Guizhou Wire Rope (600992.SH) and relevant personnel received an administrative supervision measure decision due to improper accounting practices.

Announcement from Guizhou Wire Rope (600992.SH): The company recently received the "Decision on Orderly Correction Measures for Guizhou Steel Rope Co., Ltd." (No. 37 of 2024) and the "Decision on Regulatory Talks Measures for Ma Xianhong, Yang Cheng, and Wei Yong" (No. 38 of 2024) issued by the Guizhou Regulatory Bureau of the China Securities Regulatory Commission. The main content of Administrative Supervision Measures Decision No. 37 of 2024: Guizhou Steel Rope Co., Ltd.: After investigation, it was found that the company had irregularities in the accounting of construction projects, leading to inaccurate information disclosure in the 2023 annual report and the 2024 semi-annual report. The above actions violate Article 3, paragraph 1 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182). According to Article 52 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182), our bureau has decided to take administrative supervision measures for your company, and record it in the integrity file of the securities and futures market. The main content of Administrative Supervision Measures Decision No. 38 of 2024: Ma Xianhong, Yang Cheng, Wei Yong: After investigation, it was found that the company had irregularities in the accounting of construction projects, leading to inaccurate information disclosure in the 2023 annual report and the 2024 semi-annual report. The above actions violate Article 3, paragraph 1 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182). The Chairman Ma Xianhong, General Manager Yang Cheng, and Chief Accountant Wei Yong of the company failed to fulfill their duties diligently and responsibly, in violation of Article 4 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182). According to Article 51, paragraph 3 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182), the company is primarily responsible for the above actions. According to Article 52 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182), our bureau has decided to take regulatory talks as administrative supervision measures for you, and record it in the integrity file of the securities and futures market. Please bring valid identification documents to our bureau for regulatory talks as required.