300216SZSE

Progress Announcement on the Investigation and Risk Warning

Qianshan Retreat Co., Ltd.··2 pages

✨ AI Summary

Hunan Qianshan Pharmaceutical Machinery Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations. The company reported negative net profits for four consecutive years from 2015 to 2018. As of the announcement date, the company has not received a final conclusion from the CSRC regarding the investigation. The company will issue monthly risk warnings as required by the Shenzhen Stock Exchange.

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Full Translation

AI Translation· azure_openai

Important Notice:

  1. The company is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws. On November 29, 2019, the company received the CSRC's Administrative Penalty and Market Ban Advance Notice (Document No. [2019]149). According to the findings in the notice, the company's net profits were negative for four consecutive years from 2015 to 2018.
  2. The company and some involved parties have made statements, defenses, and requested hearings regarding the administrative penalties proposed by the CSRC. Hunan Qianshan Pharmaceutical Machinery Co., Ltd. received the Investigation Notic

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