ECH(SH:603200) Shang Hai Zheng Quan Bao·2025-12-25 19:40Core Viewpoint - Shanghai Xiba Technology Co., Ltd. has announced that two of its executives, Pan Yangyang and Suo Wei, have received administrative penalties from the China Securities Regulatory Commission (CSRC) for engaging in short-term trading of the company's stock [1][2]. Group 1: Administrative Penalties - Pan Yangyang, a representative director, was found to have engaged in short-term trading from September 22, 2023, to June 26, 2025, using another person's securities account to buy and sell a total of 103,300 shares, with a transaction amount of 3,286,228 yuan for purchases and 6,856,922 yuan for sales [3][4]. - Suo Wei, the vice president, was found to have engaged in similar trading activities from November 14, 2024, to August 11, 2025, buying 143,600 shares for 5,721,274 yuan and selling 172,800 shares for 8,381,256 yuan [7][8]. Group 2: Company Response and Future Actions - The company stated that the penalties do not significantly impact its daily operations and that both executives have returned the profits from their short-term trading activities to the company [9]. - The company plans to strengthen the education of its directors and senior management regarding relevant laws and regulations to prevent similar incidents in the future [9].