Three Gorges New Materials announced that the company received a decision on administrative supervision measures from the Hubei Securities Regulatory Bureau, indicating that the company had problems with inaccurate disclosure of financial information in the 2018 annual report and untimely disclosure of related transactions. Xu Xizhong, then chairman of the company, Zhang Jinkui, general manager, and Yang Xiaoping, secretary of the board of directors, failed to fulfill their duties of diligence and due diligence. The Supervisory Authority decided to take administrative supervision measures to issue warning letters against the company and related responsible persons, and record them in the securities and futures market integrity file. The company and relevant responsible persons will learn lessons, strengthen the study of laws and regulations, formulate rectification plans, improve internal governance, ensure that information disclosure is true, accurate and complete, and submit rectification reports within the specified time.

Three Gorges New Materials announced that the company received a decision on administrative supervision measures from the Hubei Securities Regulatory Bureau, indicating that the company had problems with inaccurate disclosure of financial information in the 2018 annual report and untimely disclosure of related transactions. Xu Xizhong, then chairman of the company, Zhang Jinkui, general manager, and Yang Xiaoping, secretary of the board of directors, failed to fulfill their duties of diligence and due diligence. The Supervisory Authority decided to take administrative supervision measures to issue warning letters against the company and related responsible persons, and record them in the securities and futures market integrity file. The company and relevant responsible persons will learn lessons, strengthen the study of laws and regulations, formulate rectification plans, improve internal governance, ensure that information disclosure is true, accurate and complete, and submit rectification reports within the specified time.