Securities Code: 300831
Securities Abbreviation: ST Ruipu
Announcement No.: 2026-046
Xi'an Ruipu Power Semiconductor Switching Technology Co., Ltd.
Announcement on Receiving the "Administrative Penalty Decision"
The Company and the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
On December 26, 2025, Xi'an Ruipu Power Semiconductor Switching Technology Co., Ltd. (hereinafter referred to as the "Company") received a "Notice of Investigation" (No.: Zhengjian Lizezi 0092025016) from the China Securities Regulatory Commission (hereinafter referred to as the CSRC). For details, please refer to the "Announcement on Receiving the 'Notice of Investigation' from the CSRC" (2025-087) disclosed by the Company on the Juchao Information Network on the same day.
On June 5, 2026, the Company and relevant parties received the "Notice of Prior Administrative Penalty" (Shaanxi Zhengjian Chufa Zi [2026] No. 4) from the Shaanxi Securities Regulatory Bureau. For details, please refer to the "Announcement on Receiving the 'Notice of Prior Administrative Penalty'" (2026-034) disclosed by the Company on the Juchao Information Network on June 8, 2026.
On July 31, 2026, the Company and relevant parties received the "Administrative Penalty Decision" ([2026] No. 4) from the Shaanxi Securities Regulatory Bureau. The relevant situation is hereby announced as follows:
I. Main Content of the "Administrative Penalty Decision"
Party Concerned: Xi'an Ruipu Power Semiconductor Switching Technology Co., Ltd. (hereinafter referred to as the Company or Ruipu Shares)
Domicile: No. 13 Jinye 2nd Road, Yanta District, Xi'an City, Shaanxi Province
Liu Qiang, male, born in May 1970, address: ** Yanta District, Xi'an City, Shaanxi Province
Bai Jie, male, born in September 1967, address: ** Yanta District, Xi'an City, Shaanxi Province
Guo Wei, male, born in September 1971, address: ** Yanta District, Xi'an City, Shaanxi Province
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 the information disclosure violations of Ruipu Shares and legally informed the parties of the facts, reasons, basis for administrative penalties, and the rights enjoyed by the parties. At the request of Ruipu Shares, Liu Qiang, Bai Jie, and Guo Wei, our bureau held a hearing on June 29, 2026, and heard the statements and defenses of the parties and their agents. The case has now been investigated and processed.
The investigation found that Ruipu Shares, Liu Qiang, Bai Jie, and Guo Wei committed the following illegal facts: Ruipu Shares smoothed its performance by altering the method of goods acceptance to delay the confirmation of sales revenue, resulting in a reduction of operating revenue by RMB 22,715,044.25 and a reduction of gross profit by RMB 17,117,330.37 in the Company's 2024 annual report, accounting for 11.84% and 26.18% of the reported amounts for the period, respectively. In the 2025 interim report, operating revenue was overstated by RMB 22,715,044.25 and gross profit was overstated by RMB 17,117,330.37, accounting for 26.87% and 50.02% of the reported amounts for the period, respectively.
Liu Qiang, the then Chairman of the Company, was aware of the delayed confirmation of sales revenue and allowed the illegal and irregular acts to occur. He signed the 2024 annual report and the 2025 interim report, guaranteeing the truthfulness, accuracy, and completeness of the report. Bai Jie, the then Director and General Manager, and Guo Wei, the then Financial Controller, planned and organized the delayed confirmation of sales revenue, and signed the 2024 annual report and the 2025 interim report, guaranteeing the truthfulness, accuracy, and completeness of the report.
The above illegal facts are evidenced by relevant announcements of Ruipu Shares, financial statements, business contracts, investigation records, and other evidence, which are sufficient to establish the facts.