Zhitong Financial App News, ST Jiaoang (600530.SH) notice, according to the previous announcement, the company received the "filing notice" (serial number: CSRC No. 0032023015) of the China Securities Regulatory Commission (CSRC) on May 12, 2023, suspected of illegal information disclosure (failure to disclose the annual report on time), according to laws and regulations such as the Securities Law of the people's Republic of China and the Administrative punishment Law of the people's Republic of China. The CSRC decided to file a case against the company. On October 24, 2023, the company received the "advance notice of Administrative punishment" issued by the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (Shanghai Securities Supervision Office penalty [2023] No. 18) ("notice"), which is hereby announced as follows:

Shanghai Jiaotong University Onli Co., Ltd., Mr. Ji Lin, Ms. Xia Sanyan, Mr. Xia Jinghua, Mr. Cao Yi: Shanghai Jiaotong University Onli Co., Ltd. (Shanghai Jiaotong University Onli or Company) suspected of illegal information disclosure case, has been investigated by this Council, this Council intends to impose administrative penalties on you in accordance with the law. We hereby inform you of the illegal facts, reasons and grounds on which you intend to impose administrative penalties and the relevant rights you enjoy. It has been found out that the facts of Jiaotong University's suspected violations are as follows: on April 29, 2023, Jiaotong University issued a "notice on the inability to disclose the 2022 annual report and the first quarterly report of 2023 and the company's stock suspension within the legal time limit". The company disclosed that the company was unable to disclose the audited annual report of 2022 and the first quarterly report of 2023 before April 30, 2023, and the company's shares were suspended from May 4, 2023. On August 31, 2023, Anli of Jiaotong University disclosed its annual report for 2022. To sum up, as of April 30, 2023, Onli of Jiaotong University did not disclose the company's 2022 annual report within the legal time limit. The above facts are proved by relevant company announcements, relevant information notes, relevant personnel inquiry records and other evidence.

In the opinion of this Bureau, the above-mentioned acts of Anli of Jiaotong University are suspected of violating the provisions of paragraph 1 of Article 79 of the Securities Law of the people's Republic of China ("Securities Law"). It constitutes the act of "the information disclosure obligor fails to submit the relevant report or perform the information disclosure obligation in accordance with the provisions of this Law" as mentioned in the first paragraph of Article 197 of the Securities Law. In accordance with paragraph 3 of Article 82 of the Securities Law and paragraph 1 of Article 51 of the measures for the Administration of Information Disclosure of listed companies (order No. 182 of the CSRC), directors, supervisors and senior managers shall ensure that the information disclosed is true, accurate, complete, timely and fair. As the then chairman and acting secretary of the board of directors, Ji Lin has the obligation to ensure that information disclosure is true, accurate, complete, timely and fair in accordance with the law, and should fully perform his management duties and information disclosure duties. It failed to fulfill its duty to promote the disclosure of the 2022 annual report of Jiaotong University in accordance with the law, which is the directly responsible person in charge of illegal information disclosure. Xia Sanyan and Xia Jinghua, as co-acting presidents at that time and Cao Yi as chief financial officers at that time, had the obligation to ensure that information disclosure was true, accurate, complete, timely and fair in accordance with the law, and failed to fulfill their duties in compiling the company's 2022 annual report to promote the disclosure of the 2022 annual report by Anli of Jiaotong University in accordance with the law.

According to the facts, nature, circumstances and social harm degree of the illegal acts of the parties concerned, and in accordance with the provisions of paragraph 1 of Article 197 of the Securities Law, this Council intends to decide: first, to give a warning to Shanghai Jiaotong University Anli Co., Ltd., and impose a fine of 500000 yuan; second, to warn Ji Lin and impose a fine of 500000 yuan; third, to warn Xia Sanyan and impose a fine of 300000 yuan Fourth, give a warning to Xia Jinghua and impose a fine of 300000 yuan; fifth, give a warning to Cao Yi and impose a fine of 300000 yuan. In accordance with articles 45, 63 and 64 of the Administrative punishment Law of the people's Republic of China and the relevant provisions of the Administrative punishment hearing rules of the China Securities Regulatory Commission, with regard to the administrative penalties to be imposed on you by this Council, you have the right to state, defend and request a hearing. The facts, reasons and evidence put forward by you will be accepted by this Council if they have been reviewed and established by this Council. If you waive the right to present, defend and request a hearing, the Bureau will make a formal decision on administrative punishment in accordance with the above facts, grounds and basis. Please fax the "receipt of advance notice of Administrative punishment" to this Council within 5 working days from the date of receipt of this notice, and submit the original receipt to this Council on the same day. If you fail to do so, you will be deemed to have waived the above rights.