Netac Technology (300042.SZ): The Shenzhen Securities Regulatory Bureau has taken corrective measures against the company.

Netac Technology (300042.SZ) announced that the company recently received the "Decision on Imposing Corrective Measures on Shenzhen Netac Technology Co., Ltd." and the "Decision on Issuing Warning Letters to Zhou Fuchi and Others" issued by the Shenzhen Securities Regulatory Bureau. The Shenzhen Securities Regulatory Bureau pointed out that the company has multiple issues, including: - Non-standard corporate governance, mainly related to: non-standard operation of the board of directors, incomplete registration of related parties. - Imperfect internal control, mainly related to: non-standard internal control of major contracts, incomplete internal control of inventory management. - Non-standard financial accounting, mainly related to: non-standard accounting of trade revenue, inaccurate accounting of advance payments.