Ciwen Media (002343.SZ) issued an announcement. The company received the China Securities Regulatory Authority on January 8, 2024...
Zhitong Finance App News, Ciwen Media (002343.SZ) issued an announcement. On January 8, 2024, the company received the “Decision on Measures to Issue a Warning Letter against Ciwen Media Co., Ltd.” issued by the Jiangxi Regulatory Bureau of the China Securities Regulatory Commission. The relevant details are as follows:
(1) The company's 2022 annual report did not accurately disclose the purchase amount data of the top five suppliers in strict accordance with the provisions of Article 25 (1) of the “Guidelines for Disclosure of Company Information Content and Format for Publicly Issued Securities” (Securities Regulatory Commission Notice (2021) No. 15).
(2) The company's long-term equity investment book balance at the end of 2022 was 6.0659 million yuan, which held 20% of the shares of Linghe Film and Television Production (Shanghai) Co., Ltd. and 30% of Chengdu Entertainment Times Culture Communication Co., Ltd., respectively. The above two long-term equity investments showed signs of depreciation, but the company did not evaluate the recoverable amount of the relevant assets at the end of 2022, which did not comply with the provisions of Article 6 (1) of the “Accounting Standard for Enterprises No. 8 - Asset Impairment”.
(3) The disclosure of the company's 2022 financial statements is flawed. Among them, involving transactional financial assets of 1.031 million yuan, debt investment of 7.118 million yuan, and contract liabilities of 27.254,600 yuan, there were cases where the statement items were not accurately listed, and the details of other accounts receivable, inventory price reduction preparations, and notes to other payables statements were not accurate.
(4) The 2nd Extraordinary General Meeting of Shareholders of the Company in 2022 shall be attended by a chairman of the board of supervisors of the Company as the director ticket holder, and a shareholder representative as the teller of the meeting. The above personnel participating in the inspection and counting of votes did not comply with the provisions of Article 37 (1) of the “Rules for Shareholders' Meetings of Listed Companies” (Securities Regulatory Commission Notice (2022) No. 13).
The above acts of the company caused the disclosure of relevant information to be untrue and inaccurate, in violation of the provisions of Article 3 (1) of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182). According to the provisions of Article 52 of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182), the Jiangxi Securities Regulatory Bureau decided to take supervisory measures to issue a warning letter against Ciwen Media and record it in the securities and futures market integrity file.