Hongdou Co., Ltd. and Hongdou Group receive regulatory penalties consecutively; rights protection and collection efforts initiated

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（Source: Caowen）

          Users can buy Red Bean Co., Ltd. shares from August 29, 2025, to before the market close on April 3, 2026, and hold them until the market close on April 3, 2026, to register for rights protection and claims.            

Red Bean Co., Ltd. (600400.SH) recently announced that on April 3, it received the “Decision on Corrective Measures” issued by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as “Jiangsu CSRC”) (Document No. [2026] 33, hereinafter “Decision One”) and the “Decision to Issue a Warning Letter” to Jiangsu Red Bean Industrial Co., Ltd., Red Bean Group Co., Ltd., and Meng Xiaoping (Document No. [2026] 34, hereinafter “Decision Two”).

Decision One shows that, as of December 31, 2024, Red Bean Co., Ltd. had overdue accounts receivable of 110 million yuan from Red Bean Group Co., Ltd. (hereinafter “Red Bean Group”), which were fully recovered before April 30, 2025. However, in 2025, the accounts receivable from Red Bean Group again became overdue. As of September 30, 2025, the company’s overdue accounts receivable from Red Bean Group amounted to 45.0943 million yuan. Despite overdue accounts receivable from Red Bean Group in 2024, Red Bean Co., Ltd. did not strictly control and promptly collect related receivables in 2025, leading to another overdue situation, which constitutes the controlling shareholder occupying the listed company’s funds during daily operations. The actions of Red Bean Co., Ltd. and Red Bean Group violate Article 4 and Article 20 of the “Guidelines for Supervision of Listed Companies No. 8—Supervision Requirements for Funds and External Guarantees of Listed Companies” (CSRC Announcement [2022] No. 26). According to Article 170, Paragraph 2 of the Securities Law and Article 23 of the “Guidelines for Supervision of Listed Companies No. 8,” Jiangsu CSRC has decided to impose corrective administrative supervision measures on Red Bean Co., Ltd. and Red Bean Group.

Decision Two shows that Red Bean Co., Ltd., Red Bean Group, and Meng Xiaoping, then Secretary of the Board of Directors of Red Bean Co., Ltd., committed the following violations:

First, on November 12, 2024, Red Bean Group handled two stock pledge transactions at the Wuxi Branch of SPD Bank. Red Bean Group did not promptly inform Red Bean Co., Ltd. of these pledge matters, resulting in inaccurate disclosure of related equity pledge information in the “Announcement on the Release and Re-pledge of Some Shares by Controlling Shareholders” disclosed by Red Bean Co., Ltd. on January 23, 2025. Red Bean Group failed to notify Red Bean Co., Ltd. in writing of relevant information it knew, violating Article 3, Paragraph 1 of the “Administrative Measures for Information Disclosure of Listed Companies” (CSRC Order No. 182). Jiangsu CSRC has decided to impose corrective administrative supervision measures on Red Bean Co., Ltd. and Red Bean Group.

Second, in May 2025, Red Bean Group used prepayment to non-operationally occupy 12.5 million yuan of funds from Red Bean Co., Ltd., and Red Bean Co., Ltd. did not disclose this non-operational fund occupation in the “2025 Semi-Annual Report.” The actions of Red Bean Co., Ltd. and Red Bean Group violate the “Administrative Measures for Information Disclosure of Listed Companies” (CSRC Order No. 226), specifically Articles 3, Paragraph 1, and 15, as well as the “Guidelines for Supervision of Funds and External Guarantees of Listed Companies No. 8” (CSRC Announcement [2022] No. 26), hereinafter referred to as “No. 8 Guidelines,” Articles 3 and 5. Meng Xiaoping, then Secretary of the Board, failed to perform his diligent and responsible duties, violating Article 4 of the “Administrative Measures for Information Disclosure of Listed Companies.” Jiangsu CSRC has decided to issue a warning letter to Red Bean Co., Ltd., Red Bean Group, and Meng Xiaoping.

Rights protection and claim collection officially begin:

According to the “Securities Law” and the “Supreme People’s Court’s Several Provisions on Civil Compensation Cases Arising from False Statements in the Securities Market,” listed companies that cause investors’ rights and interests to suffer due to false statements shall bear civil compensation liabilities.

Platform rights protection lawyers believe that the rights protection collection period for Red Bean Co., Ltd. (600400.SH) is:

Users can buy shares from August 29, 2025, to before the market close on April 3, 2026, and hold them until the market close on April 3, 2026, to register for rights protection and claims.

Required fee: Full-risk lawyer agency, no fees charged to investors before compensation.

Required materials: During registration, you only need to register basic information. After approval, you will receive a text message guiding you to connect with a lawyer. Please prepare the materials according to the lawyer’s instructions and mail them to the law firm address.

Materials include account statements, account proof, power of attorney, etc. These can be prepared in half a day, and subsequent matters will be handled by the lawyer, so you do not need to appear in person.

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