Huayang New Materials: Huayang Group fined four million yuan.

Huayang New Materials announced that the related party, Huayang Group, received the "Administrative Penalty Decision" issued by the Shanxi Regulatory Bureau of the China Securities Regulatory Commission. The Decision pointed out that from April to June 2021, without the consent of Yangmei Chemical Group, Huayang Group transferred 1.126 billion yuan from Yangmei Chemical Group's account to Huayang Group's account through direct transfer, constituting non-operating fund occupation by the controlling shareholder. Yangmei Chemical Group did not disclose the above-mentioned non-operating fund occupation in its 2021 interim report and 2021 annual report as required, which was a significant omission. Huayang Group was fined four million yuan for this illegal act.