Cathay Haitong Securities publishes semi-annual supervision report for INKON Life

Cathay Haitong Securities' report, dated September 5, 2025, covers its oversight of INKON Life Technology (300143) for the first half of the year. Key findings indicate that INKON Life promptly reviewed information disclosure documents and effectively executed established rules and regulations, including those concerning related party transactions and internal controls. The report notes zero instances of unreviewed information disclosure and confirms that the company effectively implemented its regulatory frameworks.

Regarding fundraising, Cathay Haitong Securities conducted monthly checks on INKON Life's dedicated fundraising accounts, totaling six checks, and verified that the progress of fundraising projects aligned with disclosed information. For corporate governance, the report states that Cathay Haitong Securities attended zero shareholder, board of directors, and supervisory committee meetings, instead reviewing relevant meeting documents. No on-site inspections were conducted during this period, though one is planned for the second half of the year.

The report also disclosed that Cathay Haitong Securities, formerly Guotai Junan Securities, was sanctioned by the China Securities Regulatory Commission and the Shenzhen Stock Exchange on May 23, 2025. This disciplinary action, a circulated criticism, stemmed from inadequate due diligence and inaccurate verification opinions during the initial public offering of Zhongding Hengsheng Gas Equipment (Wuhu) Co. on the ChiNext board.