Zhitong Financial APP News, * ST Mingcheng (600136.SH) notice, the company recently received the China Securities Regulatory Commission Hubei Regulatory Bureau ("Hubei Securities Regulatory Bureau") administrative regulatory measures decision "on Wuhan Contemporary Mingcheng Culture and Sports Group Co., Ltd. a decision to issue a warning letter" ("warning letter").
After investigation, the company has the following irregularities: irregularities in information disclosure of major matters: failure to disclose guarantee matters in accordance with regulations; failure to disclose major litigation and arbitration matters of the company in accordance with regulations; and failure to disclose daily related transactions in accordance with regulations. On financial information disclosure irregularities: external financing information disclosure is not accurate; income, impairment and other aspects of financial information disclosure is not accurate. The company failed to cancel the repurchased shares in time in accordance with the regulations. The above-mentioned behavior of the company violates the relevant regulations, and the Hubei Securities Supervision Bureau decided to take administrative supervision measures to issue a warning letter to the company.