Hunan Creator Information Technologies(300730.SZ) received an administrative penalty decision from the Hunan Securities Regulatory Bureau.

Hunan Creator Information Technologies (300730.SZ) announced that the company and related responsible persons have received the "Administrative Penalty Decision" issued by the Hunan Regulatory Bureau of the China Securities Regulatory Commission. The Hunan Regulatory Bureau pointed out in the decision: In April 2023, Hunan Creator Information Technologies conducted server and application software sales business with Da You Digital Technology (Beijing) Co., Ltd. (hereinafter referred to as Da You Technology). Hunan Creator Information Technologies did not have control over the goods when engaging in the above business, and still recognized revenue using the overall method despite knowing the business model, which does not comply with the provisions of Article 34 of "Enterprise Accounting Standards No. 14 - Revenue" (Cai Kuai [2017] No. 22). At the same time, Hunan Creator Information Technologies made errors in adjusting the above business amount in the process of preparing the consolidated financial statements. The above actions led to the overstatement of operating income by 46.3202 million yuan in the 2023 interim report, accounting for 33.57% of the disclosed operating income for the period; overstatement of operating costs by 32.6016 million yuan, accounting for 33.57% of the disclosed operating costs for the period; and an overstatement of profit by 12.7921 million yuan, accounting for 71.94% of the total disclosed profit for the period. The Hunan Regulatory Bureau decides: 1. Issue a warning to Hunan Creator Information Technologies Co., Ltd. and impose a fine of 1.5 million yuan; 2. Issue a warning to Fei Yaoping and impose a fine of 800,000 yuan; 3. Issue a warning to Li Jie and impose a fine of 800,000 yuan; 4. Issue a warning to Long Zhong and impose a fine of 600,000 yuan.