Shenzhen Datong Industrial Co., Ltd. received an administrative penalty decision from the China Securities Regulatory Commission for violations related to information disclosure. The company was fined 500,000 RMB, and several executives received individual fines ranging from 80,000 to 300,000 RMB. The violations included false records in annual reports and misleading financial disclosures.
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Shenzhen Datong Industrial Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
The Company recently received the administrative penalty decision (No. [2023] 41) issued by the China Securities Regulatory Commission (CSRC), and the relevant penalties are announced as follows:
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