Jieqiang Equipment: Received a notice from the Tianjin Securities Regulatory Bureau, instructing the company to make corrections and issuing warning letters to relevant personnel.

Jieqiang Equipment Announcement: Recently received the decision issued by the Tianjin Securities Regulatory Bureau regarding the "Decision on Ordering Tianjin Jieqiang Power Equipment Co., Ltd. to Correct and issuing warning letters to Pan Feng, Xu Benyou, Pan Qijing, and Ji Ziqiang". Upon investigation, the company has internal control deficiencies in fund management and contract management, and has not established sound financial and accounting management systems. First, from September 2022 to March 2025, the company used employees' personal bank cards to collect and pay related funds. Second, the company signed untrue business contracts in 2022 and 2023 and had financial transactions (unconfirmed income, costs). Third, for some outsourced research and development contracts, the company did not comply with the contract terms and made advance payments.