Shenzhen Gongjin Electronics (603118.SH) and related personnel received administrative supervision measures from the Shenzhen Securities Regulatory Bureau.

Shenzhen Gongjin Electronics (603118.SH) announced that the company recently received the "Decision of the Shenzhen Securities Regulatory Bureau on Taking Corrective Measures against Shenzhen Gongjin Electronics Co., Ltd." (No. [2025] 33) and the "Decision of the Shenzhen Securities Regulatory Bureau on Taking Warning Letter Measures against Hu Zumin and Others" (No. [2025] 34) issued by the China Securities Regulatory Commission Shenzhen Securities Regulatory Bureau. It is reported that the company has the following issues: 1. Some income and costs are spread over multiple periods; 2. Income accounting does not properly consider the impact of sales returns; 3. Bad debt provision for accounts receivable is not in compliance; 4. Some costs and expenses are confused; 5. The impairment testing process for goodwill is not cautious. The Chairman of the company and then General Manager Hu Zumin, then Chairman Wang Dawei, General Manager Wei Honghai, CFO Tang Xiaolin, bear primary responsibility for the above issues. According to the provisions of Article 51, paragraph 3, and Article 52 of the "Measures for the Administration of Information Disclosure by Listed Companies" (CSRC Order No. 182), the Shenzhen Securities Regulatory Bureau has decided to issue warning letters to Hu Zumin, Wang Dawei, Wei Honghai, and Tang Xiaolin respectively.