Breese Fined 10.1 Million Yuan for Information Disclosure Violations
Breese (倍轻松) has been fined a total of 10.1 million yuan due to alleged violations of information disclosure regulations. The company and its actual controller, Ma Xuejun, were investigated starting December 25, 2025, for suspected breaches. The Shenzhen Regulatory Bureau found that Breese failed to disclose related party transactions and significant guarantee matters in a timely manner. Additionally, the company's 2024 annual report contained major omissions.
As a result of these findings, Breese received a warning and a fine of 2.5 million yuan. Ma Xuejun was also issued a warning and fined 6.3 million yuan. Other individuals, Zhao Hongyun and Yin Wei, received warnings and fines of 800,000 yuan and 500,000 yuan, respectively. The company stated that it has completed rectifications and has not encountered any risk warnings or delisting situations as of the announcement date.
This case highlights the critical importance of timely and accurate information disclosure for publicly traded companies. Regulatory bodies are enforcing compliance with rules designed to protect investors by ensuring they have access to material information. The substantial fines levied against Breese and its key individuals underscore the potential consequences of non-compliance, even if the company asserts it has since rectified the issues. Moving forward, companies must strengthen internal controls and governance frameworks to prevent similar disclosure lapses, particularly as regulatory scrutiny intensifies in financial markets.
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