regulatory
confidence high
sentiment negative
materiality 0.65
CSRC proposes fines on CN Healthy Food Tech subsidiaries and CEO for listing rule violation
CN Healthy Food Tech Group Corp.
- CSRC Heilongjiang bureau issued Advance Notice of Administrative Penalty for failing to complete offshore listing filing before Nasdaq listing in Sept 2025.
- Proposed fines: RMB 3,000,000 (~$440,000) on Zhongneng Liangke and RMB 1,500,000 (~$220,000) on CEO Zhenjun Jiang.
- Violation of Articles 13 and 19(1) of Trial Administrative Measures for Overseas Securities Offering and Listing by Domestic Companies.
- Zhongneng Liangke and Mr. Jiang have 5 working days to present a defense and request a hearing.
- Company and CEO are reviewing the Notice and determining next steps.