Zhitong Finance APP: North Long Dragon (301357.SZ) announced that the company recently received the administrative regulatory measures decision letter "On the Decision to Issue a Warning Letter to Northern Long Dragon New Materials Technology Co., Ltd. and Chen Yue and Meng Haifeng" from the Shaanxi Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as "Shaanxi Regulatory Bureau"). The relevant situation is now announced as follows:

Northern Long Dragon New Materials Technology Co., Ltd., Chen Yue, and Meng Haifeng: After investigation, your company has the following problems: On January 30, 2024, your company released the "2023 Performance Forecast", which expects the net income attributable to the owner of the parent company (hereinafter referred to as the "Net Income of the Parent Company") for 2023 to be between RMB 30 million and RMB 38 million, a decrease of 53-63% compared with the previous year. On April 1, your company issued a "Revised Announcement on the 2023 Performance Forecast", revising the net income of the parent company for 2023 to be between RMB 10.5 million and RMB 13.5 million, with a significant correction. On April 23, your company issued the "2023 Annual Report", and the audited net income attributable to the parent company in 2023 was RMB 11.54 million. The gap between the minimum net income of the parent company disclosed in your company's performance forecast and the actual performance difference is 61.53%, and the disclosure of performance forecast related information is inaccurate. The above-mentioned matters violate the provisions of Article 3 of the "Measures for the Administration of Information Disclosure of Listed Companies" (CSRC Order No. 182, hereinafter referred to as the "Regulations").

According to Article 51 of the Regulations, Chen Yue, Chairman and General Manager of the company, and Meng Haifeng, Secretary of the Board of Directors and CFO, bear primary responsibility for the violation. According to Article 52 of the Regulations, our bureau has decided to issue a warning letter to your company and Chen Yue and Meng Haifeng as supervisory measures.