Beijing Jinyu Group Co., Ltd. announced that the company's non-executive director, Zhao Xinjun, is currently the chairman of Tianshan Materials. Tianshan Materials received a notice from the China Securities Regulatory Commission. The Xinjiang Securities Regulatory Bureau issued a decision on administrative supervision measures to Tianshan Materials, and also issued a warning letter to three relevant managers including Zhao Xinjun, requesting that information disclosure management be strengthened and written rectification reports submitted. After review, the board of directors found that the case was still in the investigation stage. The relevant regulatory measures did not involve Zhao Xinjun's personal integrity and character issues, were not directly related to the Group's business, and that Zhao Xinjun was still suitable as a non-executive director of the company.

Beijing Jinyu Group Co., Ltd. announced that the company's non-executive director, Zhao Xinjun, is currently the chairman of Tianshan Materials. Tianshan Materials received a notice from the China Securities Regulatory Commission. The Xinjiang Securities Regulatory Bureau issued a decision on administrative supervision measures to Tianshan Materials, and also issued a warning letter to three relevant managers including Zhao Xinjun, requesting that information disclosure management be strengthened and written rectification reports submitted. After review, the board of directors found that the case was still in the investigation stage. The relevant regulatory measures did not involve Zhao Xinjun's personal integrity and character issues, were not directly related to the Group's business, and that Zhao Xinjun was still suitable as a non-executive director of the company.