The Shanghai Stock Exchange has issued a notice of criticism to Jinhua Corporation Limited and relevant personnel.

Shanghai Stock Exchange announcement: After investigation, it was found that Jin Hua Enterprise Co., Ltd. had violations in its standardized operations and information disclosure. The responsible persons including the former Chairman Xing Yajiang, former General Manager Han Zhuojun, former Board Secretary Zhang Chaoyang, and former CFO Zhang Shoufeng were criticized by the Shanghai Stock Exchange.