According to the Zhitoong Finance APP, ST Guandian (688287.SH) announced that the company received a regulatory letter from the Shanghai Stock Exchange regarding the factoring business of Guandian Defense Technology Co., Ltd. on November 18, 2024. In light of the company's existence of factoring business without commercial substance, there is a potential payment liability amounting to 0.161 billion yuan, for which the Shanghai Stock Exchange has raised regulatory requirements:

1. The company and the continuous supervision institutions must verify the use of funds related to the factoring business and the actual flow of funds, check whether the related funds have flowed to the company's related parties, and whether it constitutes non-operational fund occupation by related parties, fully assess the potential impact of related matters on the listed company, timely disclose risks, and fulfill disclosure obligations in accordance with regulations.

2. All directors, supervisors, and senior management of the company should diligently fulfill their responsibilities, improve internal control procedures, safeguard the safety of the company's funds and assets, enhance risk control mechanisms, and take practical and effective measures to ensure that the interests of the listed company are not harmed.

3. The company, actual controller, and related parties should conduct a self-inspection, verifying whether there were prior instances of untimely information disclosure based on previous self-inspection work and the timing of the above matters' discovery.

4. According to the company's announcement, the actual controller still has non-operational fund occupation of 39.1852 million yuan that has not been repaid. The actual controller should actively seek to repay the funds occupied by the company as soon as possible, fully repaying the non-operational fund occupation. All directors, supervisors, and senior management of the company should take effective measures to urge the actual controller to quickly repay the non-operational funds, thus safeguarding the interests of the listed company.