Shanxi Meijin Energy (000723.SZ) and related responsible persons received a warning letter from the Shanxi Securities Regulatory Bureau.

Shanxi Meijin Energy (000723.SZ) issued an announcement that the company and related responsible persons received a decision from the Shanxi Regulatory Bureau of the China Securities Regulatory Commission on June 12, 2026, regarding the issuance of a warning letter to Shanxi Meijin Energy Co., Ltd. and related responsible persons. The Shanxi Regulatory Bureau found that the company had issues with the failure to timely review and disclose the use of some of the raised funds for cash management, non-standard management of raised funds special accounts, and non-standard registration management of insiders. Chairman Yao Jinlong, President Yao Junqing, CFO Zheng Caixia, and then Secretary of the Board Zhu Qinghua failed to fulfill their duties diligently and were primarily responsible for the above-mentioned violations of raised funds. Chairman Yao Jinlong and Secretary of the Board Zhao Jia failed to diligently fulfill their duties and were primarily responsible for the violations of insider information registration management mentioned above. The Shanxi Regulatory Bureau decided to issue a warning letter to the company and related responsible persons as a supervisory measure, and to include it in the integrity files of the securities and futures market.