Sunflower: Fined 3 million yuan by the CSRC for disclosure violations

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Beijing News Shell Finance Report, April 8 — Sunflower announced that the company has received the “Administrative Penalty Decision” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission.
According to the investigation, in the major asset restructuring plan disclosed in September 2025, the company made misleading statements regarding the profitability model of the target asset, Xupu Materials, which led to abnormal stock price fluctuations.
The CSRC decided to issue a warning to the company and impose a fine of 3 million yuan;
to warn Wu Shaoqin, then Chairman of the Board, and impose a fine of 1.5 million yuan;
to warn Li Lan, then Secretary of the Board, and impose a fine of 600k yuan.
The company stated that this penalty does not involve major illegal violations that would force delisting, and current production and operations are normal.

Editor: Wang Jinyu

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