Xianhe Co., Ltd.: Actual controller Wang Minglong received the administrative regulatory measures decision letter from Zhejiang Regulatory Bureau

Xianhe Co., Ltd. Announcement: One of the company’s actual controllers, Mr. Wang Minglong, received the “Decision on Imposing Corrective Measures on Wang Minglong” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission.
As one of the company’s actual controllers, Wang Minglong failed to promptly inform the company about using someone else’s securities account to hold Xianhe Co., Ltd. shares, resulting in the company’s controlling shareholder and persons acting in concert holding a total of 80% of the company’s shares without timely disclosure.
The above behavior violated the relevant provisions of the “Administrative Measures for the Acquisition of Listed Companies,” and the regulatory bureau decided to impose corrective supervision and management measures on Wang Minglong, and record it in the integrity file of the securities and futures market.