The Shanghai Stock Exchange has given regulatory warnings to the China Tourism and Culture Investment Group and relevant executives. The sale of a 51% stake in its subsidiary, Shanghai Hongyun, met the standards for timely disclosure, but the company did not disclose the information until May 16, 2024, which was not timely. Zhao Yang, the former secretary of the board of directors of China Tourism and Culture Investment Group, was given regulatory warnings.
上交所对国旅联合及有关责任人予以监管警示
China Tourism and Culture Investment Group and relevant personnel have been given regulatory warnings by the Shanghai Stock Exchange.
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