*ST Quan announced that on August 7, 2026, the company and related personnel received the “Administrative Penalty Decision” issued by the Guangdong Securities Regulatory Bureau. The company was ordered to correct, give a warning, and be fined 10.6 million yuan; the actual controller, Chu Yifan, was fined 15.5 million yuan, of which the supervisors directly responsible were fined 4.9 million yuan and 10.6 million yuan as actual controllers; Lei Xinyue, Zhang Qingfeng, and Li Hui were fined 2.8 million yuan, 1.6 million yuan, and 200,000 yuan respectively yuan.

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