ST GUANDIAN and related personnel received the administrative regulatory measures decision letter from the Beijing Securities Regulatory Bureau
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
According to the announcement from Zhitong Finance APP, *ST Guandian (688287.SH) announced that on July 7, 2025, it received a decision from the Beijing Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Beijing CSRC") regarding the order for Guandian Defense Technology Co., Ltd. and Gao Ming to rectify, and the issuance of warning letters to Li Zhenbing, Liu Ya'en, Wang Yan, Cheng Yu, and Li Xuming [2025] No. 127.
After investigation, the company has the following issues: 1. The company fabricated accounts payable and provided financing convenience to other companies in the form of factoring business, resulting in the bank deducting funds from the company's account amounting to 142.5147 million yuan from December 2024 to April 2025. The actual controller Gao Ming admitted to occupying non-operating funds of the company, with an outstanding balance of 96.9472 million yuan that has not been repaid to date. The company disclosed the above violations in its 2024 annual report but failed to timely disclose the fund occupation that occurred from December 2024 to April 9, 2025. 2. The company's governance and checks and balances mechanism is inadequate, and there are significant defects in internal controls related to finance. The financial director did not actually perform the corresponding duties, and the actual controller Gao Ming arranged for the forgery of bank confirmation letters, bank statements, etc.
The above actions of the company violate Article 3 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182) and Articles 2 and 5 of the "Regulatory Requirements for Fund Transactions and External Guarantees of Listed Companies - Regulatory Guidelines No. 8" (CSRC Announcement [2022] No. 26). Gao Ming, as the actual controller, chairman, and then-general manager of the company, Li Zhenbing as the then-general manager and board secretary, Wang Yan and Liu Ya'en as the then-financial responsible persons, Cheng Yu as the general manager, and Li Xuming as the board secretary are responsible for the company's above violations
