Tiger Pharmaceuticals announced that the actual controller of the company was previously investigated for illegal disclosure of information related to changes in shareholding. On October 16, 2026, Ye Xiaoping and Cao Xiaochun received the “Administrative Penalty Decision” from the Zhejiang Supervisory Authority. They were warned and fined 500,000 yuan each for not disclosing the “Simplified Rights Change Report” in a timely manner.

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