Announcement from Beijing Kingee Culture Development: the company received the "Administrative Punishment Decision" issued by the Beijing Regulatory Bureau of China Securities Regulatory Commission, stating that the inventory depreciation in both 2020 and 2021 was insufficient, resulting in an overstatement of inventory by RMB 610 million in 2020, accounting for 5.92% of the total assets at the end of the period, and an overstatement of profits by RMB 610 million, accounting for 21.21% of the total profits in the period; overstatement of inventory by RMB 637 million in 2021, accounting for 7.03% of the total assets at the end of the period, and overstatement of profits by RMB 28 million, accounting for 1.89% of the total profits in the period. The Beijing Regulatory Bureau of China Securities Regulatory Commission has decided to give a warning to the company and impose a penalty of 1.5 million yuan. Also, the company's stock will be suspended for one day starting from June 11, and will resume trading on June 12. Starting from the market on June 12, 2024, the company's stocks will have their trading risk warning removed but will continue to be subject to other risk warnings. The stock abbreviation will be changed from "*ST金一" to "Special Treat Jin Yi".