financial disclosure lapses
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Chairman of Juice Industry Leader Supplier to Mixue and Nayuki Faces Discipline After Controversy
Tianye Innovation, a key supplier to China’s major beverage brands, faces Beijing Stock Exchange disciplinary actions for financial disclosure failures. These include publishing significantly inconsistent 2024 profit figures without timely revisions or required warnings – initial figures were later slashed by 58-66%. This marks the company’s second recent compliance issue, alongside delisting risks flagged in June and an executive investigation. Its stock fell further after the sanctions announcement.
