LPXD(SZ:002114) Ge Long Hui·2025-12-16 10:51Core Viewpoint - The company, Luoping Zinc & Electricity (002114.SZ), has had an administrative penalty decision against its wholly-owned subsidiary, Hongtai Mining, revoked by the Puding County Natural Resources Bureau due to procedural violations in the handling of the case [1][2]. Group 1: Administrative Penalty Revocation - Hongtai Mining received a notice on December 15, 2025, regarding the revocation of the administrative penalty decision issued on June 9, 2025, for alleged illegal mining activities [1]. - The revocation was based on the violation of Article 64 of the Administrative Penalty Law of the People's Republic of China, which mandates that hearings must be conducted by investigators not involved in the case [1]. - The Puding County Natural Resources Bureau acknowledged the procedural error and decided to correct it by revoking the penalty [1]. Group 2: Penalty Payment and Future Actions - Following the initial penalty decision, Hongtai Mining paid a total of 19,115,042.10 yuan in fines by December 9, 2025, which included specific amounts for illegal mining activities at both the Sandstone Lead-Zinc Mine and the Yuhe Lead-Zinc Mine [2]. - The company is currently unable to determine the specific timing and amount of any future penalties related to the illegal mining activities due to the revocation of the previous decision [2]. - The company will closely monitor the developments regarding the administrative penalty and may apply for a refund or adjust payments based on future outcomes [2].