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Chendian International's branch fined following fatal accident

June 27, 2025 at 11:08 AM UTCBy FilingReader AI

Hunan Chendian International Development Share-holding (SSE:600969) announced that its Chenzhou branch received administrative penalties from the Chenzhou Emergency Management Bureau and the Hunan Regulatory Office of the National Energy Administration following a fatal accident on December 9, 2024. The accident occurred during the construction of the Chenzhou Beihu 110kV project, resulting in the death of one worker. The Chenzhou Emergency Management Bureau imposed a fine of CNY520,000 for violations of safety production regulations, specifically for failing to establish adequate risk control and hazard management systems. The Hunan Regulatory Office of the National Energy Administration levied an additional fine of CNY450,000 for subcontracting to unqualified entities and related safety violations. Chendian International stated that it has launched a comprehensive rectification plan, including strengthened contractor verification, improved risk control, and enhanced safety training to prevent future incidents. The company believes the penalties will not materially impact its financial condition or operations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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