Intelligence and strength: The actual controller and current senior executives were punished by the securities regulatory authority for their violations.

date
26/12/2025
In an announcement by Zhidongli, the company's actual controller Wu Jiawei, Chen Yichun, and former senior executive Chen Danhua received an administrative penalty decision from the Shenzhen Securities Regulatory Bureau. From 2020 to 2022, Wu Jiawei and Chen Yichun concealed the supplementary agreement for the transfer of shares, resulting in the company not disclosing it in a timely manner. The two were fined 1.5 million yuan, with Wu Jiawei bearing 1 million yuan and Chen Yichun bearing 500,000 yuan. In 2021, Chen Danhua was warned and fined 800,000 yuan for illegally reducing his holdings by 1,795,291 shares, involving a total amount of 18.6135 million yuan. The penalties only involve individuals and do not affect the company's operations or control stability.