Zhixin Finance App News, ST Xianfeng (300163.SZ) announced that the company, Chairman Xiong Jun, General Manager Lu Xianfeng, CFO Ye Linling, and board secretary Ling Sai have received a decision from the China Securities Regulatory Commission Ningbo Regulatory Bureau ("Ningbo Securities Regulatory Bureau") to issue a warning letter to Ningbo Xianfeng New Materials Co., Ltd., Xiong Jun, Lu Xianfeng, Ye Linling, and Ling Sai.

On January 30, 2024, the company disclosed the "2023 Performance Forecast", which is expected to have a net income attributable to shareholders of the listed company (hereinafter referred to as net income) of -4.8793 million yuan to -9.7553 million yuan in 2023. On April 24, the company disclosed the "2023 Performance Forecast Revision Announcement", revising the expected net profit for 2023 to -94.6845 million yuan to -104.6513 million yuan. On April 30, the company disclosed the "2023 Annual Report", and the audited net income for 2023 was -99.5862 million yuan. The predicted net profit disclosed in the company's performance forecast is inaccurate, and there is a significant difference from the audited net profit disclosed in the annual report, and it was not updated in a timely manner.

The announcement shows that the company's above behavior violates relevant regulations. Chairman Xiong Jun, General Manager Lu Xianfeng, CFO Ye Linling, and board secretary Ling Sai did not fulfill their obligations faithfully and diligently according to regulations, and are mainly responsible for the above-mentioned illegal acts of the company. According to the regulations, the Ningbo Securities Regulatory Bureau has decided to take administrative supervision measures to issue a warning letter to the company and the above-mentioned relevant personnel.