Hongdou Co., Ltd.: Received the Administrative Supervision Decision Letter from Jiangsu Securities Regulatory Bureau

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Hongdou Co., Ltd. announcement, the company and related responsible persons received the Administrative Supervision Decision Letter from the Jiangsu Securities Regulatory Bureau.
According to the investigation, as of December 31, 2024, Hongdou Co., Ltd. had overdue accounts receivable of 110 million yuan from Hongdou Group, and all overdue accounts receivable were recovered before April 30, 2025.
However, in 2025, Hongdou Co., Ltd.'s accounts receivable from Hongdou Group experienced overdue again.
As of September 30, 2025, the company’s overdue accounts receivable balance from Hongdou Group was 45.0943 million yuan.
Despite overdue accounts receivable from Hongdou Group in 2024, Hongdou Co., Ltd. did not strictly control and promptly collect related receivables in 2025, leading to another overdue accounts receivable, which constitutes a situation where the controlling shareholder occupied the listed company’s funds in daily business activities.

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