Golden Sun: The Guangdong Securities Regulatory Bureau issued a warning letter to the company and related responsible persons due to inaccurate accounts receivable accounting and other issues.

On March 20, Jintaiyang announced that the company recently received a decision from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission to issue a warning letter to Jintaiyang Grinding Co., Ltd., Yang Lu, Hu Xiuying, Yang Wei, Zhu Yuanji, and Du Yan Yan. After investigation, it was found that the company had inaccuracies in the accounts receivable and insufficient provision for bad debts, the actual controller of the company was using non-operational funds, some related-party transactions were not timely reviewed and disclosed, and the management of insider information was not standardized. The Guangdong Securities Regulatory Bureau decided to issue a warning letter to the company and related responsible individuals as an administrative supervision measure.