New East: Received Administrative Supervision Measures Decision Document and Ordered to Rectify

New East announced that the company has received an administrative supervision measure decision from the Anhui Regulatory Bureau of the China Securities Regulatory Commission, pointing out issues such as non-standard accounting practices and inadequate internal controls. The company has been ordered to complete rectification within 30 days and submit a written rectification report. The company stated that it will strictly carry out the rectification as required and that it will not affect daily production and operational activities