Zhitong Finance App News, *ST Meisheng (002699.SZ) issued an announcement. On January 18, 2024, the company received the “Decision on Issuing Warning Letter Measures against Meisheng Cultural and Creative Co., Ltd.” issued by the Zhejiang Regulatory Bureau (“Zhejiang Securities Regulatory Bureau”) of the China Securities Regulatory Commission. The details are as follows:

Recently, when the company bought back shares through centralized bidding, there was a situation where during the opening collective auction and continuous intraday bidding period it was commissioned and declared at a price limited by the daily transaction rate, in violation of section 30 of the “Listed Company Share Repurchase Rules” (Securities Regulatory Commission Notice [2023] No. 63).

According to the relevant provisions of Article 37 of the “Rules for the Repurchase of Shares of Listed Companies” (Securities Regulatory Commission Notice (2023) No. 63), the Zhejiang Securities Regulatory Bureau decided to take supervisory and administrative measures to issue a warning letter against the company and record it in the securities and futures market integrity file.