KLES(SZ:301314) Zhong Guo Jing Ji Wang·2025-11-26 08:44Core Points - The company Koresys (301314.SZ) received an administrative regulatory decision from the Guangdong Securities Regulatory Bureau due to several violations [1][4] Group 1: Violations Identified - Koresys had issues with the calculation of accounts receivable aging, failing to continuously calculate and assess expected credit losses after converting accounts receivable to commercial acceptance bills [2] - The company did not properly disclose related party transactions, including failing to disclose a lease agreement with a related party and inconsistencies in reported sales figures [2][5] - There were irregularities in the management and use of raised funds, with costs for two fundraising projects improperly allocated, leading to discrepancies in reported project progress [3] - The management of insider information was found to be non-compliant, with incomplete records of insider registries and lack of timely documentation for stock incentive plans [4] Group 2: Regulatory Actions - The company was ordered to rectify its violations, and key executives, including the chairman and financial director, received warning letters for their responsibilities in these issues [4][5] - The Shenzhen Stock Exchange issued a regulatory letter to Koresys and the responsible individuals, highlighting the breaches of the listing rules [4][5] Group 3: Company Background - Koresys went public on March 28, 2023, issuing 10,625,000 shares at a price of 63.78 yuan per share, raising a total of approximately 67.77 million yuan [6] - The company experienced a significant drop in stock price after its initial public offering, currently trading below its issue price [6] - In 2022, Koresys announced a dividend distribution plan, distributing 14 yuan per 10 shares and increasing its total share capital from 42.5 million to 55.25 million shares [7]