| Event announcement (non punishment result) Date of announcement: May 25, 2023 |
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| title | Shanzi Shares: Announcement on Short term Trading and Apology of Senior Managers' Relatives |
| Relevant regulations | Company Law, Securities Law, Shenzhen Stock Exchange Stock Listing Rules |
| Document batch number | |
| Reason for approval | Shanzi Hi Tech Co., Ltd. (hereinafter referred to as "the Company") received the Statement on the Situation and Apology of My Relatives' Purchase and Sale of Stocks Constituting Short term Trading issued by Ms. Tu Saili, Vice President, on May 23, 2023, and learned that Mr. Hu Zhifeng, the spouse of Ms. Tu Saili, Vice President, had short-term trading of company stocks in his securities account. |
| Approval content | The company attaches great importance to this matter after knowing it, and timely checks and understands the relevant situation. Ms. Tu Saili and His spouse, Mr. Hu Zhifeng, also actively cooperated and corrected. Handling of this matter and measures taken The measures are as follows: 1. According to the provisions of Article 44 of the Securities Law: "Listed companies and stocks are listed in the State Council Companies approved to trade on other national securities exchanges hold more than 5% of the shares The directors, supervisors and senior managers shall transfer their shares of the company or other Equity securities are sold within six months after being bought, or are bought again within six months after being sold, The income thus obtained shall belong to the company, and the board of directors of the company shall recover the income. Shares held by directors, supervisors, senior managers and natural person shareholders referred to in the preceding paragraph or their Securities with equity nature, including those held by his spouse, parents, children and accounts of others Shares or other securities with equity nature. " Mr. Ho Chi feng's trading behavior violates the above provisions and constitutes short-term trading. This short line handover The total loss is 22.5 yuan. The calculation method is: (average selling price - average buying price) × short-term trading shares Amount=(1.79-1.79375) × 6000=- 22.5 yuan, that is, there is no short-term transaction income that should be turned in situation. 2. Ms. Tu Saili, Vice President, did not know in advance that her spouse Mr. Hu Zhifeng's securities account was paid The company has not informed the company's operation or other inside information before and after the transaction about the company's stock Interest. Mr. Ho Chi feng's buying and selling of the company's stocks are independent of his own trading in the secondary market The decision made by judgment does not involve the use of insider information trading to seek benefits. 3. Ms. Tu Saili, Vice President, and Mr. Hu Zhifeng, his spouse have deeply realized that this short-term exchange The seriousness of Yi and its adverse impact on this short-term transaction Sorry! In the future, Ms. Tu Saili and her relatives will strengthen the management of securities accounts and seriously study related issues Laws and regulations will consciously abide by the provisions of Article 44 of the Securities Law on the prohibition of short-term trading, Do not sell the company's shares within six months from the date of the last purchase of the company's shares Do not buy the company's shares within six months from the date of selling the company's shares. 4. The Board of Directors of the Company will further take measures to strengthen directors, supervisors, senior managers Shareholders and relevant staff holding more than 5% of the company's shares learn the Certificate of the People's Republic of China Securities Law, Shenzhen Stock Exchange Stock Listing Rules and Shenzhen Stock Exchange Listed Companies Self regulatory Guidelines No. 1 - Standardized Operation of Main Board Listed Companies and other relevant laws, regulations and norms Sex documents, strictly abide by relevant regulations, operate prudently, and urge relevant personnel to strictly regulate the trading of corporate shares To prevent such incidents from happening again. |
| Handled by | board of directors |
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| Public condemnation announcement date: July 11, 2022 |
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| title | *ST Yinyi: Decision on Public Condemnation of Ningbo Shengzhou Investment Co., Ltd |
| Relevant regulations | Stock Listing Rules (Revised in November 2018), Self regulatory Guidelines for Listed Companies No. 12 - Standards for the Implementation of Disciplinary Actions |
| Document batch number | |
| Reason for approval | It is found that Ningbo Shengzhou Investment Co., Ltd. (hereinafter referred to as "Ningbo Shengzhou") has the following violations: Yinyi Co., Ltd. (hereinafter referred to as "* ST Yinyi") issued shares to Ningbo Shengzhou to purchase 100% of the equity of Ningbo Dongfang Yisheng Investment Co., Ltd. (hereinafter referred to as "Dongfang Yisheng"), and signed the Profit Forecast Compensation Agreement with Ningbo Shengzhou. According to the Profit Forecast Compensation Agreement, Ningbo Shengzhou promised that the net profits of Dongfang Yisheng in 2017, 2018 and 2019 would not be less than 751610700 yuan, 917470800 yuan and 1117814900 yuan, respectively. According to the authentication report issued by PricewaterhouseCoopers Zhongtian Certified Public Accountants, Dongfang Yisheng realized net profits of 802.8226 million yuan, 145.6823 million yuan and -864.7604 million yuan in 2017, 2018 and 2019, respectively, with a performance commitment completion rate of 3%. According to the Profit Forecast Compensation Agreement and the compensation plan approved by the shareholders' meeting of * ST Yinyi, Ningbo Shengzhou should give 894887257 shares to other shareholders in total and return cash of 626.4211 million yuan to * ST Yinyi* ST Yinyi sent written notices of performance compensation to Ningbo Shengzhou on July 5, 2019 and August 22, 2020 respectively, requiring Ningbo Shengzhou to fulfill its performance compensation commitment within the specified period (before August 16, 2019 and October 9, 2020). Ningbo Shengzhou failed to perform the above compensation obligations within the above specified period, until March 8, 2022, Ningbo Shengzhou completed the above performance compensation and cash dividend return through the relevant arrangement of * ST Yinyi bankruptcy reorganization. |
| Approval content | Ningbo Shengzhou Investment Co., Ltd. was given a punishment of public condemnation. |
| Handled by | Shenzhen Stock Exchange |
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| Public condemnation announcement date: July 11, 2022 |
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| title | *ST Yinyi: Decision on giving Tibet Yinyi Investment Management Co., Ltd. a public reprimand |
| Relevant regulations | Stock Listing Rules (Revised in November 2018), Self regulatory Guidelines for Listed Companies No. 12 - Standards for the Implementation of Disciplinary Actions |
| Document batch number | |
| Reason for approval | It is found that Ningbo Shengzhou Investment Co., Ltd. (hereinafter referred to as "Ningbo Shengzhou") has the following violations: Yinyi Co., Ltd. (hereinafter referred to as "* ST Yinyi") issued shares to Ningbo Shengzhou to purchase 100% of the equity of Ningbo Dongfang Yisheng Investment Co., Ltd. (hereinafter referred to as "Dongfang Yisheng"), and signed the Profit Forecast Compensation Agreement with Ningbo Shengzhou. According to the Profit Forecast Compensation Agreement, Ningbo Shengzhou promised that the net profits of Dongfang Yisheng in 2017, 2018 and 2019 would not be less than 751610700 yuan, 917470800 yuan and 1117814900 yuan, respectively. According to the authentication report issued by PricewaterhouseCoopers Zhongtian Certified Public Accountants, Dongfang Yisheng realized net profits of 802.8226 million yuan, 145.6823 million yuan and -864.7604 million yuan in 2017, 2018 and 2019, respectively, with a performance commitment completion rate of 3%. According to the Profit Forecast Compensation Agreement and the compensation plan approved by the shareholders' meeting of * ST Yinyi, Ningbo Shengzhou should give 894887257 shares to other shareholders in total and return cash of 626.4211 million yuan to * ST Yinyi* ST Yinyi sent written notices of performance compensation to Ningbo Shengzhou on July 5, 2019 and August 22, 2020 respectively, requiring Ningbo Shengzhou to fulfill its performance compensation commitment within the specified period (before August 16, 2019 and October 9, 2020). Ningbo Shengzhou failed to perform the above compensation obligations within the above specified period, until March 8, 2022, Ningbo Shengzhou completed the above performance compensation and cash dividend return through the relevant arrangement of * ST Yinyi bankruptcy reorganization. |
| Approval content | Tibet Yinyi Investment Management Co., Ltd. was given a punishment of public condemnation. |
| Handled by | Shenzhen Stock Exchange |
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| Date of inquiry announcement: May 24, 2022 |
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| title | Letter of Inquiry on the 2021 Annual Report of Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Annual Report Query Letter of the Company Department [2022] No. 385 |
| Reason for approval | The Company has received the inquiry letter issued by the Management Department II of Listed Companies of Shenzhen Stock Exchange |
| Approval content | Your company is requested to make a written statement on the above issues, submit the relevant explanatory materials to our Ministry for disclosure before May 31, 2022, and send a copy to the local office. |
| Handled by | Management Department II of Listed Companies of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: April 20, 2022 |
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| title | Letter on Supervision of Yinyi Co., Ltd |
| Relevant regulations | Stock Listing Rules (Revised in 2022) |
| Document batch number | Company Department Supervision Letter [2022] No. 86 |
| Reason for approval | Jiaxing Zihe Jinxin Equity Investment Partnership (limited partnership): Yinyi Co., Ltd. (hereinafter referred to as "the Company") disclosed the Indicative Announcement on Changes in Shareholders' Equity and Changes in Controlling Shareholders and Actual Controllers on February 28, 2022, according to which, as of the disclosure date of the announcement, your enterprise held 2988200641 shares of the Company, accounting for 29.89% of the total share capital of the Company, and became the controlling shareholder of the Company. Before and after the equity change, the proportion of shares held by your company increased from 0% to 29.89%. Your company did not disclose the equity change report in a timely manner, and did not disclose the Detailed Equity Change Report until April 16, 2022. |
| Approval content | We hope that your enterprise can learn lessons and make timely rectification to prevent the recurrence of the above problems. |
| Handled by | Management Department II of Listed Companies of Shenzhen Stock Exchange |
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| Announcement date of regulatory concern: March 23, 2022 |
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| title | Concern Letter on Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Concern Letter [2022] No. 180 of the Company Department |
| Reason for approval | The Company received the letter of concern issued by the Management Department II of Listed Companies of Shenzhen Stock Exchange |
| Approval content | Your company is requested to make a written statement on the above issues, submit the relevant explanatory materials to our Ministry for disclosure before March 29, 2022, and send a copy to the local office. |
| Handled by | Management Department II of Listed Companies of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: October 11, 2021 |
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| title | Concern Letter on Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Concern Letter [2021] No. 344 of the Company Department |
| Reason for approval | The Company received the letter of concern issued by the Management Department II of Listed Companies of Shenzhen Stock Exchange |
| Approval content | Your company is requested to make a written statement on the above issues, and the lawyer will give a clear opinion after verification. The relevant explanatory materials will be submitted to our Ministry and disclosed to the public before October 13, 2021, and a copy will be sent to the local office at the same time. |
| Handled by | Management Department II of Listed Companies of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: August 19, 2021 |
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| title | Letter on Supervision of Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | The Ministry of Company Supervision Letter [2021] No. 126 |
| Reason for approval | The Company has received the supervision letter issued by the Management Department II of Listed Companies of Shenzhen Stock Exchange |
| Approval content | We hope that your company and all directors, supervisors and senior managers learn lessons, strictly abide by the provisions of the Securities Law, the Company Law and other laws, the Stock Listing Rules and the Guidelines for the Standardized Operation of Listed Companies, and truly, accurately, completely, timely and fairly perform the obligation of information disclosure, so as to put an end to such events. |
| Handled by | Management Department II of Listed Companies of Shenzhen Stock Exchange |
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| Date of inquiry announcement: June 3, 2021 |
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| title | Letter of Inquiry on the 2020 Annual Report of Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Annual Report Query Letter of the Company Department [2021] No. 301 |
| Reason for approval | The Company has received the inquiry letter issued by the Management Department II of Listed Companies of Shenzhen Stock Exchange |
| Approval content | Your company is requested to make a written statement on the above issues, submit the relevant explanatory materials to our department and disclose them to the public before June 10, and send a copy to the local office at the same time. |
| Handled by | Management Department II of Listed Companies of Shenzhen Stock Exchange |
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| Date of inquiry announcement: May 20, 2021 |
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| title | *ST Yinyi: Announcement on Reply to Inquiry Letter of Shenzhen Stock Exchange |
| Relevant regulations | |
| Document batch number | Inquiry Letter of the Company Department [2021] No. 46 |
| Reason for approval | The Company received the inquiry letter issued by Shenzhen Stock Exchange |
| Approval content | The company is now replying to and announcing relevant inquiries. |
| Handled by | Shenzhen Stock Exchange |
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| Regulatory attention announcement date: December 17, 2020 |
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| title | Concern Letter on Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Concern Letter [2020] No. 131 of the Company Department |
| Reason for approval | The Company received the letter of concern issued by the Company Management Department of Shenzhen Stock Exchange |
| Approval content | Your company is requested to submit the relevant explanatory materials to our department and disclose them to the public before December 21, and send a copy to the local office. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: December 4, 2020 |
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| title | Concern Letter on Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Concern Letter [2020] No.123 of the Company Department |
| Reason for approval | The Company received the letter of concern issued by the Company Management Department of Shenzhen Stock Exchange |
| Approval content | Your company is requested to submit the relevant explanatory materials to our department and disclose them to the public before December 8, 2020, and send a copy to the local office. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: September 29, 2020 |
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| title | Letter on Supervision of Yinyi Co., Ltd |
| Relevant regulations | Stock Listing Rules |
| Document batch number | Ministry of Supervision [2020] No. 53 |
| Reason for approval | On July 2, 2020, our department issued the Inquiry Letter on the Annual Report of Yinyi Co., Ltd. (Annual Report Inquiry Letter [2020] No. 194) to your company. Since then, our department has repeatedly urged your company to fully respond to relevant inquiries within the specified time limit and timely fulfill the obligation of information disclosure, but up to now, your company has still failed to complete the response and disclosure of the above inquiry letter. |
| Approval content | The above behaviors of your company violate the provisions of Articles 2.1 and 2.16 of the Listing Rules. We hope that your company, managers and relevant personnel will learn lessons, strictly abide by the Securities Law, the Company Law and other laws and regulations, the Stock Listing Rules and other provisions, truthfully and completely respond to our inquiries on matters related to your company's 2019 annual report as soon as possible, timely, truly, accurately and completely perform the obligation of information disclosure, and put an end to such events. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Date of inquiry announcement: July 2, 2020 |
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| title | Letter of Inquiry on the Annual Report of Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Annual Report Inquiry Letter [2020] No.194 of the Company Department |
| Reason for approval | The Company received the inquiry letter issued by the Company Management Department of Shenzhen Stock Exchange |
| Approval content | Your company is requested to make a written explanation on the above issues. If the disclosure is required, please perform the disclosure obligation in a timely manner, and submit the relevant explanatory materials to our department before July 8, with a copy to the local office. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: February 14, 2020 |
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| title | Letter on Supervision of Yinyi Co., Ltd. and Related Parties |
| Relevant regulations | Stock Listing Rules |
| Document batch number | The Ministry of Supervision [2020] No. 9 |
| Reason for approval | Yinyi Co., Ltd., Xiong Xuqiang, Fang Yu: Upon investigation, Yinyi Co., Ltd. (hereinafter referred to as "ST Yinyi") failed to disclose the following related transactions as required: According to the Announcement on the Company and Related Personnel Receiving the Prior Notice of Administrative Penalty and the Decision on Administrative Penalty issued by STYinyi after the supplementary disclosure on January 16, 2020, in 2017, Ningbo Yinyi Times Real Estate Development Co., Ltd. (hereinafter referred to as "Yinyi Times"), a subsidiary of ST Yinyi, and Ningbo Dongfang Jiaoheng Construction Engineering Co., Ltd. (hereinafter referred to as "Dongfang Jiaoheng") signed the Supplementary Contract for General Contracting and Subcontracting, with a contract amount of 375 million yuan, and agreed that Dongfang Jiaoheng would provide labor services to Yinyi Times, Get the designated project loan issued by China Construction Investment Trust Co., Ltd. In 2018, ST Yinyi's subsidiary, Ningbo Free Trade Zone Kaiqi Precision Manufacturing Co., Ltd. (hereinafter referred to as "Kaiqi Precision") and Hangzhou Shengfeng Trade Co., Ltd. (hereinafter referred to as "Shengfeng Trade") signed the Purchase and Sales Contract, with the contract amount of RMB 139 million. It agreed that Shengfeng Trade would provide Kaiqi Precision with aluminum ingots and withdraw the designated project loans issued by China Construction Investment Trust Co., Ltd. The above two transactions constitute connected transactions, and the contract amount respectively accounted for 2.02% and 0.75% of ST Yinyi's audited net assets in 2017, but ST Yinyi failed to timely perform its information disclosure obligations. |
| Approval content | This bourse hopes that ST Yinyi and all directors, supervisors and senior managers learn lessons, strictly abide by the provisions of the Securities Law, the Company Law and other laws and regulations as well as the Stock Listing Rules, timely, truthfully, accurately and completely perform the obligation of information disclosure, and put an end to such incidents. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: February 1, 2020 |
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| title | Concern Letter on Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Concern Letter [2020] No. 23 of the Company Department |
| Reason for approval | The Company received the letter of concern issued by the Company Management Department of Shenzhen Stock Exchange. |
| Approval content | Please submit relevant explanatory materials to our department and disclose them before February 10, 2020; If it cannot be completed within the specified time due to the impact of epidemic prevention and control, please contact our department in time. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Announcement date of punishment decision: January 15, 2020 |
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| title | ST Yinyi: Announcement on the Company and relevant personnel receiving the notice in advance of administrative penalty and the decision on administrative penalty |
| Relevant regulations | Securities Law |
| Document batch number | Gansu Securities Regulatory Bureau [2020] No. 1 |
| Reason for approval | It was found that the parties involved had the following illegal facts: in 2018, Yinyi Shares had 7 related transactions with related parties, with a total amount of 4.312 billion yuan. Each transaction reached the information disclosure standard, and Yinyi Shares failed to perform its information disclosure obligations in a timely manner. |
| Approval content | According to the facts, nature, circumstances and degree of social harm of the illegal acts of the parties, and in accordance with the provisions of the first and third paragraphs of Article 193 of the Securities Law, Gansu Securities Regulatory Bureau intends to decide: 1. Yinyi Shares was given a warning and fined 400000 yuan. 2. Xiong Xuqiang was given a warning and fined 600000 yuan, including 200000 yuan as the directly responsible person in charge and 400000 yuan as the actual controller. 3. The other party Yu, Zhang Minghai and Wang Deyin will be warned and fined 150000 yuan respectively. 4. Li Chuner was given a warning and fined 100000 yuan. |
| Handled by | Gansu Securities Regulatory Bureau |
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| Announcement date of punishment decision: January 9, 2020 |
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| title | China Securities Regulatory Commission Gansu Regulatory Bureau Administrative Punishment Decision (Yinyi Shares, Xiong Xuqiang, Fang Yu, Zhang Minghai, Wang Deyin, Li Chuner) |
| Relevant regulations | Administrative Measures for Information Disclosure of Listed Companies (CSRC Order No. 40), Shenzhen Stock Exchange Stock Listing Rules, Securities Law |
| Document batch number | Administrative Punishment Decision [2020] No. 1 |
| Reason for approval | 1、 Yinyi Group Co., Ltd. (hereinafter referred to as Yinyi Group) 2、 Yinyi Shares failed to disclose related transactions as required |
| Approval content | According to the facts, nature, circumstances and social harm degree of the illegal acts of the parties, and in accordance with the provisions of the first and third paragraphs of Article 193 of the Securities Law, our bureau decides: 1、 Yinyi Shares was given a warning and fined 400000 yuan. 2、 Xiong Xuqiang was given a warning and fined 600000 yuan, including 200000 yuan as the directly responsible person in charge and 400000 yuan as the actual controller. 3、 The other party Yu, Zhang Minghai and Wang Deyin will be warned and fined 150000 yuan respectively. 4、 Li Chuner was given a warning and fined 100000 yuan. |
| Handled by | Gansu Securities Regulatory Bureau |
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| Regulatory attention announcement date: December 19, 2019 |
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| title | Concern Letter on Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Concern Letter [2019] No. 145 of the Company Department |
| Reason for approval | The Company received the letter of concern issued by the Company Management Department of Shenzhen Stock Exchange |
| Approval content | Please submit the explanatory materials to our department before December 23. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: September 27, 2019 |
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| title | Letter on Supervision over Relevant Parties of Yinyi Co., Ltd |
| Relevant regulations | Stock Listing Rules (Revised in April 2018), Stock Listing Rules (Revised in November 2018) |
| Document batch number | The Ministry of Company Supervision Letter [2019] No. 64 |
| Reason for approval | Wang Haifeng, Wang Zhenpo, Yu Minggui, Liu Quan, Lu Fengqi, Zhang Baozhu, Zhu Ying, Liu Jiang: On April 30, 2019, Yinyi Co., Ltd. (hereinafter referred to as "the Company") disclosed the "Cautionary Announcement on Other Risk Warnings Triggered by Capital Occupation of the Company's Controlling Shareholders and Related Parties and the Suspension of Trading of the Company's Shares", which showed that as of the announcement date, The balance of non operating funds occupied by the controlling shareholder Ningbo Yinyi Holding Co., Ltd. and its related parties is about 2.247 billion yuan. |
| Approval content | We hope you can learn a lesson and strictly abide by the Securities Law, the Company Law and other laws and regulations as well as the Stock Listing Rules to prevent such incidents. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Public condemnation announcement date: September 26, 2019 |
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| title | Decision on Disciplinary Action against Yinyi Co., Ltd. and Related Parties |
| Relevant regulations | Stock Listing Rules (revised in April 2018), Stock Listing Rules (revised in November 2018), and Guidelines for the Standardized Operation of Main Board Listed Companies (revised in 2015) |
| Document batch number | |
| Reason for approval | ST Yinyi and related parties have the following violations: 1、 The performance forecast is not timely revised; 2、 Non operating capital occupation by controlling shareholders and their related parties. |
| Approval content | 1、 Give Yinyi Co., Ltd. a public reprimand; 2、 Give Ningbo Yinyi Holding Co., Ltd. a public reprimand; 3、 Xiong Xuqiang, Chairman of Yinyi Co., Ltd., Zhang Minghai, Vice Chairman, Fang Yu, Vice Chairman, Wang Deyin, Director and President, and Li Chuner, Chief Financial Officer were publicly condemned. |
| Handled by | Shenzhen Stock Exchange |
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| Date of notice of criticism: September 26, 2019 |
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| title | Decision on Disciplinary Action against Yinyi Co., Ltd. and Related Parties |
| Relevant regulations | Stock Listing Rules (revised in April 2018), Stock Listing Rules (revised in November 2018), and Guidelines for the Standardized Operation of Main Board Listed Companies (revised in 2015) |
| Document batch number | |
| Reason for approval | ST Yinyi and related parties have the following violations: 1、 The performance forecast is not timely revised; 2、 Non operating capital occupation by controlling shareholders and their related parties. |
| Approval content | Lu Xuejia, then secretary of the Board of Directors of Yinyi Co., Ltd., Qiu Yang, director and Tan Yuesheng were criticized in a notice. |
| Handled by | Shenzhen Stock Exchange |
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| Date of investigation announcement: September 16, 2019 |
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| title | ST Yinyi: Announcement on Receiving the Notice of Investigation from the CSRC |
| Relevant regulations | Securities Law of the People's Republic of China |
| Document batch number | Gan Cha Zi No. 022, Gan Cha Zi No. 023, Gan Cha Zi No. 024, Gan Cha Zi No. 025, Gan Cha Zi No. 026, Gan Cha Zi No. 027 |
| Reason for approval | Suspected of illegal information disclosure |
| Approval content | Filing investigation |
| Handled by | China Securities Regulatory Commission |
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| Regulatory attention announcement date: August 26, 2019 |
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| title | Concern Letter on Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Concern Letter [2019] No.104 of the Company Department |
| Reason for approval | On August 24, your company disclosed the Announcement on Controlling Shareholders' Repayment of Debt with Assets and Related Transactions (hereinafter referred to as the "Announcement"). The announcement shows that as of the disclosure date of the announcement, your company's controlling shareholder Yinyi Holdings Co., Ltd. (hereinafter referred to as "Yinyi Holdings") and its related parties have repaid the occupied funds of HK $140 million (equivalent to RMB 123.0586 million) and RMB 188.42726 million, with a balance of 1936.29 million. Yinyi Holding plans to offset part of the amount of 424031200 yuan held by your company with 100% of the equity of Ningbo Pricex Electronics Co., Ltd. (hereinafter referred to as "Pricex") held by its wholly-owned subsidiary Ningbo Juyijia Electronics Co., Ltd. (hereinafter referred to as "Ningbo Juyijia"). Our department is concerned about this. |
| Approval content | Your company is requested to submit the explanatory materials to our department before August 29, and if disclosure is involved, please disclose the information in a timely manner. At the same time, we remind your company and all directors to strictly abide by the provisions of the Securities Law, the Company Law and other regulations and the Listing Rules, and to timely, truthfully, accurately and completely perform their information disclosure obligations. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: July 11, 2019 |
|---|
| title | Letter on Supervision of Yinyi Co., Ltd |
| Relevant regulations | Stock Listing Rules, Main Board Information Disclosure Business Memorandum No. 2 - Transactions and Connected Transactions |
| Document batch number | The Ministry of Company Supervision Letter [2019] No. 39 |
| Reason for approval | Board of Directors of Yinyi Co., Ltd.: On April 30, 2019, the Announcement on Retroactive Confirmation of Subsidiary's Guarantee for Subsidiary Ningbo Yinyi Haishang Hotel Investment Co., Ltd. disclosed by your company showed that your subsidiary Ningbo Haishang Hotel Co., Ltd. failed to perform internal decision-making procedures and provided a guarantee of 200 million yuan to your subsidiary Ningbo Yinyi Haishang Hotel Investment Co., Ltd. on March 5, 2019. Your company did not disclose the above guarantee matters until April 30, 2019. |
| Approval content | We hope that your company and all directors, supervisors and senior managers learn lessons, strictly abide by the Securities Law, the Company Law and other laws and regulations, the Stock Listing Rules and other provisions, timely, truly, accurately and completely perform the obligation of information disclosure, and put an end to such incidents. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Date of notice of criticism: June 11, 2019 |
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| title | Decision on Giving Ningbo Yinyi Holding Co., Ltd. a Notification of Criticism |
| Relevant regulations | Stock Listing Rules (Revised in November 2018), Detailed Rules for the Implementation of Share Reduction by Shareholders, Directors, Supervisors and Senior Executives of Listed Companies |
| Document batch number | |
| Reason for approval | It is found that Ningbo Yinyi Holding Co., Ltd. (hereinafter referred to as "Yinyi Holding") has the following violations: according to the Advisory Announcement on Passive Reduction of Some Shares of Controlling Shareholders and Possible Risk of Passive Reduction disclosed by Yinyi Co., Ltd. (hereinafter referred to as "ST Yinyi") on December 6, 2018 The Pre disclosure Announcement on the Passive Reduction Plan of Some of the Controlling Shareholders' Shares disclosed on January 3, 2019 and the Pre disclosure Announcement on the Passive Reduction Plan of Some of the Controlling Shareholders' Shares disclosed on March 2, 2019 showed that the ST Yinyi shares pledged by Yinyi Holdings in the credit account of Galaxy Securities had been passively closed, involving 61768579 shares of ST Yinyi, It accounted for 1.53% of the total share capital of ST Yinyi, but Yinyi Holdings failed to make pre disclosure of the above share reduction 15 trading days in advance. |
| Approval content | Ningbo Yinyi Holding Co., Ltd. was criticized in a notice. |
| Handled by | Shenzhen Stock Exchange |
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| Warning notice date: June 11, 2019 |
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| title | ST Yinyi: Announcement on the Company and Related Personnel Receiving the Decision on Administrative Supervision Measures from Gansu Securities Regulatory Bureau |
| Relevant regulations | Administrative Measures for Information Disclosure of Listed Companies |
| Document batch number | Gansu Securities Regulatory Bureau [2019] No. 5, [2019] No. 4 |
| Reason for approval | Upon investigation, your company had 7 non operational capital occupation by major shareholders in 2018, with the amount of capital occupation of 3.451 billion yuan. As of April 30, 2019, 2.248 billion yuan had not been returned, accounting for 15.38% of the company's net assets in the latest year. The above behavior failed to perform the obligation of information disclosure in a timely manner, and violated the provisions of Articles 2 and 3 of the Administrative Measures for Information Disclosure of Listed Companies. Xiong Xuqiang, Chairman of Yinyi Co., Ltd., Fang Yu and Zhang Minghai, Vice Chairmen, Wang Deyin, Director, Li Chuner, Chief Financial Officer, and Lu Xuejia, Secretary of the Board of Directors at that time: According to the investigation, there were 7 non operational capital occupation by major shareholders of Yinyi Shares in 2018, and the amount of capital occupation was 3.451 billion yuan. As of April 30, 2019, 2.248 billion yuan had not been returned, accounting for 15.38% of the company's net assets in the latest year. The above behavior failed to perform the obligation of information disclosure in a timely manner, and violated the provisions of Articles 2 and 3 of the Administrative Measures for Information Disclosure of Listed Companies. |
| Approval content | In accordance with the provisions of Article 59 and Article 63 of the Administrative Measures for Information Disclosure of Listed Companies, our bureau has decided to take administrative supervision measures to order your company to make corrections. Xiong Xuqiang, Chairman of Yinyi Co., Ltd., Fang Yu and Zhang Minghai, Vice Chairmen, Wang Deyin, Director, Li Chuner, Chief Financial Officer, and Lu Xuejia, Secretary of the Board of Directors at that time: As the main responsible person of the information disclosed, you failed to faithfully and diligently perform your duties, in violation of Article 58 of the Administrative Measures for Information Disclosure of Listed Companies. According to Article 59 of the Administrative Measures for Information Disclosure of Listed Companies, our bureau has decided to take administrative supervision measures to issue a warning letter to you. |
| Handled by | Gansu Securities Regulatory Bureau |
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| Date of inquiry announcement: May 21, 2019 |
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| title | Letter of Inquiry on the Annual Report of Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Annual Report Inquiry Letter [2019] No. 79 |
| Reason for approval | Received the inquiry letter on the annual report of Yinyi Co., Ltd. from the Company Management Department of Shenzhen Stock Exchange, the inquiry letter on the annual report of the Company Department [2019] No. 79. |
| Approval content | Your company is requested to make a written statement on the above issues. If it involves the need for disclosure, please timely perform the disclosure obligation, and submit the relevant explanatory materials to our department before May 27, with a copy to the local office. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: October 17, 2018 |
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| title | Letter on Supervision of Yinyi Co., Ltd |
| Relevant regulations | Stock Listing Rules, Guidelines for Standardized Operation of Main Board Listed Companies, Guidelines for Business Handling of Listed Companies No. 10 - Major Asset Restructuring |
| Document batch number | The Ministry of Company Supervision Letter [2018] No. 98 |
| Reason for approval | Lu Xuejia, Board of Directors and Secretary of the Board of Directors of Yinyi Co., Ltd.: On August 28, 2018, your company directly disclosed the Plan for Issuing Shares to Purchase Assets and Raise Supporting Funds and Related Party Transactions (hereinafter referred to as the "Plan"). Our department conducted post review on the above disclosure documents, and on September 4, we sent you the Inquiry Letter on Restructuring of Yinyi Co., Ltd. (Inquiry Letter on Permitted Restructuring [2018] No. 27) (hereinafter referred to as the "Inquiry Letter on Restructuring"), requesting your company to respond to our above inquiry before September 7, but your company failed to respond in a timely manner. On September 13, our department sent a letter of concern to your company, urging you to disclose our restructuring inquiry letter and apply for resumption of trading of shares before September 17. However, up to now, your company has not yet disclosed relevant documents, nor applied to the Exchange for resumption of trading of the company's shares. |
| Approval content | The above behaviors of your company violate Articles 1.4 and 2.1 of the Stock Listing Rules of the Exchange, Article 1.3 of the Standard Operation Guidelines for Main Board Listed Companies of the Exchange and the relevant provisions of the Business Handling Guidelines for Listed Companies No. 10 - Major Asset Restructuring of the Exchange. Lu Xuejia, the secretary of the board of directors of your company, fails to be diligent and responsible, and violates Article 1.4 of the Stock Listing Rules of the Exchange Article 3.1.5, 3.2.2 and Article 3.1.12 of the Guidelines for the Standardized Operation of Main Board Listed Companies. Your company is requested to disclose the restructuring inquiry letter as soon as possible and apply for the resumption of trading of the company's shares. The Exchange reserves the right to force the resumption of trading of your company in accordance with Article 12.18 of the Stock Listing Rules. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: September 13, 2018 |
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| title | Concern Letter on Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Concern Letter [2018] No. 185 of the Company Department |
| Reason for approval | On August 28, 2018, your company directly disclosed the Plan for Issuing Shares to Purchase Assets and Raising Supporting Funds and Related Party Transactions (hereinafter referred to as the "Plan"). Our department conducted post review on the above disclosure documents, and on September 4, we sent you the Inquiry Letter on Restructuring of Yinyi Co., Ltd. (Inquiry Letter on Permitted Restructuring [2018] No. 27) (hereinafter referred to as the "Inquiry Letter on Restructuring"), requesting your company to reply to our above inquiry before September 7. Your company has not replied to our inquiry so far, which is highly concerned by our department. |
| Approval content | Your company is requested to reply and disclose the reasons for not replying to our inquiry within the time limit before September 14, and whether the relevant matters constitute a substantial obstacle to the supplementary disclosure plan and the application for resumption of trading of shares, and the independent financial consultant is requested to check and express opinions. At the same time, please reply to our restructuring inquiry letter and apply for resumption of stock trading before September 17, 2018. If you are unable to answer our inquiry within the above period, please disclose the progress of the reorganization before September 17, fully remind the risks and apply for the resumption of trading of the company's shares. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Date of inquiry announcement: September 4, 2018 |
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| title | Inquiry Letter on the Restructuring of Yinyi Co., Ltd |
| Relevant regulations | |
| Document batch number | Inquiry Letter on Permitted Restructuring [2018] No. 27 |
| Reason for approval | The Company has received the Inquiry Letter on Restructuring of Yinyi Co., Ltd. [2018] No. 27 of the Permitted Restructuring Inquiry Letter sent by Shenzhen Stock Exchange. |
| Approval content | Your company is requested to make a written explanation on the above issues and submit the relevant explanation materials to our department before September 7. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Regulatory attention announcement date: January 31, 2018 |
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| title | Letter on Supervision of Yinyi Real Estate Co., Ltd |
| Relevant regulations | Listing Rules |
| Document batch number | The Ministry of Company Supervision Letter [2018] No. 12 |
| Reason for approval | Upon investigation, your company signed the Cooperation Agreement and Supplementary Agreement with Li Mingguan and Shanghai Dayou Economic Development Co., Ltd. (hereinafter referred to as "Dayou Company") in June and August 2015, agreeing to purchase 80% of the equity of Dayou Company held by Li Mingguan for 820 million yuan, accounting for 17.33% of your company's audited net assets in 2014, Your company failed to perform the obligation of temporary information disclosure in a timely manner. |
| Approval content | The above actions of your company violate the provisions of Articles 2.1 and 7.3 of the Listing Rules. We hope that your company and all directors, supervisors and senior managers learn lessons, strictly abide by the provisions of the Securities Law, the Company Law and other laws and regulations as well as the Listing Rules, timely, truthfully, accurately and completely perform the obligation of information disclosure, and put an end to such events. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Event announcement (non punishment result) Date of announcement: August 1, 2017 |
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| title | Yinyi Shares: Announcement on Short term Trading Caused by Misoperation of Controlling Shareholders and Persons Acting in Concert in Increasing Shares of the Company |
| Relevant regulations | Securities Law |
| Document batch number | |
| Reason for approval | Mr. Xiong Jikai, the person acting in concert with Ningbo Yinyi Holding Co., Ltd. (hereinafter referred to as "Yinyi Holding"), the controlling shareholder of Yinyi Real Estate Co., Ltd. (hereinafter referred to as "the Company"), caused short-term trading of the Company's shares due to operational errors of relevant staff in the process of increasing the Company's shares on July 31, 2017. |
| Approval content | After verification with Mr. Xiong Jikai, because of his busy work, his stock account was managed by the staff. The sale of company shares was caused by the operational error of the relevant staff. However, according to the Securities Law and the relevant provisions of Shenzhen Stock Exchange, the above sale of shares objectively constituted a short-term transaction. According to the company's self inspection, Mr. Xiong Jikai's above behaviors did not occur during the sensitive period of the company's disclosure of regular reports, there was no trading of the company's shares due to the acquisition of insider information, and there was no purpose of using short-term trading to seek benefits. The remedial measures taken by the company and Mr. Xiong Jikai for this misoperation are as follows: （1） Mr. Xiong Jikai promised not to reduce his holding of the company's shares during the implementation of this shareholding increase plan and within 6 months after the completion of the shareholding increase. （2） Mr. Xiong Jikai has deeply realized the seriousness of this short-term transaction, and he sincerely apologized to investors for this behavior, and promised to consciously abide by the Securities Law and other relevant provisions. （3） The Board of Directors of the Company has reiterated relevant laws and regulations to all directors, supervisors, senior managers and shareholders holding more than 5% of the shares of the listed company, and urged relevant personnel to strictly regulate the behavior of buying and selling shares of the Company to avoid the recurrence of such situations. |
| Handled by | board of directors |
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| Date of inquiry announcement: June 11, 2017 |
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| title | Inquiry Letter on the Restructuring of Yinyi Real Estate Co., Ltd |
| Relevant regulations | Standard 26, Revised Collection of Frequently Asked Questions and Answers to Laws and Regulations Governing Listed Companies |
| Document batch number | Inquiry Letter on Permitted Restructuring [2017] No. 12 |
| Reason for approval | On June 1, your company directly disclosed the Report on Raising Supporting Funds for the Purchase of Assets and the Transaction of Skylink (Draft) (hereinafter referred to as the "Report"). Our department has conducted post review on the above disclosure documents and put forward relevant feedback. |
| Approval content | Your company is requested to make a written explanation on the above issues and submit the relevant explanation materials to our department before June 14. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Date of inquiry announcement: March 16, 2016 |
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| title | Yinyi Shares: the Company's reply to the inquiry letter of Shenzhen Stock Exchange on restructuring of the Company |
| Relevant regulations | Revised Collection of Frequently Asked Questions and Answers to Laws and Regulations Governing Listed Companies, Standards for the Contents and Forms of Information Disclosure by Companies that Offer Securities to the Public No. 26 - Major Asset Restructuring of Listed Companies |
| Document batch number | Inquiry Letter on Permitted Restructuring [2016] No. 18 |
| Reason for approval | Shenzhen Stock Exchange issued the Inquiry Letter on Restructuring of Yinyi Real Estate Co., Ltd. (Inquiry Letter on Permitted Restructuring [2016] No. 18) on March 8, 2016. |
| Approval content | Yinyi Real Estate Co., Ltd. (hereinafter referred to as "Yinyi Shares", "Listed Company", "the Company", "the Company"), in collaboration with independent financial adviser Morgan Stanley Huaxin Securities Co., Ltd. (hereinafter referred to as "independent financial adviser"), carefully checked, analyzed and explained the issues raised in the above restructuring inquiry letter item by item, and replied. |
| Handled by | Shenzhen Stock Exchange |
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| Announcement date of rectification notice: February 26, 2016 |
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| title | Yinyi Shares: Announcement on Receiving the Supervision Letter from Shenzhen Stock Exchange and Rectification |
| Relevant regulations | Stock Listing Rules (Revised in 2014) |
| Document batch number | The Ministry of Corporate Supervision [2016] No. 11 |
| Reason for approval | On February 24, 2016, Yinyi Real Estate Co., Ltd. (hereinafter referred to as "the Company") received the Supervision Letter on Yinyi Real Estate Co., Ltd. from the Company Management Department of Shenzhen Stock Exchange (the Supervision Letter of the Company Department [2016] No. 11, hereinafter referred to as "the Supervision Letter"), which means that "on August 24, 2015, your company applied for stock suspension due to the planning of major events. On September 14, your company announced that the major event had been completed and continued to apply for suspension of trading to plan other major events. On November 26, your company disclosed the announcement on continuing to plan the non-public offering of shares and applying for continued trading suspension, confirmed that the relevant major event was a major asset restructuring and applied for continued trading suspension. The announcement disclosed: 'The company is expected to resume trading no later than February 24, 2016, and promises to start trading suspension for the first time on August 24, 2015, The cumulative suspension time of the company's shares shall not exceed six months. ' Relevant matters have been reviewed and approved by the general meeting of shareholders of your company. We have noticed that your company did not submit the application for resumption of trading of the company's shares to the Exchange before the expiration of the promised suspension period, and disclosed again on February 24, 2016 the announcement of continued suspension of major asset restructuring that your company's shares continued to be suspended, and it is expected to disclose the restructuring plan on March 2, 2016. The above behaviors of your company violate the provisions of Articles 1.4, 2.1 and 11.11.1 of the Stock Listing Rules (2014 Revision) of the Exchange. Your company and all directors, supervisors and senior managers should strictly abide by their commitments, disclose the restructuring plan as soon as possible or apply for the resumption of trading of the company's shares. We will take further supervision measures as appropriate. " |
| Approval content | After receiving the supervision letter, the Board of Directors of the Company attached great importance to this, communicated it to the directors, supervisors, senior managers and relevant responsible departments of the Company in a timely manner, and put forward rectification measures for the problems pointed out in the supervision letter in a timely manner. Person in charge of rectification: Chairman, President, Secretary of the Board of Directors Department responsible for rectification: Securities Department and relevant business departments Rectification period: The company will accelerate communication and work with relevant parties, eliminate uncertainties as soon as possible, improve and complete relevant work, and promise to disclose the plan for this major asset restructuring or apply for the resumption of trading of the company's shares before March 2, 2016. |
| Handled by | Company Management Department of Shenzhen Stock Exchange |
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| Notice of criticism Date: November 23, 2015 |
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| title | Decision on Notification of Criticism and Punishment to Yinyi Real Estate Co., Ltd. and Related Parties |
| Relevant regulations | Stock Listing Rules (revised in 2014), Guidelines for the Standardized Operation of Main Board Listed Companies (formulated in 2010) |
| Document batch number | |
| Reason for approval | It is found that Yinyi Real Estate Co., Ltd. (hereinafter referred to as "Yinyi Shares") and related parties have the following violations: 1. From September 2014 to December 2014, Nanjing Yinyi Construction Development Co., Ltd. (hereinafter referred to as "Nanjing Yinyi Construction"), a wholly-owned subsidiary of Yinyi, provided 840 million yuan of inter-bank funds to Yum Kylin (Nanjing) Construction Development Co., Ltd. (hereinafter referred to as "Yum Kylin"), a joint-stock company of Yinyi, and recovered the funds at the end of December 2014. From January to March 2015, Nanjing Yinyi Construction continued to provide a total of 1.055 billion yuan of inter-bank loans to Yum! Kirin, and recovered all principal and interest on June 18, 2015. On March 18, 2015, the maximum balance of the above borrowing funds reached 1.055 billion yuan, accounting for 24.8% of the audited net assets of Yinyi Shares in 2013. However, other shareholders of Yum Kylin did not provide financial assistance of the same conditions to Yum Kylin in proportion to their capital contributions, and Yinyi Shares did not perform the obligation of information disclosure on the above matters. 2. Yinyi Shares provided the following financial assistance to its business partners during 2014 and the first quarter of 2015: it lent 390 million yuan to Ningbo Juying Real Estate Development Co., Ltd., with the maximum balance of 229 million yuan during the period; Lend 54 million yuan to Ningbo Xinheng Investment Development Co., Ltd; Lend 53 million yuan to Ningbo Tianyuan Electric Appliance Group; Lend 14.25 million yuan to Ningbo Longtai Plastic Industry Co., Ltd. The maximum balance of the above financial assistance accumulated to 1.404 billion yuan, accounting for 28.1% of the audited net assets of Yinyi Shares in 2014. As of the end of June 2015, Yinyi has received the borrowing funds provided to Ningbo Longtai Plastic Industry Co., Ltd., and some financial assistance to other companies has not been recovered. However, Yinyi Shares did not perform the corresponding review procedures and temporary information disclosure obligations, and only explained them in the notes to relevant subjects in the annual report and the first quarter report. The above behavior of Yinyi Shares violates the provisions of Article 2.1, 7.8, 9.2 of the Stock Listing Rules (2014 Revision) and Article 2.1.6 of the Guidelines for the Standardized Operation of Main Board Listed Companies (2010 Revision) of the Exchange. Xiong Xuqiang, Chairman of Yinyi, Fang Yu, CEO, Wang Deyin, President and Zhu Ying, Chief Financial Officer, failed to scrupulously abide by their duties and fulfill their obligations of integrity and diligence, violated the provisions of Articles 1.4 and 3.1.5 of the Stock Listing Rules (2014 Revision) of the Exchange, and were responsible for the above violations. |
| Approval content | In view of the above violation facts and circumstances, in accordance with the provisions of Articles 17.2 and 17.3 of the Stock Listing Rules (Revised in 2014) of the Exchange, and after deliberation and approval by the Disciplinary Committee of the Exchange, the Exchange has made the following disciplinary decisions: 1、 Give Yinyi Real Estate Co., Ltd. a notice of criticism; 2、 Xiong Xuqiang, Chairman of Yinyi Real Estate Co., Ltd., Fang Yu, CEO, Wang Deyin, President, and Zhu Ying, CFO were criticized in a notice. |
| Handled by | Shenzhen Stock Exchange |
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| Announcement date of rectification notice: April 24, 2015 |
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| title | Announcement on Correction of 2015 New Guarantee Limit of Yinyi Real Estate Co., Ltd |
| Relevant regulations | Shenzhen Stock Exchange Main Board Listed Company Standard Operation Guidelines, Shenzhen Stock Exchange Listing Rules |
| Document batch number | |
| Reason for approval | On April 21, 2015, the company published a report on the Securities Times and CNINFO（ http://www.cninfo.com.cn ）The Announcement on New Guarantee Quota in 2015 (Announcement No. 2015-017) was published, and some contents in the announcement need to be corrected and supplemented. |
| Approval content | In accordance with the provisions of laws, regulations and normative documents such as the Guidelines for the Standardized Operation of Companies Listed on the Main Board of Shenzhen Stock Exchange, the Listing Rules of Shares on the Shenzhen Stock Exchange, and the requirements of Shenzhen Stock Exchange, we hereby make corrections and supplements to some of the contents of the above announcement. |
| Handled by | Shenzhen Stock Exchange |
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| Announcement date of punishment decision: December 11, 2008 |
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| title | Decision of CSRC on Administrative Punishment (16 responsible persons including Youzhi, Languang Keji Road) |
| Relevant regulations | Securities Law |
| Document batch number | China Securities Regulatory Commission [2008] No. 50 |
| Reason for approval | Failing to disclose the accounts and guarantees of major shareholders and related parties as required. |
| Approval content | 1、 Give a warning to Lan Guang Technology and impose a fine of 300000 yuan; 2、 Lu Youzhi, Wang Xingzhi, Zhou Yaoliang, Li Wei and Zhu Hui were warned and fined 300000 yuan respectively; 3、 Li Jichao, Li Yinong, Peng Xiangyang and Zheng Weijia were warned and fined 200000 yuan respectively; 4、 Pei Fuyuan and Cao Fengguo were given warnings and fined 100000 yuan respectively; 5、 Lv Yong was given a warning and fined 50000 yuan; 6、 Li Fuxiang, Liu Qin, Lin Jianhua and Tian Min were warned and fined 30000 yuan respectively. |
| Handled by | China Securities Regulatory Commission |
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| Announcement date of rectification notice: November 30, 2007 |
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| title | Rectification Report on Special Corporate Governance Activities of Gansu Languang Technology Co., Ltd |
| Relevant regulations | |
| Document batch number | GZJFZ [2007] No. 36 |
| Reason for approval | Rectification requirement 1: the company should urge relevant departments to solve the non operating occupation problem of major shareholders as soon as possible and complete the share trading reform. Rectification requirement 2: The Company shall further improve and establish sound relevant systems in accordance with the new relevant regulations. Rectification requirement 3: strengthen the training of directors, supervisors and other senior executives of the company, improve the sense of duty performance, and the board of directors of the company should set up a special committee as soon as possible. Rectification requirement 4: improve the quality of information disclosure, establish and improve the information disclosure system, and enhance the timeliness, authenticity and integrity of information disclosure. Rectification requirement 5: establish a special committee of the Board of Directors and an internal audit institution as soon as possible. |
| Approval content | Carrying out special activities to strengthen the governance of listed companies is an important measure to promote the standardized operation of listed companies and improve the quality of listed companies. Through six months of hard work, especially under the care, help and guidance of Gansu Securities Regulatory Bureau, Shenzhen Stock Exchange, shareholders and the public, the company has a correct attitude and strong measures. The special governance activities are carried out smoothly and have received certain results. The company's general meeting of shareholders, the board of directors, the board of supervisors and the management have basically standardized their operations, Various internal control systems have been basically established, and the company's independence and transparency have been significantly improved. The Company will further sincerely accept the criticism and guidance from the superior securities regulatory department, the majority of shareholders and the public, step up its work, constantly create conditions to fully implement the rectification plans proposed in this governance activity, constantly improve the corporate governance structure, improve the corporate governance level, create better business performance, repay the society and investors. |
| Handled by | Gansu Securities Regulatory Bureau |
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| Public condemnation announcement date: September 28, 2006 |
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| title | Gansu Languang Technology Co., Ltd. Apology Announcement |
| Relevant regulations | Securities Law, Company Law, Shenzhen Stock Exchange Stock Listing Rules |
| Document batch number | |
| Reason for approval | Due to the occupation of the Company's funds by the Company's controlling shareholders and their related parties, the Company failed to perform the relevant review procedures and timely perform the obligation of information disclosure, in violation of the provisions of the Shenzhen Stock Exchange Stock Listing Rules, the Shenzhen Stock Exchange has recently given the Company and its directors a punishment of public condemnation. |
| Approval content | |
| Handled by | Shenzhen Stock Exchange |
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| Public reprimand announcement date: September 1, 2006 |
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| title | Announcement of Shenzhen Stock Exchange on Punishment of Gansu Languang Technology Co., Ltd. and Related Parties |
| Relevant regulations | Securities Law, Company Law, Listing Rules |
| Document batch number | |
| Reason for approval | 1. The Company failed to perform corresponding decision-making procedures and disclose the following related transactions in a timely manner. 2. The 39.55 million state-owned corporate shares held by Shenzhen Languang Economic Development Co., Ltd., the major shareholder of the company, were frozen by the Export Import Bank of China. The freezing period was from December 8, 2005 to December 8, 2006. The company failed to perform its obligation of information disclosure in time and was given a punishment of public condemnation. |
| Approval content | |
| Handled by | Shenzhen Stock Exchange |
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| Announcement date of investigation: July 25, 2006 |
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| title | Announcement of Gansu Languang Technology Co., Ltd. being investigated |
| Relevant regulations | |
| Document batch number | GZJLTZ No. 6 |
| Reason for approval | Due to the suspected violation of securities laws and regulations. |
| Approval content | |
| Handled by | Gansu Securities Regulatory Bureau |
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