According to the Hainan Huatie announcement, the company received a notice from the China Securities Regulatory Commission to file a case in 2025 due to suspected illegal disclosure of information. Recently, the company and those responsible received the “Advance Notice of Administrative Penalty”. It was discovered that the company had problems with incomplete disclosure of temporary announcements of major contracts and untimely disclosure of major developments or changes. The then-general manager Hu Danfeng, chairman Zhang Qiao, and board secretary Guo Haibin were not diligent and conscientious; they were directly responsible. The Zhejiang Regulatory Bureau of the China Securities Regulatory Commission plans to order corrections, warnings, and fines the company 8 million yuan; Hu Danfeng, Zhang Qiao, and Guo Haibin were fined 4 million yuan, 2.6 million yuan, and 2.6 million yuan respectively. The company is not affected by related risk warnings and delisting situations, and is currently operating normally.

According to the Hainan Huatie announcement, the company received a notice from the China Securities Regulatory Commission to file a case in 2025 due to suspected illegal disclosure of information. Recently, the company and those responsible received the “Advance Notice of Administrative Penalty”. It was discovered that the company had problems with incomplete disclosure of temporary announcements of major contracts and untimely disclosure of major developments or changes. The then-general manager Hu Danfeng, chairman Zhang Qiao, and board secretary Guo Haibin were not diligent and conscientious; they were directly responsible. The Zhejiang Regulatory Bureau of the China Securities Regulatory Commission plans to order corrections, warnings, and fines the company 8 million yuan; Hu Danfeng, Zhang Qiao, and Guo Haibin were fined 4 million yuan, 2.6 million yuan, and 2.6 million yuan respectively. The company is not affected by related risk warnings and delisting situations, and is currently operating normally.