Core Viewpoint - Dongfang Risen has received an administrative penalty from the Ningbo Regulatory Bureau of the China Securities Regulatory Commission for failing to timely disclose significant event progress and for inadequate management of insider information registration [1] Summary by Relevant Sections - Administrative Penalty Dongfang Risen New Energy Co., Ltd. and its chairman Lin Haifeng, along with board secretary Xue Shanxing, were penalized for not disclosing the overdue payment of 184.8475 million yuan from Ningxia Xuning, which remains unpaid with a balance of 105.6586 million yuan as of the end of 2024 [1] - Insider Information Management The company did not properly execute its insider information knowledge registration system, failing to register significant events such as earnings forecasts [1] - Responsibility of Executives Lin Haifeng and Xue Shanxing were found to have not fulfilled their duties diligently and are held primarily responsible for the company's actions [1] - Regulatory Measures The Ningbo Securities Regulatory Bureau has mandated corrective administrative measures for Dongfang Risen and has conducted regulatory discussions with Lin Haifeng and Xue Shanxing, which will be recorded in the securities and futures market integrity database [1]
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