Iceberg Cold & Hot: Due to inadequate disclosure of related-party transactions and other issues, the Dalian Securities Regulatory Bureau has ordered the company to make corrections and issued warning letters to the responsible persons.

Ice Mountain Cold & Hot March 2 Announcement: On March 2, 2026, the company and related personnel received the “Decision on Regulatory Talk and Supervisory Measures for Ding Jie” and the “Decision on Corrective Supervisory Measures for Ice Mountain Cold & Hot Technology Co., Ltd., Ji Zhijian, and Song Wenbao” issued by the Dalian Regulatory Bureau of the China Securities Regulatory Commission. An investigation found that the company had issues such as inadequate disclosure of related-party and related-party transactions, lack of independence in corporate governance, irregular revenue recognition for some complete equipment engineering projects, and failure to strictly fulfill the obligation of integrity record inquiries. Chairman Ji Zhijian and Secretary Song Wenbao bear primary responsibility for these actions. The Dalian Securities Regulatory Bureau decided to impose administrative regulatory measures requiring the company and responsible persons to make corrections, and these will be recorded in the securities and futures market integrity archive. Ding Jie was subjected to regulatory talk measures and his record was included in the integrity archive due to failure to accurately report part-time employment, which led to the company’s failure to disclose related-party transactions in a timely manner.