Guizhou Wire Rope (600992.SH) announced that the company recently received the supervision of the Guizhou Regulatory Bureau of the China Securities Regulatory Commission...
Finance and Economics APP report, Guizhou Wire Rope (600992.SH) announcement, the company recently received the "Decision on Ordering Guizhou Wire Rope Co., Ltd. to Corrective Measures" (No. 37 of 2024) and the "Decision on the Regulatory Interview with Ma Xianhong, Yang Cheng, and Wei Yong" (No. 38 of 2024) issued by the Guizhou Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Guizhou Securities Regulatory Bureau"). Below is the announcement of the relevant content:
Administrative Regulatory Measures Decision No. 37 of 2024 main content: Guizhou Wire Rope Co., Ltd.: Upon investigation, Guizhou Wire Rope Co., Ltd. (referred to as the company) was found to have accounting irregularities in construction in progress, leading to inaccurate disclosure of the 2023 annual report and 2024 semi-annual report. The above behavior violates Article 3, Paragraph 1 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182). In accordance with Article 52 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182), our bureau has decided to take administrative regulatory measures of ordering your company to correct it and to record it in the securities and futures market integrity file.
Administrative Regulatory Measures Decision No. 38 of 2024 main content: Ma Xianhong, Yang Cheng, Wei Yong: Upon investigation, Guizhou Wire Rope Co., Ltd. (referred to as the company) was found to have accounting irregularities in construction in progress, leading to inaccurate disclosure of the 2023 annual report and 2024 semi-annual report. The above behavior violates Article 3, Paragraph 1 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182). Company Chairman Ma Xianhong, General Manager Yang Cheng, and Chief Accountant Wei Yong failed to fulfill their duties diligently, in violation of Article 4 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182). According to Article 51, Paragraph 3 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182), you are primarily responsible for the company's above behavior. In accordance with Article 52 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182), our bureau has decided to take administrative regulatory measures of conducting regulatory interviews with you and to record it in the securities and futures market integrity file. Please bring valid identification documents to our bureau for the regulatory interview as required.