Yanzigao Technology: Received a warning letter from the Gansu Securities Regulatory Bureau.

date
01/11/2025
Shanzigao Technology announced that the company and related personnel have received a warning letter from the Gansu Securities Regulatory Bureau. The warning letter points out that the company has inaccurate financial data and unfinished buyback issues. On April 29, 2025, the company disclosed corrections to the financial data for the first three quarters of 2024, reflecting that the financial data disclosed for the first quarter, half-year, and third quarter of 2024 in the consolidated balance sheet and consolidated income statement were inaccurate. On July 25, 2024, the company planned to use its own funds or self-raised funds of 600 million to 1 billion yuan to repurchase company shares, but only repurchased a total of 4.83 million shares during the repurchase period, with a repurchase amount of 11.01 million yuan, only accounting for 1.8% of the lower limit of the repurchase plan.