Core Viewpoint - The recent quarterly report of Reliable Co. for Q3 2025 has faced strong opposition from its second-largest shareholder, Bao Jia, who claims that the report conceals significant issues, including the bankruptcy of investment projects and the alleged holding of supplier shares by the actual controller [1][3]. Group 1: Shareholder Dispute - Bao Jia, the second-largest shareholder, has raised concerns about the company's Q3 report, alleging that it intentionally hides critical information regarding investment failures and the actual controller's actions [1][3]. - The ownership structure shows that Jin Liwei holds 30.13% of the shares, while Bao Jia holds 29.13%, making them the first and second largest shareholders, respectively [1][3]. - Bao Jia claims that her seven objections to the report were significantly altered, with five being deleted and the remaining two adjusted, which she considers a violation of regulations [1][3]. Group 2: Company Response - The investor relations department of Reliable Co. stated that the company adheres to relevant regulations and has followed proper decision-making and disclosure procedures [2][4]. - The company emphasized that the hiring of its executive team complies with the Company Law and internal governance rules, asserting that its governance structure is effective [2][4]. - In August, Reliable Co. received a warning from the Zhejiang Securities Regulatory Bureau for issues related to information disclosure in an associated transaction, which the company claims to have addressed promptly [2][4].
董事指控可靠股份三季报存信披缺失、反对意见被篡改等问题，官方最新回应