ST Gao Hong: Received the "Notice of Administrative Penalty of the China Securities Regulatory Commission"

*ST Gaohong Announcement: Due to suspected violations of laws and regulations regarding information disclosure, the company has received a "Notice of Administrative Penalty Prior to Punishment" issued by the China Securities Regulatory Commission. Based on the facts identified in the "Notice", the company's non-public offering of shares in 2020 constitutes fraudulent issuance, and the annual reports from 2015 to 2023 contain false information. This may trigger the mandatory delisting conditions stipulated in Article 9.5.1 and Article 9.5.2 of the Shenzhen Stock Exchange Listing Rules, which could lead to a major violation and mandatory delisting. The company will fully cooperate with the relevant work of the China Securities Regulatory Commission, and the final outcome will be based on the formal penalty decision issued by the China Securities Regulatory Commission.