Dandong Xintai Electric Co., Ltd., landed on the ChiNext Board of Shenzhen Stock Exchange(SZSE) on January, 2014, had been filed an investigation by China Securities Regulatory Committee(CSRC) on 14 July, 2015. On 8 July, 2016, the Company received from CSRC the letter of Decision on Administrative Penalty, and the letter of Decision on Prohibition of Market Access, according to which Xin Tai Electric and relevant persons will be penalized by CSRC for fraud share offering, and actions against information disclosure laws and regulations.
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