Yongshan Lithium announced that its indirect controlling shareholder, Shanshan Holdings, has received the "Notice of Administrative Penalty Advance Notification" issued by the Liaoning Securities Regulatory Bureau. Shanshan Holdings holds more than 30% of the voting shares issued by Jinzhou Yongshan Lithium and did not fulfill its tender offer obligations when continuing the acquisition, Liaoning Securities Regulatory Bureau intends to order Shanshan Holdings to make corrections, give a warning, and impose a fine of 5 million yuan.