According to the Zhitong Finance App, Wuhan Holdings (600168.SH) announced that on November 1, 2023, the company received the “Decision of the Hubei Securities Regulatory Bureau on Ordering Corrective Measures against Wuhan Sanzhen Industrial Holdings Co., Ltd., Cao Ming, Li Lei, and Li Kai” issued by the Hubei Regulatory Bureau of the China Securities Regulatory Commission.

After investigation, the company had the following irregularities: first, the disclosure of accounting error corrections was inaccurate; second, the disclosure of the 2022 annual report was inaccurate; and third, related transactions failed to fulfill interim reporting obligations and review procedures in a timely manner. The above acts of the company violate relevant regulations; Cao Ming, as the company's chairman and general manager, Li Lei as the company's financial director, and Li Kai, as the company's board secretary, failed to fulfill the obligation of diligence and due diligence in accordance with the regulations, and bears the main responsibility for the company's irregularities. The Hubei Securities Regulatory Bureau decided to take administrative supervision measures to order corrections against the company and the above personnel.