Due to violation of the disclosure regulations, Haoyun Technologies (300448.SZ) received a warning letter from the Guangdong Securities Regulatory Bureau.

Haoyun Technologies (300448.SZ) announced that it has recently received a decision from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Guangdong Securities Regulatory Bureau") to issue a warning letter to Haoyun Technologies Co., Ltd., Lei Hongwen, and Wang Hanhui. It was found that the company engaged in the following violations: On January 30, 2026, the company disclosed an announcement regarding the correction of accounting errors and retrospective adjustments, changing the revenue recognition method of the project integration service business conducted in 2025 from "total amount method" to "net amount method", resulting in a reduction of 1.44 billion yuan in revenue for the half-year report and quarterly report of 2025. This reflected the company's previous improper and inaccurate accounting and information disclosure in the related financial reports. The above violations contravene Article 3(1) of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 226). Lei Hongwen, as the former chairman and general manager of the company, and Wang Hanhui, as the CFO, failed to fulfill their duties diligently and responsibly in accordance with Article 4 of the "Measures for the Administration of Information Disclosure by Listed Companies" and bear primary responsibility for the company's aforementioned violations. In accordance with Article 53 of the "Measures for the Administration of Information Disclosure by Listed Companies," the Guangdong Securities Regulatory Bureau has decided to issue a warning letter as an administrative supervision measure to Haoyun Technologies, Lei Hongwen, and Wang Hanhui.