Lianovation: The company and related personnel received a warning letter from the Jiangxi Securities Regulatory Bureau

Lianovation announced on October 24th that the company recently received a decision from the Jiangxi Securities Regulatory Bureau regarding the issuance of a warning letter to Jiangxi Lianovation Optoelectronics Technology Co., Ltd. and Wu Rui. Upon investigation, it was found that the company disclosed information such as the "Announcement on the Correction of Previous Accounting Errors," stating that due to misstatements in the financial report of its affiliated company Jiangxi Lianovation Superconducting Application Co., Ltd. for 2023, there were misstatements in accounting items such as long-term equity investments, undistributed profits, and investment income. The company has corrected the financial statements for 2023 using the retrospective restatement method. This matter reflects that the financial information disclosed in the company's previous periodic reports was inaccurate. Wu Rui, as the chairman of the company and Lianovation Superconducting, bears primary responsibility for the aforementioned violations. The Jiangxi Securities Regulatory Bureau has decided to issue a warning letter to Lianovation and Wu Rui as a regulatory measure and will record the relevant situation in the integrity file of the securities and futures market