Shanghai Stock Exchange: Issued a regulatory warning to Weviv Group and relevant responsible persons.

On April 3, the Shanghai Stock Exchange issued a decision to give a regulatory warning to We2 Food and Beverage Co., Ltd. and relevant responsible persons: The company's methods of recognizing revenue from certain grain and oil trading business using total amount method and net amount method from 2022 to 2024 were inappropriate, not in accordance with Article 34 of "Enterprise Accounting Standards No. 14 - Revenue", resulting in inaccurate disclosure of operating income and operating costs in the first quarter, half year, and third quarter reports of 2022, 2023, and 2024; the former chairman Ren Dong, general manager Zhao Huiqing, and CFO Zhao Changlei failed to diligently fulfill their duties and bear primary responsibility for the above-mentioned violations. The Shanghai Stock Exchange has decided to give a regulatory warning to We2 Food and Beverage Co., Ltd. and the former chairman Ren Dong, general manager Zhao Huiqing, and CFO Zhao Changlei.