Panda Jin Kong: Received the "Administrative Penalty Decision" from the Hunan Regulatory Bureau of the China Securities Regulatory Commission, and has been fined 7 million yuan.

Panda Gold Control announced that the company has received the "Administrative Penalty Decision" from the Hunan Regulatory Bureau of the China Securities Regulatory Commission. Upon investigation, it was found that the debt transfer between *ST Panda and Kunpeng Asset constituted a false transaction. *ST Panda provided funds for the debt transfer and subsequently concealed the false transaction through fund lending, with the aforementioned debt held by Guojun Industrial Holdings Co., Ltd. In accordance with relevant regulations, the Hunan Securities Regulatory Bureau has decided: 1. To order Panda Gold Control Co., Ltd. to rectify, issue a warning, and impose a fine of 7 million yuan; 2. To issue a warning to Xu Jinhua and impose a fine of 4 million yuan; 3. To issue a warning to Li Min and impose a fine of 2 million yuan; 4. To issue a warning to Luo Chunyan and impose a fine of 1.5 million yuan; 5. To issue a warning to Yang Hengwei and Huang Yuhan and impose a fine of 1 million yuan each. Given the severity of the relevant violations committed by Xu Jinhua and Li Min, and in accordance with relevant regulations, the Hunan Securities Regulatory Bureau has decided: to impose a 5-year ban from the securities market on Xu Jinhua and a 3-year ban on Li Min. From the date of the announcement of the decision by the Hunan Securities Regulatory Bureau, during the ban period, the aforementioned individuals are prohibited from continuing to engage in securities business, securities services, or hold positions as directors, supervisors, or senior managers of the original securities issuer at their original institutions, and they are also prohibited from engaging in securities business, securities services, or serving as directors, supervisors, or senior managers of other securities issuers in any other institutions.