Mei Ri Jing Ji Xin Wen·2025-12-30 13:24Core Viewpoint - Ganfeng Lithium has been upgraded from administrative penalties to judicial prosecution for insider trading, with the case now sent to the procuratorate for review and prosecution [1][2]. Group 1: Case Background - The insider trading case began in 2020 when Ganfeng Lithium engaged in stock trading of Jiangte Motor during a sensitive period related to potential cooperation, resulting in profits exceeding 1.1 million yuan [1][4]. - The company received an administrative penalty from the Jiangxi Securities Regulatory Bureau in 2024, with a total penalty amount exceeding 4 million yuan [1][5]. Group 2: Legal Proceedings - On December 29, 2025, Ganfeng Lithium received a notice from the Yichun Public Security Bureau regarding the transfer of the case for prosecution due to suspected unit crime of insider trading [2][3]. - The company has stated that this prosecution is a normal judicial procedure following the administrative penalties and does not expect it to impact normal business operations [2][3]. Group 3: Financial Implications - Ganfeng Lithium's stock trading activities during the insider information sensitive period included transferring 30 million yuan to a securities account and purchasing approximately 15.68 million shares of Jiangte Motor, resulting in a profit of 1.1 million yuan [4][5]. - The total penalties imposed included the confiscation of illegal gains of 1.1 million yuan and fines totaling approximately 3.32 million yuan for the company, along with individual fines for the chairman and secretary [5].