Securities Code: 000716
Securities Abbreviation: Black Sesame
Announcement No.: 2026-049
Southern Black Sesame Group Co., Ltd.
Announcement on Receiving Administrative Penalty Decision
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Southern Black Sesame Group Co., Ltd. (hereinafter referred to as the "Company") and its then Chairman, Mr. Wei Qingwen (term of office: October 2004 – August 2024) respectively received "Notice of Investigation" (Securities Investigation Letter No. 0272026006 and Securities Investigation Letter No. 0272026005) from the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") on April 24, 2026, due to suspected violations of information disclosure laws and regulations. In accordance with the "Securities Law of the People's Republic of China," "Administrative Penalty Law of the People's Republic of China," and other laws and regulations, the CSRC decided to investigate the Company and then Chairman Wei Qingwen. On May 29, 2026, the Company and Mr. Wei Qingwen and other relevant parties received the "Notice of Prior Administrative Penalty" (Gui Penalty Letter [2026] No. 1) from the CSRC's Guangxi Regulatory Bureau. For details, please refer to the "Announcement on Receiving Notice of Investigation by the Company and Related Parties" (Announcement No.: 2026-023) disclosed by the Company on April 25, 2026, and the "Announcement on Receiving Notice of Prior Administrative Penalty" (Announcement No.: 2026-037) disclosed on May 30, 2026.
On July 17, 2026, the Company and Mr. Wei Qingwen and other relevant parties received the "Administrative Penalty Decision" ([2026] No. 1) from the CSRC's Guangxi Regulatory Bureau. The relevant situation is hereby announced as follows:
I. Main Contents of the "Administrative Penalty Decision"
Party involved: Southern Black Sesame Group Co., Ltd. (hereinafter referred to as Black Sesame), registered address: Guangxi Rongxian XXXX.
Wei Qingwen, male, born in December 1960, then actual controller and Chairman of Black Sesame, address: Zhuhai City, Guangdong Province XXXX.
Li Weichang, male, born in November 1965, then Vice Chairman, Vice President, and Chief Financial Officer of Black Sesame, address: Nanning City XXXX.
Li Wenquan, male, born in February 1970, then Director and President of Black Sesame, address: Nanning City XXXX.
Zhou Miaohuai, male, born in September 1972, then Director, Vice President, and Secretary of the Board of Black Sesame, currently Director, Vice Chairman, Vice President, and Secretary of the Board, address: Nanning City XXXX.
In accordance with the relevant provisions of the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), our bureau investigated and dealt with the illegal and non-compliant information disclosure activities of Black Sesame and Wei Qingwen. The parties were informed of the facts, reasons, and basis for the administrative penalty, as well as the rights they are entitled to under the law. The parties did not submit any statement or defense opinions, nor did they request a hearing. The investigation and handling of this case have now been concluded.
The investigation found that the parties committed the following illegal facts:
I. Failure to promptly disclose related party non-operating fund occupation matters