Shanghai Shimao Co., Ltd. announced on August 3 that the company and related parties received an administrative penalty decision from the Shanghai Securities Regulatory Bureau. It was discovered that the company failed to promptly disclose major debt matters in accordance with regulations, and there were false records in the 2020 to 2022 annual report; failed to promptly disclose transactions related to the occupation of non-operating capital in accordance with regulations and was not disclosed in the 2020 to 2022 annual report; failed to promptly disclose outstanding maturing major debts in accordance with regulations and was not disclosed in the 2022 annual report; did not promptly disclose related guarantee matters in accordance with regulations, and did not disclose them in the 2020 to 2022 annual report; failed to promptly disclose major litigation and arbitration matters in accordance with regulations, and were not disclosed in the 2020 to 2022 annual report Disclosed in the 2022 Annual Report. The Shanghai Securities Regulatory Bureau decided to order corrections, give a warning, and fine of 10.5 million yuan to Shanghai Shimao Co., Ltd.; give a warning to Xu Shitan, then vice chairman of Shimao Group's board of directors and president, and impose a fine of 4.9 million yuan; warn and fine Tang Boiling, then director of Shimao Group, and head of the financial management center; give a warning and fine of RMB 2.8 million to Shimao Shimao; give a warning and fine of RMB 2.8 million to Shimao Shimao; Wu Linghua, then president and director of the stock, gave a warning and imposed a penalty of 2.8 million A fine of yuan; a warning was given to Yu Feng, then secretary of the board of directors, vice president and chief financial officer of Shimao Co., Ltd., and a fine of 2.8 million yuan was imposed; Zhang Jie, then vice president and chief financial officer of Shimao Co., Ltd., was warned and a fine of 1.4 million yuan was imposed. At the same time, Xu Shitan was banned from entering the securities market for 6 years, and Tang Boi was banned from entering the securities market for 4 years. During the prohibited period, apart from continuing to engage in securities business, securities service business, or as a director, supervisor, or senior manager of the original securities issuer, you must not engage in securities business, securities service business, or act as a director, supervisor, or senior manager of another securities issuer in any other institution.

Shanghai Shimao Co., Ltd. announced on August 3 that the company and related parties received an administrative penalty decision from the Shanghai Securities Regulatory Bureau. It was discovered that the company failed to promptly disclose major debt matters in accordance with regulations, and there were false records in the 2020 to 2022 annual report; failed to promptly disclose transactions related to the occupation of non-operating capital in accordance with regulations and was not disclosed in the 2020 to 2022 annual report; failed to promptly disclose outstanding maturing major debts in accordance with regulations and was not disclosed in the 2022 annual report; did not promptly disclose related guarantee matters in accordance with regulations, and did not disclose them in the 2020 to 2022 annual report; failed to promptly disclose major litigation and arbitration matters in accordance with regulations, and were not disclosed in the 2020 to 2022 annual report Disclosed in the 2022 Annual Report. The Shanghai Securities Regulatory Bureau decided to order corrections, give a warning, and fine of 10.5 million yuan to Shanghai Shimao Co., Ltd.; give a warning to Xu Shitan, then vice chairman of Shimao Group's board of directors and president, and impose a fine of 4.9 million yuan; warn and fine Tang Boiling, then director of Shimao Group, and head of the financial management center; give a warning and fine of RMB 2.8 million to Shimao Shimao; give a warning and fine of RMB 2.8 million to Shimao Shimao; Wu Linghua, then president and director of the stock, gave a warning and imposed a penalty of 2.8 million A fine of yuan; a warning was given to Yu Feng, then secretary of the board of directors, vice president and chief financial officer of Shimao Co., Ltd., and a fine of 2.8 million yuan was imposed; Zhang Jie, then vice president and chief financial officer of Shimao Co., Ltd., was warned and a fine of 1.4 million yuan was imposed. At the same time, Xu Shitan was banned from entering the securities market for 6 years, and Tang Boi was banned from entering the securities market for 4 years. During the prohibited period, apart from continuing to engage in securities business, securities service business, or as a director, supervisor, or senior manager of the original securities issuer, you must not engage in securities business, securities service business, or act as a director, supervisor, or senior manager of another securities issuer in any other institution.