KLES(SZ:301314) Zhong Guo Jing Ying Bao·2025-11-28 00:08Core Viewpoint - The company Korys (301314.SZ) has received a regulatory letter due to multiple violations, including improper disclosure of related party transactions and irregularities in the management and use of raised funds [1][3]. Summary by Category Related Party Transactions - Korys failed to properly disclose related party transactions, particularly regarding the leasing of factory premises from related parties from May 2018 to December 2024, which was not disclosed until the 2024 annual report [1][2]. - In the 2023 annual report, Korys disclosed related party transactions with Zhuhai Bojie Electronics Co., Ltd. (002975.SZ) but did not fully disclose transactions with its subsidiaries [2]. - The reported sales amount with Zhuhai Bojie was approximately 1.65 million yuan, an increase from approximately 1.00 million yuan in the previous period [2]. Fundraising Management and Use - Korys exhibited irregularities in the management and use of raised funds, with two fundraising projects being improperly accounted for in the same building, leading to discrepancies in reported project progress [3]. - As of June 30, 2025, the cumulative investment in the "High-end Fully Automatic Precision Magnetic Component Winding Equipment Technology Upgrade and Expansion Project" was approximately 125 million yuan, while the "Innovation R&D Center Project" received about 34.91 million yuan, with both projects not yet generating economic benefits [3]. Insider Information Management - Korys has been found to have inadequate management of insider information, lacking detailed records of personnel involved in significant matters and incomplete registration of insider information in the 2023 and 2024 annual reports [4]. - The company did not timely document and manage insider information during the planning of stock incentive matters, leading to regulatory actions requiring corrective measures [4].