The controlling shareholder of Zhejiang RIFA Precision Machinery (002520.SZ) has been filed a case for suspected violations of illegal disclosure and violation of restrictive transfer of securities.

Zhejiang RIFA Precision Machinery (002520.SZ) announced that the company recently received a notice from its controlling shareholder Zhejiang Rifa Holding Group Co., Ltd. (hereinafter referred to as "Rifa Group"). Rifa Group received a "Notice of Filing" (No. CSRC Filing No. 01120250001) issued by the China Securities Regulatory Commission on January 10, 2025. Rifa Group is suspected of violating laws and regulations on information disclosure and transferring securities in violation of restrictive provisions. In accordance with the laws and regulations of the People's Republic of China Securities Law and the Administrative Penalty Law, on December 30, 2024, the China Securities Regulatory Commission decided to file a case against Rifa Group.