Shanghai Stock Exchange: Disciplinary action taken against Dongfang Group, its controlling person Zhang Hongwei, and relevant responsible persons.

On April 30th, the Shanghai Stock Exchange website announced the decision to impose disciplinary measures on Dongfang Group Co., Ltd. and its actual controller Zhang Hongwei and relevant responsible persons. Based on the facts ascertained in the China Securities Regulatory Commission's "Administrative Penalty Decision," Dongfang Group Co., Ltd. and its actual controller Zhang Hongwei, as well as the responsible persons involved, were found to have engaged in multiple violations in terms of information disclosure and standardized operation, as well as in the performance of their duties. The Shanghai Stock Exchange has made the following disciplinary decisions: Dongfang Group Co., Ltd. and its actual controller Zhang Hongwei, the then Chairman and CEO Sun Mingtao, the then Chief Financial Officer and Vice President Dang Rongyi, the then Board Secretary Kang Wenjie, the then Vice President and Director Dai Shengli, the then Director and Vice President Zhang Huiquan, the then Chairman of the Supervisory Board Lv Tingfu, and the then Supervisor Liu Yanmei are publicly criticized. It is publicly declared that Zhang Hongwei and Sun Mingtao are permanently unsuitable to serve as directors, supervisors, or senior management personnel of listed companies, and Dang Rongyi is unsuitable for such roles for 5 years.