未及时披露重大诉讼进展情况 中央商场及相关责任人被监管“点名”

Core Viewpoint - Nanjing Central Mall (Group) Co., Ltd. has been named by regulators for failing to disclose significant litigation developments in a timely manner, leading to inaccurate financial reporting for the first half of 2025 [1][2]. Group 1: Regulatory Actions - The Jiangsu Securities Regulatory Bureau issued an administrative regulatory measure against the company and relevant responsible persons, resulting in a warning letter being placed in the securities and futures market integrity file [1]. - The Shanghai Stock Exchange also announced a regulatory warning against the company and the responsible individuals on the same evening [1]. Group 2: Litigation Details - The company disclosed on July 13, 2024, that its subsidiary, Xuzhou Central Department Store Co., Ltd., was involved in a lawsuit with Xuzhou Xulai Cultural Communication Co., Ltd. over a rental contract dispute, with the amount in question being approximately 8.7977 million yuan [1]. - On October 30, 2025, the company provided a supplemental disclosure regarding the litigation progress, stating that a first-instance judgment was received on July 2, 2025, and an appeal was filed on July 16, 2025, with mediation reached on October 24, 2025 [2]. Group 3: Compliance and Impact - Industry experts emphasized the importance of timely disclosure of significant litigation developments to protect investors' rights, noting that the company delayed its disclosure by nearly four months, which is a serious violation of the "timeliness" principle [2]. - Legal professionals indicated that negative records in the integrity file could impact the management's future qualifications for positions in listed and non-listed public companies, as regulatory bodies scrutinize such records during appointment reviews [2].