Shenzhen Stock Exchange issues regulatory letter to KeHeng Technology Co., Ltd.

The Shenzhen Stock Exchange issued a regulatory letter to KeHeng Group. According to the decision of the Guangdong Regulatory Bureau of the China Securities Regulatory Commission on issuing a warning letter to Jiangmen KeHeng Industrial Co., Ltd., Wang Guojiang, and Xu Yuxiang, the company was found to have the following violations: failure to timely review and disclose related party transactions, and failure to timely disclose bank account freezes. The above actions of the company violated relevant regulations. Wang Guojiang, the former Chairman, CEO, and director of the company, and Xu Yuxiang, the former Chief Financial Officer and Secretary of the Board of Directors, failed to fulfill their duties and obligations with integrity and diligence, and are suspected of violating relevant regulations, bearing significant responsibility for the company's violations.