Shanghai Stock Exchange: Disciplinary actions against NJXB, controlling shareholder Sanpower Group, actual controller and current chairman Yuan Yafei, and relevant responsible persons

The Shanghai Stock Exchange has issued a decision to impose disciplinary actions on Nanjing Xinjiekou Department Store Co., Ltd., its controlling shareholder Sanpower Group Co., Ltd., and the actual controller and current chairman Yuan Yafei, along with relevant responsible persons. The decision document shows that Nanjing Xinjiekou, the controlling shareholder Sanpower Group, and the actual controller and current chairman Yuan Yafei have committed the following violations in terms of information disclosure and standardized operations: failure to timely review and disclose external guarantee matters, failure to disclose the occupation of funds by the controlling shareholder and its related parties as required, and the controlling shareholder's failure to submit the list of related parties as required