ST Zhentong announced that the company and related responsible persons received the "Administrative Penalty Advance Notice" issued by the Shenzhen Securities Regulatory Commission of China Securities Regulatory Commission. The notice pointed out that the company is suspected of illegal information disclosure and violation of laws and regulations, fictitious business, and falsely inflated the operating income and profits of Guangzhou Yunshuo in 2017 and 2019. This resulted in false records in the annual reports of the company for 2017 and 2019. In addition, there were false records in the non-public issuance documents of the company in 2021. According to the notice, the company and related responsible persons face administrative penalties such as fines. The company stated that it has made corrections to the accounting errors in the previous period, and the production and operation situation is normal. However, based on the situation identified in the notice, the company may touch on the relevant provisions of the Shenzhen Stock Exchange's listing rules, and the stocks will be subject to additional implementation of other risk warnings.