ST Yigou: Received warning letter from Jiangsu Securities Regulatory Bureau.
Announcement of ST YiGou: The company has received a warning letter from the Jiangsu Securities Regulatory Bureau, pointing out that some of the company's procurement and sales businesses do not meet the revenue recognition criteria, resulting in inaccurate revenue accounting; long-term equity investment impairment testing is not timely, and the accounting treatment basis is insufficient. The then chairman Ren Jun, financial officer Huang Wei, and Zhou Bin were accused of not fulfilling their duties diligently. The company will make rectifications and submit a written report.
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