1. Description of Corrective Measures and Progress
Guangdong Huatie Tongda High-speed Equipment Co., Ltd. (hereinafter referred to as "the Company") received a decision from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as "CSRC") on May 10, 2024, regarding the imposition of corrective measures (Document No. [2024] 24) against the Company and Xuan Ruiguo. For detailed content, please refer to the announcement disclosed by the Company on May 11, 2024, titled "Announcement on Receiving the Decision of Corrective Measures from the Guangdong Regulatory Bureau" (Announcement No. 2024-032).