According to the Zhitong Finance App, *ST Quanxin (000007.SZ) issued an announcement. The company received the “Decision on Administrative Supervision Measures” issued by the China Securities Regulatory Commission and the Shenzhen Regulatory Bureau (“Shenzhen Securities Regulatory Bureau”) on November 20, 2023. The relevant situation is as follows:

(1) The disclosure of information on the 2022 performance forecast is inaccurate. On January 19, 2023, the company disclosed the “2022 Annual Performance Forecast”. The estimated net profit attributable to shareholders of listed companies (hereinafter referred to as net profit) and the audited net profit in the “2022 Annual Report” disclosed on April 29, 2023 is quite different, and the nature of profit and loss has changed. At the same time, due to the inaccuracy of the above performance forecast data, the company did not promptly alert the company to the risk that the company's stock might be subject to a delisting risk warning.

(2) The disclosure of information in the 2021 annual report is inaccurate. On April 29, 2023, the company disclosed the “Notice on Correction of Prior Accounting Errors”, which retroactively adjusted the 2021 financial statements, and the disclosure of information in the 2021 annual report was inaccurate.

The above matters reflect the inaccurate disclosure of your company's information and violate the provisions of section 3 (1) of the “Administrative Measures on Information Disclosure of Listed Companies” (Order No. 182 of the Securities Regulatory Commission, same below). The company's chairman Huang Guoming, general manager Lu Bo, and financial director Chen Gui bear the main responsibility for the above matters. According to the provisions of Article 51 (3) and Article 52 of the “Administrative Measures on Information Disclosure of Listed Companies”, the Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures by issuing warning letters against the company, Huang Guoming, Lu Bo, and Chen Gui.