Smartgiant(SH:688115) Zhong Guo Jing Ji Wang·2025-12-10 07:25Core Viewpoint - The Guangdong Securities Regulatory Bureau has imposed corrective measures on Guangzhou Silin Jie Technology Co., Ltd. for violations related to inaccurate information disclosure and improper use of raised funds [1][3][12]. Group 1: Information Disclosure Issues - The actual controller and chairman, Zhou Maolin, along with the general manager and director, Liu Yang, failed to disclose that they held a total of 1.32% of the company's shares on behalf of others, leading to inaccuracies in the company's annual reports [1][4][5]. - Zhou and Liu's concealment of the shareholding arrangement violates the regulations set forth in the Information Disclosure Management Measures [1][3][5]. Group 2: Fundraising and Usage Irregularities - The company misused raised funds beyond the purposes outlined in the prospectus, including using funds for non-project personnel salaries without proper approval [2][9]. - There were irregularities in the storage of raised funds, with excess funds being used for operational costs, violating third-party custody agreements [2][10]. Group 3: Regulatory Actions and Consequences - The Guangdong Securities Regulatory Bureau has mandated corrective actions and issued warning letters to Zhou Maolin, Liu Yang, and other responsible parties, which will be recorded in the securities market integrity archives [3][10][12]. - The Shanghai Stock Exchange has also criticized the company and its key personnel for these violations, emphasizing the importance of clear share ownership in the issuance review process [5][12][16].