ST Busen: Issued a warning letter due to financial violations

Zhitong
2025.01.17 10:22

ST BUSEN announced that on January 17, 2025, it received a warning letter from the Zhejiang Securities Regulatory Bureau due to the disclosure in the 2023 annual report, which revealed that Wang Yazhu non-operationally occupied the listed company's funds amounting to 19.71 million yuan, as well as errors in the financial data of the periodic reports from 2019 to 2024. These actions violated the relevant provisions of the Information Disclosure Management Measures. The company and the responsible individuals, including Wang Chunjiang, Wang Yazhu, Li Xiaoling, and Kan Dong, have been subjected to regulatory measures including the issuance of a warning letter, which will be recorded in the integrity file of the securities and futures market. The company is required to submit a written report within 10 working days after receiving the warning letter and to strengthen the study of laws and regulations to ensure accurate information disclosure

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