Tianfeng Securities: The administrative penalty decision has been implemented, with comprehensive and effective rectification, paving the way for steady development and a new chapter.

On March 13, Tianfeng Securities officially announced that it received the “Administrative Penalty Decision” issued by the Hubei Regulatory Bureau of the China Securities Regulatory Commission. The penalty results are consistent with the previous “Administrative Penalty Notice,” marking the full completion of the regulatory procedures. The company stated that it sincerely accepts and resolutely implements the decision. This signifies the thorough resolution of historical risks, solid implementation of comprehensive rectification work, stable and orderly operations, and a fresh start for steady development.

This penalty is part of a comprehensive cleanup of historical issues caused during the period of private shareholders. Since the regulatory investigation began, the company has actively cooperated, clarified facts proactively, and taken responsibility. With the formal issuance of the administrative penalty decision, all regulatory procedures are complete, and the long-standing burdens restricting the company’s development have been fully cleared, severing ties with past risks and removing key obstacles to high-quality growth.

Since the state-owned assets took control, Tianfeng Securities has centered on governance restructuring, systematically rebuilding its compliance and risk control system: strengthening the Party Committee’s preliminary research, improving the “Three Major and One Large” decision-making mechanism; establishing a compliance review system covering all business lines, enhancing the transparent management of subsidiaries; strengthening compliance culture, and consolidating compliance responsibilities across all staff. To date, all tasks have been completed on schedule, with effective implementation, significantly improving the company’s compliance operation level.

Market analysts pointed out that this event is an important milestone in Tianfeng Securities’ risk clearance and also has a clear industry demonstration significance. Regulatory authorities have imposed penalties in accordance with laws and regulations, with a clear focus on “pursuing the first wrongdoers and punishing accomplices,” demonstrating a firm commitment to strengthening securities regulation and cracking down on illegal activities. It further clarifies the industry’s rigid requirements for compliant operation and standardized management. Relying on state-controlled ownership to achieve governance restructuring and risk clearance, Tianfeng Securities provides a practical reference for similar institutions in the industry to resolve historical burdens and improve governance systems, promoting a shift from passive rectification to proactive compliance, and from scale expansion to quality improvement. A securities analyst stated that risk clearance has opened a new cycle for valuation recovery for Tianfeng Securities, and its investment value is expected to regain market attention.

Currently, Tianfeng Securities has a clear equity structure, effective governance, and normal main business operations, with no substantial impact from this penalty. The company expects to achieve a net profit attributable to shareholders of between 125 million and 185 million yuan in 2025, successfully turning losses into profits, marking the best operating performance in recent two years. In 2025, the company plans to complete a 4 billion yuan private placement, significantly strengthening its capital. Under the main theme of compliant operation, the company focuses on its core business, continuously enhancing its service capabilities to the real economy, having served nearly 930 billion yuan in financing for the real economy over the past three years. With the full support of its controlling shareholder, Hongtai Group, Tianfeng Securities has achieved “steady progress and simultaneous improvement in quality and efficiency” in performance recovery, capital strengthening, and serving the real economy, demonstrating a clear path of high-quality transformation and development.

Looking ahead, Tianfeng Securities will take the conclusion of this historical risk resolution as a new starting point, adhering to the core principles of compliant operation and steady development, continuously improving corporate governance, compliance, risk control, and professional service levels. The company will focus on its main responsibilities, actively integrate into the overall construction of Hubei as a strategic pivot, accelerate the development of a financial hub serving high-quality growth in Hubei, and contribute Tianfeng’s strength to Hubei’s strategic rise in central China.