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Zhenghong Technology: The company and related personnel received the Administrative Supervision Decision Letter from Hunan Securities Regulatory Bureau
Zhenghong Technology Announcement, on April 21, 2026, the company and related personnel received the “Decision on Supervisory Measures of Issuance of Warning Letters to Hunan Zhenghong Technology Development Co., Ltd. and Related Personnel” issued by the Hunan Securities Regulatory Bureau. Upon investigation, the company provided a total of 11.08M yuan and 29.6493 million yuan in external guarantees to downstream clients in 2023 and 2024 respectively, failing to perform review procedures and information disclosure obligations in a timely manner as required. Former Chairman Yan Jinsong, former President Zeng Xiangzhi, former CFO Xu Bingfang, and former Board Secretary Liu Hao did not fulfill their diligent and responsible duties as required and bear primary responsibility for the company’s violations.