Shang Hai Zheng Quan Bao·2026-01-13 18:23Core Viewpoint - The Shanghai Sinan Navigation Technology Co., Ltd. has successfully completed its initial public offering (IPO) of 15.54 million shares at a price of 50.50 RMB per share, with trading commencing on August 16, 2023 [1]. Group 1: Basic Information of the Company - The company is under the supervision of Guolian Minsheng Securities, which conducted a site inspection to ensure compliance with relevant regulations [1][2]. - The site inspection took place from January 4 to January 5, 2026, involving key personnel from the company and the underwriting institution [1][2]. Group 2: Governance and Internal Control - The company has established a comprehensive governance and internal control system, which has been effectively implemented during the continuous supervision period [3]. - The board of directors, supervisors, and senior management have fulfilled their responsibilities according to regulations, indicating good governance and operational conditions [3]. Group 3: Information Disclosure - The company has accurately and completely fulfilled its information disclosure obligations, with no instances of false records, misleading statements, or significant omissions during the continuous supervision period [4]. Group 4: Independence and Related Party Transactions - The company operates independently, with clear asset ownership and no violations regarding the occupation of company funds by related parties [4]. Group 5: Use of Raised Funds - The company has established a management system for raised funds and has adhered to necessary decision-making procedures and disclosure obligations, ensuring compliance with relevant laws and regulations [5]. Group 6: Related Transactions and Investments - The company has regulated decision-making processes and risk management for related transactions, external guarantees, and significant external investments, with no major violations or harm to minority shareholders' interests [6]. Group 7: Operational Status - The company's business model and governance have not undergone significant changes, and its overall operational status remains normal [7]. Group 8: Recommendations - The underwriting institution has advised the company to strengthen its understanding of relevant laws and regulations, improve governance structures, and ensure orderly progress in the use of raised funds [9].