ST Quanwei: Due to the failure to comply with the commitment to increase holdings of the company's shares, the controlling shareholder and actual controller were ordered by the Securities Regulatory Commission to make corrections.

ST Quanwei announced that the company's controlling shareholder, Quanwei New Energy, and the actual controller, Chu Yifan, received an administrative regulatory measure decision issued by the Guangdong Securities Regulatory Bureau. As the company's controlling shareholder, Quanwei New Energy issued a stockholding announcement on February 5, 2024, promising to increase its shareholding by 2.4 to 4.8 million shares within six months, but only increased by 100,000 shares and did not fulfill the promise. Chu Yifan, as the controlling shareholder and executive director and general manager of Quanwei New Energy, bears the main responsibility for the above-mentioned illegal actions. The Guangdong Securities Regulatory Bureau has decided to take regulatory measures to order Quanwei New Energy and Chu Yifan to correct their actions.