Selected Announcement of A-shares | Tianfeng (601162.SH) fined 15 million, two individuals may face lifetime market entry ban measures.

Focus Today 1. Tianfeng: Receipt of Pre-notice of Administrative Penalty from the Hubei Regulatory Bureau of the China Securities Regulatory Commission Tianfeng announced on February 13 that the company has received a "pre-notice of administrative penalty" issued by the Hubei Regulatory Bureau of the China Securities Regulatory Commission. It was found that Tianfeng was suspected of illegal activities, including providing financing for shareholder Dangdai Group, failure to disclose related party transactions with Dangdai Group and Guangu Rongzi Leasing, significant omissions in the annual report, etc. The CSRC proposed to give Tianfeng a warning and impose a fine of 15 million yuan, and to impose fines on responsible persons Yu Lei, Xu Xin, Zhai Chenxi, Wang Linjing, and Feng Lin. Yu Lei and Xu Xin are also proposed to be subject to a lifelong market ban. 2. Chongqing Zonsen Power Machinery: Intends to swap the motorcycle engine business with Loncin Motor's general machinery business, expected to constitute a major asset restructuring Chongqing Zonsen Power Machinery announced on February 13 that the company intends to swap its motorcycle engine-related assets and liabilities (with Chongqing Zongshen Engine Manufacturing Co., Ltd. equity as the core) with Loncin Motor's general machinery-related assets and liabilities (with Chongqing Xinlongxin Electrical Machinery Co., Ltd. equity as the core), and the difference in the transaction price of the swapped assets will be made up by one party to the other in cash. The transaction aims to resolve the issue of intra-industry competition between Chongqing Zonsen Power Machinery and Loncin Motor and promote both parties to achieve clear and specialized business development. This transaction is expected to constitute a major asset restructuring. (Continued...)