Xinqianglian (300850.SZ) and related responsible persons received a warning letter from the Henan Securities Regulatory Bureau

Zhitong Finance App News, Xinqianglian (300850.SZ) issued an announcement. The company and relevant responsible persons recently received the “Decision on Issuing Warning Letter Measures against Luoyang Xinqianglian Slewing Bearing Co., Ltd.” ([2024] No. 104) issued by the Henan Regulatory Bureau (“Henan Securities Regulatory Bureau”) of the China Securities Regulatory Commission.

After investigation, the Henan Securities Regulatory Bureau discovered that the company had problems where individual directors did not evade voting when the board of directors considered related bills, and that the registration of insider information insiders was managed irregularly. It does not comply with the provisions of Article 60 (1) of the “Governance Guidelines for Listed Companies” (Securities Regulatory Commission Notice (2018) No. 29), section 6 (1), and section 7 (1) of the “Listed Company Regulatory Guidelines No. 5 - Insider Information Insider Registration Management System” (Securities Regulatory Commission Notice (2022) No. 17).

As the chairman of the company and Kou Congmei as the secretary of the company's board of directors, Xiao Zhengqiang bears the main responsibility for the above matters. According to the provisions of Article 170 (2) of the “Securities Law of the People's Republic of China”, the Henan Securities Regulatory Bureau decided to take administrative supervision measures to issue warning letters against the company, Xiao Zhengqiang, and Kou Congmei, and record them in the securities and futures market integrity file.