Sou Hu Cai Jing·2025-10-28 03:50Core Points - The company received an administrative regulatory decision from the Gansu Securities Regulatory Bureau regarding governance issues related to salary and compensation approvals, indicating a lack of independence in decision-making [1][2] - The decision highlights that the company’s actions violated the Corporate Governance Code (2018 Revision) [1][2] - The chairman and former chairman of the company are held primarily responsible for the identified issues [1][2] Summary by Sections Administrative Regulatory Decision - The Gansu Securities Regulatory Bureau conducted an on-site inspection and found that salary and compensation matters required approval from the controlling shareholder, leading to insufficient independence in governance [1][2] - The company is required to improve its governance standards and ensure independence, submitting a written rectification report within 30 days [2] Responsibilities and Actions - The company and relevant personnel are taking the regulatory measures seriously and will summarize and rectify the issues as per legal requirements [2] - The company plans to enhance its understanding of relevant laws and regulations to improve information disclosure quality and operational standards [2] Impact on Operations - The administrative regulatory measures will not affect the company's normal production and operational activities [3]