Core Viewpoint - The article discusses the insider trading allegations against the actual controller of Yongjin Co., Ltd., Cao Peifeng, and the implications for the company following her legal troubles [3][5][9]. Group 1: Insider Trading Allegations - Cao Peifeng was placed under residential surveillance by the police on July 7, 2025, due to allegations of insider trading and leaking insider information [3][4]. - The China Securities Regulatory Commission (CSRC) has previously issued an administrative penalty against Cao Peifeng for her insider trading and short-term trading activities [4][9]. - The insider trading involved manipulating three other securities accounts to trade Yongjin Co., Ltd. shares during sensitive periods related to the company's stock buyback announcements [6][10]. Group 2: Financial Impact of Insider Trading - Cao Peifeng's insider trading activities resulted in a total loss of approximately 117,100 yuan (around 17,000 USD) across two rounds of trading [11]. - In the first round of insider trading, she made a profit of about 549,200 yuan (approximately 80,000 USD), while in the second round, she incurred a loss of about 666,300 yuan (approximately 98,000 USD) [11]. - The company announced two stock buyback plans, with the first plan involving a total amount of no less than 50 million yuan (approximately 7.2 million USD) and the second plan involving no less than 200 million yuan (approximately 28.8 million USD) [10]. Group 3: Company Background and Current Status - Yongjin Co., Ltd. was established in August 2003 and went public on the Shanghai Stock Exchange in December 2019, primarily engaged in the research, production, and sales of cold-rolled stainless steel strips [13]. - The company confirmed that the legal issues surrounding Cao Peifeng are personal matters and will not affect its daily operations, business, or financial status [5][14]. - The company is currently in the investigation stage, and the management remains in normal operation [14][15].

Core Viewpoint - The actual controller of Yongjin Co., Cao Peifeng, has been placed under residential surveillance due to allegations of insider trading and leaking insider information, which the company claims will not affect its daily operations or financial status [2][4][6]. Group 1: Legal Issues - On July 8, Yongjin Co. announced that its actual controller, Cao Peifeng, was placed under residential surveillance by the Jinhua Public Security Bureau due to allegations of insider trading and leaking insider information [2][4]. - The residential surveillance period for Cao Peifeng is set to begin from July 7, 2025 [4]. - Cao Peifeng has previously faced penalties from the China Securities Regulatory Commission (CSRC) for insider trading and short-term trading, receiving a warning, a confiscation of illegal gains amounting to 549,200 yuan, and a fine of 5,845,800 yuan [8][9]. Group 2: Shareholding Structure - As of the end of the first quarter, Cao Peifeng is the second-largest shareholder of Yongjin Co., holding 70,913,394 shares, which accounts for 19.4% of the total share capital [9]. - The largest shareholder is Yu Jiqun, who holds 87,261,000 shares, representing 23.87% of the total share capital [10]. - The total market value of Yongjin Co. is reported to be 6.6 billion yuan, with a stock price of 17.98 yuan per share as of July 8 [11]. Group 3: Company Overview - Yongjin Co. specializes in the research, production, sales, and service of cold-rolled stainless steel strips, with products used in various industries including electronics, home appliances, medical devices, environmental chemicals, and automotive transportation [10].

Core Viewpoint - The actual controller of Yongjin Co., Ltd., Cao Peifeng, is under investigation for insider trading and has been placed under residential surveillance, which the company claims will not affect its daily operations or financial status [1][5]. Summary by Sections Insider Trading Allegations - Cao Peifeng has been involved in insider trading and short-term trading activities, manipulating three other securities accounts to trade Yongjin Co. stocks during sensitive periods, leading to a total loss of approximately 120,000 yuan [1][2][3]. - The China Securities Regulatory Commission (CSRC) has issued an administrative penalty against Cao Peifeng, including a warning, confiscation of illegal gains of about 550,000 yuan, and a fine of approximately 5.85 million yuan [2]. Company Operations and Financials - Yongjin Co. primarily engages in the research, production, and sales of cold-rolled stainless steel strips, with products covering both precision and wide cold-rolled stainless steel strips [3]. - The company announced two rounds of share buybacks, with the first round planned for a total amount between 50 million and 100 million yuan at a price not exceeding 43.43 yuan per share, and the second round planned for 200 million to 400 million yuan at a price not exceeding 34.2 yuan per share [2]. Shareholding Structure - As of the end of the first quarter of 2025, Cao Peifeng and her husband, the former chairman, collectively hold 43.27% of Yongjin Co.'s shares, with her sister also being a shareholder [4]. Current Status of Investigation - The company has stated that the investigation is still in the evidence collection phase, and the normal operations of the current chairman and board members are unaffected [5].