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Huaying Agriculture: Received the Administrative Supervision Decision Letter from Henan Securities Regulatory Bureau
Huaying Agriculture Announcement: The company has recently received an administrative regulatory measures decision letter issued by the Henan Regulatory Bureau of the China Securities Regulatory Commission. The letter indicates that the company has issues including the non-operating funds occupation by related parties and violations of its commitments to avoid industry competition.
On November 28, 2025, Huaying Agriculture’s controlling subsidiary transferred 20 million yuan of funds to the related party Huangchuan Faitou, resulting in non-operating funds occupation by related parties. The relevant funds were repaid on December 11, 2025, but the company failed to disclose this in a timely manner.
In addition, the industry competition issues between Guanghan Dongxing Down Products Co., Ltd., controlled by Xu Shuijun, and Guigang Jielong Down Co., Ltd., controlled by Zhang Yong, and Huaying Agriculture have not been resolved as scheduled.