东方日升收宁波证监局行政监管措施决定书

Core Viewpoint - Dongfang Risen (东方日升) has been found to have violated regulations regarding timely disclosure of significant events and management of insider information, leading to administrative regulatory measures from the Ningbo Securities Regulatory Bureau [1] Summary by Relevant Sections Regulatory Violations - Dongfang Risen failed to timely disclose the progress of a significant event regarding the transfer of 100% equity of Ningxia Xuning New Energy Technology Co., Ltd. (宁夏旭宁), which was announced on June 8, 2022. The company was owed 185 million yuan, which was expected to be repaid by August 31, 2022, but as of the end of 2024, 106 million yuan remains outstanding [1] - The company did not properly implement the insider information registrant management system, failing to register individuals with insider knowledge regarding performance forecasts and other significant events [1] Accountability - The Ningbo Securities Regulatory Bureau has stated that the Chairman Lin Haifeng and the Secretary of the Board Xue Shanxing are primarily responsible for the company's violations due to their lack of diligence [1] - As a result of these findings, Dongfang Risen is subject to corrective administrative measures, while Lin Haifeng and Xue Shanxing will undergo regulatory discussions [1] - The violations will be recorded in the securities and futures market integrity database as per the relevant regulations [1]