梧桐树下V·2026-02-09 08:41Core Viewpoint - The article discusses regulatory warnings issued by the Shanghai Stock Exchange to Zhengfan Technology and Dema Technology for violations related to independent directors' attendance and other compliance issues [1][3][8]. Group 1: Zhengfan Technology Violations - Zhengfan Technology had a violation regarding the insufficient on-site working days of an independent director, with one director working less than 15 days in 2024, which does not comply with the Independent Director Management Measures [1][3]. - The company also faced issues with the management of its fundraising account, where 10 million yuan was mistakenly transferred to another account for payroll, indicating poor management practices [3]. Group 2: Dema Technology Violations - Dema Technology was warned for multiple violations, including the insufficient attendance of independent directors, with two directors working only 2 days and 11 days in 2024, failing to meet the required 15 days [1][8]. - The company misused fundraising by spending 5.8 million yuan on unrelated land fees and 3.9451 million yuan on non-project expenses, which were later returned to the fundraising account [8][9]. - There were also issues with the lack of effective control over subsidiaries and inadequate compliance with information disclosure obligations [8][9].