Announcement on Receiving Decision on Administrative Supervision Measures
The company and the entire board of directors guarantee that the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Zidu Technology Co., Ltd. (hereinafter referred to as the "Company" or "Zidu Shares") and relevant personnel recently received the "Decision on Issuing a Warning Letter to Zidu Technology Co., Ltd., Lu Hongda, Zhao Liren, Chen Zhifeng, Liu Wei, Lan Jia, Tang Zheng, and Zhang Ting" (Administrative Supervision Measure Decision [2026] No. 71) (hereinafter referred to as the "Decision") issued by the Guangdong Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Guangdong Securities Regulatory Bureau"). The content of the Decision is hereby announced as follows:
I. Content of the Decision
Zhang Ting:
Subject:
"Zidu Technology Co., Ltd., Lu Hongda, Zhao Liren, Chen Zhifeng, Liu Wei, Lan Jia, Tang Zheng,
Upon investigation, Zidu Technology Co., Ltd. (hereinafter referred to as Zidu Shares or the Company) has the following violations:
- Incomplete Disclosure of Control Structure. Zidu Shares' indirect controlling shareholder is Beijing Zidu Dezheng Investment Co., Ltd. Its shareholder Zhao Liren and Lu Hongda signed an equity proxy agreement. Zidu Shares' "Announcement on the Absence of Actual Controller" disclosed on April 26, 2019, and related periodic reports did not accurately and completely disclose the equity structure. This information was only disclosed in the "2024 Annual Report" on April 29, 2025. This conduct violates Article 2, Paragraph 1 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 40) and Article 3, Paragraph 1 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182).