Financial Street Securities said non-executive director Wang Linjing was warned and fined CNY3 million by the CSRC Hubei Bureau over information disclosure violations at TF Securities. The company also cited a Shanghai Stock Exchange decision imposing a public censure on Wang Linjing related to information disclosure and standardized operation issues at TF Securities. Separately, the CSRC Fujian Bureau warned Wang Linjing and fined him CNY1.4 million for TF Securities’ delayed disclosure of a shareholding change involving a 12.29% stake in Yong’an Forestry. Financial Street Securities said the matter does not relate to the group’s affairs and is not expected to affect its operations.
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