Guangxi Rural Investment Sugar Industry Group Co., Ltd.
GUANGXI RURAL INVESTMENT SUGAR INDUSTRY GROUP CO.,LTD
Stock Code: 000911 Stock Abbreviation: *ST Guangtang Announcement No.: 2026-050
Announcement on the Company and Related Parties Receiving a "Administrative Penalty Pre-notification Letter"
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without false records, misleading statements, or major omissions.
I. Basic Situation
On June 12, 2026, Guangxi Rural Investment Sugar Industry Group Co., Ltd. (hereinafter referred to as the Company) received a "Notice of Investigation" (No.: Zheng Jian Li An Zi 0272026007) issued by the China Securities Regulatory Commission (hereinafter referred to as the CSRC). Due to suspected violations of information disclosure laws and regulations, in accordance with the "Securities Law of the People's Republic of China," "Administrative Penalty Law of the People's Republic of China," and other laws and regulations, the CSRC decided to initiate an investigation into the Company (for specific details, please refer to the "Announcement on the Company Receiving the Notice of Investigation from the China Securities Regulatory Commission" disclosed by the Company on June 13, 2026, in the China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily, and Juchao Information Network, Announcement No.: 2026-042).
On July 17, 2026, the Company and related parties received a "Administrative Penalty Pre-notification Letter" (Gui Chu Zi [2026] No. 2) issued by the Guangxi Bureau of the China Securities Regulatory Commission (hereinafter referred to as the Guangxi Securities Regulatory Bureau). The relevant content is hereby announced as follows:
II. Main Content of the "Administrative Penalty Pre-notification Letter"
Guangxi Rural Investment Sugar Industry Group Co., Ltd., Luo Yingping, Liu Ning, Huang Yi, Zhou Xinhua, Mo Qinglian:
The case of suspected information disclosure violations and irregularities by Guangxi Rural Investment Sugar Industry Group Co., Ltd. (hereinafter referred to as Guangxi Sugar or the Company) has been investigated and concluded by this bureau. This bureau intends to impose administrative penalties on you.
The illegal facts that this bureau intends to impose administrative penalties on you for are hereby informed, along with the reasons, basis, and your rights.
Upon investigation, the facts of the parties' suspected violations are as follows:
- The subsidiary's cross-period recognition of revenue from certain transportation and warehousing services resulted in false records in Guangxi Sugar's 2023 and 2024 annual reports.
Nanning Yunou Logistics Co., Ltd. (hereinafter referred to as Yunou Logistics), a wholly-owned subsidiary of Guangxi Sugar, recognized revenue from certain transportation and warehousing services across periods. The accounting treatment was inaccurate and non-standard, resulting in an overstatement of Guangxi Sugar's operating revenue by RMB 4,769,575.48 and an overstatement of total profit by RMB 16,188,823.51 in 2023; and an understatement of operating revenue by RMB 5,297,416.99 and an overstatement of total profit by RMB 22,699,894.42 in 2024.