Matsushiba Co., Ltd. announced that the company recently received a “Warning Letter” issued by the Shanghai Securities Regulatory Bureau. After investigation, the company calculated asset impairment reserves of 29.8724 million yuan for the 2023 fiscal year, accounting for 29.92% of the net profit attributable to the owners of the parent company in the current period, accounting for 31.84% of the net profit attributable to the owners of the parent company in the most recent period (2022). The company did not disclose the large asset impairment provision through the interim report; it was only disclosed through the 2023 annual report. The Shanghai Securities Regulatory Bureau decided to take administrative supervision measures to issue warning letters against the company and chairman Chen Huanxiong, general manager Ji Ankang, and financial director and board secretary Chen Rui.