Cathay Haitong Securities supervises Ginlong Technologies, faces disciplinary action

Cathay Haitong Securities Co., Ltd. has released its 2025 semi-annual continuous supervision follow-up report for Ginlong Technologies Co., Ltd. The report, prepared by sponsor representatives Li Wenjie and Liao Xiang, indicates that Ginlong Technologies has timely reviewed all information disclosure documents and effectively executed its internal regulations. The company held three shareholder meetings, three board meetings, and three supervisory board meetings during the period.

Regarding fundraising, the report states that the company's dedicated fundraising account was closed in 2024, rendering the progress of fundraising projects inapplicable for current review. Cathay Haitong Securities issued five special opinions during the reporting period, with no non-concurring opinions.

The report also addresses a disciplinary action against Cathay Haitong Securities Co., Ltd. On May 23, 2025, Cathay Haitong Securities received a disciplinary warning from the Shenzhen Stock Exchange due to inadequate review of internal controls and verification procedures during the initial public offering process of Zhongding Hengsheng Gas Equipment (Wuhu) Co., Ltd.