Core Points - The company received a warning letter from the Gansu Securities Regulatory Bureau regarding inaccurate financial data and incomplete share repurchase [1][2][3] Group 1: Financial Data Issues - The company disclosed corrections to financial data for the first three quarters of 2024, indicating inaccuracies in the consolidated balance sheet and profit statement [1] - The former chairman and president, Ye Ji, and the former financial director, Lu Yan, were held primarily responsible for the violations of the information disclosure management regulations [1][3] Group 2: Share Repurchase Incompletion - The company planned to repurchase shares worth between 600 million to 1 billion yuan but only repurchased shares worth 11.01 million yuan, which is 1.8% of the lower limit of the plan [2] - This incomplete repurchase constitutes a violation of the share repurchase rules [2][3] Group 3: Regulatory Response - The Gansu Securities Regulatory Bureau decided to issue a warning letter as an administrative regulatory measure, which will be recorded in the securities market integrity file [3] - The company is required to submit a written rectification report within 30 days and is expected to enhance its understanding of relevant laws and regulations [3]

Group 1 - The company received a warning letter from the Gansu Securities Regulatory Bureau due to inaccurate financial disclosures for the first three quarters of 2024, violating the regulations of the Information Disclosure Management Measures for Listed Companies [1] - The former chairman and president, Ye Ji, and the former financial director, Lu Yan, were held primarily responsible for the violations, indicating a lack of diligence in their duties [1] Group 2 - The company planned to repurchase shares worth between 600 million to 1 billion CNY, with the initial approval on July 25, 2024, and extended the repurchase period to July 24, 2025 [2] - By July 26, 2025, the company had repurchased 4.8331 million shares for a total amount of 11.0148 million CNY, which only accounted for 1.8% of the lower limit of the repurchase plan, constituting a violation of the share repurchase regulations [2] - The Gansu Securities Regulatory Bureau decided to issue a warning letter to the company and related personnel, which will be recorded in the integrity archives of the securities and futures market [2]

Core Viewpoint - The company received a warning letter from the Gansu Securities Regulatory Bureau due to violations related to financial disclosures and share repurchase regulations [1][2]. Group 1: Financial Disclosure Violations - On April 29, 2025, the company disclosed corrections to accounting errors for the first three quarters of 2024, indicating inaccuracies in financial data for the first quarter, half-year, and third quarter of 2024 [1]. - The actions of the then Chairman and President, Ye Ji, and the then Chief Financial Officer, Lu Yan, were deemed negligent, leading to their primary responsibility for the violations [1]. Group 2: Share Repurchase Issues - On July 25, 2024, the company's board approved a share repurchase plan with a budget of 600 million to 1 billion yuan, intended to be executed within six months [2]. - The board extended the repurchase period by six months on January 24, 2025, but by July 26, 2025, only 4.83 million shares were repurchased for a total of 11.01 million yuan, which is only 1.8% of the lower limit of the repurchase plan [2]. - This failure to meet the repurchase targets constituted a violation of the relevant regulations [2].