Santos cableway: the company and relevant responsible persons are expected to be penalized.

San Te cable announcement, on March 27, 2026, the company and the former actual controllers Ai Luming, Lu Sheng, Zhang Quan, and other relevant responsible parties received a "Notice of Administrative Penalty Advance Notification" from the Hubei Securities Regulatory Bureau. From 2019 to 2022, the company did not timely disclose the non-operational fund occupation of related parties, and there were significant omissions in the annual reports of 2019 and 2020. The Hubei Securities Regulatory Bureau intends to impose a fine of 10.5 million yuan on the company, and fines of 3 million, 4.5 million, 2.5 million, and 2.6 million yuan on Lu Sheng, Zhang Quan, Wang Li, and Zhang Yunyun respectively, and a fine of 11 million yuan on Ai Luming and adopt lifetime securities market entry measures. The company has not touched on the risk warning situation of mandatory delisting, and will disclose information according to progress.