Ruifeng Optoelectronics announced that the company recently received the “Decision of the Shenzhen Securities Regulatory Bureau to Order Corrective Measures against Shenzhen Ruifeng Optoelectronics Co., Ltd.” and the “Decision of the Shenzhen Securities Regulatory Bureau on Issuing Warning Letter Measures against Gong Weibin and Others” issued by the Shenzhen Securities Regulatory Bureau. Regulatory measures indicate that the company has irregularities in corporate governance, financial accounting, and information disclosure, etc., including irregularities in the operation of the three meetings, unregulated procedures for reviewing related transactions, inadequate management of insider information, improper management of the use of funds raised, irregular revenue accounting, irregular fixed asset accounting, irregular disclosure and accounting of prepaid accounts, inaccurate confirmation of income from long-term equity investments, and inaccurate accounting for investment real estate. The Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures to order corrections against the company, and requested the company to submit a written rectification report. The company and relevant personnel will strengthen the study of laws and regulations, improve corporate governance, improve the quality of information disclosure, and promote the healthy, stable and sustainable development of the company.

Ruifeng Optoelectronics announced that the company recently received the “Decision of the Shenzhen Securities Regulatory Bureau to Order Corrective Measures against Shenzhen Ruifeng Optoelectronics Co., Ltd.” and the “Decision of the Shenzhen Securities Regulatory Bureau on Issuing Warning Letter Measures against Gong Weibin and Others” issued by the Shenzhen Securities Regulatory Bureau. Regulatory measures indicate that the company has irregularities in corporate governance, financial accounting, and information disclosure, etc., including irregularities in the operation of the three meetings, unregulated procedures for reviewing related transactions, inadequate management of insider information, improper management of the use of funds raised, irregular revenue accounting, irregular fixed asset accounting, irregular disclosure and accounting of prepaid accounts, inaccurate confirmation of income from long-term equity investments, and inaccurate accounting for investment real estate. The Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures to order corrections against the company, and requested the company to submit a written rectification report. The company and relevant personnel will strengthen the study of laws and regulations, improve corporate governance, improve the quality of information disclosure, and promote the healthy, stable and sustainable development of the company.