WZJT(SH:600368) Shang Hai Zheng Quan Bao·2025-11-20 19:14Core Viewpoint - Guangxi Wuzhou Transportation Co., Ltd. has received administrative regulatory measures from the Guangxi Securities Regulatory Bureau due to issues related to accounting irregularities and failure to fulfill obligations regarding the integrity records of proposed directors and senior management [1][2][3] Group 1: Regulatory Findings - The company has been found to have non-compliant accounting practices, specifically in the recognition of revenue from its commercial operations between 2022 and 2024, leading to inaccurate financial reporting [1][4] - The company failed to conduct integrity record checks for proposed directors and senior management during the same period, violating relevant regulations [2][4] Group 2: Required Actions - The company is mandated to enhance the legal and regulatory training for all directors and senior management to improve their performance and compliance with information disclosure and internal control [2][5] - The company must strengthen its financial accounting practices to ensure the quality of financial reporting and rectify the identified issues within 30 days of receiving the regulatory decision [2][5] Group 3: Accountability - The former chairman, general manager, and chief accountant of the company are held primarily responsible for the violations and are subject to regulatory discussions [3][4] - The company acknowledges the issues raised and commits to a thorough review and improvement of its compliance with relevant laws and regulations [5][6]