Jianfa Group: Company and relevant responsible persons received warning letter from Xiamen Securities Regulatory Bureau.
Jianfa Group Announcement: The company and relevant responsible persons have received a warning letter from the Xiamen Securities Regulatory Bureau. After investigation, it was found that from 2020 to 2022, Jianfa Group had defects in the agricultural product purchase and sales business and contract management of certain subsidiary companies, which did not comply with the company's internal management system regulations, leading to inaccurate information disclosure. The then chairman Zheng Yongda, general manager Lin Mao, deputy general manager in charge of the agricultural product business sector Lu Rongdian, CFO Xu Jiana, and Wei Zhuo failed to fulfill their duties diligently and responsibly, and bear the main responsibility for the company's irregular information disclosure. The Xiamen Securities Regulatory Bureau has decided to issue a warning letter to the company and relevant responsible persons as an administrative regulatory measure, and will record the relevant situation in the securities and futures market integrity file.
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