ST Jintai: The company and related personnel were subject to administrative penalties for failing to disclose annual reports on time.

ST JinTai announced that the company received the "Administrative Penalty Decision" issued by the Shanghai Regulatory Bureau of the China Securities Regulatory Commission on November 7, 2025. It was found that on April 23, 2025, then Chairman Luo Dian, Director Wu Chunchao, and Chief Financial Officer Sui Jingyuan decided not to accept the audit report and anticipated that they would not be able to disclose the 2024 annual report within the legal deadline after discussion. The company therefore violated relevant provisions of the Securities Law. The Shanghai Regulatory Bureau decided to warn the company and impose a fine of 2 million yuan; to warn Luo Dian, Wu Chunchao, and Sui Jingyuan, and impose fines of 1 million yuan, 800,000 yuan, and 800,000 yuan respectively. The company did not meet the criteria for mandatory delisting due to major violations and its production and operations are currently normal.