On the evening of February 15, Saturday Co.Ltd(002291) announced that the company had recently received the decision on Issuing warning letters to Saturday Co.Ltd(002291) , Yu Hongtao and Li Gang issued by Guangdong regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as “Guangdong securities regulatory bureau”).
According to investigation, in the 2018 year financial statement audit process, Saturday Co.Ltd(002291) found that there was a difference between the physical inventory of the store and the financial system data before the audit institutions launched the inventory monitoring. In order to eliminate the difference in inventory data, Saturday Co.Ltd(002291) sent 29980 pairs of shoes from Chengdu warehouse to Xi’an closed shop in March 2019. After the inventory supervision, the relevant goods will be transported back to Chengdu warehouse. Saturday Co.Ltd(002291) did not truthfully inform the annual report audit institution of the above data differences and goods transfer. In addition, Saturday Co.Ltd(002291) did not establish a regular backup mechanism for business system data, and failed to provide basic data and original vouchers related to inventory transfer in 2019.
The above-mentioned acts violate the provisions of Article 50 of the measures for the administration of information disclosure of listed companies (Order No. 40 of the CSRC). Yu Hongtao, as the chairman and general manager of Saturday Co.Ltd(002291) , and Li Gang, as the chief financial officer, are mainly responsible for the above violations of Saturday Co.Ltd(002291) . According to the provisions of articles 57 and 59 of the measures for the administration of information disclosure of listed companies (Order No. 40 of the CSRC), Guangdong securities regulatory bureau decided to take regulatory measures to issue warning letters to Saturday Co.Ltd(002291) , Yu Hongtao and Li Gang.
