Tongling JingdIndependent director Guo Hailan resigns from Jingda Shares after a regulatory penalty, leaving the board's independent-director count below the required one-third.
Asiainfo Security and Jingda Shares have separately announced that independent director Guo Hailan has received an administrative penalty decision for matters unrelated to the companies and has applied to resign from her independent director roles at both firms. The Guangdong Securities Regulatory Bureau determined that Guo Hailan, as a certified public accountant at Daxin Certified Public Accountants, bore direct responsibility for illegal practices in auditing Haiyin Holdings' 2021 and 2022 annual reports, and imposed a warning plus a fine of 200,000 yuan. Haiyin Holdings was delisted in September 2024 after its share price remained below 1 yuan. Following Guo Hailan's resignation, the number of independent directors at Asiainfo Security will fall below one-third of the total board seats, and her resignation will take effect after the company's shareholders' meeting elects a new independent director.
Tongling JingdIndependent director Guo Hailan resigns from Jingda Shares after a regulatory penalty, leaving the board's independent-director count below the required one-third.
Asiainfo Security Technologies Corp. AIndependent director Guo Hailan resigns from Asiainfo Security after a regulatory penalty, dropping independent directors below one-third of board seats.
Guo Hailan was penalized for audit failures on Haiyin Holdings' 2021-2022 annual reports; Haiyin was delisted in September 2024.