Sunward Intelligent Equipment announced that the company and relevant responsible persons received the "Decision on Ordering Correction" and "Decision on Warning Letter" issued by the Hunan Securities Regulatory Bureau. From 2020 to 2022, the company had insufficient provision for impairment of accounts receivable and other items, did not consistently report financing lease deposits in accordance with accounting standards, made imprudent provisions for expected liabilities, and did not retrospectively adjust accounting errors to previous years, violating relevant provisions of the "Administrative Measures for the Disclosure of Information by Listed Companies". The Hunan Securities Regulatory Bureau decided to take administrative regulatory measures to order the company to correct its actions and record it in the integrity file of the securities and futures market. At the same time, administrative regulatory measures were taken to issue warning letters to the then company's chairman He Qinghua, then executive general manager Xia Zhihong, and then CFO Xiong Daoguang who had primary responsibilities. The company stated that it will strictly rectify according to the requirements, strengthen financial control, standardize accounting, improve the quality of information disclosure, and enhance the level of standardized operation of the company.