董秘线上“泄密”后，公司股价“五连板”！光华科技收警示函

Core Viewpoint - Guanghua Technology received a warning letter from the Guangdong Securities Regulatory Bureau due to the disclosure of non-public information regarding its lithium sulfide production capacity and expected performance for 2024 during an online meeting on November 19, 2024, which was not disclosed in a timely manner [1][5][11] Group 1: Company Actions and Responses - The company and its Secretary of the Board, Yang Rongzheng, were held primarily responsible for the violation of the Information Disclosure Management Measures [5][11] - Guanghua Technology stated it would enhance legal and regulatory training to prevent similar incidents in the future [5] - The company announced that the administrative measures would not affect its normal production and operational activities [5] Group 2: Market Reaction - Following the disclosure of non-public information, Guanghua Technology's stock experienced a "five consecutive limit-up" period from November 20 to 26, 2024, with a total increase of 61.02% [4][5] - However, the stock faced a sharp decline with three consecutive limit-downs from November 27 to 29, 2024, indicating significant volatility [5] Group 3: Legal and Regulatory Context - The warning letter indicated that Yang Rongzheng's actions violated the relevant provisions of the Information Disclosure Management Measures, which require timely and fair disclosure of significant information [5][11] - Legal experts noted that disclosing information in a non-public setting contravenes the principles of openness, fairness, and justice, potentially disadvantaging other investors [11]