Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
Restructuring Suspected of Involving Insider Trading Leads to Warning; Stock Price Manipulated
In 2011, Huihuang Technology was issued a warning letter by the Henan Securities Regulatory Bureau because major information transmission left no trace, registration of insider information recipients was untimely and inaccurate, and some executives made false statements during an investigation; multiple executives were subject to regulatory investigation for buying company shares before the trading suspension; in 2015, the CSRC determined that Li Jun and Zhang Yongdong manipulated Huihuang Technology's stock price. Li Jun and Zhang Yongdong had illegal gains of RMB 2.287 million confiscated and were fined a total of RMB 2.287 million.