Zhitong Finance App News, *ST Yinjiang (300020.SZ) announced that on May 24, 2024, the company and relevant responsible personnel received the administrative supervision measures decision “Decision on Issuing Warning Letter Measures against Yinjiang Technology Co., Ltd. and related responsible personnel” ([2024] No. 87) (“Warning Letter”) issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission (“Zhejiang Securities Regulatory Bureau”).

Yinjiang Technology Co., Ltd., Wang Teng, Han Zhenxing, Ren Gangyao, Wu Mengli: According to the “2023 Annual Report” disclosed by Yinjiang Technology Co., Ltd. (Company for short) on April 30, 2024, the company's net profit attributable to shareholders of listed companies in 2023 was a loss of 23,395.1 million yuan, and the company did not promptly disclose the 2023 annual results forecast in accordance with regulations.

The above acts of the company violate section 3 of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182). The company's chairman Wang Teng, general manager Han Zhenxing, financial director Ren Gangyao, and board secretary Wu Mengli violated the provisions of sections 4 and 51 of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182) and are mainly responsible for these irregularities. According to Article 52 of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182), our bureau decided to take supervisory and administrative measures to issue separate warning letters against you and record them in the securities and futures market integrity file. You should carefully learn lessons, strengthen your study of securities laws and regulations, strictly implement financial and accounting management systems, improve the company's standardized operation level and quality of information disclosure, and submit a written report to our bureau within 10 working days from the date of receipt of this decision.