XCEC(SH:600777) Shang Hai Zheng Quan Bao·2025-10-24 20:58Group 1 - The company, Shandong Xinchao Energy Co., Ltd., received an administrative penalty decision from the Shandong Securities Regulatory Bureau for failing to disclose its 2024 annual report on time [2][3] - The company announced on April 28, 2025, that it would not be able to disclose the annual report by the legal deadline of April 30, 2025, leading to a suspension of its stock trading starting May 6, 2025 [2][3] - The penalties include a warning and a fine of 3 million yuan for the company, while the former chairman and general manager Liu Bin and the former director and financial director Bing Zhou received fines of 1.2 million yuan and 800,000 yuan respectively [3] Group 2 - As of the announcement date, the company disclosed its 2024 annual report on July 4, 2025, and is committed to strengthening internal control processes and compliance [4] - The company assures that all business activities are operating normally and expresses sincere apologies to investors for the impact of the incident [4] - The company will enhance training on relevant laws and regulations to ensure compliance with information disclosure obligations in the future [4]