Haid Group: The company and its controlling shareholders were fined a total of 8.8 million yuan for violations of information disclosure regulations.

date
09/06/2026
Heide Group announced that in March 2021, the company carried out a restructuring business for the acquisition of non-performing assets. The counterparty in the transaction repaid a loan of 884 million yuan on behalf of the company's related party, which constituted fund occupation. The company did not disclose this situation in its periodic reports from the end of 2021 to June 30, 2024. The then chairman and actual controller of the company, Wang Guangxi, was aware of this but did not fulfill his duties diligently. As of April 2025, the occupied funds and interest have been fully repaid. The Hainan Regulatory Bureau of the China Securities Regulatory Commission decided to issue a warning and a fine of 2 million yuan to the company, and a warning and a fine of 6.8 million yuan to Wang Guangxi. The company has not triggered delisting or other risk warning conditions, and its production and operation are currently normal.