Jinsheng New Materials: Company and related personnel received a warning letter from the Zhejiang Securities Regulatory Bureau.

Jinsheng New Materials announced on September 12 that the company recently received a decision from the Zhejiang Securities Regulatory Bureau regarding issuing a warning letter to Jinsheng New Materials Co., Ltd., Ruan Rongtao, Ruan Qijiang, Liu Zhenyi, Huang Fen, and Duan Liubin for various violations. After investigation, the company was found to have issues such as not strictly using raised funds according to the investment projects listed in the prospectus, mixing control of enterprises controlled by the actual controller, not timely conducting related party transaction review procedures, not timely disclosing related party transactions, and not truthfully accurately and completely disclosing in regular reports. Ruan Rongtao, Chairman of the Board of Directors, Ruan Qijiang, General Manager, Liu Zhenyi, Board Secretary, Huang Fen, and Duan Liubin, the former Board Secretary and CFO, are responsible for the corresponding violations. The Zhejiang Securities Regulatory Bureau has decided to take supervisory measures by issuing warning letters to the company and the responsible individuals, and record them in the integrity file of the securities and futures market.