LiuGong has been ordered by the Guangxi Bureau of the China Securities Regulatory Commission to take corrective measures for failing to disclose related-party transactions with Bank of Liuzhou in a timely manner. Chairman Zheng Jin, President Luo Guobing, and Board Secretary Huang Hualin have been required to attend regulatory talks. An investigation found that between January and March 2026, LiuGong did not promptly review and disclose related-party transactions with Bank of Liuzhou, violating the Administrative Measures for the Disclosure of Information by Listed Companies. The Guangxi Bureau decided to impose administrative regulatory measures on LiuGong requiring correction, and to require Zheng Jin, Luo Guobing, and Huang Hualin to attend regulatory talks, with the matter recorded in the securities and futures market integrity archives. LiuGong stated that the related-party transactions have since been submitted to the board of directors and shareholders' meeting for approval and disclosed, and that receiving this regulatory letter will not have a material impact on the company's production, operations, or management activities.
Guangxi Liugong Machinery Co LtdOrdered to rectify for failing to disclose related-party transactions; executives summoned for regulatory talks.
