Listed company funds misappropriated? *ST KNT board reports to the police

At the beginning of July this year, *ST KNT faced regulatory inquiries due to several related traders suspected of becoming channels for the occupation of funds by related parties, and the risk of the company's funds being occupied by related parties. It has been over a month since receiving the regulatory inquiry letter, and *ST KNT's response is still incomplete. Recently, reporters learned that there are significant disagreements among board members regarding the response to the inquiry letter. Liu Ruiming, a new board member, pointed out that the company's management has a weak awareness of the rule of law and insufficient verification. Three independent directors also voted against, believing that the response is contradictory and inconsistent with the company's annual report. In addition, the independent directors expressed dissatisfaction with the explanation regarding the issue of fund occupation. A director has already reported to the police, alleging that relevant individuals are suspected of misappropriating funds, and the case has been accepted. (Everyday Economic News)