Citychamp Watch & Jewellery Group Director Faces Regulatory Penalty for Insider Trading

Reuters

05-16

Citychamp Watch & Jewellery Group Director Faces Regulatory Penalty for Insider Trading

Citychamp Watch & Jewellery Group Limited has announced a regulatory issue concerning one of its directors, Ms. Sit Lai Hei. The China Securities Regulatory Commission (CSRC) has issued an Advance Notice of Administrative Penalty to Ms. Sit for advising others to deal with shares of Citychamp Dartong Advanced Materials Co., Ltd. in February 2024 to stabilize the share price amid market volatility. This action violated the Securities Law of the People's Republic of China. Citychamp Watch & Jewellery Group Limited clarified that this investigation is personal to Ms. Sit and does not impact the company's operations. The company assures shareholders and potential investors that it will continue to monitor the situation and provide updates as required by relevant laws and regulations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citychamp Watch & Jewellery Group Limited published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.

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The China Securities Regulatory Commission (CSRC) has issued an Advance Notice of Administrative Penalty to Ms. Sit for advising others to deal with shares of Citychamp Dartong Advanced Materials Co., Ltd. in February 2024 to stabilize the share price amid market volatility. This action violated the Securities Law of the People's Republic of China. Citychamp Watch &amp; Jewellery Group Limited clarified that this investigation is personal to Ms. Sit and does not impact the company's operations. The company assures shareholders and potential investors that it will continue to monitor the situation and provide updates as required by relevant laws and regulations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citychamp Watch &amp; Jewellery Group Limited published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0095","symbol_name":"互聯網金融","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250516:nNDLb0n48t:1","article_id":"2535313334","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535313334","pubTimestamp":1747402656,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Citychamp Watch & Jewellery Group Limited has announced a regulatory issue concerning one of its directors, Ms. Sit Lai Hei. The China Securities Regulatory Commission  has issued an Advance Notice of Administrative Penalty to Ms. Sit for advising others to deal with shares of Citychamp Dartong Advanced Materials Co., Ltd. in February 2024 to stabilize the share price amid market volatility. This action violated the Securities Law of the People's Republic of China. Citychamp Watch & Jewellery Group Limited clarified that this investigation is personal to Ms. Sit and does not impact the company's operations. The company assures shareholders and potential investors that it will continue to monitor the situation and provide updates as required by relevant laws and regulations.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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Citychamp Watch & Jewellery Group Limited published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}