On July 10, BLT received a warning letter (No. [2026] 31 of Shaanxi Securities Regulatory Bureau Measures). The company was found to have invested idle raised funds in cash management with a maximum balance exceeding the amount approved by the board of directors, resulting in delayed review and disclosure of the cash management activities. This indicated deficiencies in the internal controls related to the management and use of raised funds, violating the "Regulatory Rules on the Management of Raised Funds by Listed Companies" and the "Administrative Measures for Information Disclosure by Listed Companies." The Shaanxi Securities Regulatory Bureau required the company to learn from its mistakes, strengthen the management of raised funds, and submit a written rectification report within 30 days from receipt of the decision. This administrative supervisory measure will not affect the company's daily operations or management.