Chinese Company Says Annual Report May Not Be Truthful

WSJ: This Listed Chinese Company Says It Won’t Stand By Its Own Earnings Report
“The company’s board of directors, board of supervisors and senior management are unable to guarantee the truthfulness, accuracy and comprehensiveness of the annual report. Nor are they able to guarantee that the report doesn’t contain any false records, misleading statements or significant omissions.”

“The reason is: the current state of the company,” Boyuan said.

That “current state” includes having recently been placed under investigation by China’s securities watchdog and police for allegations of illegal disclosure and failure to disclose important information.
At least they're honest.

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