TC(SH:603421) Xin Lang Cai Jing·2025-09-19 11:50Core Viewpoint - Dingshin Communication (603421) has received a regulatory warning from the Shanghai Stock Exchange due to issues related to information disclosure, which may mislead investors regarding its technology authorization agreement with Pingtouge (Shanghai) Semiconductor Technology Co., Ltd [1][2]. Group 1: Information Disclosure Issues - On September 18, 2025, Dingshin Communication stated on the E Interactive platform that it had signed a comprehensive technology authorization agreement with Pingtouge, leading to a stock price surge on September 19 [1]. - The company later clarified that the authorization agreement signed on December 26, 2022, only granted rights to use E801/E802/E803 technologies for chip self-development, with a contract value of 2 million yuan and a validity period of five years [1]. - The authorized technology is limited to MCU chips for traditional power and security products, such as electric meters and security products, and is unrelated to AI computing power chips [1]. Group 2: Regulatory Actions - The Shanghai Stock Exchange's Listing Company Management Department issued a regulatory warning to Dingshin Communication and its former board secretary, Hu Sixiang, for failing to fulfill their disclosure responsibilities [2]. - The company is required to implement effective corrective measures, conduct a compliance risk assessment, and submit a rectification report signed by all board members within one month of receiving the decision [2].