Shenzhen Breo Technology (688793.SH) has received a "Notice of Administrative Penalty Prior to Decision" and is subject to a proposed fine of 2.5 million yuan.

Shenzhen Breo Technology (688793.SH) issued an announcement that on June 12, 2026, the company received a "Notice of Administrative Penalty in Advance" from the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission. The penalty was imposed because the company did not disclose related party transactions and significant guarantee matters in a timely manner, and there were significant omissions in the 2024 annual report. The Shenzhen Regulatory Bureau decided to issue a warning and impose fines on the company and relevant responsible persons. The company was fined 2.5 million RMB, the former Chairman and General Manager, Ma Xuejun, was fined 6.3 million RMB, the former Deputy General Manager and Chief Financial Officer, Zhao Hongyun, was fined 800,000 RMB, and the former supervisor, Yin Wei, was fined 500,000 RMB.