Danhua Chemical Technology announced that the company, Li Guofang, Sun Zhaohui, Cheng Guojun, Jiang Yongfei, Ding Weidong, Zhou Jinsong, Yang Jun, Tan Xiang, and Hu Haofang received a "Warning Letter" issued by the Jiangsu Securities Regulatory Bureau. Upon investigation, since August 2022, Danhua Chemical Technology's former controlling shareholder Danhua Group provided a total of 17 loans amounting to 0.3315 billion yuan to Danhua Chemical Technology and its subsidiaries, constituting related-party transactions. However, the company did not promptly perform the review procedures and disclosure obligations. The company did not disclose this related-party transaction in the 2022 annual report and 2023 semi-annual report. The Jiangsu Securities Regulatory Bureau decided to take administrative regulatory measures by issuing a warning letter to the company and relevant individuals. The company stated that it will take this as a lesson, strengthen the study of relevant laws and regulations, improve the company's standardized operation level, and enhance the quality of information disclosure.