Fujian Yongan Forestry (000663.SZ) and its controlling shareholders and related personnel have received a warning letter from the Fujian Securities Regulatory Bureau.

Fujian Yongan Forestry (000663.SZ) announced that the company recently received the administrative regulatory measures decision issued by the Fujian Regulatory Bureau of the China Securities Regulatory Commission, concerning the issuance of warning letters to Zhonglin (Yongan) Holdings Co., Ltd. (Decision No. [2024] 113), Lv Jincheng (Decision No. [2024] 114), Yang Yandong (Decision No. [2024] 115), Zhao Jiayue (Decision No. [2024] 116), and Fujian Yongan Forestry (Group) Co., Ltd. (Decision No. [2024] 119). After investigation, Zhonglin (Yongan) Holdings Co., Ltd., as the controlling shareholder of Fujian Yongan Forestry, ceased to exercise the voting rights of 4.53% of Fujian Yongan Forestry shares held by the Yong'an City Finance Bureau and Yong'an City Green Health Investment Development Co., Ltd. from February 19, 2024. However, Zhonglin (Yongan) Holdings Co., Ltd. only notified Fujian Yongan Forestry of the expiration of the voting rights entrusted on February 26, 2024, and Fujian Yongan Forestry disclosed a warning notice regarding the expiration of the shareholder voting rights entrusted on February 27, 2024. The above actions are not in compliance with the relevant provisions of the Measures for the Disclosure of Information by Listed Companies (CSRC Order No. 182), Article 3, Paragraph 1, and Article 39, Paragraph 1, item (1). Additionally, the Fujian Regulatory Bureau of the China Securities Regulatory Commission conducted an inspection on the company and found the following problems: (1) issues with disclosure related to significant investment projects, (2) issues with disclosure of changes in the voting rights of the controlling shareholder.