On August 28, guangzhou devotion thermal technology announced that the company recently received a decision from the Guangdong Securities Regulatory Bureau on the issuance of a warning letter to guangzhou devotion thermal technology, Chen Yanfang, and Yu Yongfang. In the annual reports from 2019 to 2023, there are errors in the disclosure of information related to Yongzhou Yonghe 1 Electronic Materials Co., Ltd. (referred to as "Yonghe 1"). Among them, in the annual reports from 2019 to 2021, the disclosure of the time of signing the Biomass Boiler Contract Energy Management Cooperation Agreement and the Supplementary Agreement with Yonghe 1, the name of the court applied for enforcement, and the content of the enforcement application are incorrect; in the annual reports of 2022 and 2023, the content of the enforcement application is disclosed incorrectly. The company's above behavior violates the regulations. The former company secretary, Chen Yanfang, and the former company secretary, Yu Yongfang, failed to fulfill their duties diligently and responsibly as required, and are primarily responsible for the company's above behavior. The Guangdong Securities Regulatory Bureau has decided to take administrative regulatory measures to issue warning letters to the company, Chen Yanfang, and Yu Yongfang.