Zongheng shares announcement, the company, Ren Bin, Liu Peng, and Li Xiaoyan received a warning letter from the sichuan securities regulatory bureau, indicating that the company had insufficient provision for some bad debts of accounts receivable and issues with recognizing revenue across periods. The sichuan securities regulatory bureau decided to take administrative regulatory measures by issuing a warning letter to the company, Ren Bin, Liu Peng, and Li Xiaoyan.
纵横股份：收到四川证监局行政监管措施决定书
Zongheng Shares: Received the administrative supervision measures decision of sichuan Securities Regulatory Bureau.
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