On December 25, Gelonghui reported that Shanghai Metersbonwe Fashion & Accessories (002269.SZ) fell over 6%, reaching 2.02 yuan, with a total market value of less than 5.1 billion yuan; in the last seven trading days, the stock has cumulatively declined over 31%. Shanghai Metersbonwe Fashion & Accessories received a regulatory letter from the Shenzhen Stock Exchange, stating that the company has the following violations: the subsidiary Shanghai Kusheng Fashion Co., Ltd. has three buildings at No. 800 Kangqiao East Road, Shanghai, with a property certificate area of 32,202.84 square meters, and the company accounted for the entire property as investment real estate in its 2023 annual report. It was found that 422 square meters were still being used for the operation of the company's branded directly-operated stores as of the end of 2023, until they are rented out in September 2024, resulting in the overall property at No. 800 Kangqiao East Road not meeting the recognition criteria at the end of 2023. The recognition of investment real estate in the company's 2023 annual report was inaccurate, violating relevant regulations. The Chairman and General Manager Zhou Chengjian and the Chief Financial Officer Li Ying bear primary responsibility for the above violations, which also contravene relevant regulations.