Jinzheng faces scrutiny over funds usage, outlines guarantees

Shenzhen Kingdom Sci-Tech (SSE:600446) is under examination regarding its 2024 operational fund allocations, amid a strategic realignment towards financial technology and away from digital economy ventures. A recent report highlights the company's adherence to regulatory norms in funds management, with no misuse detected. The company also outlined details regarding outstanding guarantees, primarily for its subsidiary, Qisheng Technology, with a total exposure of CNY 107,000,000.