ST Tian Sheng: The company and related personnel were punished by the Chongqing Securities Regulatory Bureau for illegal disclosure of information.

ST Tian Sheng announced that the company and related personnel have received the "Administrative Penalty Decision" from the Chongqing Securities Regulatory Bureau. It was found that the company overstated its profits in its annual reports for 2017-2018, did not timely disclose related-party transactions in 2017, and did not disclose related-party transactions in its annual reports for 2017-2018. The Chongqing Securities Regulatory Bureau has decided to order the company to correct its actions, issue a warning, and impose a fine of 600,000 yuan; issue warnings and fines to related personnel such as Liu Qun, with Liu Qun being fined 900,000 yuan and banned from the securities market for life, Li Hong being banned for 8 years, and Wang Yonghong being banned for 5 years. The company does not involve major violations that would trigger mandatory delisting. Its stock has been subject to additional risk warnings since September 15th, but its production and operations are currently normal.