Rong Bai Technology: Fined 9.5 million yuan for misleading statements in major contract announcements.

Rongbai Technology announced that the company was investigated by the China Securities Regulatory Commission on January 18, 2026 for misleading statements related to a major contract. On April 10th, the company received an "Administrative Penalty Decision" from the Ningbo Regulatory Bureau. The company, Chairman Bai Houshan, and Secretary of the Board Yu Jiyun were fined 4.5 million yuan, 3 million yuan, and 2 million yuan respectively for failing to ensure the truth, accuracy, and completeness of information disclosure. This violation did not lead to other risk warnings or mandatory delisting for major violations. The company's production and operation are normal.