Ruimaotong: Received a warning letter from the Shandong Securities Regulatory Bureau.

Announcement from Ruimaotong: The company recently received a decision from the Shandong Regulatory Bureau of the China Securities Regulatory Commission to issue a warning letter to Ruimaotong Supply Chain Management Co., Ltd. and related responsible persons. As of November 22, 2025, Ruimaotong Supply Chain Management Co., Ltd. failed to repay the total amount of due debts reaching the disclosure standard, but the company did not disclose this in a timely manner, only disclosing the debt overdue situation on December 5. The company's actions violated Article 23 of the "Measures for the Administration of Information Disclosure of Listed Companies". According to Article 53 of the "Disclosure Measures", our bureau has decided to take administrative regulatory measures to issue a warning letter to you and record it in the Securities and Futures Market Integrity File Database.