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Qianfang Technology: Issued a warning letter due to failure to disclose illegal share reduction in a timely manner
Qianfang Technology Announcement, the company recently received the “Administrative Supervision Measures Decision” from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission.
On January 7, 2026, the company’s shareholding in Hangzhou Hongquan Internet of Things Technology Co., Ltd. decreased from 10.39% to 9.99%, reaching a multiple of 5%, and did not stop trading within the prescribed time, nor did it disclose the “Simplified Equity Change Report” in a timely manner, which was only disclosed on March 11, 2026.
Due to the above behaviors, the company was subject to supervisory measures of issuing a warning letter and was recorded in the integrity archive of the securities and futures market.