Decision on Issuing a Warning Letter to Sichuan Tianwei Electronics Co., Ltd., Juwanli, Zhang Chao, and Hou Guangli

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(Source: Sichuan Securities Regulatory Bureau)

Sichuan Tianwei Electronics Co., Ltd., Ju Wanli, Zhang Chao, Hou Guangli:

After investigation, Sichuan Tianwei Electronics Co., Ltd. (hereinafter referred to as Tianwei Electronics or the Company) has the following issues:

1. The Company over-provisioned credit impairment losses by 3.5822 million yuan in 2024, which does not comply with Articles 46 and 48 of the “Accounting Standards for Business Enterprises No. 22—Recognition and Measurement of Financial Instruments.”
2. The Company failed to disclose relevant information about the purchase of deposit products with raised funds in the “Special Report on the Deposit and Actual Use of Raised Funds” for the semi-annual report 2024, the annual report 2024, and the semi-annual report 2025. Additionally, the cash management balances at the end of each period did not match the actual situation, which violates Article 12 of the “Guidelines for Supervision of Listed Companies No. 2—Supervision and Management of Fundraising and Use of Funds by Listed Companies” (CSRC Announcement [2022] No. 15) and Article 16 of the “Regulations on the Supervision of Fundraising by Listed Companies” (CSRC Announcement [2025] No. 10).

The above conduct violates Article 3, Paragraph 1 of the “Administrative Measures for Information Disclosure by Listed Companies” (CSRC Order No. 182). According to Articles 4 and 51 of the same measures, the Chairman Ju Wanli, General Manager Zhang Chao, and Chief Financial Officer Hou Guangli are responsible for the above circumstances.

In accordance with Article 52 of the “Administrative Measures for Information Disclosure by Listed Companies” (CSRC Order No. 182), our bureau has decided to issue a warning letter to your company and to Ju Wanli, Zhang Chao, and Hou Guangli, and record this in the securities and futures market integrity archive. Your company and responsible persons should strengthen their study of securities laws and regulations, improve the management of information disclosure, effectively enhance the quality of disclosures, and prevent similar violations from happening again. Please submit a written report to our bureau within 15 days of receiving this decision.

If you disagree with this supervisory measure, you may apply for administrative reconsideration to the China Securities Regulatory Commission within 60 days of receiving this decision, or file a lawsuit with the competent people’s court within 6 months. During the reconsideration and litigation periods, the supervisory measures will not be suspended.

Sichuan Securities Regulatory Bureau

March 4, 2026

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