Sanxiao New Materials (300554.SZ): Director and CFO Ji Kun received an administrative penalty, which is unrelated to the company.

Zhitan finance and economics APP news, Sanchao New Materials (300554.SZ) announced that the company has received a "Administrative Penalty Decision" issued by the China Securities Regulatory Commission, forwarded by Mr. Ji Kun, the company's director and chief financial officer. Mr. Ji Kun, during his tenure as an independent director at Edir from December 2021 to May 2024, was given a warning and fined by the China Securities Regulatory Commission for Edir's involvement in illegal and irregular disclosure of information. The specific situation is as follows: Edir's annual reports from 2017 to 2021 contained false records. Mr. Ji Kun, as the independent director of Edir at the time, was identified by the China Securities Regulatory Commission as another directly responsible person. According to the facts, nature, circumstances, and degree of social harm of the illegal acts of the parties involved, in accordance with Article 193, paragraph 1 of the Securities Law of 2005, and Article 197, paragraphs 1 and 2 of the Securities Law, the China Securities Regulatory Commission issued a warning to Mr. Ji Kun and fined him 500,000 RMB.