Guandian Defense(SH:688287) Zhong Guo Jing Ying Bao·2025-07-29 14:57Core Viewpoint - *ST Guandian has released a rectification report in response to regulatory warnings regarding non-operating fund occupation by its actual controller, inadequate information disclosure, and internal control failures [2][3][7] Summary by Relevant Sections Regulatory Actions - The company received a regulatory warning letter for fabricating accounts payable and providing financing to other companies through factoring, resulting in a bank deduction of 143 million yuan from December 2024 to April 2025 [3][7] - The actual controller, Gao Ming, acknowledged the non-operating fund occupation, with an outstanding balance of 96.9472 million yuan yet to be repaid [3][7] Financial Issues - As of the latest reports, the company has a total of 161 million yuan related to factoring activities, with the actual controller promising to recover funds from other companies involved [4][7] - The company has faced significant financial discrepancies, including a 139 million yuan overstatement of bank deposits in its 2022 annual report due to improper accounting practices [7] Rectification Measures - In the rectification report, *ST Guandian proposed several measures, including the establishment of online banking and alert functions for special accounts to monitor fund movements [5][8] - The actual controller has committed to repaying the non-operating funds by October 31, 2025, using self-raised funds [5][6] Governance Improvements - Following the penalties, the company has revised or established new governance policies, including measures to prevent fund occupation by the controlling shareholder and related parties [7][8] - The company aims to enhance internal controls and compliance with relevant laws and regulations, ensuring that similar issues do not recur in the future [8]