Hongquan Technology: Current Chairman and General Manager He Junqiang and others were given regulatory warnings for violations.

Hongquan Technical Announcement: The current chairman and general manager He Junqiang, the then board secretary Lv Huihua, the then board secretary Zhang Xujian, and the then chief financial officer Liu Jiangzhen of the company were given regulatory warnings for violations of the rules of the Shanghai Stock Exchange's Science and Technology Innovation Board Listing Rules, including failure to disclose non-operating fund transactions according to regulations, improper cash management approval procedures for fundraising, failure to convene audit committee meetings as required, and ineffective control of subsidiary companies.