Sinomach Precision Industry Group (002046.SZ) and relevant responsible personnel have been taken regulatory measures by the Henan Securities Regulatory Bureau to issue a warning letter.
Guoji Precision Machinery (002046.SZ) announced that the company received a decision from the Henan Securities Regulatory Bureau (hereinafter referred to as "Henan Regulatory Bureau") on April 8, 2026, regarding the implementation of supervisory measures and issuing a warning letter to Guoji Precision Machinery Group Co., Ltd. and relevant responsible personnel. The specific details are as follows:
Sinomach Precision Industry Group (002046.SZ) announced that on April 8, 2026, the Henan Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Henan Regulatory Bureau") issued a decision to supervise and manage Sinomach Precision Industry Group Limited and relevant responsible persons by issuing a warning letter. The specific details are as follows:
After investigation, the company was found to have the following issues in the management and use of raised funds: firstly, the raised funds were not managed through a dedicated account. Secondly, the company used idle raised funds for cash management, exceeding the approved amount by the board of directors. The company did not disclose these situations in the special fund report, leading to inaccurate disclosure in the report. Thirdly, non-raised funds were placed in the special fund account.
The company's actions mentioned above violated the provisions of the "Regulations on the Disclosure of Information by Listed Companies" (CSRC Order No. 40) Article 2, the "Regulations on the Disclosure of Information by Listed Companies (Revised in 2021)" (CSRC Order No. 182) and the "Regulations on the Disclosure of Information by Listed Companies (Revised in 2025)" (CSRC Order No. 226) Article 3, "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies" (CSRC Announcement [2012] No. 44) Article 4, Article 7 paragraph 3, and "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies (Revised in 2022)" (CSRC Announcement [2022] No. 15) Article 5. Company Chairman Jiang Wei, former Chairman Zhu Feng, General Manager Yan Ning, former General Manager Chen Feng, Chief Financial Officer Min Li, former Chief Financial Officer Liu Bin, former Chief Financial Officer Xu Shidong, and Board Secretary Zhao Xiangong bear the main responsibility for the above violations.
According to Article 170 paragraph 2 of the Securities Law of the People's Republic of China, and Article 53 of the "Regulations on the Disclosure of Information by Listed Companies (Revised in 2025)" (CSRC Order No. 226), the Henan Regulatory Bureau has decided to take administrative supervision measures by issuing a warning letter to the company, Jiang Wei, Zhu Feng, Yan Ning, Chen Feng, Min Li, Liu Bin, Xu Shidong, and Zhao Xiangong, and record this in the securities and futures market integrity file.
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