威力传动收到宁夏证监局行政监管措施决定书

Core Viewpoint - The company, Weili Transmission, has been subjected to administrative corrective measures by the Ningxia Securities Regulatory Bureau due to incomplete information disclosure and other internal control issues [1][2]. Group 1: Regulatory Actions - The Ningxia Securities Regulatory Bureau issued a decision to impose administrative corrective measures on Weili Transmission for incomplete information disclosure regarding a project investment agreement [1]. - The company failed to disclose key terms in its announcement dated September 23, 2023, which violated the regulations set forth in the Administrative Measures for Information Disclosure by Listed Companies [1]. - The regulatory measures also include administrative talks with the company's chairman, general manager, and board secretary, who are held primarily responsible for the issues [2]. Group 2: Identified Issues - The company has been found to have inadequate internal controls and insufficient provisions for bad debts related to accounts receivable [1]. - The issues reflect a lack of compliance in information disclosure, internal control, and financial accounting practices [1].