Guangzhou Tinci flags funds misappropriation, issues corrective actions

Guangzhou Tinci Materials Technology (SZSE:002709) has released a special audit report revealing irregularities in funds management related to non-operating activities and related party transactions. While the report itself details these misappropriations, associated company statements confirm the firm's commitment to rectifying these issues and ensuring future compliance. As of December 31, 2024, investigations into these irregularities resulted in findings detailed in the audit report.