Ceepower (SZ:300062) Zhong Guo Jing Ji Wang·2026-01-19 06:39Core Viewpoint - Zhongneng Electric (300062.SZ) has been issued a regulatory letter by the Shenzhen Stock Exchange for violations related to related party transactions and failure to disclose significant events [1][2] Group 1: Regulatory Violations - Zhongneng Electric failed to follow the necessary review procedures and information disclosure obligations for a related party transaction involving the acquisition of 100% equity in Fujian Xiangrui Power Engineering Co., Ltd. in June 2018 [1] - The company did not disclose the progress of a significant matter regarding the transfer of 100% equity in Dalian Ruiyou Energy Development Co., Ltd. to Zhang Jinjun, where the transfer price was reduced by 6.05 million yuan in December 2019 [1] Group 2: Responsibilities of Executives - Chen Tianxu, as the Chairman and former General Manager, bears primary responsibility for the violations, failing to fulfill his duties of integrity and diligence [2] - CHEN MANHONG, as the General Manager, and Yu Chunjiang, as the Board Secretary, also failed to perform their duties adequately regarding the second violation [2] Group 3: Fundraising Activities - Zhongneng Electric raised a total of approximately 800 million yuan over the past four years through various fundraising activities [5] - The company issued 40,485,829 shares at a price of 9.88 yuan per share, raising approximately 400 million yuan, with net proceeds of about 392.57 million yuan after deducting issuance costs [3] - The company also issued 4 million convertible bonds with a face value of 100 yuan each, raising approximately 400 million yuan, with net proceeds of about 394.84 million yuan after costs [4]