Juguang Technology announced that the company recently received an administrative regulatory measure decision from the Shaanxi Securities Regulatory Bureau. Upon investigation, the company has the following issues: 1. The accounting for Stock-based Incentive expenses is not standardized; 2. The management and use of raised funds are not standardized, including the failure to follow review procedures for the replacement of some raised funds with self-raised funds, and some raised funds are not managed and used in a dedicated account; 3. The disclosure of information related to raised funds is incomplete. The Shaanxi Securities Regulatory Bureau decided to order the company to make corrections and issue warning letters to Liu Xing Sheng, Zhang Xue Feng, and Ye Yi Ping as administrative regulatory measures. The company and related personnel will seriously learn from the lessons, strengthen the study of laws and regulations in the areas of standardized operations, management of raised fund usage, and information disclosure, and submit a written rectification report. These regulatory measures have not affected the company's normal production and operation management activities in any way.