*ST Dynamics announced that the company and related personnel received an administrative penalty decision from the Hebei Regulatory Bureau. After investigation, between 2020 and 2021, the company did not truthfully disclose relationships and related transactions with Nuoan Fund. The relevant interim reports contained false records, and there were major omissions in the regular reports. The Hebei Supervisory Authority decided to order the company to make corrections, give a warning, and fine of 5 million yuan; fine Mao Fengli, the actual controller at the time; give separate warnings to then-chairman Mao Junliang, then-general manager and director Cheng Fangfang, then-financial director Zhang Meng, and then-secretary Zong Ran, and impose fines of 4 million yuan, 3.6 million yuan, 3.2 million yuan, and 2 million yuan; imposed a four-year ban on the securities market for Mao Junliang and Cheng Fangfang. The company stated that this penalty did not touch on the situation of major offenses and forced delisting, and production and operation are currently normal.

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