TIK received the administrative regulatory measures decision from the Hunan Securities Regulatory Bureau
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TIK recently received a decision on administrative regulatory measures from the Hunan Securities Regulatory Bureau for failing to disclose related party transactions with its controlling shareholder and for not prudently accruing inventory impairment provisions. Specific issues include undisclosed joint investments with Hunan Broadcasting and Television Group from 2021 to 2024, as well as the subsidiary Huafengda's failure to prudently accrue impairment provisions for film inventory
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