---
title: "PLBIO received the administrative supervision measures decision from the Shanxi Securities Regulatory Bureau"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239699304.md"
description: "PLBIO recently received an administrative supervision decision from the Shanxi Securities Regulatory Bureau due to violations, including agreements signed by its subsidiaries with clients that were not included in internal control management, as well as the failure to register insiders for certain significant matters. The Shanxi Securities Regulatory Bureau decided to impose corrective supervision measures on the company and will record this in the integrity file of the securities and futures market"
datetime: "2025-05-11T08:42:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239699304.md)
  - [en](https://longbridge.com/en/news/239699304.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239699304.md)
---

# PLBIO received the administrative supervision measures decision from the Shanxi Securities Regulatory Bureau

According to the Zhitong Finance APP, PLBIO (000403.SZ) announced that it recently received a notice from the Shanxi Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as "Shanxi Securities Regulatory Bureau") regarding the "Decision on Ordering PLBIO to Correct Violations" (\[2025\] No. 18) and the "Decision on Issuing Warning Letters to Li Hao, Rong Xian Kui, Zhao Yu Lin, Fu Shao Lan, and Yuan Hua Gang." Upon investigation, the company was found to have the following violations:

First, the company's subsidiaries signed supplementary agreements and memorandums with certain customers and promoters regarding some sales matters that included liability clauses. However, the signing of these agreements and the commitment arrangements were not included in the company's internal control management system, leading to deficiencies in the internal management of business and contract control, resulting in inaccurate information disclosure. Second, the company did not register some major insider information personnel, and some insider information personnel registration files were incomplete.

These actions violate Article 6 and Article 12 of the "Guidelines for the Application of Internal Control No. 9 - Sales Business" (Cai Kuai \[2010\] No. 11) and Article 6, Paragraph 1 and Article 7, Paragraph 1 of the "Regulatory Guidelines No. 5 for Listed Companies - Management System for Insider Information Personnel Registration" (CSRC Announcement \[2022\] No. 17).

According to Article 52 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182), Article 21 of the "Rules for On-site Inspection of Listed Companies" (CSRC Announcement \[2022\] No. 21), and Article 16, Item 3 of the "Regulatory Guidelines No. 5 for Listed Companies - Management System for Insider Information Personnel Registration," the Shanxi Securities Regulatory Bureau decided to impose supervisory management measures on the company to order corrections and record this in the integrity file of the securities and futures market

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