LPXD(SZ:002114) Ge Long Hui A P P·2025-12-16 11:04Core Points - The company, Luoping Zinc & Electricity (002114.SZ), announced that its wholly-owned subsidiary, Hongtai Mining, received a decision from the Puding County Natural Resources Bureau to revoke an administrative penalty previously imposed for illegal mining activities [1] - The administrative penalty was initially issued on June 9, 2025, for alleged illegal mining at two zinc mines in Puding County [1] - The revocation was based on procedural violations during the administrative process, as determined by the Natural Resources Bureau [1] Summary by Sections - Administrative Penalty Revocation - Hongtai Mining received a notice on December 15, 2025, stating that the administrative penalty imposed on June 9, 2025, was revoked due to procedural errors [1] - The revocation aligns with Article 75 of the Administrative Penalty Law of the People's Republic of China, which mandates correction of errors by administrative bodies [1] - Penalty Payment Details - Following the initial penalty notice, Hongtai Mining paid a total of 19,115,042.10 yuan in fines by December 9, 2025, which included specific amounts for illegal mining at both the Sandstone Zinc Mine and the Yuhe Zinc Mine [2] - The company is currently unable to determine the specific timing and amount of any penalties related to the illegal mining activities due to the revocation of the penalty [2] - The company will monitor the situation closely and may apply for a refund or adjust payments based on future developments [2]