SHANGHAI CHALLENGE: Dongxu Group and Li Zhaoting received administrative penalties, and the related matters have nothing to do with the company
SHANGHAI CHALLENGE announced that its controlling shareholder Dongxu Group and its actual controller Li Zhaoting have been administratively punished by the China Securities Regulatory Commission for violations of information disclosure and fraudulent issuance. The company emphasized that this punishment is unrelated to SHANGHAI CHALLENGE and will not affect its daily operations
According to the Zhitong Finance APP, SHANGHAI CHALLENGE (002486.SZ) announced that its controlling shareholder Shaoxing Guojun Enterprise Management Co., Ltd.'s concerted actor Dongxu Group Co., Ltd. and actual controller Li Zhaoting received the "Administrative Penalty Decision" issued by the Hebei Regulatory Bureau of the China Securities Regulatory Commission on June 6, 2025. Due to Dongxu Group's false records in the information disclosed in the bond market and fraudulent issuance of corporate bonds; Li Zhaoting and Dongxu Group organized and instructed Dongxu Optoelectronic Technology Co., Ltd. to engage in illegal information disclosure and fraudulent issuance of stocks; Li Zhaoting and Dongxu Group organized and instructed Dongxu Lantian New Energy Co., Ltd. to engage in illegal information disclosure, the Hebei Securities Regulatory Bureau imposed administrative penalties on the relevant parties and took market entry bans against Li Zhaoting and others.
The company stated that the above administrative penalty matters are unrelated to the company and will not affect the company's daily operations
