Changfang Group: The company's stock will be subject to other risk warnings starting from January 13, 2025.

The announcement of Changfang Group states that on January 10, 2025, the company received a "Pre-Warning Notice of Administrative Penalty" from the Shenzhen Securities Regulatory Bureau, stating that its holding subsidiary Kangmingsheng inflated profits and accounts receivable through sales rebates that were not accounted for, leading to false records in the company's annual reports for 2020 and 2021. According to regulations, the trading of the company's stock will be subject to other risk warnings starting from January 13, 2025. On June 27, 2025, the company received the "Administrative Penalty Decision", with this violation not reaching the threshold for mandatory delisting. The company has rectified the accounting errors, standardized its operations, and will enhance control over its subsidiaries in the future. As of the disclosure date of this announcement, the company's production and operations are normal.