Beijing Securities Regulatory Bureau takes corrective measures against Guandian Defense Technology Company.

Investigation has found the following problems in the company: the company fabricated accounts payable and provided financing facilities to other companies in the form of factoring business, leading to a deduction of 142.5147 million yuan from the company's account by banks from December 2024 to April 2025. The actual controlling person, Gao Ming, admitted his non-operational use of the company's funds, with an outstanding balance of 96.9472 million yuan which remains unpaid to date. The company disclosed the above violations in its 2024 annual report, but failed to timely disclose the fund misappropriation that occurred from December 2024 to April 2025. The company's governance and control mechanisms are imperfect, with significant deficiencies in financial-related internal controls. The financial director did not fulfill his responsibilities, and Gao Ming arranged for the fabrication of bank confirmation letters, bank statements, etc.