RuYi Group: Received an administrative penalty decision due to violations of information disclosure.

Ruyi Group announced that on May 22, 2026, the company and related parties received an "Administrative Penalty Decision" issued by the Shandong Regulatory Bureau of the China Securities Regulatory Commission. The company's 2022 annual report and 2024 semi-annual report contained false records, with profits inflated by 677 million yuan and 104 million yuan respectively. The company was warned and fined 7 million yuan; the relevant responsible persons were also warned and fined, and the then-chairman, Qiu Yafu, was subjected to a lifetime ban from the securities market. The company's stock has been subject to other risk warnings since May 6, 2026, and will apply for cancellation after 12 months.