Core Viewpoint - Two listed companies, 聚石化学 and 豪尔赛, have been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [1][3]. Group 1: Company Announcements - 聚石化学 announced on November 21, 2025, that it received a notice of investigation from the CSRC due to suspected information disclosure violations [1]. - 豪尔赛 also received a notice from the CSRC for similar reasons and stated that it would cooperate with the investigation while continuing normal business operations [3]. Group 2: Financial Performance - 豪尔赛 reported a revenue of 265 million yuan for the first three quarters of the year, a decrease of 29.79% year-on-year [3]. - The company incurred a net loss of 26.31 million yuan, representing a year-on-year decrease of 523.96% [3]. - The decline in revenue was attributed to fluctuations in demand within the lighting engineering industry due to adjustments in investment rhythms in infrastructure and real estate [3]. Group 3: Corporate Governance Issues - 豪尔赛's actual controller, 戴宝林, signed a voting rights entrustment agreement with 戴聪棋, transferring all voting rights of 35.1284 million shares (23.36% of total shares) to 戴聪棋 [5]. - The company faced legal issues when 戴宝林 was prosecuted for unit bribery, leading to a fine of 7 million yuan for the company and a three-year prison sentence (with a four-year suspension) for 戴宝林 [6][7]. - The company received a warning letter from the Shenzhen Stock Exchange for failing to timely disclose information regarding these legal matters [7]. Group 4: Ongoing Legal Proceedings - On November 17, 2025, 豪尔赛 received a criminal appeal notice from the Wuhan New District People's Procuratorate, indicating that the judgment in the bribery case is subject to uncertainty due to the appeal [8].

Core Points - The company Haosai has been prosecuted for alleged unit bribery involving its former chairman and general manager, Dai Baolin [3][4] - The court has sentenced Haosai to a fine of 7 million RMB and Dai Baolin to three years in prison with a four-year probation, along with a fine of 3 million RMB [4] - The company has acknowledged the situation and committed to enhancing internal controls and improving information disclosure quality [6] Legal Proceedings - On December 12, 2024, the Wuhan New District Supervisory Committee initiated an investigation into Dai Baolin for suspected illegal activities [3] - Dai Baolin was detained on December 12, 2024, and was arrested on June 19, 2025 [3] - The case has concluded with the court's decision, and the company is required to pay a fine [4] Financial Impact - Haosai reported a revenue of 265 million RMB in the first three quarters of the year, reflecting a nearly 30% year-on-year decline [6] - The company incurred a net loss of approximately 26.31 million RMB during the same period [6] - As of November 5, the market capitalization of Haosai is approximately 2.5 billion RMB [6] Asset Recovery - The Wuhan New District Supervisory Committee has recovered approximately 21.52 million RMB of illegal gains from Haosai, which will be remitted to the national treasury [5]