NKY director Zhao Wei received an administrative penalty decision from the Henan Securities Regulatory Bureau
Zhao Wei, a director of NKY, received an administrative penalty decision from the Henan Securities Regulatory Bureau due to his son's short-term trading during his tenure. Zhao Wei's son sold 1,285,500 shares of NKY between July 9 and December 19, 2024, amounting to 22,330,480 yuan, and bought 238,500 shares, amounting to 3,867,640 yuan. This behavior violated the Securities Law, and Zhao Wei was warned and fined 300,000 yuan
According to the Zhitong Finance APP, Xin Kai Yuan (300109.SZ) announced that the company's director Zhao Wei has received the "Administrative Penalty Decision" issued by the Henan Regulatory Bureau of the China Securities Regulatory Commission. The decision states:
During Zhao Wei's tenure as a director of Xin Kai Yuan, his son Zhao sold a total of 1,285,500 shares of "Xin Kai Yuan" from July 9 to December 19, 2024, with a total selling amount of 22.33048 million yuan; he also bought a total of 238,500 shares of "Xin Kai Yuan," with a total buying amount of 3.86764 million yuan. The above actions violated the provisions of Article 44, Paragraphs 1 and 2 of the Securities Law, constituting the short-term trading behavior described in Article 189 of the Securities Law.
The Henan Securities Regulatory Bureau decided to warn Zhao Wei and impose a fine of 300,000 yuan
