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Filinger: Received the Administrative Supervision Decision Letter from the Shanghai Securities Regulatory Bureau
Flinger Announcement, the company and related personnel received the Administrative Supervision Decision Letter from the Shanghai Securities Regulatory Bureau.
Upon investigation, the company was found to have issues such as inaccurate recognition of engineering project revenue, incorrect classification of some financial assets, and non-compliance in the remuneration review procedures for directors and senior management, leading to false statements in the annual report.
The Shanghai Securities Regulatory Bureau has decided to order the company to make corrections and to issue warning letters to the relevant responsible personnel.