Jiangsu Hongtian: CSRC issues inquiry letter on related party transactions and other matters

Announcement from Jiangsu Hongtian: The company is under investigation by the China Securities Regulatory Commission due to disclosure issues related to related party relationships and related transactions. At the same time, because the auditor was unable to obtain sufficient audit evidence, a qualified opinion was issued for the company's 2024 financial report, with an emphasis of matter paragraph issued for internal controls without qualification. The inquiry letter requires the company to further verify and disclose whether there are any undisclosed related relationships or benefit arrangements, the specific content and commercial substance of transactions related to Nordex, and explain the situation of undisclosed significant matters. The company must disclose immediately upon receiving the inquiry letter, and reply within 5 trading days.