ZLC received the "Administrative Supervision Measures Decision" from the Shanghai Securities Regulatory Bureau
ZLC recently received the "Administrative Supervision Measures Decision" from the Shanghai Securities Regulatory Bureau due to non-operational fund occupation behavior with Anqing Kalifei IoT Technology Co., Ltd. and its actual controller Chen Rong. In July 2024, ZLC transferred 3 million yuan to Anqing Kalifei without any goods or services in exchange, violating relevant governance and regulatory provisions for listed companies. The Shanghai Securities Regulatory Bureau decided to take corrective measures against ZLC and related parties
According to the Zhitong Finance APP, ZLC (600818.SH) announced that it recently received a notice from the Shanghai Securities Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Shanghai Securities Regulatory Bureau") regarding the "Decision on Ordering ZLC Co., Ltd., Anqing Kalafei IoT Technology Co., Ltd., and Chen Rong to Correct" (Hu Zheng Jian Jue [2025] No. 114, hereinafter referred to as the "Decision").
Upon investigation, it was found that ZLC Co., Ltd. (Unified Social Credit Code: 91315786, hereinafter referred to as "ZLC"), Anqing Kalafei IoT Technology Co., Ltd. (Unified Social Credit Code: 9134WK31, hereinafter referred to as "Anqing Kalafei"), and Chen Rong have the following facts:
Chen Rong is the actual controller of both ZLC and Anqing Kalafei. On July 12, 2024, under the leadership of Chen Rong, ZLC invested 99% in Zhonglu Youxiu (Tianjin) Equity Investment Fund Partnership (Limited Partnership) and transferred 3 million yuan to Anqing Kalafei without any goods or services in return. The aforementioned amount was recovered in December 2024. This situation constitutes the non-operational occupation of listed company funds by related parties. The actions of Chen Rong and Anqing Kalafei do not comply with Article 70, Paragraph 2 of the "Corporate Governance Standards for Listed Companies" (CSRC Announcement [2018] No. 29) and Article 3 of the "Regulatory Requirements for Fund Transactions and External Guarantees of Listed Companies" (CSRC Announcement [2022] No. 26). The actions of ZLC do not comply with Article 6.3.10, Paragraph 1 of the "Shanghai Stock Exchange Listing Rules" (SH Zheng Fa [2024] No. 51) and Item 2 of Article 5 of the "Regulatory Requirements for Fund Transactions and External Guarantees of Listed Companies" (CSRC Announcement [2022]). The Shanghai Securities Regulatory Bureau decided to take administrative regulatory measures to order ZLC, Anqing Kalafei, and Chen Rong to correct their actions
