Yongjin Co., Ltd.: Current chairman traded stocks in violation of the window period and received a warning letter.

Ningjin Corporation announced that the former chairman, Yu Jiqun, purchased 289,800 shares of the company's stock through someone else's securities account within the 30 days before the announcement of the 2019 annual report, with a transaction amount of 6.162 million yuan, constituting insider trading during the window period. The Zhejiang Securities Regulatory Bureau has decided to implement supervisory measures by issuing a warning letter to him and recording it in the integrity file of the securities and futures market. Yu Jiqun will strengthen his understanding of regulations to prevent similar incidents from happening again, and apologizes for this matter. This incident is not related to the daily operation of the company and will not have any impact on the company.