又一退市股，整改！

Core Viewpoint - *ST Guandian has proposed corrective measures in response to the administrative penalty issued by the China Securities Regulatory Commission (CSRC) for significant internal control deficiencies and fraudulent activities [2][4]. Summary by Sections Issues Identified - The company was found to have fabricated accounts payable and provided financing conveniences to other companies through factoring, resulting in a bank deduction of 142.5147 million yuan from December 2024 to April 2025 [4]. - The actual controller, Gao Ming, acknowledged the non-operational occupation of funds amounting to an outstanding balance of 96.9472 million yuan [4]. - The company failed to timely disclose these violations in its 2024 annual report [4]. Corrective Measures - System Improvement: The company will revise its internal control and fund occupation prevention systems, establishing a multi-departmental consultation mechanism to enhance tracking of large fund movements [5]. - Financial Control: The financial director will be designated as the primary responsible person, with a system for reporting significant matters and internal accountability measures [5]. - Handling of Violations by Actual Controller: The company will strengthen internal management, regularly verify bank deposits with intermediaries, and conduct compliance education for the actual controller [5][6]. Information Disclosure - Monthly meetings will be organized for directors and supervisors to enhance training on information disclosure, and the company will improve its information disclosure management system [6][7]. Fund Occupation Repayment - The actual controller has committed to repaying the occupied funds and associated costs by October 31, 2025, calculated at the central bank's benchmark loan rate [6][10]. Long-term Mechanisms - The company aims to establish a long-term mechanism to prevent non-operational fund occupation by related parties, ensuring shareholder interests are protected [9][10]. - The company will enhance its internal audit functions and compliance training for management and financial personnel to prevent recurrence of similar issues [10][13]. Current Stock Performance - As of July 25, the stock price of *ST Guandian closed at 5.22 yuan per share, reflecting a decline over the past month [13].