Core Viewpoint - The South Black Sesame Group Co., Ltd. received a warning letter from the Guangxi Securities Regulatory Bureau due to issues related to non-operating fund occupation and improper external guarantees, indicating regulatory compliance failures [1][2][3][4]. Group 1: Non-operating Fund Occupation - The company failed to disclose non-operating fund occupations by its controlling shareholder and related parties in a timely manner, violating several regulatory guidelines [1]. - The controlling shareholder, Guangxi Black Five Food Group Co., Ltd., and related parties were found to have occupied funds without proper disclosure [1]. Group 2: Improper External Guarantees - In September 2020, the company provided a guarantee for a loan of 505 million yuan to Nanning Children's Hospital using its stake in Guangxi Guotai Traditional Chinese Medicine Investment Co., Ltd. without timely disclosure [2]. - The company did not follow the required procedures for external guarantees, which is against regulatory requirements [2]. Group 3: Governance Issues - The company exhibited governance irregularities, including improper roles in shareholder meetings and lack of written records for board meetings [4]. - Key executives, including the chairman and general manager, were identified as directly responsible for these violations [4]. Group 4: Response and Remediation - The company acknowledged the issues raised in the warning letter and committed to taking corrective actions, including submitting a written rectification report within 30 days [5]. - The company plans to enhance its internal governance mechanisms and improve compliance with relevant laws and regulations [5]. Group 5: Current Operations - The company stated that its current production and operational activities remain normal and that the warning letter will not affect its management [6]. - The company emphasized its commitment to fulfilling information disclosure obligations and improving the quality of disclosures [6].