The Illegal fact Companies and the controller and executive officers who have not promptly been informed about serious matters were subjected to Administrative punishment by Jiangsu Security Regulatory Bureau

The Company and related parties received the decision on the Administrative penalty of Jiangsu Security Regulatory Bureau after announcement dated 12 June. Se ha comprobado que la empresa no ha revelado oportunamente los principales asuntos litigiosos de conformidad con las normas, no ha revelado oportunamente la ocupación de los fondos no operacionales de las partes vinculadas después del 1 de marzo de 2020, el informe semestral de 2020 contiene omisiones importantes y otros hechos ilícitos.

Jiangsu Security Regulatory Bureau pointed out that according to the Facts, Nature, circumstances and Social Harm degree of the Illegal Acts of the Parties, it was decided to warn and impose a fine of 1.5 million Yuan to Elefirst Science & Technology Co.Ltd(300356) \ according to the provisions of article 197, paragraph 1, of The Securities law against the failure of the Parties to disclose the major Litigation Matters in Time and the illegal Longchangming was warned and fined 2.4 million Yuan as the actual controller and 1.2 million Yuan as the Chairman of the President. Tong Yan was warned and fined 400000 Yuan for failing to disclose the Illegal Acts of Non – operational Fund Occupation by the related party in accordance with the provisions.

De conformidad con el párrafo 2 del artículo 197 de la Ley de valores, en caso de que haya omisiones importantes en el informe semestral de Elefirst Science & Technology Co.Ltd(300356) 2020, se dará una advertencia a Elefirst Science & Technology Co.Ltd(300356) y se impondrá una multa de 1,5 millones de yuan. Longchangming was given a warning and a fine of 1.2 million yuan; Tong Yan was warned and fined 800, 000 yuan; Dai Xiaodong was warned and fined Shanghai Pudong Development Bank Co.Ltd(600000) yuan; Amonestar a Ren changzhao, Liu Xiangming, Zhou Youmei, Zhou Weidong, Zhu Yunfei, Qian Weimin, GE zijun, Wang Hao y Xu Jing, todos los directores, supervisores y altos directivos en ese momento, y multarlos con 500000 yuan.

The above penalty Combined Calculation: Warning of Elefirst Science & Technology Co.Ltd(300356) Longchangming was warned and fined with 4.8 million Yuan, including 2.4 million Yuan as the actual controller and 2.4 million Yuan as the President. Tong Yan was given a warning and a fine of 1.2 million yuan; Dai Xiaodong was warned and fined Shanghai Pudong Development Bank Co.Ltd(600000) yuan; Amonestar a Ren changzhao, Liu Xiangming, Zhou Youmei, Zhou Weidong, Zhu Yunfei, Qian Weimin, GE zijun, Xu Jing y Wang Hao, y multarlos con 500000 yuan.

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