ST Special Treat Haofeng Announcement, the company received the "Administrative Penalty Decision" issued by the Beijing Regulatory Bureau of the China Securities Regulatory Commission. In 2020, the information system integration business carried out by ST Haofeng with 5 units was actually fund financing business. The company only fulfilled the obligation of providing funds in advance and received fixed interest. The company did not account correctly, falsely increasing the 2020 annual revenue by 73.1285 million yuan, accounting for 11.43% of the annual revenue, leading to false records in the 2020 annual report. The Beijing Regulatory Bureau decided to issue a warning to ST Haofeng and impose a fine of 3 million yuan; issue a warning to then director and general manager Li Jihong, and impose a fine of 1.5 million yuan; issue a warning to then chairman Gao Kang, and impose a fine of 1.5 million yuan; issue a warning to then director and deputy general manager cum CFO Shen Chang, and impose a fine of 0.8 million yuan.