Kaiser New Energy: Accumulated litigation and arbitration of 333 million yuan received a warning letter for untimely information disclosure.

Kaisheng New Energy announced that the company has received an administrative supervision measure decision from the Henan Regulatory Bureau of the China Securities Regulatory Commission. As of May 8, 2026, the accumulated amount of litigation and arbitration reached 333 million yuan within 12 consecutive months, accounting for 10.73% of the latest audited net assets. The company will conduct supplementary disclosure by June 29, 2026, which constitutes a delay in timely information disclosure. The Henan Securities Regulatory Bureau has decided to issue a warning letter to the company, its chairman Xie Jun, general manager Chen Peng, and board secretary Chen Hongzhao, and will record this in the integrity archive of the securities and futures market.