TIGERMED (03347.HK): Controlling Shareholders Ye Xiaoping and Cao Xiaochun Receive Warning Letter and Administrative Penalty Pre-notice Over Shareholding-change Disclosure Violations; RMB 1 Million Fine Proposed

NewTimeSpace News: On 11 September 2026, Hangzhou Tigermed Consulting Co., Ltd. (stock code: 03347.HK; A-share stock code: 300347.SZ) announced that its actual controllers Ye Xiaoping and Cao Xiaochun on 11 September 2026 received a decision on taking measures of issuing a warning letter against Ye Xiaoping and Cao Xiaochun (the "Warning Letter") and a Prior Notice of Administrative Penalty (Zhe Zheng Fa Zi [2026] No. 21) (the "Prior Notice") issued by the Zhejiang Regional Office of the China Securities Regulatory Commission (CSRC).

The Warning Letter states that Ye Xiaoping and Cao Xiaochun, as the actual controllers of the Company, voluntarily reduced their shareholdings on 7 December 2022 with the aggregate change in equity interest decreasing by 1%, and failed to disclose the change in equity interest in a timely manner, only disclosing the relevant information on 12 May 2026, in violation of Article 13(3) of the Measures for the Administration of the Takeover of Listed Companies. The Zhejiang Regional Office decided to take the regulatory measure of issuing a warning letter to the two individuals and to record the matter in the securities and futures market integrity database, and they are required to submit a written report within 10 working days from the date of receipt of the decision.

The Prior Notice states that on 20 September 2019, the aggregate shareholding of Ye Xiaoping, the controlling shareholder of Tigermed, and his person acting in concert Cao Xiaochun in the voting shares already issued by Tigermed cumulatively changed by 5%, and the Simplified Form of Equity Change Report was not disclosed in a timely manner and was only supplementarily disclosed on 12 May 2026. The Zhejiang Regional Office proposed to give a warning to Ye Xiaoping and Cao Xiaochun and impose a fine of RMB 1 million, of which RMB 500,000 is imposed on Ye Xiaoping and RMB 500,000 on Cao Xiaochun.

The Company stated that the above matters relate to information disclosure in the course of the actual controllers' historical shareholding changes, are unrelated to the Company's operations and will not affect its normal production and operating activities, and that as at the date of this announcement the Company's production and operating conditions remain normal. The Company also stated that the circumstances identified do not fall within the circumstances of mandatory delisting for material violations as stipulated in the Rules Governing the Listing of Stocks on the ChiNext Board of the Shenzhen Stock Exchange, nor do they fall within the other risk warning circumstances under Rule 9.4. The Warning Letter is an administrative regulatory measure, while the Prior Notice is a pre-procedure for an administrative penalty decision, and the final result of the administrative penalty shall be subject to the Administrative Penalty Decision to be issued by the Zhejiang Regional Office.

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