Jinfu Tech exec fined; company asserts no impact

Suzhou Jinfu Technology (SZSE:300128) announced that its finance director and board secretary, Zhang Rui, received an administrative penalty decision from the China Securities Regulatory Commission (CSRC). The penalty stems from alleged due diligence failures during Zhang's previous role at another company, specifically concerning a project's financial advisory aspects. The CSRC has issued a warning and imposed an RMB 80,000 fine on Zhang. Jinfu Technology emphasized that the penalty is unrelated to its own operations and will not impact its daily business activities. The company also said that in accordance with Shenzhen Stock Exchange regulations, it will appoint a new board secretary within one month. Investors are advised to consult official announcements on the Juchao Information website (www.cninfo.com.cn) and in the Securities Times.