Shang Hai Zheng Quan Bao·2025-11-25 18:07Core Viewpoint - The company has received an administrative regulatory decision from the Gansu Securities Regulatory Bureau, requiring it to rectify issues related to governance and decision-making processes to enhance its independence and compliance with regulations [1][2]. Summary by Sections Overall Rectification Arrangement - The company has established a comprehensive plan to address the issues raised in the regulatory decision, emphasizing adherence to laws, regulations, and internal systems while enhancing governance and protecting investor rights [2]. Issues Identified and Rectification Measures - Identified Issues: The company has been found to have insufficient independence due to salary and compensation matters being approved by the controlling shareholder instead of through internal decision-making processes, violating governance standards [3]. - Rectification Measures: 1. Decision-Making Procedures: The company has clarified the boundaries of authority between the controlling shareholder and itself, ensuring that decisions regarding executive compensation are made through proper board and shareholder meetings [4]. 2. Regulatory Learning: The company is committed to enhancing its governance by reinforcing legal and regulatory education among its management and board members, ensuring compliance awareness [5][6]. 3. Internal Control System: The company will strengthen its internal control framework and compliance oversight, including regular audits and the establishment of a robust internal audit function [7]. Rectification Status - Responsibility: The rectification efforts are overseen by key executives including the chairman, general manager, and finance director [8]. - Completion: The company has reported that all rectification measures have been completed [9]. - Future Plans: The company will maintain a commitment to standardized governance practices and ensure compliance with relevant regulations in future decision-making processes [9]. Rectification Summary - The regulatory inspection has provided significant guidance for improving the company's governance standards, prompting a commitment to ongoing legal education and diligent performance by key personnel to ensure sustainable development and investor protection [10].