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Yongan Forestry: Indirect controlling shareholder China Forest Group receives warning letter from Fujian Securities Regulatory Bureau
Yongan Forestry Announcement, the company’s indirectly controlling shareholder China Forestry Group Co., Ltd. received the “Administrative Supervision Measures Decision” issued by the Fujian Supervision Bureau of the China Securities Regulatory Commission. The Fujian Securities Regulatory Bureau issued a warning letter to China Forest Group because it failed to fulfill its commitment to avoid industry competition with Yongan Forestry in a timely manner in April 2020. As of February 28, 2026, China Forest Group still has subsidiaries engaged in timber business, which compete with Yongan Forestry.