Zhengfan Technology: Received a warning letter from the Shanghai Securities Regulatory Bureau due to improper operation of the general manager's meeting, etc.

On January 19, Zhengfan Technology announced that the company recently received a decision from the Shanghai Regulatory Bureau of the China Securities Regulatory Commission to issue a warning letter to Shanghai Zhengfan Technology Co., Ltd. After investigation, the company was found to have issues with the operation of general manager meetings and investment management. The Shanghai Securities Regulatory Bureau has decided to issue a warning letter to supervise and manage the company. The receipt of the "warning letter" will not affect the company's normal operational activities. The company will strictly follow the relevant regulations, strive to improve its management and governance practices.