Kaisheng Xinneng (01108) received a decision on administrative supervision measures from the China Securities Regulatory Commission Henan Regulatory Bureau

Zhitong Finance App News, Kaisheng Xinneng (01108) issued an announcement. The Company recently received the “Decision on Administrative Supervision Measures” ([2026] No. 37) (Warning Letter) issued by the Henan Regulatory Bureau (Henan Regulatory Bureau) of the China Securities Regulatory Commission. The contents of the warning letter are summarized as follows:

The Henan Regulatory Bureau found that the company had the following problems:

The Company has accumulated a total litigation and arbitration amount of 333 million yuan for 12 consecutive months, reaching 10.73% of the most recent audited net assets. As a result, the Company did not disclose the relevant information in a timely manner until June 29, 2026, in violation of the provisions of Article 80 (2) (10) of the “Securities Law of the People's Republic of China”, “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 226), and Article 23 (2) (1)).

The Henan Regulatory Bureau believes that Xie Jun, as the chairman of the company, Chen Peng as the general manager of the company, and Chen Hongzhao as the secretary of the board of directors of the company have not been diligent and conscientious, bear the main responsibility for the above related matters, and violate the provisions of section 4 and section 52 (2) of the “Administrative Measures on Information Disclosure of Listed Companies”.

According to the provisions of Article 53 of the “Administrative Measures on Information Disclosure of Listed Companies”, the Henan Regulatory Bureau decided to take supervisory and administrative measures to issue warning letters against the Company and Xie Jun, Chen Peng, and Chen Hongzhao, and record them in the securities and futures market integrity file. The Henan Regulatory Bureau reminds relevant personnel to fully learn lessons, strengthen the study of securities laws and regulations, adopt effective measures to strengthen internal control and management of information disclosure matters, effectively improve the level of operation of the Company's regulations and the quality of information disclosure, and submit a written rectification report to the Henan Supervisory Authority within 15 working days from the date of receipt of the decision.

If you disagree with the above supervisory and administrative measures, you can apply for administrative review to the China Securities Regulatory Commission within 60 days from the date of receipt of the decision, or file a lawsuit with the competent people's court within 6 months from the date of receipt of the decision. The implementation of the above supervisory and administrative measures will not be suspended during the review and litigation period.

The board of directors believes that the supervisory and management measures contained in the warning letter will not affect the normal operation and management activities of the Company. The Company and relevant personnel will attach great importance to the issues indicated in the warning letter, and will carefully learn lessons and adopt effective measures to strengthen internal control and management of information disclosure matters, strictly fulfill information disclosure obligations in accordance with regulations, and effectively improve the company's internal control and information disclosure management standards.