Zhong Guo Zheng Quan Bao·2025-12-29 14:40Core Viewpoint - Ganfeng Lithium has been implicated in insider trading related to the stock of *ST Jiangte, leading to legal proceedings after an administrative penalty from the Jiangxi Securities Regulatory Bureau [1][2]. Group 1: Legal Proceedings - On December 29, Ganfeng Lithium received a notice from the Yichun Public Security Bureau regarding the prosecution for suspected insider trading, which has been forwarded to the procuratorate for review and prosecution [1]. - The company acknowledges the legal process and has complied with previous administrative penalties, including a fine and corrective actions [1]. Group 2: Financial Penalties - In July 2024, Ganfeng Lithium was fined a total of 442.12 million yuan (approximately 63.5 million USD) for insider trading, which included the confiscation of illegal gains of 1.11 million yuan (approximately 160,000 USD) and additional fines [1][2]. - The chairman, Li Liangbin, received a warning and a fine of 600,000 yuan (approximately 87,000 USD), while the former board secretary, Ouyang Ming, was also fined [1]. Group 3: Trading Activities - The investigation revealed that Ganfeng Lithium's securities account traded 15,677,700 shares of *ST Jiangte stock between June 23 and July 2, 2020, with a total investment of 26.48 million yuan (approximately 3.8 million USD) [2]. - The company realized a profit of 1.11 million yuan (approximately 160,000 USD) from these transactions, which were conducted during a sensitive period for insider information [2].