ComNav Technology (SH:688592) Zheng Quan Zhi Xing·2025-07-04 16:34Core Viewpoint - Shanghai Sinan Navigation Technology Co., Ltd. received a corrective order from the Shanghai Securities Regulatory Bureau, prompting the company to undertake a comprehensive self-examination and implement corrective measures to enhance information disclosure quality and internal controls [1][2]. Group 1: Corrective Measures - The company initiated a thorough review of the information in the 2024 annual report and the special report on the use of raised funds, identifying errors in production and sales analysis and misclassification in accounts receivable [2]. - Specific corrective actions include: - Strengthening training for departments involved in periodic report disclosures to enhance compliance and quality awareness [2]. - Improving the processes and systems for report preparation, review, and approval, including establishing an internal accountability system for disclosure errors [2]. - Enhancing cross-departmental collaboration mechanisms to ensure accurate and complete information disclosure [2]. Group 2: Summary and Ongoing Compliance - The corrective measures taken will not affect the company's normal production and operational activities, and the company is committed to adhering to relevant laws and regulations to improve operational standards and information disclosure quality [3]. - The company held a board meeting on July 4, 2025, to approve the amendments to the 2024 annual report and related announcements, with the corrective actions already completed [3].