3214万元IPO募资违规发放工资，东莞一企业被监管追责

Core Viewpoint - Dongguan Kaige Precision Machinery Co., Ltd. (referred to as "Kaige Precision") has been found to have violated regulations by the Guangdong Securities Regulatory Commission, resulting in a corrective order and a warning letter issued to the company and its executives [1][3]. Summary by Sections Regulatory Violations - Kaige Precision misused IPO fundraising by allocating approximately 32.14 million yuan for salary payments, which led to regulatory accountability [1]. - The company exceeded the planned salary payments for the "Research and Testing Center Project" by 26.91 million yuan, with actual salary payments amounting to 44.80 million yuan instead of the disclosed 17.89 million yuan [3]. - Additionally, the company improperly charged 5.23 million yuan in salaries for temporary staff and interns to the "Precision Intelligent Manufacturing Equipment Production Base Construction Project," which were unrelated to the project [5]. Management Accountability - The company's chairman, CEO, CFO, and board secretary were held primarily responsible for the violations due to their failure to fulfill due diligence obligations as per the regulations [5]. - The Guangdong Securities Regulatory Commission has mandated corrective measures for Kaige Precision and issued warning letters to the responsible executives [5]. Company Overview - Established in 2005, Kaige Precision specializes in the research, production, and sales of high-end precision automation equipment, with products used in various industries including consumer electronics, telecommunications, and aerospace [6]. - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in August 2022 [6]. - In the first half of 2025, Kaige Precision reported revenue of 454 million yuan, a year-on-year increase of 26.22%, and a net profit of 67.14 million yuan, reflecting a significant growth of 144.18% [6].