TIP Group(SH:605255) 中国基金报·2026-01-14 15:58Core Viewpoint - Tianpu Co., Ltd. has completed its board of directors' re-election and the appointment of related executives, which has raised concerns from the Shanghai Stock Exchange regarding the qualifications of the appointed personnel and their impact on the company's operations [2][6]. Group 1: Board Changes and Appointments - The company announced the election of Yang Gongyifan as chairman, and Li Chenling and Kang Xiao as directors, with Chen Jiewen appointed as deputy general manager and CFO, and Kang Xiao as board secretary [10]. - The newly appointed executives previously held significant positions at Zhonghao Xinying Technology Co., Ltd., which holds 10.75% of Tianpu's shares and is the largest shareholder of Tianpu's controlling shareholder, Zhejiang Tianpu Holdings [3][4]. Group 2: Regulatory Concerns - The Shanghai Stock Exchange has issued an inquiry letter requesting Tianpu to clarify the main considerations for the election of Zhonghao Xinying personnel and their qualifications, as well as the implications for Zhonghao Xinying's independent IPO [6][12]. - The exchange has emphasized the need for Tianpu to explain how the board changes align with the company's main business development and whether there have been any significant changes to the development plans previously disclosed [12][16]. Group 3: Impact on Independence and IPO Plans - Concerns have been raised regarding the independence of Tianpu's management, as Kang Xiao and Chen Jiewen previously served as secretary and CFO of Zhonghao Xinying, respectively, and their current roles may affect the independence of Tianpu [14][15]. - The Shanghai Stock Exchange has requested clarification on whether the appointments of these executives could pose substantial obstacles to Zhonghao Xinying's independent IPO plans, which have already been initiated [15][16]. Group 4: Stock Performance and Market Reactions - As of January 14, Tianpu's stock price closed at 194.26 yuan per share, with a 10% increase, resulting in a total market capitalization of 26.05 billion yuan [7]. - The company has faced stock trading volatility, including consecutive trading halts, and has received a notice from the China Securities Regulatory Commission regarding abnormal trading activities, which may indicate irrational speculation risks [18].