What does the warning letter mean?

Legal analysis: warning letter refers to the violation of regulations by listed companies, but it is not serious and does not constitute administrative punishment. Generally speaking, it is mainly based on illegal reduction, occupation of funds and incomplete trust.

Legal basis: Article 14 of the Securities Law of People's Republic of China (PRC), China Securities Regulatory Commission also has a stock issuance review committee, whose members are professionals from China Securities Regulatory Commission and relevant experts hired outside the meeting. Although there will be no big impact after receiving the warning letter from the CSRC, we should pay close attention to the company's future situation and adjust the stock investment layout in time.