Guandian Defense Technology (688287.SH) received a regulatory letter from the Shanghai Stock Exchange regarding the company's factoring business.

Guandian Defense Technology (688287.SH) announcement, the company received a regulatory work letter from the Shanghai Stock Exchange on November 18, 2024 regarding the factoring business of Guandian Defense Technology Co., Ltd. As the company does not have any substantive factoring business, and may be liable for a payment of 161 million yuan, the Shanghai Stock Exchange has made regulatory requirements: 1. The company and its continuous supervision agencies are required to verify the use and actual flow of funds related to factoring business, whether the funds are flowing to related parties of the company, whether it constitutes non-operational funds occupation by related parties, fully assess the potential impact on the listed company and disclose risks in a timely manner, and fulfill disclosure obligations according to regulations. 2. The company's board members and senior executives are required to diligently perform their duties, improve internal control procedures, maintain the security of company funds and assets, strengthen risk prevention and control mechanisms, take effective measures to ensure the interests of the listed company are not compromised. 3. The company, actual controller, and related parties are required to conduct self-inspections, verify whether there have been instances of delayed disclosure in the past based on the earlier self-inspections, timing of discovery of the above-mentioned issues, etc. 4. According to the company's announcement, the actual controller still has 39.1852 million yuan of funds occupied for non-operational purposes that have not been repaid. The actual controller should actively raise funds to repay the occupied funds as soon as possible. The company's board members and senior executives should take effective measures to urge the actual controller to repay the occupied funds promptly and protect the interests of the listed company effectively.