On May 24, 2024, the Management Department of the GEM Company of the Shenzhen Stock Exchange issued an inquiry letter on the annual report to Beijing Xiaocheng Technology Co., Ltd. In reviewing Xiaocheng Technology's 2023 annual report, the Shenzhen Stock Exchange focused on the company's operating income, net profit, net cash flow from operating activities, overseas business, major customers and suppliers, accounts receivable, and otherbestpaytoearncryptogamesHis debt investment, intangible assets, goodwill, financial expenses and other financial indicators and operating conditions.

The inquiry letter asked Xiaocheng Technology to provide detailed explanations on issues such as inconsistent changes in operating income and net profit, the high proportion of overseas business, the situation of the top five customers and suppliers, the growth of accounts receivable, the rationality of holding Ghanaian bonds, the non-provision for impairment of intangible assets, the non-provision for impairment of goodwill, the decline in financial expenses, the robbery of subsidiaries, the situation of newly established companies, and the absence of members of the Board of Supervisors at the annual report review meeting.

(Article source: Interface News)