Frontop Digital Technology announced on September 4, 2026, that the company, its chairman and general manager Wu Suiying, and board secretary Duan Yilong were issued a warning letter by the Guangdong Securities Regulatory Bureau for violations involving the use of idle raised funds for cash management that exceeded the validity period approved by the board of directors and were carried out without board approval. The Guangdong Securities Regulatory Bureau determined that the conduct violated relevant provisions of the Measures for the Administration of Information Disclosure by Listed Companies and Regulatory Guidelines for Listed Companies No. 2. The company has taken corrective measures, including completing supplementary review procedures, optimizing internal approval processes, adding an audit department oversight line, and organizing special regulatory training, and stated that the regulatory measure does not affect normal production and operations.
Guangzhou Frontop Digital Creative Technology Co. Ltd. ACompany, chairman, and board secretary received warning letter from securities regulator for unauthorized use of raised funds.
