Joint Financial Credit noted that on April 13, 2024, Xiamen Construction and Development Co., Ltd. issued the “Notice Concerning the Company's Receipt of the Warning Letter from the Xiamen Securities Regulatory Bureau and the Decision on Regulatory Dialogue Measures”, stating that the main contents of the “Warning Letter” and “Decision on Regulatory Dialogue Measures” were: (1) accounting irregularities; (2) inadequate internal control; Zheng Yongda as the company's chairman, Lin Mao as the company's general manager, and Wei Zhuo as the company's general manager in charge of finance at the time were responsible for the above irregularities. United Credit has been in touch with the company and will continue to maintain communication in order to fully analyze and promptly disclose the possible impact of the above matters on the credit level of the company's entities and the above debts.