Shandong Yabo Technology received a regulatory letter from the Shenzhen Stock Exchange. The company's holding subsidiary Shandong Zhongfu Kai New Energy Technology Co., Ltd. signed a "Huawo Cement 3.57MW Distributed Photovoltaic Construction Project PC Turnkey Contract" with Shandong Quansheng New Energy Co., Ltd. in February 2024, with a contract amount of 9.3606 million yuan. Shandong Quansheng New Energy Co., Ltd. is an affiliated party of the company. The company did not fulfill its disclosure obligations in a timely manner regarding the above-mentioned related party transactions until August 2024 when it made supplementary disclosures. The company's actions violated relevant regulations. Chairman Zhang Zonghui, General Manager Tang Jiyong, and Board Secretary You Hongzhi failed to diligently perform their duties, violating relevant regulations and bearing primary responsibility for the above violations.