Quanyangquan (600189.SH) received a warning letter from the Jilin Securities Regulatory Bureau

Zhitong Financial App News, Quanyangquan (600189.SH) issued an announcement. The company recently received the “Decision on Measures to Issue Warning Letters to Jilin Quanyangquan Co., Ltd. and those responsible” (Ji Securities Regulatory Commission [2025] No. 26) issued by the China Securities Regulatory Commission's Jilin Regulatory Bureau (“Jilin Securities Regulatory Bureau”).

After investigation, the amount involved in lawsuits and arbitration matters that occurred during the 12 consecutive months up to January 8, 2024 was 180 million yuan, accounting for 10.93% of the net assets returned to the mother in the latest audit. The company failed to promptly fulfill its obligation to disclose information. The above acts of the company violate the provisions of Article 3 (1) and Article 22 (2) (1) of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182, “Credit Disclosure Measures”). According to the provisions of Article 51 of the “Credit Disclosure Measures”, Jiang Changlong, then chairman of the company, Wang Jinhui, general manager, and Jin Ming, secretary of the board of directors, are mainly responsible for these irregularities.