Core Viewpoint - The company received a regulatory attention letter from the Dalian Regulatory Bureau of the China Securities Regulatory Commission, highlighting insufficient impairment provisions for the Jinzhai Jiayue Phase I project and internal control deficiencies [1] Summary by Relevant Sections Impairment Issues - The company was found to have inadequately recognized impairment for the Jinzhai Jiayue Phase I project, with a reported impairment of 218 million yuan as per an assessment by Chongqing Henghe Asset Appraisal Co., Ltd. This impairment primarily concerns P-type equipment, while general equipment was not subjected to impairment [1] Internal Control Deficiencies - The Dalian Regulatory Bureau noted that the company's internal control systems were not properly executed. Issues included the lack of approval for certain procurement, loan contracts, and external guarantees. Additionally, there were instances of labor dispatch employees receiving wages on behalf of others or for severance payments [1] Board Meeting and Agreements - On May 3, 2023, the company held its sixth board meeting, where it approved a targeted issuance proposal and signed an investment agreement for a high-efficiency photovoltaic cell project with the Tongling Shizishan High-tech Zone Management Committee. These matters were not registered for insider information [1]

Core Viewpoint - The company received a regulatory concern letter from the Dalian Regulatory Bureau of the China Securities Regulatory Commission, highlighting issues related to insufficient impairment provisions for the Jinzhai Jiayue Phase I project and internal control deficiencies [1] Group 1: Impairment Issues - The company inadequately recognized impairment for the Jinzhai Jiayue Phase I project, with a reported impairment of 218 million yuan primarily concerning P-type equipment, while general equipment was not included in the impairment assessment [1] - The economic depreciation data in the assessment report was found to be significantly inconsistent with actual conditions [1] Group 2: Internal Control Deficiencies - The company’s internal control systems were not properly executed, as evidenced by the lack of approval for certain procurement, loan contracts, and external guarantees [1] - There were instances of labor dispatch employees receiving wages on behalf of others or for severance payments, indicating potential misuse of payroll processes [1] Group 3: Corporate Governance - During the sixth board meeting held on May 3, 2023, the company approved a private placement proposal and an investment agreement for a high-efficiency photovoltaic cell project with the Tongling Lion Mountain High-tech Zone Management Committee, without proper insider information registration [1]