Sou Hu Cai Jing·2025-10-31 12:17Core Viewpoint - The company announced that its wholly-owned subsidiary, First Capital Securities Underwriting and Sponsorship Co., Ltd., is under investigation by the China Securities Regulatory Commission (CSRC) for alleged negligence in its supervisory duties related to the Hongda Xingye Co., Ltd. convertible bond project in 2019 [1][4]. Group 1 - The CSRC has decided to initiate a case against First Capital Securities due to the suspected failure to diligently perform its continuous supervision duties [1]. - The company stated that First Capital Securities will actively cooperate with the CSRC and will strictly adhere to regulatory requirements for information disclosure [4]. - The operational status of the company and First Capital Securities remains normal at this time [4].