The company and the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
Special Note:
In accordance with the relevant provisions of the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the Guangdong Securities Regulatory Bureau of the China Securities Regulatory Commission has filed a case and investigated the information disclosure violations by the company and Chu Yifan, and has informed the parties of the facts, reasons, and basis for the administrative penalties, as well as the rights they are legally entitled to. The case has now been investigated and concluded:
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The company was ordered to rectify, given a warning, and fined 10.6 million yuan;
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Chu Yifan was given a warning and fined 15.5 million yuan, of which 4.9 million yuan was imposed as a directly responsible supervisor and 10.6 million yuan as the actual controller;
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Lei Xinyue was given a warning and fined 2.8 million yuan;
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Zhang Qingfeng was given a warning and fined 1.6 million yuan;
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Li Hui was given a warning and fined 0.2 million yuan.
On August 7, 2026, Guangdong Quanzhou Technology Co., Ltd. (hereinafter referred to as the "Company") and relevant personnel received the "Decision on Administrative Penalty" ((2026) No. 15) issued by the Guangdong Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Guangdong Securities Regulatory Bureau"). In accordance with the relevant provisions of the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the Guangdong Securities Regulatory Bureau filed a case and investigated the information disclosure violations by the Company and Chu Yifan, and informed the parties of the facts, reasons, and basis for the administrative penalties, as well as the rights they are legally entitled to. For specific details, please refer to the "Announcement on the Company and its Actual Controller Receiving the Filing and Investigation Notice from the China Securities Regulatory Commission" (Announcement No.: 2026-029) disclosed by the Company on Juchao Information Network on March 19, 2026, and the "Announcement on Receiving the Prior Notice of Administrative Penalty" (Announcement No.: 2026-080) disclosed on Juchao Information Network on July 17, 2026.
The case has now been investigated and concluded, and the relevant situation is hereby announced as follows:
I. Main Content of the "Decision on Administrative Penalty"