Qinghai Spring(SH:600381) 智通财经网·2025-05-23 10:13Core 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 Zhang Xuefeng, Xiao Rong, Wang Lin, and Chen Ding [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] Group 2: Violations and Responsibilities - *ST Chuntian's actions violated multiple provisions of the "Management Measures for Information Disclosure of Listed Companies" [2] - Key executives, including the chairman and financial director, were held primarily responsible for the violations, with specific articles of the regulations cited against them [2]