Shifeng Cultural: The performance commitment party has received the administrative supervision measures decision from the Guangdong Securities Regulatory Bureau

Shifeng Cultural announced that the company received a notice from the Guangdong Securities Regulatory Bureau regarding the performance commitment party of its affiliated company Anhui Chaolong Optoelectronic Technology Co., Ltd. The notice states that Sun Pingzhu, Li Dengqi, Chen Jiabing, Pan Zhendong, Chen Wei, Tianchang Gongying Enterprise Management Co., Ltd., Tianchang Jiahewei Enterprise Management Co., Ltd., Jiangyin Zhuosheng Textile Co., Ltd., and Wuxi Yingshenghui Investment Co., Ltd. have been ordered to correct their actions. The decision indicates that the performance commitment party failed to fulfill its performance compensation commitment on time, violating relevant regulations. Currently, Shifeng Cultural has received part of the performance commitment compensation amounting to 2.796 million yuan, with 115 million yuan still unpaid. The company will actively urge the performance commitment party to fulfill its compensation obligations and take necessary measures to protect the rights and interests of the company and its shareholders. This administrative regulatory measure will not affect the company's normal business management activities