Lates News

Red Tower Securities (601236) announced that the company has recently noticed reports titled "This listed securities firm and president have been restricted from high positions!" and would like to provide clarification on the related situation. After verifying the information, the report mentioned the case (2025) Jing 74 Zhi 1145 filed by Beijing Financial Court on July 1, 2025, which is related to an arbitration involving the company and Shanghai Tongxiao Investment Development Center (Limited Partnership) (referred to as "Tongxiao Investment"). According to the arbitration result, the payment obligation confirmed in the ruling document is for Red Tower Securities Hongxin 2 Single Asset Management Plan ("Hongxin 2") rather than Red Tower Securities. Red Tower Securities, as an independent legal entity, does not have any payment obligations towards Tongxiao Changce 1 Private Equity Securities Investment Fund ("Tongxiao 1"). This arbitration and execution result do not have any impact on the company's financial statements and overall operation. The order restricting consumption for the company and its legal representative, Shen Chunhui, has been revoked, and the company's operations and the normal work and travel of Shen Chunhui are unaffected.