Anji Food: The company and three responsible persons are being supervised by the Fujian Securities Regulatory Bureau due to accounting and fundraising issues.

date
07/11/2025
Ann Food announced that it recently received a "decision" from the Fujian Securities Regulatory Bureau, stating that the company has accounting irregularities, such as the recognition of some trade business income from 2023 to 2024, the calculation of red envelope amounts from 2022 to 2024, and the accounting of the Shanghai R&D center plant not in compliance with the guidelines; there are also issues with the improper use of raised funds. The above-mentioned situations violate disclosure regulations, and Chairman Lin Xiaofang, General Manager Lin Runze, and CFO Chen Yong'an are mainly responsible for the breach due to lack of diligence. The Fujian Securities Regulatory Bureau has ordered the company to correct the issues, conduct supervision interviews with the three individuals, and record them in their integrity files. The company must submit a rectification report within 30 days, and the three individuals will have a meeting on November 21st.