SMIC(SH:600810) Shang Hai Zheng Quan Bao·2025-11-28 20:38Core Viewpoint - Shennong Industrial Co., Ltd. received a warning letter from the Henan Securities Regulatory Bureau for failing to disclose related party transactions properly, which exceeded the annual expected amount and required shareholder approval [1][2]. Group 1: Warning Letter Details - The warning letter indicates that Shennong Industrial engaged in related party transactions amounting to 1.94 billion yuan from January to September 2025, exceeding the annual expected amount by 440 million yuan, which is 6.14% of the company's audited net assets for 2024 [1]. - The company did not follow the required procedures for reviewing related party transactions and disclosing information, violating the "Management Measures for Information Disclosure of Listed Companies" [1][2]. Group 2: Responsibilities and Actions - The chairman, general manager, and board secretary of the company are primarily responsible for the violations noted in the warning letter [2]. - The regulatory authority has mandated the company and the responsible individuals to improve their understanding of securities laws and regulations, and to submit a written rectification report within 30 days of receiving the decision [2]. Group 3: Company Response - The company acknowledges the issues raised in the warning letter and commits to serious reflection and rectification, aiming to enhance compliance with securities laws and improve the quality of information disclosure [3]. - The company asserts that the warning letter will not affect its normal business operations and will adhere to disclosure obligations as required [3].