002397被责令改正，三高管收警示函

Core Viewpoint - Mengjie Co., Ltd. has received regulatory measures from Hunan Securities Regulatory Bureau due to violations related to financial management and disclosure practices, which include improper revenue recognition and financial assistance to third parties [1][3][4]. Summary by Sections Regulatory Actions - Hunan Securities Regulatory Bureau has issued a decision to Mengjie Co., Ltd. to rectify its practices and has provided warning letters to key executives including Chairman Jiang Tianwu, General Manager Tu Yunhua, and CFO Li Yunlong [1][4]. - The company is required to complete rectification within three months and submit a written report within 15 working days after completion [4]. Violations Identified - Two major violations were identified: 1. Improper revenue and cost recognition for direct sales from 2022 to 2024, including issues with sales rebates and employee compensation [3][4]. 2. Financial assistance provided to a third party, with outstanding loans amounting to 63.3763 million yuan as of September 30, 2023, and a failure to pursue repayment [4]. Shareholding Changes - As of August 11, 2025, Mengjie Co., Ltd. will have no controlling shareholder or actual controller, with Jiang Tianwu becoming the largest shareholder with 13.52% voting rights [5][7]. - The previous agreement with Changsha Jinsen, which allowed for shared voting rights, will be terminated, leading to a more dispersed shareholding structure [6][7]. Recent Share Transfer Agreements - Shareholder Wu Jing has signed a supplementary agreement to transfer 10.65% of shares to Qingyun Digital Technology, with a total transaction value of approximately 230 million yuan [9][10]. - The transfer will not change the control of the company, and the transaction is subject to compliance review by the Shenzhen Stock Exchange [10].