mailyard(SH:600107) Xin Lang Cai Jing·2026-02-02 08:16Core Viewpoint - Hubei Meirya Co., Ltd. (ST Meirya) has been penalized by the China Securities Regulatory Commission (CSRC) for failing to disclose non-operating fund occupation and related party transactions, which involved significant amounts of money flowing to its actual controller, Zheng Jiping [2][3]. Summary by Sections Administrative Penalty - On January 31, 2026, ST Meirya announced that it and related personnel received an administrative penalty decision [1]. - The CSRC found that ST Meirya and its actual controller Zheng Jiping were involved in illegal activities related to undisclosed related party transactions [2]. Financial Transactions - From November 2022 to March 2023, ST Meirya and its subsidiaries transferred a total of 10.372 million yuan to related parties, which constituted non-operating fund occupation [2]. - The amounts involved were 7.15 million yuan (9.42% of the latest audited net assets) in late 2022 and 3.222 million yuan (5.12% of the latest audited net assets) in the first half of 2023 [2]. Disclosure Issues - ST Meirya failed to disclose the non-operating fund occupation in its 2022 annual report and 2023 semi-annual report, with undisclosed amounts of 7.15 million yuan and 3.222 million yuan respectively [2][3]. - The company corrected accounting errors in April 2024, indicating inaccuracies in financial data disclosures [3]. Legal Implications - Due to the violations, ST Meirya may face civil compensation claims from investors who suffered losses as a result of the company's actions [4]. - Investors who purchased ST Meirya's securities between April 29, 2023, and April 29, 2024, and sold or held them after April 30, 2024, are eligible to register for compensation [4].