603008, 002102, under investigation by the China Securities Regulatory Commission!

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A sudden announcement.

Xilinmen (603008) announced on the evening of April 1 that the company has recently received a “Notice of Filing for Investigation” issued by the China Securities Regulatory Commission (hereinafter referred to as “the CSRC”). The CSRC has decided to file a case against the company for investigation, as the company is suspected of violating regulations related to information disclosure, in accordance with laws and regulations including the “Securities Law of the People’s Republic of China” and the “Administrative Penalty Law of the People’s Republic of China.”

The announcement states that during the investigation period, the company will actively cooperate with the CSRC’s investigation and will strictly fulfill its information disclosure obligations in a timely manner in accordance with relevant laws, regulations, and regulatory requirements. As of the date of this announcement, the company’s production and operating activities are normal. The company’s directors and senior management are currently performing their duties normally. The above matters will not have a material impact on the company’s production and operations.

At the same time, the company’s actual controller, Chen Aiyu, has recently received a “Notice of Filing for Investigation” issued by the CSRC. Due to suspected violations of regulations related to information disclosure, in accordance with relevant laws and regulations, the CSRC has decided to file a case against Chen Aiyu for investigation.

It is worth noting that the company’s stock may also be subject to risk warning measures.

On March 31, the company received from the People’s Court of Yuecheng District, Shaoxing City, a “Notice of Acceptance of a Case” ((2026) Zhejiang 0602 Min Chu 4695). The company and its wholly owned subsidiaries Zhejiang Shunxi Supply Chain Co., Ltd. and Zhejiang Yingxi Supply Chain Management Co., Ltd. jointly brought a lawsuit against the company’s controlling shareholder, Zhejiang Huayi Intelligent Manufacturing Co., Ltd., and its acting-in-concert parties, namely Shaoxing Yuecheng Huahan Equity Investment Partnership (Limited Partnership) and Chen Aiyu (together, the “Controlling Shareholder and Its Acting-in-Concert Parties”), to seek compensation for damages due to a dispute arising from alleged harm to the company’s interests; the related case has been filed. The total amount involved is RMB 478 million, based on the company’s preliminary estimates; the final amount shall be subject to the final determination by further investigation and the regulatory authorities. As of the date of this announcement, this lawsuit case has not yet been heard. The impact of the case on the company’s current-period profit or profits in subsequent periods remains uncertain.

The announcement shows that as of the date of this announcement, the balance of non-operating funds misappropriated by the company’s controlling shareholders and their related parties has cumulatively reached RMB 190 million (this amount is based on the company’s preliminary estimates; the final amount shall be subject to the final determination by further investigation and the regulatory authorities). It exceeds 5% of the absolute value of the company’s net assets audited for the most recent period. If the controlling shareholder and its related parties are unable to complete repayment or rectification within 1 month, there is a risk that the company’s stock will be subject to other risk warning measures.

The announcement points out that if, as a result of this event, the company’s audit institution issues non-waiver opinions regarding the effectiveness of the company’s internal control over financial reporting as of December 31, 2025, and/or the company’s 2025 annual audit report, then the company’s stock may be subject to other risk warning measures or delisting risk warning measures after the disclosure of the 2025 annual report (the specific risk warning situations shall be finally determined based on the company’s 2025 annual audit report and internal control audit report).

Xilinmen stated that the company will continue to maintain communication with the controlling shareholder and its acting-in-concert parties, urge them to resolve the issue of funds misappropriation as soon as possible through methods such as cash repayment, asset swaps, and stock reductions, and actively promote the progress of this lawsuit to safeguard the interests of the company and its minority shareholders.

In addition, N&T Technology (002102) has also announced that on April 1, 2026, the company received a “Notice of Filing for Investigation” issued by the CSRC. Due to suspected violations of regulations related to information disclosure, in accordance with laws and regulations including the “Securities Law of the People’s Republic of China” and the “Administrative Penalty Law of the People’s Republic of China,” the CSRC has decided to file a case against the company for investigation.

The announcement also states that currently, the company’s various production and operating activities are developing normally and in an orderly manner. During the investigation period, the company will actively cooperate with the CSRC’s investigation work and will strictly fulfill its information disclosure obligations in a timely manner in accordance with relevant laws, regulations, and regulatory requirements.

Comprehensively sourced from: the company’s announcements

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Responsible editor: Yang Hongbo