Fantuo Digital Innovation (301313.SZ) and related parties received a warning letter

According to the Zhitong Finance App, Fantuo Digital Innovation (301313.SZ) issued an announcement. The company received the “Decision on Issuing Warning Letter Measures against Guangzhou Fantuo Digital Creative Technology Co., Ltd., Wu Suiying, and Duan Yilong” ([2026] No. 110) issued by the Guangdong Securities Regulatory Bureau on September 4, 2026.

After investigation, when the company used some of the idle funds raised for cash management, there were irregularities where it exceeded the expiration date of review by the board of directors and carried out cash management without review by the board of directors. The above situation violates the provisions of Article 3 (1) of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182, same below) and Article 8 (2) of the “Supervisory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Funds Raised by Listed Companies” (Securities Regulatory Commission Notice (2022) No. 15).

As the chairman and general manager of the company, and Duan Yilong, as the secretary of the company's board of directors, failed to fulfill the obligation of diligence and due diligence in accordance with the provisions of Article 4 of the “Administrative Measures on Information Disclosure of Listed Companies”, and is mainly responsible for the company's irregularities. According to the provisions of Article 52 of the “Administrative Measures on Information Disclosure of Listed Companies”, the Guangdong Securities Regulatory Bureau decided to take administrative supervision measures to issue warning letters against Fantuo Digital Innovation, Wu Suiying, and Duan Yilong.