Hebei Securities Regulatory Bureau implemented administrative regulatory measures through regulatory conversations with Xu Mingzhao.

The Hebei Securities Regulatory Bureau issued a decision on imposing regulatory talks and administrative regulatory measures on Xu Mingzhao. As a supervisor of China Shipbuilding Heavy Industry Group Power Co., Ltd., his mother Wang Yanqing bought a total of 5,000 shares of the company's stock through her account from October 2024 to November 2024, with a total transaction amount of 117,800 yuan; she sold a total of 5,000 shares of the company's stock, with a total transaction amount of 117,800 yuan. His father Xu Guangxue bought a total of 200 shares of the company's stock through his account in March 2025, with a total transaction amount of 4246 yuan; he sold a total of 200 shares of the company's stock, with a total transaction amount of 4364 yuan. The above actions violated Article 44, Paragraphs 1 and 2 of the Securities Law of the People's Republic of China. The Hebei Securities Regulatory Bureau decided to take regulatory talks and administrative regulatory measures against Xu Mingzhao, and record this administrative regulatory measure in the integrity file of the securities and futures market.