Zhitong Finance App News, *ST Mingcheng (600136.SH) announced that the company recently received the China Securities Regulatory Commission's Hubei Regulatory Bureau (“Hubei Securities Regulatory Bureau”) administrative supervision measures decision “Decision on Issuing Warning Letter Measures against Wuhan Contemporary Mingcheng Culture and Sports Group Co., Ltd.” (“Warning Letter”).

After investigation, the company had the following illegal facts: illegal facts relating to the disclosure of information on important matters: failure to disclose guarantee matters in accordance with regulations; failure to disclose the company's major lawsuits and arbitration matters; failure to disclose daily related transactions in accordance with regulations. Facts about irregularities in the disclosure of financial information: the disclosure of information on foreign financing is inaccurate; disclosure of financial information on income, impairment, etc. is inaccurate. The company did not cancel the repurchase of shares in a timely manner in accordance with regulations. The above actions of the company violated the relevant regulations, and the Hubei Securities Regulatory Bureau decided to take administrative supervision measures against the company by issuing a warning letter.