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历时三年终摘星,ST长方浴火重生

Core Viewpoint - The company, *ST Changfang, has successfully resolved previous audit issues and removed the delisting risk warning, indicating a positive turnaround in its management and operations [1][2]. Group 1: Company Background and Issues - In 2020 and 2021, the subsidiary Kangmingsheng's original management team inflated profits and accounts receivable through undisclosed sales rebates [1]. - The company faced delisting risk warnings due to negative audit reports for the fiscal year 2021 and internal control issues [1]. - In August 2022, the company took over Kangmingsheng and initiated improvements in internal controls, removing the original management team to ensure compliance and stability [1]. Group 2: Remediation and Current Status - By April 2023, the audit firm Zhongxing Caiguanghua confirmed that the issues from the 2021 audit report had been resolved, leading to the application for the removal of the delisting risk warning [2]. - In April 2024, the company received a clean internal control audit report for 2023, further solidifying its compliance status [2]. - The original management team responsible for the issues has been dismissed, and the company has received a formal conclusion on its information disclosure violations [2]. Group 3: Future Outlook - The company plans to implement equity incentives for core personnel by the end of 2024 to enhance management and performance [3]. - It aims to explore various merger and acquisition opportunities while improving operational standards and performance [3]. - The company anticipates leveraging its newly regained status to advance its development and provide returns to investors and society [3].