Gelonghui May 24 丨*ST Longyu (603003pennfierce3price.SH) Announcementpennfierce3priceIn 2023, Beijing Dahua International Certified Public Accountants (Special General Partnership) issued the "2023 Annual Audit Report" on which no opinions could be expressed and the internal control audit report with negative opinions. Based on the company's operating conditions and taking into account the company's external environment, the continued implementation of this employee stock ownership plan will be difficult to achieve the expected incentive purpose and effect, which will not be conducive to fully mobilizing the enthusiasm of the company's core employees. Based on the purpose of maintaining the stability of the internal core team and ensuring the stability of the company's operations, and better safeguarding the interests of the company, shareholders and employees, the company has decided to terminate the implementation of the 2023 employee stock ownership plan in accordance with the "Guiding Opinions on Listed Companies Implementing the Pilot Program of Employee Stock Ownership Plans" and "Self-discipline Supervision of Listed Companies on the Shanghai Stock Exchange" and other relevant regulations, after careful consideration.