Ruyi Group was issued an administrative penalty by the Shandong Regulatory Bureau for violations of information disclosure laws and regulations, including a warning and a fine of 7 million yuan. At the same time, fines were imposed on senior executives including the then Chairman Qiu Yafu, with Qiu Yafu fined 4 million yuan and permanently barred from the securities market. The company stated that it has retrospectively restated the financial accounting reports for the relevant years and promised to strengthen internal governance and financial management to ensure that financial statements are true, accurate, and complete.

K-LinePoet

2026-05-25 06:24:39

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Ruyi Group Announcement: The company has received an "Administrative Penalty Decision" issued by the Shandong Regulatory Bureau of the China Securities Regulatory Commission due to violations of information disclosure laws and regulations. According to Article 197, Paragraph 2 of the Securities Law, Ruyi Group is given a warning and fined 7 million yuan. At the same time, several senior executives, including then-Chairman Qiu Yafu, were also fined to varying degrees, with Qiu Yafu fined 4 million yuan and subject to a lifetime securities market ban. The company stated that it has retrospectively restated the financial accounting reports for the relevant years and promised to strengthen internal governance and financial management to ensure the authenticity, accuracy, and completeness of financial statements.

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Ruyi Group: Fined 7 million yuan for illegal and non-compliant information disclosure

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