Dr. Peng Telecom & Media Group (600804.SH) and related personnel have received a warning letter from the Qingdao Securities Regulatory Bureau.

Dr. Peng Telecom&Media Group (600804.SH) issued an announcement stating that on November 18, 2024, the company received an administrative supervision measure decision from the Qingdao Securities Regulatory Bureau titled "Decision on Issuing Warning Letters to Dr. Peng Telecom&Media Group Limited and Related Personnel" (No. 36 [2024]). After investigation, the company was found to have the following violations: (1) inaccurate disclosure of the 2023 annual performance forecast, (2) failure to fulfill information disclosure obligations in the establishment of wholly-owned subsidiaries and investment in associate companies, (3) failure to fulfill disclosure obligations in the sale of subsidiary matters. In accordance with Article 51 and Article 52 of the "Management Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182), the Qingdao Securities Regulatory Bureau decided to issue warning letters to the company, as well as to the former Chairman Yang Xueping, former General Manager Lv Weituan, CFO Xu Zhangang, and former Secretary to the Board Wu Wentao.