Core Viewpoint - The company, Yuanlong Yatu (002878), has received an administrative regulatory measure from the Beijing Securities Regulatory Bureau due to allegations of a sales employee engaging in fraudulent activities, potentially affecting financial statements for multiple years [1] Group 1: Regulatory Actions - The Beijing Securities Regulatory Bureau issued a decision to impose corrective administrative measures on Yuanlong Yatu and related personnel [1] - The decision highlights that a sales employee allegedly forged company client seals and sales contracts to fabricate sales revenue [1] Group 2: Financial Implications - The fraudulent activities are reported to involve sales revenue for the first quarters of 2023, 2024, and 2025, which may lead to corrections in related financial statement items such as revenue and profit [1] - The company and related personnel are required to strictly adhere to the directives from the Beijing Securities Regulatory Bureau and submit a written rectification report promptly [1]

Core Viewpoint - The announcement details the administrative regulatory measures taken by the Guangxi Securities Regulatory Bureau against the controlling shareholder of Guangxi Dongfang Zhizao Technology Co., Ltd., due to failure to meet performance commitments related to a restructuring plan [1][2]. Group 1: Administrative Measures - The controlling shareholder, Kexiang High-tech Development Co., Ltd., received an administrative regulatory decision for failing to fulfill a commitment to achieve a net profit of at least 250 million yuan over three fiscal years [1]. - The actual net profit reported for the years 2022 to 2024 was 38,850,074.57 yuan, resulting in an unmet performance commitment of 211,149,925.43 yuan [1][2]. - Kexiang High-tech has paid 40 million yuan in performance compensation but has not fully paid the required amount by the deadline of May 28, 2025 [2]. Group 2: Company Response and Impact - The company stated that the regulatory measures will not affect its normal production and operational activities [2]. - The board of directors will ensure compliance with regulations and maintain communication with the controlling shareholder to urge the fulfillment of performance compensation obligations [2]. - The company will take further actions based on the progress of the performance compensation and will fulfill its information disclosure obligations as required by law [2].