Xizang Zhufeng (600338.SH) Controlling Shareholder Faces CSRC Investigation Over Disclosure Violations

Stock Track2025-07-15

Xizang Zhufeng Resources Co.,Ltd. (600338.SH) disclosed on July 15, 2025, that its controlling shareholder, Xinjiang Tacheng International Resources Co., Ltd. (Tacheng International), received formal notification from the China Securities Regulatory Commission (CSRC) regarding a regulatory probe. The "Notice of Case Filing" (Document No.: Zheng Jian Li An Zi 0322025007) initiates proceedings against Tacheng International for suspected breaches of information disclosure regulations.

CSRC's investigation follows alleged violations under China's Securities Law and Administrative Punishment Law. While the inquiry specifically targets Tacheng International's compliance practices, Xizang Zhufeng clarified that its core business operations remain unaffected. Daily management functions and subsidiary activities continue without disruption, with no anticipated impact on production or financial performance.

This enforcement action focuses exclusively on shareholder-level governance issues rather than corporate activities. Market observers note the development underscores China's intensified regulatory oversight in capital market disclosures, though Xizang Zhufeng maintains its operational independence throughout the process.

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