SENSTEED and related personnel received a warning letter from the Gansu Regulatory Bureau of the China Securities Regulatory Commission
SENSTEED received a warning letter from the Gansu Regulatory Bureau of the China Securities Regulatory Commission on October 31, 2025. The company was found to have errors in its financial data disclosure for the first three quarters of 2024, violating the Information Disclosure Management Measures. The then Chairman Ye Ji and Chief Financial Officer Lu Yan bear primary responsibility for this. In addition, the company also failed to complete its share repurchase plan, constituting a violation
According to the Zhitong Finance APP, SENSTEED (000981.SZ) announced that on October 31, 2025, it received a warning letter from the Gansu Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as "Gansu CSRC") regarding the decision to issue a warning letter to SENSTEED and its personnel Ye Ji and Lu Yan. The relevant situation is announced as follows:
On April 29, 2025, the company disclosed the "Announcement on the Correction of Accounting Errors and Retrospective Adjustments for the First Three Quarters of 2024," correcting the relevant financial data for the first three quarters of 2024, which reflected inaccuracies in the consolidated balance sheet and consolidated income statement for the first quarter, half-year, and third quarter of 2024. The company's actions violated Article 3, Paragraph 1 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182). The then Chairman and President Ye Ji and the then Chief Financial Officer Lu Yan failed to perform their duties diligently and bear primary responsibility for the violations, violating Article 4 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182).
On July 25, 2024, the company's board of directors approved the "Proposal on the Share Repurchase Plan," planning to use self-owned or self-raised funds of 600 million to 1 billion yuan to repurchase company shares within six months from the date of board approval. On January 24, 2025, the board of directors approved the "Proposal to Extend the Share Repurchase Period," extending the repurchase period by six months to July 24, 2025. On July 26, 2025, the company disclosed the "Announcement on the Results of Share Repurchase and Changes in Shares," stating that during the repurchase period, a total of 4.8331 million shares were repurchased, with a repurchase amount of 11.0148 million yuan. The repurchase amount accounted for only 1.8% of the lower limit of the repurchase plan, and the repurchase was not completed, constituting a violation of Article 37 of the "Rules on Share Repurchase of Listed Companies" (CSRC Announcement [2023] No. 63).
According to Article 170, Paragraph 2 of the Securities Law of the People's Republic of China, Article 52 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182), and Article 37 of the "Rules on Share Repurchase of Listed Companies" (CSRC Announcement [2023] No. 63), the Gansu CSRC decided to take administrative regulatory measures against the company and relevant personnel by issuing a warning letter, which will be recorded in the integrity file of the securities and futures market
