Guilin Tourism: Received a warning letter from the Guangxi Regulatory Bureau.

On May 16th, Guilin Tourism announced that on May 16, 2025, the company received a warning letter from the Guangxi Securities Regulatory Bureau. This was due to the company's correction of accounting errors for the excessive loss of subsidiary debts and rental assets disclosed in the announcement on April 12, 2025, and the retrospective adjustments of related items in the financial statements for the year 2022, 2023, the first quarter of 2024, the first half of 2024, and the third quarter of 2024, which violated the regulations of the "Regulations on the Management of Information Disclosure of Listed Companies". The then Chairman Shen Guangming, current CEO Wen Zheng, and current CFO Wang Xiaolong failed to fulfill their duties of diligence and responsibility, and bear primary responsibility for the above violations. The Guangxi Securities Regulatory Bureau decided to take administrative supervision measures to issue a warning letter to Guilin Tourism, Shen Guangming, Wang Xiaolong, and Wen Zheng.