Fortune's shareholder Li Yongxing received the "Administrative Supervision Measures Decision" from the Hebei Securities Regulatory Bureau
Fortune announced that shareholder Li Yongxing received an administrative supervision measure decision from the Hebei Securities Regulatory Bureau because his investment in Fortune Industry (Hainan) Co., Ltd. constitutes a competitive business with the company, requiring him to rectify the situation and issue a warning letter. This action violates Li Yongxing's commitment made during the company's initial public offering
According to the Zhitong Finance APP, Fortune (600965.SH) announced that it recently received a decision from the Hebei Regulatory Bureau of the China Securities Regulatory Commission (referred to as "CSRC Hebei Regulatory Bureau") regarding the administrative regulatory measures of "ordering correction and issuing a warning letter" against Li Yongxing【2025】No. 18.
After investigation, it was found that Li Yongxing invested in and established Fortune Industrial (Hainan) Co., Ltd. (hereinafter referred to as "Fortune Industrial") in 2022, which is currently engaged in the beef slaughtering and processing business. This constitutes a competitive business with the listed company Fortune, violating Li Yongxing's commitment made during the initial public offering of Fortune not to invest in companies, enterprises, or other institutions or organizations that are the same, similar, or in any way competitive with the company
