Tonhe TECH.(SZ:300491) Xin Lang Cai Jing·2025-08-29 17:33Core Viewpoint - Shijiazhuang Tonghe Electronic Technology Co., Ltd. (stock code: 300491) announced its recent regulatory measures and penalties over the past five years in light of its plan to issue convertible bonds to unspecified objects [1] Summary by Sections Regulatory History - The company has not faced any penalties from the China Securities Regulatory Commission, Hebei Securities Regulatory Bureau, or Shenzhen Stock Exchange in the last five years [2] - However, it was subject to regulatory measures, including: - On December 21, 2020, the Hebei Securities Regulatory Bureau issued an administrative regulatory measure due to two main issues: - Delayed disclosure of a significant agreement: On October 30, 2019, the company signed a "Quadripartite Settlement Agreement" with Fujian Yufu Intelligent Technology Co., Ltd., involving a debt arrangement of 21.05 million yuan, which increased the company's total profit for 2019 by 3.8063 million yuan, accounting for 20.63% of the absolute value of the 2018 profit. This was disclosed in the 2019 annual report only on April 25, 2020 [2] - Delayed disclosure of important operational qualifications: The subsidiary Xi'an Howey Power Co., Ltd. obtained a CNAS accreditation certificate on June 20, 2019, which significantly impacted its profitability and company goodwill. This was disclosed in the mid-term report only on August 28, 2019 [2] - As a result, the Hebei Securities Regulatory Bureau took administrative regulatory measures against the company and its chairman, Ma Xiaofeng, and board secretary, Zhu Jialin, which were recorded in the integrity file [2] - The company implemented corrective measures, including requiring the chairman and board secretary to participate in regulatory discussions and organizing training on information disclosure rules for relevant personnel [2] Subsequent Actions - On January 7, 2021, the Shenzhen Stock Exchange issued a regulatory letter to the company regarding the delayed disclosure of the "Quadripartite Settlement Agreement," which involved a 21.05 million yuan accounts receivable compensation arrangement that increased the 2019 profit by 3.8063 million yuan, accounting for 20.63% of the most recent audited profit total [2] - The Shenzhen Stock Exchange emphasized the importance of addressing the issues, learning from the experience, and timely rectifying the situation [2] - The company organized training for relevant personnel to enhance diligence and compliance awareness, aiming to improve the quality and level of information disclosure and prevent similar occurrences in the future [2]