Gu Ao Technology: Former actual controller Chen Chongjun was sentenced to six years in prison and fined four million yuan for manipulating the securities market.

Guao Technology announced that the former controlling shareholder and actual controller of the company, Chen Chongjun, was sentenced to six years in prison for manipulating the securities market and fined four million RMB. Chen Chongjun no longer holds a specific position in the company, and the above judgment is a personal action of the shareholder, which will not have a significant adverse impact on the company's production and operation. Currently, the company's operations are normal. This judgment is a first instance judgment and has not yet taken effect. If Chen Chongjun appeals within the legal time limit, there is uncertainty about the final judgment and subsequent enforcement results.