The Shanghai Stock Exchange publicly condemned Polyrocks and the relevant responsible persons

According to the facts established in the "Administrative Penalty Decision" by the Guangdong Regulatory Bureau of the China Securities Regulatory Commission, Guangdong Polyrocks Chemical Co., Ltd. and its subsidiaries inflated revenue, costs, and profits through false trading activities. In the first half of 2023, Polyrocks Chemical inflated its operating revenue by a total of 156,807,377.35 yuan, inflated operating costs by a total of 158,470,264.89 yuan, and reduced profits by a total of 1,662,887.54 yuan, accounting for 8.32%, 8.51%, and 6.81% of the absolute values of total operating revenue, total costs, and total profits for the period, respectively