Yongmaotai announced that in order to apply to issue shares to specific targets, the company disclosed the regulatory measures and rectification measures taken by the securities regulatory authorities and exchanges in the last five years, and has not been penalized in the last five years. Supervisory measures include: in September 2022, due to untimely disclosure of major futures losses and an imperfect hedging system; in December 2023, a warning letter was issued by the Shanghai Securities Regulatory Bureau due to illegal disclosure of the same futures credit disclosure; in August 2024, due to actual controller Zhou Qiuling's non-operating occupation of 150,000 yuan of capital, the Shanghai Stock Exchange. Financial Director Fan Yuetong was warned; in January 2025, a letter of concern was received from the Shanghai Securities Regulatory Bureau due to imperfect internal control and financial accounting issues. The above matters have all been rectified.

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