Xintiandi: Failure to Redeem Maturing Financial Products, Company and Four Senior Executives Including Chairman Receive Warning Letters

LightningPacketLoss · 2026-03-17T09:37:14+00:00

Xintianди has received a warning letter from the Shenzhen Stock Exchange for failing to disclose the use of idle raised funds for cash management as required, involving the chairman and senior management. The company's authorization is valid until 2025, and some wealth management products have expired without redemption.

LightningPacketLoss

2026-03-17 09:37:14

Abstract generation in progress

Recently, New World announced that the company, along with Chairman Xie Jianzhong, General Manager Zhang Luwei, Board Secretary Xie Yushan, and Chief Financial Officer Wang Qingkui, received a warning letter from the Shenzhen Stock Exchange.

Upon investigation, the company used idle funds raised through financing for cash management, with the board of directors authorizing this until November 30, 2025. After the authorization expired, some of the company’s cash management financial products were not redeemed, and additional purchases of financial products were made without board approval and were not disclosed.

(New World Announcement)

(Edited by: Yang Yan, Lin Chen)

Keywords: Healthcare

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