Quanyang Spring: Received a warning letter from the Jilin Securities Regulatory Bureau.

Quanyangquan announcement: The company recently received a decision from the Jilin Securities Regulatory Bureau on issuing a warning letter to Jilin Quanyangquan Co., Ltd. and related responsible parties. Upon investigation, as of January 8, 2024, the company has been involved in litigation and arbitration cases totaling 180 million yuan in the past 12 months, accounting for 10.93% of the recent audited net assets attributable to the parent company. The company failed to fulfill its disclosure obligations in a timely manner. Former Chairman Jiang Changlong, General Manager Wang Jinhui, and Board Secretary Jin Ming bear the main responsibility for the above violations. The Jilin Securities Regulatory Bureau has decided to issue a warning letter to the company and related personnel as a regulatory measure, and to record it in the integrity file of the securities and futures market.