Core Viewpoint - Hongta Securities has addressed media reports regarding its involvement in a court case and the subsequent restriction on consumption measures against the company and its legal representative, clarifying that the payment obligation lies with a specific asset management plan and not the company itself [1] Group 1 - Hongta Securities was reported as a defendant in a court case filed in Beijing Financial Court on July 1, 2023, under case number (2025) Jing 74 Zhi 1145 [1] - The media reports indicated that both the company and its legal representative faced consumption restrictions, which have since been lifted [1] - The case arose from an arbitration involving Shanghai Tongxiao Investment Development Center (Limited Partnership), with the payment obligation confirmed to be on Hongta Securities Hongxin No. 2 Single Asset Management Plan, not on Hongta Securities as an independent legal entity [1]

Core Viewpoint - Hongta Securities (601236) has addressed media reports regarding its involvement in a court case and the subsequent restriction on consumption measures against the company and its legal representative, confirming that the situation does not impact its financial performance or operations [1] Group 1 - Hongta Securities has been named as a defendant in a court case (2025) Jing 74 Zhi 1145, filed by the Beijing Financial Court on July 1, 2025, related to an arbitration with Shanghai Tongxiao Investment Development Center [1] - The payment obligation confirmed in the arbitration ruling pertains to Hongxin No. 2 managed by Hongta Securities, not Hongta Securities itself, indicating that the company has no payment obligations towards Tongxiao No. 1 [1] - The restriction on consumption measures against the company and its legal representative, Shen Chunhui, has been lifted, and normal operations and activities have resumed [1]

Core Viewpoint - Hongta Securities (601236) addresses media reports regarding a legal case involving the company, clarifying that the execution case does not impact its financial performance or operations [1] Group 1: Legal Case Details - The media reported on a case filed by the Beijing Financial Court, which is related to an arbitration involving Shanghai Tongxiao Investment Development Center [1] - The execution case number is (2025) Jing 74 Zhi 1145, and it pertains to a payment obligation confirmed by an arbitration ruling [1] - The payment obligation is attributed to Hongta Securities Hongxin No. 2 Single Asset Management Plan, not Hongta Securities itself [1] Group 2: Impact on Company Operations - Hongta Securities is not liable for any payment obligations related to Tongxiao Changce No. 1 Private Securities Investment Fund [1] - The arbitration and execution results do not affect the company's profit and loss or overall business operations [1] - The restriction on consumption for the company and its legal representative, Shen Chunhui, has been lifted, allowing normal business operations and travel [1]

Core Viewpoint - Hongta Securities (601236.SH) is currently involved in a legal case where it has been listed as a defendant and subjected to consumption restrictions, but these restrictions have been lifted, and the company's operations are normal [1] Group 1: Legal Proceedings - The company is a defendant in a case filed in the Beijing Financial Court on July 1, 2023, under case number (2025) Jing 74 Zhi 1145 [1] - The media reports indicate that the restrictions stem from an arbitration related to Shanghai Tongxiao Investment Development Center (Limited Partnership) [1] - The payment obligation confirmed by the arbitration ruling is attributed to Hongta Securities Hongxin No. 2 Single Asset Management Plan, not Hongta Securities itself [1] Group 2: Company Operations - The consumption restriction order has been revoked, allowing normal operations for the company and its legal representative, Mr. Shen Chunhui [1] - The company does not have any payment obligations towards Tongxiao Changce No. 1 Private Securities Investment Fund [1]

Core Viewpoint - Hongta Securities (601236.SH) is currently involved in a legal case where it has been listed as a defendant and subjected to consumption restrictions, but the company clarifies that it is not liable for the payment obligations in the related arbitration case [1] Group 1: Legal Proceedings - Hongta Securities has been named as a defendant in a case filed in the Beijing Financial Court on July 1, 2023, under case number (2025) Jing 74 Zhi 1145 [1] - The media reports indicate that the restrictions on consumption were imposed on both the company and its legal representative, but these restrictions have since been lifted [1] Group 2: Financial Obligations - The payment obligations in the arbitration case are confirmed to be the responsibility of Hongta Securities Hongxin No. 2 Single Asset Management Plan ("Hongxin No. 2") rather than Hongta Securities itself [1] - Hongta Securities is an independent legal entity and does not have any payment obligations towards the Tongxiao Changce No. 1 Private Securities Investment Fund ("Tongxiao No. 1") [1] Group 3: Operational Status - Following the lifting of the consumption restrictions, the company's operations and the work and travel of its legal representative, Mr. Shen Chunhui, are reported to be normal [1]

证券代码：601236 证券简称：红塔证券 公告编号：2025-046 目前，前述限制消费令已经撤销，公司经营和公司法定代表人沈春晖先 生的工作及出行一切正常。 一、传闻简述 红塔证券股份有限公司 关于媒体报道相关事项的说明公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 根据《这家上市券商及总裁，被限高！》等相关报道，公司在北京金融 法院今年 7 月 1 日立案的（2025）京 74 执 1145 号执行案件中列为被执行人，且 公司及公司法定代表人被采取限制消费措施。 媒体报道相关事项系由公司与上海潼骁投资发展中心（有限合伙）（以 下简称"潼骁投资"）相关仲裁引起，根据仲裁结果，本案执行依据的裁决书所 确认的付款义务人为红塔证券红鑫 2 号单一资产管理计划（"红鑫 2 号"）而非 红塔证券，红塔证券作为独立法人对潼骁长策 1 号私募证券投资基金（"潼骁 1 号"）不负有任何付款义务。 近日，红塔证券股份有限公司（以下简称"公司"、"红塔证券"）关注到有 媒体发布题为《这家上市券商及总裁，被限高！》等相关报 ...

近日，北京金融法院发布的针对红塔证券及其法定代表人沈春晖的限制消费令引发关注。红塔证券方面 表示，该项限制令目前已经撤销，公司经营和沈春晖先生的工作及出行一切正常。该限制消费令源于公 司管理的"红鑫2号"资产管理产品与上海潼骁投资前期仲裁案的执行。根据仲裁结果，相关赔偿及执行 金额应当由红塔证券资管产品红鑫2号承担，不涉及公司自有资产。该仲裁案件及进展情况已在公司 2024年年报和2025年半年报中进行披露。目前公司经营正常，仲裁和执行不会对公司损益及整体经营情 况构成影响。（智通财经） ...

又有券商高管被限高。 近日，天眼查公开信息显示，红塔证券被北京金融法院采取执行措施，涉及金额1.02亿元。因为该执行案件，红塔证券及法定代表人沈春晖均被限制高消 费。 券商中国记者查阅红塔证券半年报获悉，该纠纷源于红塔证券一资管产品与上海一家私募机构的债券质押式协议回购交易业务，涉事债券标的正是多年前 仲裁结果显示，上述券商资管产品要偿还本金及其利息、补息、罚息累计9622.11万元。今年7月初上述私募机构已向法院申请强制执行，8月1日北京金融 法院已从该资管产品托管账户划扣3793.21万元。 红塔证券被限高 据天眼查近日披露的红塔证券限制消费令，7月1日，北京金融法院立案执行上海潼骁投资发展中心（有限合伙）（以下简称"上海潼骁投资"）申请对红塔 证券国内非涉外仲裁裁决的执行一案。据悉，涉案执行金额达1.02亿元。 据悉，由于红塔证券未按执行通知书指定的期间履行生效法律文书确定的给付义务，北京金融法院依照《中华人民共和国民事诉讼法》《最高人民法院关 于限制被执行人高消费及有关消费的若干规定》等相关规定，对红塔证券采取限制消费措施，该公司及其法定代表人不得实施高消费及非生活和工作必需 不久，华晨集团债券违约引 ...

Core Viewpoint - Hongta Securities is facing high consumption restrictions due to a court ruling related to a financial dispute involving a bond repurchase agreement linked to the "Huachen Bond" default incident [2][6][8]. Group 1: Legal and Financial Issues - The Beijing Financial Court has imposed execution measures on Hongta Securities, involving an amount of 102 million yuan due to a failure to fulfill payment obligations as per a legal ruling [2][6]. - The dispute originated from a bond repurchase transaction between a Hongta Securities asset management product and a private equity firm, with the involved bond being the "Huachen Bond," which defaulted in 2020 [4][8]. - The arbitration ruling mandated that the asset management product must repay a total of 96.22 million yuan, including principal, interest, and penalties [4][9]. Group 2: Impact of Huachen Bond Default - The "Huachen Bond" default has had a lasting impact on financial institutions, with Hongta Securities managing an asset product that was directly affected by this incident [8][9]. - Following the default, the bond issuer, Huachen Group, entered bankruptcy proceedings, which further complicated the financial obligations of Hongta Securities [8][9]. - The court has already deducted 37.93 million yuan from the asset management product's account as part of the enforcement of the court's ruling [10]. Group 3: Company Response - Hongta Securities has stated that the arbitration ruling will not have a significant adverse impact on the company [10]. - The company’s legal representative, Shen Chunhui, is also subject to the high consumption restrictions imposed by the court [6][10].

Core Viewpoint - The news highlights the issuance of a consumption restriction order against Hongta Securities and its CEO, Shen Chunhui, due to a legal dispute over a bond repurchase transaction, marking a significant event in the brokerage industry [1][4]. Group 1: Legal and Financial Context - Hongta Securities received a consumption restriction order from the Beijing Financial Court on September 1, 2025, due to failure to fulfill payment obligations as per a legal document [1][8]. - The dispute originated from a bond repurchase transaction involving Hongta Securities' Hongxin No. 2 asset management plan and Shanghai Tongxiao Investment's Tongxiao No. 1 private fund, leading to claims exceeding 96 million yuan [3][5]. - The arbitration case was initiated by Shanghai Tongxiao Investment, with the execution amount set at approximately 102.47 million yuan [6]. Group 2: Financial Performance - In the first half of 2025, Hongta Securities reported a total profit of 798 million yuan, with a net profit attributable to shareholders of 670 million yuan, reflecting a year-on-year increase of 49.25% [6][7]. - The company's total assets reached approximately 59.42 billion yuan, with total liabilities of about 33.99 billion yuan, indicating a slight increase in equity [7]. Group 3: Impact on Management - Shen Chunhui, as a result of the consumption restriction, is prohibited from engaging in high-consumption activities, which will significantly affect his personal and professional life [9][10]. - Despite a high salary, Shen Chunhui's tenure has seen fluctuating performance for Hongta Securities, with net profits showing significant volatility during his leadership [11][12]. - The restriction and ongoing legal issues cast a shadow over Hongta Securities' future, raising questions about its ability to resolve disputes and improve its investment banking performance under Shen's leadership [14].