Long Jian Road & Bridge (600853.SH) received a warning letter from the Heilongjiang Securities Regulatory Bureau.

Long Jian Road & Bridge (600853.SH) Announcement: The company recently received a decision from the Heilongjiang Regulatory Bureau of the China Securities Regulatory Commission on issuing a warning letter to Long Jian Road & Bridge Co., Ltd., Shang Yunlong, Tian Yulong, Ning Changyuan, Zhao Hongge, Yu Haijun, and Yan Zeying. The relevant situation is announced as follows: Long Jian Road & Bridge Co., Ltd., Shang Yunlong, Tian Yulong, Ning Changyuan, Zhao Hongge, Yu Haijun, and Yan Zeying: After investigation, Long Jian Road & Bridge Co., Ltd. (Unified Social Credit Code: 91230100606102976R, hereinafter referred to as Long Jian Road & Bridge or the Company) disclosed on December 13, 2023, the announcement on the correction and retrospective adjustment of previous accounting errors, correcting the impairment provision for accounts receivable related to labor subcontract disputes with Guizhou Xintaihe Labor Service Co., Ltd. (referred to as Xintaihe). The company's original accounting treatment was not careful, and the basis for the accounting error correction was insufficient, leading to inaccurate disclosure of financial statements for the corresponding year. In accordance with the provisions of Article 58, Article 59 of the "Measures for the Administration of Information Disclosure of Listed Companies" (CSRC Order No. 40) and Article 51, Article 52 of the "Measures for the Administration of Information Disclosure of Listed Companies" (CSRC Order No. 182), our bureau decided to issue warning letters to Long Jian Road & Bridge Co., Ltd., Shang Yunlong, Tian Yulong, Ning Changyuan, Zhao Hongge, Yu Haijun, and Yan Zeying respectively as administrative regulatory measures, and to include them in the securities and futures market integrity file. The company and related personnel should enhance their understanding of securities laws and regulations, improve operational compliance, fulfill information disclosure obligations diligently, ensure that information disclosure is true, accurate, complete, and timely, and submit a written report to our bureau within 30 days of receiving the administrative regulatory decision.