CDG(SH:603018) Xin Hua Wang·2025-08-12 05:38Core Viewpoint - The announcement reveals that Liu Peng, a director of Huasheng Design Group, has been penalized for engaging in short-term trading, highlighting regulatory scrutiny in the capital market [1][2]. Group 1: Regulatory Actions - Liu Peng was warned and fined 150,000 yuan by the Jiangsu Securities Regulatory Bureau for short-term trading violations [1]. - The investigation found that from March 29 to April 3, 2024, Liu Peng sold 73,200 units of "Huasheng Convertible Bonds" for a total of 8.82 million yuan and bought 36,600 units for 4.56 million yuan [1]. Group 2: Company Background and Governance - Liu Peng has been with the company since its inception in 1990 and has held various leadership positions, including director and general manager since January 2017 [2]. - The company previously issued an apology regarding the short-term trading incident, indicating that Liu Peng and his relatives did not fully understand the legal regulations surrounding convertible bond trading [2]. Group 3: Industry Implications - Legal experts emphasize that the penalties for executives involved in short-term trading are crucial for maintaining market order and fairness, reflecting a zero-tolerance approach by regulatory authorities [2]. - The incident exposes potential governance issues within the company, suggesting that even high-ranking officials may engage in violations, which could undermine investor confidence [2].