Shanghai Kinlita Chemical Gets 2-Million-Yuan Fine for Late Disclosure

MT Newswires Live2025-11-10

Shanghai Kinlita Chemical (SHE:300225) was penalized by China's securities regulator for failing to disclose its 2024 annual report on time.

The company received a warning and a 2-million-yuan fine, according to a filing with the Shenzhen bourse.

Former Chair Luo Dian was fined 1 million yuan, while ex-Executive President Wu Chunchao and former CFO Sui Jingyuan each received fines of 800,000 yuan.

Shares of the industrial coating company closed 1% lower Monday.

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