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Yanhua Smartech

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2023

    Fined RMB 2 Million for False Records in 2022 Periodic Reports; Four Executives Fined RMB 2.75 Million in Total

    Yanhua Smart's 2022 semi-annual and third-quarter reports contained false records and did not adequately disclose the reasons for the performance decline of subsidiary Taihekang; in June 2023 it was investigated by the CSRC; the Shanghai Securities Regulatory Bureau (Hu [2023] No. 60) ordered correction, issued a warning, and fined it RMB 2 million, while Gong Baoguo, Huang Huiling, Cao Lei, and Tang Wenyan were fined RMB 1 million, RMB 750,000, RMB 500,000, and RMB 500,000 respectively. Total fines were RMB 4.75 million.

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