ST GUANDIAN and related personnel received the administrative regulatory measures decision letter from the Beijing Securities Regulatory Bureau
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ST GUANDIAN received the administrative supervision measures decision from the Beijing Securities Regulatory Bureau due to the company's violations, including the fabrication of accounts payable and failure to timely disclose fund occupation. The actual controller Gao Ming and several executives were ordered to rectify and were warned for failing to perform their duties and falsifying documents. There are significant defects in corporate governance and financial control, violating relevant information disclosure management regulations
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