Ruida Futures: The company and relevant persons in charge have received the decision on administrative regulatory measures.
Ruida Futures Announcement: The company and related responsible persons received the Administrative Supervision Measures Decision Letter issued by the Xiamen Securities Regulatory Bureau. The company was found to have inadequate internal control management for its risk management subsidiary, Ruida Xin Control Capital Management Co., Ltd., with accounting irregularities. Some trade-related business revenues in past years were recognized in violation of the provisions of "Enterprise Accounting Standards No. 14 - Revenue Standards," leading to inaccurate financial data disclosed in the company's annual reports for the relevant year. Supervisory measures such as issuing a warning letter, directing disciplinary actions against related personnel, and directing an increase in the number of internal compliance checks were implemented, and the relevant information was recorded in the securities and futures market integrity file. The company and related responsible persons will actively rectify in strict accordance with relevant laws and regulations, as well as the requirements of the Xiamen Securities Regulatory Bureau, learn from the incident, strengthen their understanding of relevant laws and regulations, improve financial accounting standards, enhance corporate governance, and promote the company's standardized operation.
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