---
title: "Xiamen Jihong Faces Planned SZSE Public Censure Over Disclosure Lapses but Keeps Key Directors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290712843.md"
description: "Xiamen Jihong Co., Ltd. faces planned public censure from the Shenzhen Stock Exchange for disclosure lapses regarding related-party transactions. Despite this, the board retains implicated executives, attributing violations to procedural negligence rather than lack of diligence. The company maintains leadership continuity and asserts no further disclosure issues exist under Hong Kong rules."
datetime: "2026-06-24T14:38:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290712843.md)
  - [en](https://longbridge.com/en/news/290712843.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290712843.md)
---

# Xiamen Jihong Faces Planned SZSE Public Censure Over Disclosure Lapses but Keeps Key Directors

An announcement from Xiamen Jihong Co., Ltd. Class H ( (HK:2603) ) is now available.

Xiamen Jihong Co., Ltd. has disclosed that it and several current and former executives received a prior notice of disciplinary action from the Shenzhen Stock Exchange, after regulators found the company failed to timely complete review procedures for related-party transactions and did not meet required information disclosure obligations. The SZSE intends to issue a public censure against the company and the individuals involved, but the board, excluding the two implicated executive directors, maintains there is no reason to doubt their integrity and confirms they will remain in their roles, signaling continuity in leadership despite the compliance lapse.

The board attributes the violations primarily to procedural negligence in disclosure and review processes rather than to a lack of diligence by the named directors, aiming to reassure shareholders about management’s competence. The company also states that the executives have no further issues requiring disclosure under Hong Kong listing rules, suggesting it views the disciplinary action as limited in scope, even as it underscores heightened regulatory scrutiny around related-party transactions and transparency obligations for mainland issuers listed in Hong Kong and on the SZSE.

**More about Xiamen Jihong Co., Ltd. Class H**

Xiamen Jihong Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and listed on the Hong Kong Stock Exchange under stock code 2603. The company is governed by a board comprising executive directors, an employee representative director and independent non-executive directors, reflecting a typical listed-company governance structure.

**Average Trading Volume:** 2,163,796

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$9.86B

For an in-depth examination of 2603 stock, go to TipRanks’ Overview page.

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