Qisheng Technology: Company and related personnel received a warning letter from the Zhejiang Securities Regulatory Bureau.

Announcement from Qisheng Technology: The company and relevant responsible persons have received a warning letter from the Zhejiang Securities Regulatory Bureau. Upon investigation, Shanghai Shufude Digital Technology Co., Ltd., which was established in 2023, should have been recognized as a related party of Qisheng Technology. The transaction amounts between Qisheng Technology and Shanghai Shufude in 2023 and 2024 were 35.3093 million yuan and 80.8092 million yuan, respectively, accounting for 1.08% and 2.63% of the audited net assets of that year. Qisheng Technology did not timely fulfill the approval procedures and information disclosure obligations for the above related transactions.