Environmental administrative penalties and rectification
Hong Kong IPO disclosure precedents · 5 companies, 5 items
Fines or administrative penalties imposed for environmental violations (e.g. pollution treatment facilities not operating properly, malfunctioning monitoring equipment, discharge exceeding permit limits), including remediation and materiality analysis.
Compliance matters are read from filings since 24 August 2026.
We strictly comply with environmental laws and regulations in all our operating locations, including the Environmental Protection Law of the People’s Republic of China, the Water Pollution Prevention and Control Law of the People’s Republic of China, and the Law of the People’s Republic of China on the Prevention and Control of Environmental Pollution by Solid Waste, along with related regulations.
Business · p. 177
During the Track Record Period, the Company has not been subject to any administrative penalties or negative publicity related to environmental non-compliance.
We integrate environmental considerations into our manufacturing and operational processes and comply with applicable environmental laws and regulations in the jurisdictions where we operate in all material respects.
Business · p. 166
During the Track Record Period and up to the Latest Practicable Date, we were not subject to any material administrative penalties or prosecution in relation to violations of environmental laws and regulations.
During the Track Record Period, we were subject to administrative penalties in respect of two incidents of non-compliance relating to a factory.
Risk Factors · p. 28
Specifically, the automatic monitoring equipment at the RTO exhaust gas outlet of the RA Chemical factory was found to have not been operating properly during an inspection by the relevant government authority in June 2024, for which a fine of RMB20,000 was imposed.
Business · p. 148
In addition, the automatic monitoring data of the inorganic wastewater discharge outlet of the RA Chemical factory was found to have exceeded the permitted concentration limits, resulting in a fine of RMB352,000.
The City Bureau for Ecosystem and Environment of Liaocheng fined Shandong Hailiang for RMB25,625 in April 2026 for improper operation of pollution processing facilities.
During the Track Record Period and up to the Latest Practicable Date, we had been in compliance with health, work safety and environmental laws and regulations applicable to our operations in all material respects and had not been subject to any material claims, fines or other penalties due to non-compliance with health, work safety or environmental regulations that would materially and adversely affect our business, financial condition or results of operations.