Tianfeng Securities Co.,Ltd. announced on the evening of February 13, 2026, that it had received a "Prior Notice of Administrative Penalty" from the Hubei Bureau of the China Securities Regulatory Commission (CSRC). The announcement indicated that Tianfeng Securities had previously received a "Notice of Case Filing" from the CSRC on November 28, 2025. On February 13, 2026, the company received the "Prior Notice of Administrative Penalty" from the CSRC Hubei Bureau.
According to the prior notice, the main violations involve Tianfeng Securities' failure to properly fulfill information disclosure obligations and significant omissions in its annual reports. Specifically, the company failed to disclose related-party transactions with Contemporary Group, resulting in major omissions in its annual reports from 2020 to 2022. It also did not disclose non-operational fund occupancy, leading to significant omissions in its 2020 and 2021 annual reports. Additionally, the company failed to disclose other types of related-party transactions with Contemporary Group, causing major omissions in its annual reports from 2020 to 2022. Furthermore, Tianfeng Securities did not disclose related-party transactions with Optics Valley Financial Leasing, resulting in a significant omission in its 2021 annual report.
Notably, on the same evening that Tianfeng Securities announced receiving the prior penalty notice, the company disclosed another CSRC investigation. The new case involves suspected violations related to disclosure of shareholding changes in Fujian Yongan Forestry (Group) Co., Ltd. The CSRC decided to initiate an investigation based on relevant securities and administrative penalty laws.
Legal experts indicate that while investors may not be able to claim compensation for the second investigation, they are eligible to participate in claims related to the violations outlined in the first penalty notice. Provisional eligibility criteria include investors who purchased Tianfeng Securities shares between April 28, 2021, and November 28, 2025, and sold or held the shares after November 29, 2025, incurring losses.
