SFPM and related personnel received a warning letter from the Heilongjiang Securities Regulatory Bureau

SFPM recently received a warning letter from the Heilongjiang Securities Regulatory Bureau for failing to comply with the prescribed procedures for related party transaction review and information disclosure obligations. The transaction amount between the company and its wholly-owned subsidiary Shanghai Haiwei was 32.3836 million yuan, accounting for 0.68% of the most recent audited net assets. Chairman Guan Yuxiu, General Manager Guan Yi, and Board Secretary Zhou Guangkuao bear primary responsibility for this violation. The Heilongjiang Securities Regulatory Bureau has decided to take warning letter measures against them and record it in their integrity files