Shida Shinghwa Advanced Material(SH:603026) Mei Ri Jing Ji Xin Wen·2025-06-27 13:57Core Viewpoint - Shida Shenghua has been ordered to rectify its insider information management practices by the Shandong Securities Regulatory Bureau due to violations in the registration management of insider information [2][3] Group 1: Regulatory Actions - The Shandong Securities Regulatory Bureau found two major issues in Shida Shenghua's insider information management: failure to timely revise the insider information registration management system and not properly documenting insider information for significant events [2] - As a result, the bureau has mandated corrective actions for Shida Shenghua and issued warning letters to its chairman Guo Tianming and board secretary Lü Junqi, who are held primarily responsible for the violations [2][3] - The company is required to submit a rectification report within 30 days of receiving the decision [2] Group 2: Short-term Trading Incident - In 2023, it was reported that the spouse of former director Zhang Jinlou engaged in short-term trading of Shida Shenghua's shares, resulting in a profit of over 5,000 yuan [1][3] - The spouse, Liu Mei, conducted 46 transactions from August 6, 2020, to February 20, 2023, buying a total of 59,700 shares for 3.72 million yuan and selling 53,700 shares for 3.17 million yuan [3][4] - The Shanghai Stock Exchange criticized Zhang Jinlou for not being aware of his spouse's trading activities, stating that ignorance does not exempt him from responsibility [4] Group 3: Company Response and Future Actions - Shida Shenghua has expressed its commitment to addressing the issues highlighted in the regulatory decision and will enhance compliance awareness and risk management [2] - The company emphasized that the regulatory measures will not affect its normal production and operational activities and will continue to fulfill its information disclosure obligations [2]