Metersbonwe and related personnel received a warning letter from the Shanghai Securities Regulatory Bureau

According to the news from Zhitong Finance APP, Metersbonwe (002269.SZ) announced that the company, along with its chairman and general manager Mr. Zhou Chengjian and financial director Ms. Li Ying, received an administrative regulatory measure decision from the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as "Shanghai Securities Regulatory Bureau") on December 20, 2024, titled "Decision on the Issuance of Warning Letters to Shanghai Metersbonwe Fashion Co., Ltd., Zhou Chengjian, and Li Ying."

Upon investigation, the company was found to have the following violations: The subsidiary of Metersbonwe, Shanghai Kusheng Fashion Co., Ltd., owns three buildings located at No. 800 Kangqiao East Road, Shanghai, with a total area of 32,202.84 square meters. In the 2023 annual report, the company accounted for the aforementioned properties as investment properties. It was found that 422 square meters of this area was still being used for the operation of the company's brand direct-operated store at the end of 2023 and was not leased out until September 2024, resulting in the overall property at No. 800 Kangqiao East Road not meeting the recognition conditions stipulated in Article 2 and Article 4 of "Accounting Standards for Enterprises No. 3 - Investment Properties" at the end of 2023. The recognition of investment properties in the company's 2023 annual report was inaccurate, violating the provisions of Article 3, Paragraph 1 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182).

In accordance with Item 3 of Article 52 of the "Administrative Measures for Information Disclosure of Listed Companies," the Shanghai Securities Regulatory Bureau decided to issue a warning letter to Metersbonwe. Chairman and General Manager Zhou Chengjian bears primary responsibility for the company's aforementioned actions, violating the provisions of Article 4 of the "Administrative Measures for Information Disclosure of Listed Companies." Based on Paragraphs 1, 3 of Article 51 and Item 3 of Article 52 of the "Administrative Measures for Information Disclosure of Listed Companies," the Shanghai Securities Regulatory Bureau decided to issue a warning letter to Zhou Chengjian. Financial Director Li Ying also bears primary responsibility for the company's aforementioned actions, violating the provisions of Article 4 of the "Administrative Measures for Information Disclosure of Listed Companies." Based on Paragraphs 1, 3 of Article 51 and Item 3 of Article 52 of the "Administrative Measures for Information Disclosure of Listed Companies," the Shanghai Securities Regulatory Bureau decided to issue a warning letter to Li Ying