Jiangsu Suopu: Company and related personnel received a warning letter from Jiangsu Securities Regulatory Bureau
Jiangsu Suopu has received a warning letter from the Jiangsu Securities Regulatory Bureau due to inaccurate financial data disclosures in its annual reports from 2022 to 2024. The company made retrospective adjustments to its revenue, costs, and R&D expenses, leading to the inaccuracies. The company's General Manager Chen Zhilin and former CFO Cui Kunzu have been identified as primarily responsible for these violations. The regulatory action will be recorded in their securities and futures market integrity files. AI