Tianfeng Securities: Administrative Penalty Decision Implemented, Comprehensive Rectification Solid and Effective, Steady Development Opens New Chapter

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On March 13, Tianfeng Securities (rights protection) officially announced receipt of the “Administrative Penalty Decision” issued by the Hubei Regulatory Bureau of the China Securities Regulatory Commission. The penalty results are consistent with the previous “Notice of Administrative Penalty,” 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 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 actively cooperated, clarified facts, and took 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 paving the way for high-quality growth.

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

Market analysts point out that this event is an important milestone in Tianfeng Securities’ risk clearance and has clear industry demonstration significance. Regulatory authorities have imposed penalties in accordance with laws and regulations, with a clear focus on “pursuing the primary culprits and punishing accomplices,” demonstrating a firm commitment to strengthening supervision of securities institutions 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 enhancement. 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 125 million to 185 million yuan in 2025, successfully turning losses into profits—its 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 to the real economy, having served nearly 930 billion yuan in financing for the real economy over the past three years. With full support from its controlling shareholder, Hongtai Group, Tianfeng Securities has achieved steady progress in performance recovery, capital reinforcement, and serving the real economy, with high-quality transformation and development showing clear results.

Looking ahead, Tianfeng Securities will take this resolution of historical risks 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 construction of Hubei’s strategic hub, accelerate building a financial support point for high-quality development in Hubei, and contribute Tianfeng’s strength to Hubei’s rise as an important central strategic hub.

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Editor: Liu Wanli SF014