贵州赤天化股份有限公司关于收到贵州证监局责令改正措施决定书的公告

Core Viewpoint - Guizhou Chitianhua Co., Ltd. received an administrative regulatory decision from the Guizhou Securities Regulatory Bureau, requiring corrective measures due to unreasonable bad debt provision policies that failed to adequately reflect credit risks associated with long-term receivables [1][2]. Group 1: Regulatory Actions - The company was found to have insufficient and imprudent provisions for bad debts, violating relevant accounting standards [1][2]. - The chairman and general manager, Ding Linhong, was held primarily responsible for failing to fulfill due diligence obligations, leading to inaccurate financial disclosures [2]. - The Guizhou Securities Regulatory Bureau mandated the company to submit a written rectification report within 15 working days and imposed a regulatory conversation on Ding Linhong [2]. Group 2: Company Response - The company plans to strictly adhere to legal regulations and the requirements of the Guizhou Securities Regulatory Bureau for rectification [2]. - There will be an emphasis on enhancing financial accounting supervision, training for financial personnel, and improving the quality of financial information checks [2]. - The company aims to strengthen governance and internal management to protect the legitimate interests of the company and all shareholders [2]. Group 3: Operational Impact - The administrative regulatory measures will not affect the company's normal production and operational activities [3].