Chengdu Huaze Cobalt Nickel Materials Co., Ltd. (hereinafter referred to as "the Company") received the Administrative Penalty Notice No. 34 (2019) from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") on March 20, 2019. The Board of Directors and all directors of the Company guarantee that the content of this announcement does not contain any false records, misleading statements, or major omissions, and bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.
The CSRC has completed its investigation into the alleged violations of information disclosure laws by Huaze Cobalt Nickel and intends to impose administrative penalties. The specific details are as follows: