Group 1 - The company held its second board meeting of the seventh session on July 25, 2025, with all seven directors present, complying with relevant laws and regulations [2] - The board approved the proposal for correcting prior accounting errors and retrospective adjustments with unanimous support [3] - The board emphasized that the corrections align with accounting standards and improve the quality of financial information disclosure [3][4] Group 2 - The supervisory board also convened on July 25, 2025, with all three supervisors present, meeting legal requirements [7] - The supervisory board approved the same proposals regarding accounting error corrections and the rectification report from the Guangxi Securities Regulatory Bureau [8] - The supervisory board will monitor the implementation of corrective measures to enhance the company's operational standards and financial management [9] Group 3 - The company received a directive from the Guangxi Securities Regulatory Bureau on July 4, 2025, requiring corrective actions within 30 days [23] - The company acknowledged issues found during inspections and has actively worked on rectifying management and internal control weaknesses [24] - The company will continue to enhance governance and compliance to prevent similar issues in the future [29] Group 4 - The company reported specific financial adjustments due to prior accounting errors, including reductions in revenue and costs for the years 2021 to 2024 [12][14] - The adjustments will not affect the total assets, liabilities, net assets, net profit, or cash flow of the company [13][15] - The company expressed regret for any inconvenience caused to investors and committed to improving governance and operational standards [20]

Core Viewpoint - *ST Guandian has announced corrective measures in response to the administrative penalty issued by the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC) due to significant financial internal control deficiencies and fraudulent activities by its actual controller [2][4][5]. Summary by Relevant 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][5]. - The actual controller, Gao Ming, acknowledged the non-operational fund occupation amounting to an outstanding balance of 96.9472 million yuan [4][5]. Corrective Measures - **System Improvement**: The company will revise its internal control management systems and establish a multi-departmental consultation mechanism to enhance tracking of large fund movements [6]. - **Financial Control**: The financial director will be designated as the primary responsible person, with a system for reporting significant matters and internal accountability measures [6]. - **Handling of Violations**: The company will strengthen internal management, regularly verify bank deposits with intermediaries, and conduct compliance education for the actual controller [6][7]. - **Information Disclosure**: Monthly meetings will be organized to enhance training on information disclosure and improve communication with regulatory bodies [6][9]. Financial Management and Compliance - The company has initiated self-inspections since May 29, 2024, to identify risks associated with non-compliant operations and has implemented measures to monitor account fund movements [8]. - The company will enhance training for financial personnel on accounting standards to improve the quality of financial information [8][10]. Commitment to Improvement - *ST Guandian aims to use this corrective action as a turning point to enhance internal controls and governance, ensuring compliance with relevant laws and regulations [13].

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].

Core Viewpoint - ST Te Xin has successfully removed its ST label and changed its stock name to Te Fa Information, indicating a recovery from previous financial misconduct and a return to normal trading status [2][6]. Group 1: Company Background and Events - ST Te Xin, now known as Te Fa Information, faced a risk warning for over a year due to financial misconduct by its subsidiary, Shenzhen Te Fa Dong Zhi Technology Co., Ltd., which inflated revenues and profits from 2015 to 2019 [6][10]. - The company reported inflated profits totaling 10.39 million yuan in 2015, 91.73 million yuan in 2016, 56.25 million yuan in 2017, and 11.63 million yuan in 2018, while reporting a profit reduction of 21.08 million yuan in 2019 [6][10]. - Following the administrative penalties from the Shenzhen Securities Regulatory Bureau, the company was designated as ST Te Xin, leading to a significant drop in stock price, including nine consecutive trading days of limit-down [6][9]. Group 2: Financial Recovery and Performance - After more than a year of rectification, the company has corrected its financial statements for the years affected by the misconduct and has received a special audit report confirming these corrections [7]. - Te Fa Information has made provisions for investor compensation amounting to 10.07 million yuan, which has contributed to the removal of other risk warnings [7]. - The stock price has rebounded over 90% from a low of below 4 yuan per share after being designated as ST, closing at 8.03 yuan per share as of July 7 [8][9]. Group 3: Current Financial Status - For the fiscal year 2024, Te Fa Information reported revenues of 4.409 billion yuan, a year-on-year decrease of 10.69%, and a net loss of 403 million yuan [10]. - In the first quarter of 2025, the company continued to face challenges, with revenues of 790 million yuan, down 26.16% year-on-year, and a net loss of 15.06 million yuan [10]. - The company operates in the optical communication industry and has diversified into four business segments: cables, smart services, integration, and property leasing, with total assets of 6.461 billion yuan and net assets of 2.058 billion yuan as of December 31, 2024 [10].

Group 1 - The company has decided to suspend operations for six months starting from July 7, 2025, due to changing market conditions and business needs [3] - Employees will receive normal wages for the first month of suspension, followed by 80% of the local minimum wage for living expenses from the second month until operations resume or employment is terminated [3] - Social security and housing fund contributions during the suspension will be based on the local minimum wage [3] Group 2 - Employees reported a lack of communication regarding the sudden suspension, with some expressing concerns about unpaid reimbursements and potential company closure rumors [4] - The company is currently recalling products and has hired temporary workers, but there are uncertainties regarding financial compensation [4] - Another subsidiary, Jiangmen Roma Technology Co., Ltd., has also suspended operations, and arrangements are being made for employees to retrieve personal belongings [6] - Recent changes in the company's legal representative and management have been noted, with a focus on internal restructuring and preparation for new products [6]

Core Viewpoint - The company Romoss has announced a temporary suspension of operations for six months starting from July 7, 2025, due to changing market conditions and business needs, while addressing recent safety concerns regarding its products [1][2]. Group 1: Operational Changes - Romoss officially issued a notice for a six-month suspension of work and production starting July 7, 2025, with only recalled employees returning to work [1] - During the first month of suspension, the company will pay employees their regular wages, followed by 80% of the local minimum wage for the subsequent months [1] - Employees reported that their access to the Shenzhen office was revoked, indicating a significant operational shift [2] Group 2: Product Safety Issues - The company faced scrutiny over its power banks, particularly a 20,000mAh model, which was reported to have a high risk of combustion, leading several universities to recommend discontinuation of use [2] - In response to safety concerns, Romoss announced a recall of 491,745 units of certain power bank models manufactured between June 5, 2023, and July 31, 2024, due to potential overheating risks [2][3] - Specific models and production batches involved in the recall were detailed, indicating a proactive approach to addressing safety issues [3] Group 3: Management Changes - A change in the company's legal representative occurred, with Lei Shexing stepping down and Lei Xingrong taking over, reflecting ongoing internal restructuring efforts [3] - The company stated that it is focusing on internal audits and preparing for new product launches amidst these changes [3] Group 4: Company Background - Romoss was founded in 2012 and has achieved an annual shipment volume exceeding 50 million units [4]

Core Viewpoint - The company has established a special rectification working group following the directive from the Yunnan Securities Regulatory Bureau to implement corrective measures [1] Group 1 - The rectification measures include enhancing the study of laws and regulations, revising internal management systems, strictly managing the use of raised funds, and strengthening internal audit supervision [1] - The company held a board and supervisory committee meeting on May 13, 2025, to review and approve the rectification report, indicating that the issues have been addressed [1] - The company will continue to implement the rectification measures in the long term [1]