XCC(SH:603667) Xin Lang Cai Jing·2025-11-17 08:51Core Viewpoint - The company is preparing to issue A-shares to specific targets for the year 2025, and has received a supplementary legal opinion from Guohao Law Firm regarding the Shanghai Stock Exchange's inquiry letter [1] Regulatory Compliance - The company and its subsidiaries, including Sichuan Wuzhou Changxin Technology and Zhejiang Xinlong Industry, have faced a total of 6 administrative penalties during the reporting period, related to unauthorized land occupation and fire safety violations [1] - The fines imposed range from 4,039.80 yuan to 1.675 million yuan, with most penalties being at the lower end of the regulatory range [1] Impact Assessment - The penalties have not resulted in serious environmental pollution, major casualties, or adverse social impacts, indicating that the violations are not classified as significant harm to investors' legal rights or public interests [1]