. In accordance with Article 4, Article 51 (2), and Article 52 of the Regulations on the Management of Information Disclosure by Listed Companies (CSRC Order No. 182), our bureau has decided to implement regulatory conversation administrative supervision measures against Li Abo, Li Xiang, and Bao Yixuan and record it in the securities and futures market integrity file.