JINSHENG(SZ:300849) Zheng Quan Ri Bao Wang·2025-10-22 13:41Core Viewpoint - Zhejiang Jinsong New Materials Co., Ltd. is facing regulatory penalties for information disclosure violations, with a total fine of 4.5 million yuan proposed by the China Securities Regulatory Commission [1][2]. Summary by Sections Regulatory Actions - The company and four related individuals received a warning and a total fine of 4.5 million yuan from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission [1]. - The penalties include 1.5 million yuan for the company, 1.5 million yuan for the chairman, and varying fines for other executives [2]. Related Transactions - In December 2021, Jinsong New Materials signed a construction contract with Zhejiang Hongxiang for a project to produce 60 million cosmetic packaging containers, which was later internally contracted to Ruan Zhongyan, the actual controller's nephew [1][2]. - The related party transaction amounted to 120 million yuan in 2022, representing 18.6% of the company's audited net assets for that year [2]. Company Response - The company stated that its operations remain normal and that the incident will not significantly impact its business [2]. - Jinsong New Materials expressed sincere apologies to investors and committed to improving internal governance and information disclosure practices [2].