Luoyang Xinqianglian Slewing Bearing (300850.SZ) and relevant responsible individuals received a warning letter from the Henan Securities Regulatory Bureau.

Luoyang Xinqianglian Slewing Bearing (300850.SZ) announced that the company and relevant responsible persons recently received a decision from the Henan Regulatory Bureau of the China Securities Regulatory Commission (referred to as the "Henan Securities Regulatory Bureau") to issue a warning letter to Luoyang Xinqianglian Slewing Bearing Co., Ltd. and related responsible persons (Decision No. 2024-104). After investigation, the Henan Securities Regulatory Bureau found that there were issues with individual directors of the company not abstaining from voting on related party transactions during board meetings, and the management of insider information informants was not standardized. These actions violate the provisions of the "Guidelines for Corporate Governance of Listed Companies" (CSRC Announcement [2018] No. 29) Article 60(1), and the "Regulatory Guidance No. 5 for Listed Companies - Management System for Insider Information Informants" (CSRC Announcement [2022] No. 17) Article 6(1) and Article 7(1). Xiao Zhengqiang, as the Chairman of the company, and Kou Congmei, as the Secretary of the Board of Directors, bear primary responsibility for the above matters. In accordance with Article 170(2) of the Securities Law of the People's Republic of China, the Henan Securities Regulatory Bureau decided to issue a warning letter to the company, Xiao Zhengqiang, and Kou Congmei as an administrative regulatory measure, and to record it in the integrity file of the securities and futures market.