Jiuding New Materials announced that the company received the “Administrative Penalty Decision” issued by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission. The company was warned and fined 1.2 million yuan for illegal disclosure of information. Wang Wenyin, then chairman and secretary of the board of directors, was also warned and fined 1 million yuan. Illegal facts include failure to promptly disclose the shareholding status of the company's controlling shareholders and their co-actors, as well as the freezing of shares and untimely disclosure of matters to be auctioned. The company did not touch on major illegal forced delisting situations, and production and operation were normal.

Jiuding New Materials announced that the company received the “Administrative Penalty Decision” issued by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission. The company was warned and fined 1.2 million yuan for illegal disclosure of information. Wang Wenyin, then chairman and secretary of the board of directors, was also warned and fined 1 million yuan. Illegal facts include failure to promptly disclose the shareholding status of the company's controlling shareholders and their co-actors, as well as the freezing of shares and untimely disclosure of matters to be auctioned. The company did not touch on major illegal forced delisting situations, and production and operation were normal.