Tianyu Biotech announced that Luo Weiguo, the actual controller of the company, received an “Administrative Penalty Decision” from the Chongqing Securities Regulatory Bureau. Luo Weiguo concealed the concerted action relationship by transferring shares in the Muxin Bronze No. 1 fund and evaded restrictions on holdings reduction. From November 15 to December 28, 2021, he illegally reduced his holdings of the company's shares by 116.777 million shares with the concerted actors. The amount of illegal holdings was reduced by 165 million yuan, and the illegal proceeds were 158.533 million yuan. The Chongqing Securities Regulatory Bureau issued a warning, confiscated 158.533 million yuan of illegal proceeds, and imposed a fine of 1.75 million yuan. This matter is the actual controller's personal act. It does not touch on the company's delisting and risk warning situations, and will not have a significant impact on the company's production and operation.

Tianyu Biotech announced that Luo Weiguo, the actual controller of the company, received an “Administrative Penalty Decision” from the Chongqing Securities Regulatory Bureau. Luo Weiguo concealed the concerted action relationship by transferring shares in the Muxin Bronze No. 1 fund and evaded restrictions on holdings reduction. From November 15 to December 28, 2021, he illegally reduced his holdings of the company's shares by 116.777 million shares with the concerted actors. The amount of illegal holdings was reduced by 165 million yuan, and the illegal proceeds were 158.533 million yuan. The Chongqing Securities Regulatory Bureau issued a warning, confiscated 158.533 million yuan of illegal proceeds, and imposed a fine of 1.75 million yuan. This matter is the actual controller's personal act. It does not touch on the company's delisting and risk warning situations, and will not have a significant impact on the company's production and operation.