Yongbai Technology: The company and related responsible persons were publicly condemned by the Shanghai Stock Exchange.

Rongbai Technology announced that the information disclosed in the "Lithium Iron Phosphate Cathode Material Procurement Cooperation Agreement" signed with CATL was not true, and the company and relevant personnel were publicly condemned by the Shanghai Stock Exchange. According to the facts revealed, the information disclosed in Rongbai Technology's announcement did not truthfully, accurately, and completely reflect the actual terms of the cooperation agreement. The then Chairman and General Manager Bai Houshan, and the then Board Secretary Yu Jiyun were publicly condemned for not fulfilling their duties diligently and failing to ensure that the information disclosure was true, accurate, and complete.