Zhitong Financial APP News, 601519.SH) issued an announcement that the company and the company's Chief Financial Officer Chen Zhi recently received the "decision on issuing warning letter measures to Shanghai Da Wisdom Co., Ltd." (Shanghai Securities Supervisory decision [2023] 248and "decision on issuing warning letter measures to Chen Zhi" (Shanghai Securities Supervisory decision [2023] No. 249) issued by the Shanghai Securities Regulatory Commission.

After investigation, the company did not prudently recognize revenue in accordance with corporate accounting standards during 2022, resulting in inaccurate disclosure of total operating income and total operating cost in the first quarter report, semi-annual report and third quarter report in 2022. On April 12, 2023, the company released the notice on the Correction of previous Accounting errors to correct the above matters. The above acts violate the provisions of Article 3, paragraph 1, of the measures for the Administration of Information Disclosure of listed companies (revised in 2021) (CSRC order No. 182).

Chen Zhi, who has been the company's chief financial officer since March 2017, has failed to perform his duties diligently and is responsible for the above matters of the company, in violation of Article 4 of the measures for the Administration of Information Disclosure of listed companies (CSRC order No. 182).