According to the Zhitong Finance App, Shanghai Xinyang (300236.SZ) issued an announcement. On March 19, 2024, the company received the Administrative Supervision Measures Decision (Shanghai Securities Regulatory Commission [2024] No. 83) “Decision on Issuing Warning Letter Measures against Shanghai Xinyang Semiconductor Materials Co., Ltd.” issued by the Shanghai Securities Regulatory Bureau.

After investigation, the company reduced its holdings of Shanghai Silicon Industrial Co., Ltd. by a total of 20,000 shares through a centralized bidding transaction on April 25, 2022, without pre-disclosing the holdings reduction plan in advance, with a transaction amount of 432,800 yuan. The above acts of the company violate the provisions of Article 8 (1) of the “Certain Provisions on Shareholders, Directors and Supervisors of Listed Companies” (Securities Regulatory Commission Notice [2017] No. 9) and Article 3 (1) of the “Administrative Measures on Information Disclosure of Listed Companies” (CSRC Order No. 182). According to the provisions of Article 52 of the “Administrative Measures on Information Disclosure of Listed Companies”, the Shanghai Securities Regulatory Bureau decided to take administrative supervision measures to issue a warning letter against the company.