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on september 10, the official website of the shenzhen stock exchange disclosed a regulatory letter to rihe rongmei co., ltd., guo jian, and yu qingtao.

the regulatory letter shows that according to the "decision on issuing a warning letter to rihe rongmei co., ltd., guo jian and yu qingtao" (no. [2024] 128) issued by the jiangsu securities regulatory bureau of the china securities regulatory commission, yu qingtao subscribed for 2.8 million shares of the company for 9.324 million yuan in september 2019.the source of its funds is loans from the company's actual controller and chairman guo jian.shouldthe company’s disclosure in its prospectus that “the source of funds for shareholder yu qingtao’s participation in the capital increase was his own funds and family accumulation funds” is untrue.

public information shows that yu qingtao is the director, deputy general manager, secretary of the board of directors and financial director of rongmei co., ltd., and his term of office is from may 16, 2019 to may 12, 2025.

as the first person responsible for information disclosure, rongmei co., ltd. failed to ensure the authenticity, accuracy and completeness of the application documents for issuance and listing and the information disclosed. the above circumstances violated the provisions of article 15, paragraph 1 and article 28, paragraph 1 of the "shenzhen stock exchange growth enterprise market stock issuance and listing review rules" (hereinafter referred to as the "review rules"). guo jian and yu qingtao, as the direct parties to the relevant loan matters and also the company's directors and senior executives, failed to perform their duties diligently and violated article 29 of the "review rules". they are primarily responsible for the above-mentioned information disclosure violations in the prospectus.

in view of the above facts and circumstances, and in accordance with articles 72 and 74 of the audit rules, the shenzhen stock exchange listing audit center decided to take self-regulatory measures of written warnings against it.

it is worth mentioning that rongmei co., ltd., the listed company warned this time, is known as the "first stock of taobao women's clothing". the company landed on the a-share market on october 28, 2021. since 2023, rongmei's performance has begun to decline, with operating income down 19.13% year-on-year and net profit attributable to shareholders down 49.28% year-on-year.

source: financial times