Core Viewpoint - The actual controller of Beishimei, Chen Feng, has received a notice of investigation from the China Securities Regulatory Commission (CSRC) for failing to fulfill mandatory tender offer obligations and for violations of information disclosure regulations [1] Company Summary - Beishimei announced that Chen Feng resigned from all positions within the company over three months ago, including chairman and legal representative, due to work adjustments [1] - As of now, Chen Feng directly holds 966,400 shares of Beishimei and, together with his concerted actors, controls 29.37% of the company's equity, remaining the actual controller [1] - The company stated that the investigation pertains solely to Chen Feng as an individual and is unrelated to the daily operations and business activities of Beishimei, indicating no impact on the company's production and operations [1] Industry Summary - Beishimei is an environmentally friendly pesticide company, primarily engaged in the production and research of the environmentally friendly, efficient, and low-toxicity pesticide, Dimethenamid-P, including its raw materials, intermediates, and formulations [1] - The company is recognized as a leading player in the industry, possessing the full industrial chain production and research capabilities for Dimethenamid-P in China [1]
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