智通财经网·2025-05-23 09:30Core Viewpoint - The company *ST Chuntian (600381.SH) has received regulatory measures from the China Securities Regulatory Commission (CSRC) for failing to disclose related party transactions and relationships with Yibin Tinghua Wine Industry Development Co., Ltd. [1][2] Group 1: Regulatory Actions - The CSRC's Qinghai Regulatory Bureau issued a decision on May 23, 2025, requiring *ST Chuntian to rectify its actions and issued warning letters to key executives including Chairman Zhang Xuefeng and others [1][2] - The company was found to have made prepayments to Yibin Tinghua for product purchases without disclosing the related party relationship and transaction details [1][2] Group 2: Violations and Responsibilities - *ST Chuntian violated multiple provisions of the Information Disclosure Management Measures, specifically Articles 2, 48, and 41 of the relevant regulations [2] - Key executives, including Zhang Xuefeng, actual controller and former director Xiao Rong, financial director Wang Lin, and board secretary Chen Ding, were held primarily responsible for the violations [2]