This company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and assume joint and several liability for any false representations, misleading statements, or material omissions.
Topwise Smart Solutions Co., Ltd. (hereinafter referred to as "Topwise Information" or "the Company") received the "Decision on Ordering Rectification and Issuing a Warning Letter to Relevant Personnel" ([2026] No. 18) issued by the Hunan Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Hunan CSRC") on May 7, 2026.
Upon receiving the "Decision," the Company attached great importance to the matter. It immediately organized a special meeting of the board of directors, management, and relevant responsible personnel. A rectification work leading group was established with the chairman as its head to comprehensively manage the organization, coordination, and promotion of the rectification work. The work leading group thoroughly analyzed the root causes of the problems, strictly followed regulatory requirements, formulated a special rectification plan, and fully implemented the rectification work. A rectification report was submitted to the Hunan CSRC.
The specific rectification situation is as follows:
I. Problems and Rectification Measures
Existing Problem: Director Song Junyi was nominated by his father, Song Ying, a shareholder holding more than 5% of the Company's shares, to serve as a director. During his tenure, Song Junyi did not actually perform his directorial duties, and Song Ying acted on his behalf. This resulted in false disclosures in the Company's board resolutions and interim reports regarding the review by directors.
Rectification Measures:
- Completion of Resignation for Relevant Director and Election of New Director in Accordance with Regulations