JSSS(SH:600220) Zhong Guo Jing Ying Bao·2026-01-15 04:57Core Viewpoint - Jiangsu Sunshine has been penalized for failing to timely disclose a related party transaction, resulting in a warning and fines for the company and its executives [1][2]. Group 1: Administrative Penalties - Jiangsu Sunshine received a warning and a fine of 2 million yuan from the Jiangsu Securities Regulatory Bureau for not disclosing a related party transaction in a timely manner [1]. - The company's former legal representative and chairman, Lu Yu, was fined 500,000 yuan, while the general manager Gao Qinghua, financial director Pan Xinlei, and board secretary Yang Zhihao were fined 300,000 yuan, 300,000 yuan, and 200,000 yuan respectively [1]. Group 2: Related Party Transaction Details - On April 27, 2023, Jiangsu Sunshine's board approved a proposal to purchase land use rights from its controlling shareholder, Jiangsu Sunshine Group, for a total of 170.4423 million yuan, which accounted for 7.07% of the company's latest audited net assets [1]. - The shareholders' meeting on May 18, 2023, approved the proposal, and the land transfer agreement was signed on the same day, stipulating that Jiangsu Sunshine would pay the total transfer price within 30 days [1]. Group 3: Payment and Compliance Issues - Jiangsu Sunshine made payments totaling 170 million yuan to Sunshine Group by May 22, 2023, but as of December 31, 2023, the group had not cooperated in completing the property rights transfer registration and had not returned the transfer payment [2]. - By June 30, 2025, Sunshine Group had returned all occupied funds and interest [2]. Group 4: Stock Market Impact - Jiangsu Sunshine was delisted from the stock market on July 10, 2024, after its stock price closed below 1 yuan for 20 consecutive trading days [3].