Laisun Tongling: Received the administrative penalty decision and handling decision from the tax authority.

On April 11, Laishen Tongling announced that the company was fined 0.5 times the underpaid tax, totaling 509,800 yuan, for false invoicing and overlisting expenses and underpaying enterprise income tax in the account books, and was fined 1.5 times the amount of individual income tax that should be withheld and not withheld, totaling 5.6584 million yuan. The company must also pay a late fee of 301,400 yuan. The company has paid a total of 5.9598 million yuan in fines and late fees to the tax authorities, and intends not to carry out administrative reconsideration and administrative litigation. This matter will not have a significant impact on the company’s normal production and operation, and the impact on the company’s profit and loss from 2022 to 2024 will be 4.4315 million yuan, 717,200 yuan and 811,100 yuan respectively.