Wolong Electric Group announced that the company recently received an administrative supervision measure decision issued by the Zhejiang Securities Regulatory Bureau. Due to the company's failure to fulfill the performance commitments of the restructuring agreement, it needs to compensate Hongxiang shares for performance with 0.186 billion yuan and did not announce it in a timely manner. Chairman Pang Xinyuan, CEO Li Ming, and Secretary of the Board of Directors Dai Qun were each issued warning letters for disclosure violations and recorded in the integrity file of the securities and futures market. The company has stated that it will strictly rectify, improve the quality of information disclosure, and ensure that the content is true, accurate, and complete. This regulatory measure will not affect the company's normal operational management activities.