Senda Electric (831406.NQ): CSRC Seeks Filing on Dividends, Warnings

NewTimeSpace News: On 30 October 2026, the International Department of the CSRC issued supplementary materials requirements for the overseas listing filing of Fujian Senda Electric Co., Ltd. (stock code: 831406), asking its lawyers to verify the matters and issue a clear legal opinion.

The CSRC asked about the reasons for the company's repeated withdrawals and listing path changes, and whether governance and internal controls are sound given that the controlling shareholder and actual controller Zhou Haizhu holds 80.00% of the shares. It also required an explanation of the dividend decisions, capital flows and tax payments during the reporting period, the rationality of dividends given the company's liabilities, and the necessity of the fundraising.

The CSRC further focused on the company's compliance issues: from 2024 to 2025, the company and four management members received a warning letter from the Fujian CSRC and self-regulatory measures from the Beijing Stock Exchange for failing to disclose related-party transactions, controlling others' accounts, revenue cut-off issues and governance defects. The CSRC required details of the violations and the rectification measures. It also asked about the historical evolution, including the funding source of Zhou Haizhu's 2018 private placement, the transfer of Li Jianmin's 23.67% stake, and the legality of equity changes involving the foreign-to-domestic conversion.