Core Viewpoint - Shenzhen Zhenyou Technology Co., Ltd. has not faced any penalties from securities regulatory authorities or exchanges in the last five years, but has received warnings and is actively working on rectification measures to improve governance and compliance [1][4]. Summary by Sections Recent Penalties - The company has not been penalized by securities regulatory authorities or exchanges in the last five years [1]. Regulatory Measures and Rectification - A warning letter was issued by the Shenzhen Securities Regulatory Bureau due to inaccurate disclosure of performance reports, irregularities in corporate governance, and issues with the management of raised funds [1][2]. - The company has established a special rectification task force led by Chairman Wu Minhua to address the issues raised in the warning letter, ensuring compliance with laws and regulations [2]. - The company conducted a self-examination and proposed corrective measures for each issue identified in the warning letter, with internal audit oversight to enhance governance and compliance [2]. Oral Warning from Shanghai Stock Exchange - The financial director received an oral warning for discrepancies in the performance report, with variances in reported figures such as operating profit and net profit being significant, affecting investor decisions [2][3]. - The company acknowledged the oral warning and has taken steps to improve accounting practices and information disclosure to prevent future occurrences [4].

Core Viewpoint - Shenzhen Yiyaton Supply Chain Co., Ltd. received administrative regulatory measures from the Shenzhen Securities Regulatory Bureau due to non-compliance in corporate governance, financial accounting, and information disclosure [1][5][7]. Group 1: Governance Issues - The company exhibited irregularities in the operation of its three meetings, including incomplete meeting records and attendance issues from board members [2][3]. - There were deficiencies in the management of insider information, with some major events lacking proper documentation and confirmation from relevant personnel [2][3]. Group 2: Financial Accounting Issues - The company recognized revenue on the day of goods delivery, which contradicted its disclosed revenue recognition policy [3]. - There were inaccuracies in the calculation of expected credit loss rates for accounts receivable and misreporting of investment property value changes [3]. Group 3: Information Disclosure Issues - The company failed to follow required procedures for board approval regarding loans to shareholders and did not timely disclose the status of strategic cooperation agreements [4][5]. - The lack of continuous information disclosure was noted, which is against regulatory requirements [4][5]. Group 4: Regulatory Response and Remediation - The Shenzhen Securities Regulatory Bureau mandated the company to submit a written rectification report within 30 days, focusing on improving governance, financial accounting, and information disclosure practices [5][8]. - The company acknowledged the issues raised and committed to enhancing compliance awareness and operational standards to protect shareholder interests [8].