Shanghai Yardney: Received the administrative supervision measure decision of the Shanghai Securities Regulatory Bureau

Shanghai Yashi Announcement: The company has received the decision of the Shanghai Securities Regulatory Bureau on the "Decision on Taking Corrective Measures against Shanghai Yashi Investment and Development Co., Ltd. and Issuing Warning Letters to Zhang Qing, Wu Hongyan, and Jin Changfen". After investigation, from 2024 to 2025, the company recognized income for some supply chain trade business using the total amount method, which does not comply with relevant regulations, leading to inaccurate disclosure of information in the company's 2024 annual report and 2025 semi-annual report. The Shanghai Securities Regulatory Bureau has decided to take administrative regulatory measures to require the company to make corrections and issue warning letters to the former general manager Zhang Qing, the former chief accountant Wu Hongyan, and the board secretary Jin Changfen.