Huaying Agricultural(SZ:002321) Xin Lang Cai Jing·2025-09-19 11:55Core Viewpoint - Huaying Agriculture has initiated corrective actions following the issuance of a regulatory decision by the Henan Securities Regulatory Bureau, which identified issues related to asset transfer and failure to disclose important information [1][2]. Issues Identified - The company failed to timely review and disclose an asset transfer agreement signed on January 15, 2020, with a subsidiary, which was only reviewed by the board on April 15, 2022, violating relevant disclosure regulations [2]. - The company also neglected to follow the review process and disclose the abandonment of the minority shareholders' right of first refusal regarding a 49% equity transfer in March 2023, which similarly breached disclosure regulations [2]. Corrective Measures - The company held board meetings on September 2 and September 19, 2025, to review and approve the necessary disclosures regarding the abandonment of the right of first refusal and related transactions [3]. - Strengthening compliance management and mechanism construction, requiring responsible personnel to enhance their understanding of relevant laws and regulations, and clarifying reporting obligations and processes [3]. - Conducting professional training for key personnel, including directors and senior management, to improve compliance with information disclosure practices [3]. Summary of Rectification - The regulatory measures from the Henan Securities Regulatory Bureau serve as a significant warning for the company to enhance internal controls, improve information disclosure quality, and elevate governance standards [4]. - The company has completed the necessary rectifications and aims to continuously optimize its execution, focusing on legal education for responsible personnel and improving the information disclosure management system to protect the interests of the company and its shareholders [4].