Ronbay Technology(SH:688005) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-07 14:52Core Viewpoint - Rongbai Technology is facing administrative penalties from the Ningbo Securities Regulatory Bureau due to misleading statements in a major contract announcement worth 120 billion yuan, which has led to a formal investigation by the China Securities Regulatory Commission [1][7]. Group 1: Announcement and Contract Details - On January 13, Rongbai Technology announced a major contract with CATL, stating it would supply 3.05 million tons of lithium iron phosphate cathode materials from Q1 2026 to 2031, with a total sales amount exceeding 120 billion yuan [2][5]. - The administrative penalty notice indicates that the announcement did not accurately reflect the actual terms of the cooperation agreement, including the lack of a fixed total sales amount and the uncertainty of sales figures [3][4]. Group 2: Regulatory Findings and Penalties - The Ningbo Securities Regulatory Bureau found that the company violated the Securities Law by making misleading statements, which could lead to a warning and a fine of 4.5 million yuan for the company, along with individual fines for the chairman and the secretary [5][6]. - The chairman, Bai Houshan, and the secretary, Yu Jiyun, are also facing penalties for failing to ensure the accuracy and completeness of the information disclosed [5][6]. Group 3: Market Reaction - Following the announcement, Rongbai Technology's stock was suspended for three trading days from January 14 to 16, and from January 19 to February 6, the stock price dropped by 19.49% [6][8].