Core Viewpoint - The announcement details the administrative regulatory measures taken by the Heilongjiang Securities Regulatory Bureau against the controlling shareholder of Jinglan Technology Co., Ltd., Yunnan Jiajun Target Material Technology Co., Ltd., due to non-fulfillment of performance commitments related to a restructuring investment agreement [1][2]. Group 1: Administrative Measures - Yunnan Jiajun Target Material Technology Co., Ltd. received an administrative regulatory decision from the Heilongjiang Securities Regulatory Bureau on December 30, 2025, regarding its failure to fulfill performance commitments made in a restructuring investment agreement with Jinglan Technology [1]. - The regulatory decision cites violations of the Information Disclosure Management Measures and the Guidelines for Listed Companies, leading to corrective administrative measures being imposed on the company [2]. Group 2: Performance Commitment and Obligations - The restructuring investment agreement stipulated that if Jinglan Technology did not meet the promised net profit for 2024, Yunnan Jiajun Target Material Technology Co., Ltd. was obligated to fulfill compensation within three months after the audit report was issued [1]. - As of the date of the decision, Yunnan Jiajun had not completed its commitment to compensate Jinglan Technology for the unmet performance [2]. Group 3: Impact on the Company - The administrative measures against the controlling shareholder are not expected to affect the normal production and operational activities of Jinglan Technology [2]. - The company's board will ensure compliance with relevant regulations and maintain communication with the controlling shareholder to urge the fulfillment of performance obligations [2].