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Xiangnian

Controversies

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

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  1. 2025

    Xiangnian Food destroyed inspection evidence during IPO and misdisclosed; Shanghai Stock Exchange imposes maximum five-year ban on accepting listing application

    During an on-site inspection of Xiangnian Food's main-board IPO, it deleted/destroyed evidence, misdisclosed related distributors, and had internal control deficiencies; in April 2025, the Shanghai Stock Exchange decided not to accept its listing application for five years, publicly condemned Sun Jungeng and Wang Xuelong, and found them unsuitable to serve as directors, supervisors, or senior executives for five years. Disciplinary action.

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