On April 19, it was reported that the Shanghai Securities Regulatory Bureau had issued the Notice on Tianfeng Securities Decision of Shanghai Longhua Middle Road Securities Business Department of the Company Limited on Issuing Warning Letter.

Through investigation, some employees of Shanghai Longhua Middle Road Securities Business Department of Tianfeng Securities Co., Ltd. had an We Media account registered with the name of the business department without the approval of Tianfeng Securities Co., Ltd., and the information about the collection standards of securities commission published on the We Media account had improper content and other problems.

The above problems reflect that the management mechanism of employees in the securities business department of Shanghai Longhua Middle Road of Tianfeng Securities Co., Ltd. is not perfect, and the management of the registration and use of the We Media account is not in place, which violates the Measures for the Supervision and Management of Directors, Supervisors, Senior Managers and Employees of Securities Fund Operating Institutions (CSRC Order No. 195, hereinafter referred to as the "Measures for Senior Managers") Article 35. Item 4 of Article 6 of the Measures for Compliance Management of Securities Companies and Securities Investment Fund Management Companies (CSRC Order No. 166, hereinafter referred to as the Measures for Compliance Management). In accordance with the provisions of Paragraph 1 of Article 51 of the Senior Management Measures and Paragraph 1 of Article 32 of the Compliance Management Measures, the Shanghai Securities Regulatory Bureau has decided to take administrative supervision measures to issue a warning letter to the securities business department of Shanghai Longhua Middle Road of Tianfeng Securities Co., Ltd.

According to the data, Tianfeng Securities Co., Ltd. was founded in 2000. Its legal representative is Yu Lei. Its registered capital is 8.666 billion yuan. Its business scope includes securities underwriting and recommendation; Securities self operation; Margin trading, securities lending, etc. The major shareholder of the company is Hubei Hongtai Group Co., Ltd., holding 13.84% shares, and Hubei Hongtai Group Co., Ltd. is 100% held by Hubei Provincial Department of Finance.

On January 30, Tianfeng Securities (601162. SH) released the earnings forecast announcement for 2023. According to the announcement, the net profit attributable to the owners of the parent company is expected to be 276 million to 331 million yuan in 2023, which will turn losses into profits compared with the same period last year. It is estimated that in 2023, the net profit attributable to the owners of the parent company after deducting non recurring profits and losses will be RMB 221 million to 265 million.