ST Tianyi Fails to Repay 300 Million Yuan in Raised Funds Used for Working Capital Upon Maturity; Company and Three Executives Ordered to Rectify

Regulation

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The Beijing Regulatory Bureau of the China Securities Regulatory Commission has imposed administrative regulatory measures requiring rectification on ST Tianyi, its chairman Wu Peifang, general manager Yang Kaidi, and chief financial officer Hou Yubo. Upon investigation, ST Tianyi used 300 million yuan of idle raised funds to temporarily supplement working capital, which matured on May 13, 2026, but failed to repay the funds to the raised funds account on time.

Beijing Tianyishangjia New Material Corp Ltd ▼

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Beijing Tianyishangjia New Material Corp Ltd

688033

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Company failed to repay raised funds on time, triggering regulatory rectification measures.

ST Tianyi Fails to Repay 300 Million Yuan in Raised Funds Used for Working Capital Upon Maturity; Company and Three Executives Ordered to Rectify

Impact on stocks 1

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