The Shanghai Stock Exchange issued a regulatory warning to the relevant persons of DaoTong Technology.

On December 5th, the Shanghai Stock Exchange issued a decision to issue a regulatory warning to the relevant persons of Shenzhen Dao Tong Technology Co., Ltd., stating that the company had failed to disclose the relationship between Li Hong and Xuan Yuan Ke Xin 46th Private Equity Fund, who are among the top ten shareholders, as well as issues related to the lack of documentation of the deliberation process and key points of speech in the shareholders meeting. In response to the above violations, the Shanghai Stock Exchange has imposed disciplinary sanctions on the company and some relevant individuals. Regarding other responsible persons, Fang Wenbin, the former secretary of the board of directors of the company, failed to diligently perform his duties as the specific person in charge of information disclosure affairs, and therefore bears responsibility for the company's violations. The Shanghai Stock Exchange decided to issue a regulatory warning to Fang Wenbin, the former secretary of the board of directors of Shenzhen Dao Tong Technology Co., Ltd.