According to CoinMeta, Tianshan Shares announced that the company and its related personnel have received the "Decision on Taking Corrective Measures against Tianshan Materials Co., Ltd." as well as the "Decision on Issuing Warning Letters to Zhao Xinjun, Man Gaopeng, and Zhao Xufei." Upon investigation, it was found that the company had been imprudent in its goodwill impairment testing and the provision for bad debts in accounts receivable, indicating issues with the company's financial accounting practices, which led to inaccurate information disclosure. In addition, due to suspected violations of information disclosure regulations, the China Securities Regulatory Commission (CSRC) has decided to initiate an investigation into the company.