Core Viewpoint - The company and related parties received an administrative penalty decision from the Beijing Regulatory Bureau of the China Securities Regulatory Commission for failing to follow proper procedures regarding guarantees provided by its wholly-owned subsidiary [1] Group 1: Administrative Penalty Details - The administrative penalty decision states that from December 2023 to January 2024, the company's wholly-owned subsidiary provided guarantees totaling 150 million yuan through pledged time deposits without the necessary board and shareholder meeting approvals [1] - The company was fined 1.5 million yuan, while the former general manager Li Chongxin was fined 600,000 yuan, the former supervisor Wang Shuo was fined 500,000 yuan, and the former vice general manager and CFO Zhao Lei was fined 400,000 yuan [1]
科净源：公司及相关当事人收到北京监管局《行政处罚决定书》