Core Viewpoint - Huayang New Materials (600281.SH) announced that its parent company, Huayang New Materials Technology Group, received an administrative penalty from the China Securities Regulatory Commission (CSRC) for significant omissions in information disclosure due to unauthorized fund transfers totaling approximately 1.13 billion yuan [1] Group 1: Regulatory Actions - The CSRC's Shanxi Bureau found that from April to June 2021, Huayang Group transferred funds totaling 1,126,449,959.33 yuan from its subsidiary Lu Hua Technology without consent, constituting non-operational fund occupation [1] - As a result of these findings, Huayang Group was fined 4 million yuan, while the financial officer Gao Yanqing was fined 2 million yuan, and the financial specialist Fan Zongli was fined 900,000 yuan [1]
华阳新材:华阳集团及财务总监高彦清因资金占用被行政处罚