Taihe · Listed Company Securities Compliance Column | Corrections to the 2026 Semi-Annual Report

The high-quality development of the capital market hinges on the compliance foundation of listed companies. As the registration-based system is fully implemented and regulatory frameworks undergo frequent updates, securities compliance has become a central pillar for the stable operation of listed firms. Accurately aligning with regulatory guidance and fortifying compliance safeguards are critical enablers for companies to navigate market cycles.

To this end, we have established this dedicated column, focusing on the core areas of securities compliance for listed companies: summarizing the key points of new regulatory rules, deconstructing the rationale behind typical enforcement actions, dissecting the essence of court rulings, and thoroughly examining the practical challenges of compliance. Adopting a legal‑professional perspective, we employ clear, pragmatic language and scenario‑based analysis to interpret compliance requirements, map out risk pathways, and provide actionable guidance, helping companies strengthen their internal control systems, mitigate compliance risks, and enhance the effectiveness of their compliance management.

When compliance thrives, enterprises thrive; when compliance is stable, development is stable. We hope this column will serve as a trusted partner for listed companies—helping them discern regulatory trends, address compliance challenges, mitigate compliance risks, and strengthen the foundations of sustainable growth—so that together we can foster the sound and healthy development of the capital market.

The disclosure of the 2026 interim reports has concluded. During this reporting period, some companies still issued correction announcements due to errors in their interim disclosures. This article provides a brief analysis of recently disclosed correction notices in the market.

1. Errors in the presentation of key accounting data and financial indicators.

In the key accounting data and financial indicators presented in the semi‑annual report, the income statement items—such as operating revenue and net profit—are based on figures for the first half of 2025, whereas the balance sheet items—such as total equity and total assets—are required by the reporting system to reflect year‑end 2024 data. As a result, many companies inadvertently report last year’s year‑end equity and asset figures as if they were the end‑of‑first‑half‑2025 values, leading to reporting errors.

Correction Announcement Regarding the 2026 Semi-Annual Report of JFLB, a Main Board Listed Company:

When completing the reporting of key accounting data and financial indicators, please also pay attention to the calculation of “weighted average return on equity,” and note that year-over-year changes are computed as this year’s figure minus the same period last year, rather than (this year’s first-half value – last year’s first-half value) / last year’s first-half value.

Correction Announcement Regarding the 2026 Semi-Annual Report of STAR Market Company HTRJ:

2. The shareholder information was filled out incorrectly.

When reporting semiannual shareholder information, many companies mistakenly enter the total number of ordinary shares outstanding as the “Total Number of Ordinary Shareholders (in households) as of the end of the reporting period.” However, the correct figure to report is the total number of shareholders, not the total number of ordinary shares.

Correction Announcement Regarding the 2026 Semi-Annual Report of LMGF, a Listed Company on the Shanghai Stock Exchange Main Board:

When completing this section, please ensure that you use the correct shareholder register. If you are using a consolidated margin‑financing and securities‑lending register, verify that it reflects the shareholder register as of the reporting period’s end date (e.g., for the first half of 2026, use the register as of June 30, 2026) to guarantee the accurate disclosure of shareholders’ names and shareholdings.

Correction Announcement Regarding the 2026 Semi-Annual Report of AKL, a Listed Company on the Shanghai Main Board:

Correction Announcement Regarding the 2026 Semi-Annual Report of JLJ, a Listed Company on the Shenzhen Main Board:

3. Inaccurate reporting due to improper understanding of the business.

As stipulated in the material matters section, if there is non‑operating fund occupation by the controlling shareholder or other related parties, the listed company must make a choice. For instance, even in cases of passive occupation—such as when the listed company previously extended loans to a consolidated subsidiary and subsequently sold its entire equity interest in that subsidiary to a related party, thereby resulting in non‑operating fund occupation by the related party—the company must still select “yes.”

Correction Announcement Regarding the 2026 Semi-Annual Report of RFHD, a Listed Company on the Shenzhen Main Board:

4. Basic errors caused by failure to pay attention to the unit

When preparing the semi-annual report, special attention must be paid to whether the units are yuan or ten thousand yuan; failure to do so could result in disclosed amounts that are highly implausible.

Correction Announcement Regarding the 2026 Semi-Annual Report of MNNY, a Listed Company on the Shenzhen Main Board:

Correction Announcement Regarding the 2026 Semi-Annual Report of HCGF, a Listed Company on the Shenzhen Main Board:

Summary: When preparing periodic reports, it is essential to have a deep understanding of the business and a keen awareness of the data and organizational units. After completion, thorough and repeated verification is necessary to ensure the accuracy and reliability of the reports.

(This article reflects the author’s personal views and is intended solely for informational purposes; it does not constitute legal advice or an interpretation of the law by Taihe Law Firm. This statement is hereby made.)

Liu Yufei

Business Head of the Compliance Consulting Department, Taihe (Shenzhen) Law Firm

Mr. Liu Yufei is the Head of the Compliance Consulting Department at Taihe (Shenzhen) Law Firm. Over the years, he has devoted himself to researching compliance management and information disclosure in listed companies, gaining extensive expertise in areas such as standardized corporate operations, corporate governance, capital management, and compliant transactions. He has led his team in providing services to hundreds of listed companies.

This article is published by Jiangsu Taihe Law Firm. The author is Jiangsu Taihe Law Firm, and the copyright belongs to the author. Please cite the original source when reprinting; violations will be prosecuted.

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