Yangmei Chemical announced that the company received an “Advance Notice of Administrative Penalties” from the Shanxi Regulatory Bureau of the China Securities Regulatory Commission due to suspicion of not disclosing non-operating financial transactions in accordance with regulations. Yangmei Chemical was ordered to make corrections, given a warning, and fined 1.5 million yuan. Zhu Zhuangrui, Ma Junxiang, Cheng Jihong, and Gao Fengjie were warned and fined respectively as directly responsible supervisors or directly responsible persons. Huayang Group was fined 4 million yuan, Gao Yanqing was fined 2 million yuan, and Fan Zongli was fined 900,000 yuan. This matter is an act of capital appropriation by the original controlling shareholder in 2021. It has been fully refunded and will not affect the company's current normal production and operation activities.

Yangmei Chemical announced that the company received an “Advance Notice of Administrative Penalties” from the Shanxi Regulatory Bureau of the China Securities Regulatory Commission due to suspicion of not disclosing non-operating financial transactions in accordance with regulations. Yangmei Chemical was ordered to make corrections, given a warning, and fined 1.5 million yuan. Zhu Zhuangrui, Ma Junxiang, Cheng Jihong, and Gao Fengjie were warned and fined respectively as directly responsible supervisors or directly responsible persons. Huayang Group was fined 4 million yuan, Gao Yanqing was fined 2 million yuan, and Fan Zongli was fined 900,000 yuan. This matter is an act of capital appropriation by the original controlling shareholder in 2021. It has been fully refunded and will not affect the company's current normal production and operation activities.