Zhitong Finance App News, Covetech (688788.SH) announced that the company recently received the “Decision on Measures Issuing Warning Letters against Shenzhen COSMOS Technology Co., Ltd., Liu Jiande, and Zhuang Lihua” (“Warning Letter”) issued by the Shenzhen Securities Regulatory Bureau (“Shenzhen Securities Regulatory Bureau”) of the China Securities Regulatory Commission.

After investigation, the company did not fulfill the obligation to separately announce the large amount of impairment due in 2022. The 2021 Results Report insider's information file omitted to register legally informed personnel, which did not comply with relevant regulations. The above situation shows that the company has problems with information disclosure and insider information management. Liu Jiande, the chairman of the company, is mainly responsible for the above issues, and Zhuang Lihua, the director at the time, is mainly responsible for information disclosure issues. The Shenzhen Securities Regulatory Bureau decided to take supervisory measures to issue a warning letter against the company, Liu Jiande, and Zhuang Lihua.