According to the Zhizhuo Finance APP, Xiaoming Co., Ltd. (300967.SZ) announced that on December 30, 2024, it received a warning letter from the Ningxia Regulatory Bureau of the China Securities Regulatory Commission regarding administrative supervision measures against Ningxia Xiaoming Agricultural and Animal Husbandry Co., Ltd. and Du Jianfeng.

The company should have accrued inventory impairment provision for the end of June by no later than July 30, 2023, in the amount of 12.968 million yuan, but this was only disclosed when the semi-annual report was released on August 31, 2023. The above situation violated Article 3, Paragraph 1, Article 22, Paragraphs 1 and 2, Item (3) of the Administrative Measures for the Information Disclosure of Listed Companies. The company's Board of Directors secretary Du Jianfeng failed to perform his diligent responsibilities in accordance with the provisions of Article 4 and Article 51, Paragraph 2 of the Management Measures and bears primary responsibility for the above violations.