On May 14, Tefa Information published an information note on the “Other Risk Warnings Implemented” on its public account. The special message stated that it sincerely apologizes to investors for the impact of the proposed administrative penalty. At present, the company's production, operation, management and business activities are all normal. The company said that other risk warnings were implemented mainly because the acquired subsidiary Dongzhi Company planned financial fraud to complete performance promises, which led to false records in the company's 2015-2019 annual report. The company and relevant personnel will carefully learn lessons, improve the internal control system, raise the level of corporate governance, and strictly abide by the requirements of relevant laws and regulations. At the same time, the company will eliminate the impact of related matters on the company as soon as possible, strive to withdraw risk warnings as soon as possible, and safeguard the interests of the company and the majority of shareholders.