Tongda Group: Rectify the issue of inflated profits and strengthen information disclosure.
Announcement from Tongda Corporation: The company has received a "Decision Letter" from the Henan Securities Regulatory Bureau regarding the issue of artificially inflating the total profit for the year 2024. Due to accounting negligence and errors in expense calculation, the profit was artificially inflated. The company emphasizes that this error does not have a significant impact on the overall financial statements. Tongda Corporation has formulated rectification measures, including strengthening management, ensuring accurate accounting, and enhancing financial and disclosure quality. The company will strictly enforce financial and accounting management systems, continuously improve corporate governance and standardize operations to ensure truthful, accurate, and complete disclosure of information to protect the interests of shareholders. The responsibility for rectification lies with the Chairman, General Manager, Chief Financial Officer, and will be carried out effectively in the long term.
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