• China’s Zhejiang securities regulator issued a warning letter to Tigermed controller Ye Xiaoping, Cao Xiaochun over delayed stake-change disclosure.
• Regulator also sent a preliminary penalty notice, proposing warnings plus CNY 1 million in fines, split CNY 500,000 each.
• Case cites undisclosed 5% voting-shareholding change on Sept. 20, 2019, disclosed only on May 12, 2026.
• Warning letter also flags a Dec. 7, 2022, 1% stake reduction that was not disclosed until May 12, 2026.
• Company said the matter is unrelated to operations, does not trigger mandatory delisting rules, operations remain normal.

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. Hangzhou Tigermed Consulting Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260911-12330159), on September 11, 2026, and is solely responsible for the information contained therein.