Due to the defects of internal control, Shilong Industrial received administrative supervision measures to decide

On July 24, 2022, the A -share company Shilong Industrial (002748.SZ) received the decision of administrative supervision measures.

On July 21, 2022, the company received the "Decision on Organizing Ordering Correction to Shilong Industrial Co., Ltd." issued by the Jiangxi Regulatory Bureau.

After investigation, Jiangxi Shilong Industrial Co., Ltd. has the following problems:

(1) Internal control is defective

Shilong Industrial's 2020 due to the poor implementation of the fund payment approval system, which led the company to encounter telecommunications fraud and suffer economic losses; during the prepaid process of the procurement business, it did not conduct a full investigation of the supplier's establishment period and supply capacity; the sales business; the sales business In the process, products continue to sell products without the overdue of accounts receivables, and have not conducted a comprehensive investigation and evaluation of customer credit status and transaction risks. The above matters reflect the internal control defects of the company in terms of fund management and control, purchasing and sales, and the annual review agency issued an unprecedented opinion on the company's internal control verification report in 2020.

The company's aforementioned behavior violated Article 94 of the "Guidelines for the Governance of the Listed Companies", "Article 6 of the Internal Control Application Guidelines-Funding Activity", and "Guidelines No. 7-Procurement Business" The relevant provisions of Article 5 of the "Internal Control Application Guide No. 9-Sales Business".

(2) Unthime and related parties and affiliated transactions are not disclosed

Before April 30, 2022, the company had not disclosed that Yingtan Qihui Chemical Co., Ltd. was the company's related parties, nor did it perform decision -making approval procedures for relevant affiliated transactions. On April 30, 2022, the company disclosed the contents of the related parties and related affiliated transactions.

The above -mentioned behavior of the company does not meet the relevant provisions of Article 41 of the "Administrative Measures for the Information Disclosure of Listed Companies" (CSRC Order No. 182).

According to the relevant provisions of Article 52 of the "Administrative Measures for the Information Disclosure of Listed Companies" (CSRC Order No. 182), the Jiangxi Securities Regulatory Bureau decided to take regulatory measures to be ordered to make correction on Shilong Industry, and recorded the capital market integrity file database.

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