| Announcement date of punishment decision: January 15, 2024 |
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| title | Decision on Administrative Punishment of CSRC (Zhang Shunping) |
| Relevant regulations | Securities Law |
| Document batch number | China Securities Regulatory Commission [2004] No. 6 |
| Reason for approval | （1） Manipulation of "Vignes" 1. Operation from July 25 to August 14, 2017 During the period from July 25 to August 14, 2017, Zhang Shunping controlled the use of "account group 1" to influence the trading price and volume of "Vignes" and manipulate the market by means of continuous buying and selling with concentrated capital advantages, false declaration and other means. During the period, 3366130 shares were purchased accumulatively, and the accumulative purchase amount was 81148242.15 yuan; Totally 3366130 shares have been sold, with a total amount of 81254769.32 yuan. "Account Group 1" held 0 shares of "Vignes" at the beginning of the period and 0 shares at the end of the period. (1) Centralized capital advantage continuous trading From July 25 to August 14, 2017, "Vignes" had 15 trading days in total, and "Account Group 1" had 15 trading days in total, accounting for 100% of the total trading days of the stock during the period. "Account Group 1" has 10 trading days ranking first in terms of purchase volume and 10 trading days ranking first in terms of purchase volume, both accounting for 66.67% of the total trading days of the stock during the period. The daily average value of "account group 1" purchase volume accounted for 18.33% of the market volume on that day, and there were seven trading days when it exceeded 20%. The highest proportion was 48.68% on August 7, 2017. "Account Group 1" has 6 trading days ranking first in terms of sales volume and 5 trading days ranking first in terms of sales volume, respectively accounting for 40% and 33.33% of the total trading days of the stock during the period. The daily average value of the sales volume of "Account Group 1" accounted for 13.27% of the market volume on that day, and there were three trading days when it exceeded 20%. The highest proportion was 71.28% on August 8, 2017. During the period from July 25 to August 14, 2017, "account group 1" applied to buy 3460500 shares at a price not lower than the market selling price or market price, accounting for 88.24% of the daily average value of the total amount of the same declaration of the account group in the same period, and the daily maximum ratio was 100%; 3132942 shares of this type of purchase were sold, accounting for 23.47% of the daily average of the market turnover in the same period, with a daily maximum of 42.31%. During the above period, "account group 1" had three trading days in which the stock price rose by more than 2% in the intraday period and the proportion of purchases and transactions in the period was more than 20%. (2) False declaration During the period from July 25 to August 14, 2017, Zhang Shunping controlled the use of "account group 1", did not frequently declare and cancel orders for the purpose of closing, and conducted transactions contrary to the declaration. The daily average value of "account group 1" purchase cancellation volume accounted for 11.82% of the account group's purchase volume, of which, during the period from 13:29:57 to 13:32:19 on August 9, 2017, "account group 1" made 26 purchase applications, with a purchase volume of 253900 shares. The purchase volume of "account group 1" accounted for 78.68% of the market's purchase volume, and the corresponding cancellation volume accounted for 55.03% of the "account group 1" purchase volume. Since the beginning of the purchase application, 838581 shares were sold and sold in reverse, The transaction amount is 20202817.53 yuan. From July 25 to August 14, 2017, the stock price trend of "Vignes" was significantly abnormal compared with the Shanghai Composite Index. The closing price of the stock on the trading day before July 25, 2017 was 23.25 yuan, and the highest closing price during the above period was 24.82 yuan (August 3, 2017), up 6.75% from the beginning of the period, while the Shanghai Composite Index rose 0.69% over the same period, and the stock price deviated from the Shanghai Composite Index by 6.06 percentage points; The closing price at the end of the period (August 14, 2017) was 23.10 yuan, down 0.65% from the beginning of the period. The Shanghai Composite Index fell 0.41% over the same period, and the stock price deviated from the Shanghai Composite Index by 0.24 percentage points. 2. Operation from August 23 to September 14, 2017 During the period from August 23 to September 14, 2017, Zhang Shunping controlled the use of "account group 1" to influence the trading price and volume of "Vignes" and manipulate the market by means of continuous buying and selling of concentrated capital advantage and shareholding advantage. During the period, 14797508 shares were purchased accumulatively, and the accumulative purchase amount was 386760816.44 yuan; 14797508 shares have been sold accumulatively, with a total amount of 388322464.48 yuan. "Account Group 1" held 0 shares of "Vignes" at the beginning of the period and 0 shares at the end of the period. From August 23 to September 14, 2017, there were 17 trading days for "Vignes" and 17 trading days for "Account Group 1", accounting for 100% of the total trading days of the stock during the period. "Account Group 1" ranked first in terms of purchase volume for 14 trading days, and ranked first in terms of purchase volume for 15 trading days, accounting for 82.35% and 88.24% of the total trading days of the stock during the period respectively. The daily average value of "account group 1" purchase volume accounted for 26.85% of the market volume on that day, and there were 12 trading days when it exceeded 20%, with the highest proportion on August 28, 2017, reaching 59.04%. "Account Group 1" held 0 shares at the beginning of the period. Since August 23, 2017, the number of "Vignes" shares held has been increasing. During the above period, there were 3 trading days in which the shareholding accounted for more than 5% of the outstanding share capital. On September 4, 2017, the largest number of shares was 3614480 shares, accounting for 6.50% of the outstanding share capital. "Account Group 1" has 12 trading days ranking first in terms of sales volume and 12 trading days ranking first in terms of sales volume, both accounting for 70.59% of the total trading days of the stock during the period. The daily average value of the sales volume of "Account Group 1" accounted for 22.17% of the market volume on that day, and there were nine trading days when it exceeded 20%. The highest proportion was 51.16% on September 8, 2017. During the period from August 23 to September 14, 2017, "Account Group 1" applied to buy 18656500 shares at a price not lower than the market selling price or market price, accounting for 75.72% of the average of the total amount of "Account Group 1" declared at the same time in the same period, with a daily maximum ratio of 99.59%; 13589408 shares of this type of purchase were sold, accounting for 28.35% of the market turnover in the same period on a daily basis, with a daily maximum of 59.02%. "Account Group 1" has a total of 8 trading days in which the stock price has risen by more than 2% in the intraday period and the proportion of purchases and transactions in the period is more than 20%. From August 23 to September 14, 2017, the stock price trend of "Vignes" was significantly abnormal compared with the Shanghai Composite Index. The closing price of the stock on the trading day before August 23, 2017 was 23.85 yuan, and the highest closing price during the above period was 26.87 yuan (September 1, 2017), up 12.66% from the beginning of the period, while the Shanghai Composite Index rose 2.34% over the same period, and the stock price deviated from the Shanghai Composite Index by 10.32 percentage points; The closing price at the end of the period (September 14, 2017) was 25.62 yuan, up 7.42% from the beginning of the period. The Shanghai Composite Index rose 2.47% over the same period, and the stock price deviated 4.95 percentage points from the Shanghai Composite Index. According to statistics, Zhang Shunping made a profit of 900505.92 yuan by trading "Vignes" in "Account Group 1". |
| Approval content | According to the fact, nature, circumstances and degree of social harm of the illegal act of the party concerned, and in accordance with the provisions of Article 203 of the Securities Law of 2005, we have decided to order Zhang Shunping to dispose of the securities illegally held by him according to law, confiscate the illegal income of 20850067.90 yuan, and impose a fine of 62550203.70 yuan. |
| Handled by | China Securities Regulatory Commission |
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| Announcement date of punishment decision: December 28, 2022 |
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| title | Administrative Punishment Decision (Xu Yuanhang) |
| Relevant regulations | Fund Law |
| Document batch number | |
| Reason for approval | 1、 Xu Yuanhang is a practitioner of public fund managers Shen Wanlingxin Fund Management Co., Ltd. (hereinafter referred to as "Shen Wanlingxin") is the manager of public funds. Xu Yuanhang has served as the fund manager of Shenwanlingxin Smart Drive Fund since July 13, 2020, and is a fund practitioner of Shenwanlingxin Company. 2、 Xu Yuanhang obtained relevant unpublished information about Shenwanlingxin Smart Drive Fund for his position convenience As the fund manager of Shenwanlingxin Smart Drive Fund, Xu Yuanhang is responsible for the specific investment and operation of the fund, and will complete the work procedure of incorporating "Jinhong Group" into the stock pool on April 12, 2021. He began to apply for trading "Jinhong Group" on April 13, and immediately issued a buying order after obtaining the permission of trading "Jinhong Group" on April 15. Since then, on April 16 and 19, the fund continued to buy "Jinhong Group" until April 19, when "Jinhong Group" accounted for 6% of the net fund value. To sum up, Xu Yuanhang has learned that the fund plans to trade "Jinhong Group", the time point of trading "Jinhong Group", the proportion of "Jinhong Group" in the fund and other undisclosed information. 3、 Xu Yuanhang made use of the unpublished information obtained to express and imply others to engage in relevant trading activities From April 15 to 30, 2021, Xu Yuanhang used the opportunity of joint roadshows, research and other activities with Jin Mou 1 to recommend "Jinhong Group" to Jin Mou 1, and pass on undisclosed information such as the proportion of "Jinhong Group" in the fund. Jin Mou 1 used the above information to guide Jin Mou 2 to buy "Jinhong Group" through the "Jin Mou 2" account on April 15, 2021, and continued to entrust the purchase from April 21 to 30, with a total transaction amount of 4110600 yuan. |
| Approval content | Xu Yuanhang was ordered to make corrections and fined 500000 yuan. |
| Handled by | Hebei Securities Regulatory Bureau |
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| Event announcement (non punishment result) Date of announcement: December 14, 2021 |
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| title | Jinhong Group: Announcement of Jinhong Fashion Group Co., Ltd. on Short term Transactions of Directors' Relatives and Apology |
| Relevant regulations | Securities Law |
| Document batch number | |
| Reason for approval | Jinhong Fashion Group Co., Ltd. (hereinafter referred to as "the Company") recently learned that Mr. Wang Jianqiang, the son of Mr. Wang Baolin, the director of the Company, had short-term trading of the Company's shares. |
| Approval content | The Board of Directors of the Company will further strengthen training and publicity, and require directors, supervisors, senior managers and shareholders holding more than 5% of the company's shares to study the Securities Law, the Guidelines for the Standardized Operation of Listed Companies on the Shanghai Stock Exchange, and the Several Provisions on the Reduction of Shares Held by Shareholders, Directors, Supervisors and Senior Management of Listed Companies Relevant laws and regulations, normative documents, such as the Rules for the Management of the Shares of the Company Held by Directors, Supervisors and Senior Executives of Listed Companies and Changes in Their Shares, and other relevant laws and regulations, normative documents, strictly abide by relevant regulations and prudently operate. The company will continue to urge relevant personnel to strictly regulate the behavior of buying and selling company shares, and prevent such incidents from happening again. |
| Handled by | board of directors |
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| Regulatory attention announcement date: May 31, 2021 |
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| title | Jinhong Group: Reply to the Supervision Work Letter on Information Disclosure Matters of Jinhong Fashion Group Co., Ltd |
| Relevant regulations | |
| Document batch number | SZGH [2021] No. 0451 |
| Reason for approval | On May 19, 2021, Jinhong Fashion Group Co., Ltd. (hereinafter referred to as "the Company") received the Work Letter on the Supervision of Information Disclosure Matters of Jinhong Fashion Group Co., Ltd. (SZGH [2021] No. 0451) from the First Supervision Department of Shanghai Stock Exchange for Listed Companies |
| Approval content | The Company attaches great importance to it, and has organized relevant personnel to carefully check the issues mentioned in the Work Letter item by item. Now, the Company has replied to and announced the issues related to the Work Letter. |
| Handled by | Shanghai Stock Exchange Listed Company Supervision Department No.1 |
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| Warning notice date: 2021-02-08 |
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| title | Jinhong Group: Announcement on the Company and relevant responsible person receiving the warning letter from Jiangsu Securities Regulatory Bureau |
| Relevant regulations | Administrative Measures for Securities Issuance of Listed Companies, Administrative Measures for Information Disclosure of Listed Companies |
| Document batch number | Jiangsu Securities Regulatory Bureau [2021] No.13 and No.14 |
| Reason for approval | From November 2016 to March 2018, your company's legal representative, chairman and general manager Wang Zhiqin, director and deputy general manager Song Yanjun, together with Yicun Capital Co., Ltd., Kunshan Weicun Investment Joint Venture (limited partnership), Gongqing Chengpuhai Investment Management Partnership (limited partnership), Shuo Mingde Investment Co., Ltd., Shanghai Aiwu Enterprise Management Co., Ltd Six investors including Jinxiu Zhonghe (Beijing) Capital Management Co., Ltd. signed an income guarantee agreement on the non-public offering of shares, agreeing to guarantee the income of the company's shares subscribed by them. This agreement has a significant impact on investors' investment decisions, and is an important part of the non-public offering, which should be disclosed. Your company failed to disclose the agreement in a timely manner as required, and violated the provisions of Paragraph 2 of Article 52 of the Administrative Measures for Securities Issuance of Listed Companies and Article 2 of the Administrative Measures for Information Disclosure of Listed Companies. |
| Approval content | Our bureau has decided to take administrative supervision measures to issue a warning letter to Jinhong Fashion Group Co., Ltd. and record it in the integrity file of the securities and futures market. Our bureau decided to take administrative supervision measures to issue warning letters to Wang Zhiqin and Song Yanjun, and record them in the integrity file of the securities and futures market. |
| Handled by | Jiangsu Securities Regulatory Bureau |
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| Date of notice of criticism: December 25, 2020 |
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| title | Jinhong Group: Decision on Notification of Criticism to Wang Zhiqin and Song Yanjun, the Controlling Shareholders of Jinhong Fashion Group Co., Ltd |
| Relevant regulations | Listing Rules of Shanghai Stock Exchange |
| Document batch number | Decision on Disciplinary Action [2020] No. 122 |
| Reason for approval | It was found that in March 2018, Jinhong Fashion Group Co., Ltd. (hereinafter referred to as the Company) privately issued 28262429 new shares at a price of 18.46 yuan per share, raising funds of 522 million yuan. During the implementation of non-public offering of shares, the controlling shareholders of the Company, Wang Zhiqin and Song Yanjun, in their personal names, and the subscribers of non-public offering of shares of the Company, Kunshan Weicun Investment Partnership (Limited Partnership) (hereinafter referred to as Kunshan Weicun), Yicun Capital Co., Ltd. (hereinafter referred to as Yicun Capital), Gongqing Chengpuhai Investment Management Partnership (Limited Partnership) (hereinafter referred to as Piao Hai Investment), Shuo Mingde Investment Co., Ltd. (hereinafter referred to as Shuo Mingde Investment), Shanghai Aiwu Enterprise Management Co., Ltd. (hereinafter referred to as Aiwu Company), and Jinxiu Zhonghe (Beijing) Capital Management Co., Ltd. (hereinafter referred to as Jinxiu Company) signed a revenue protection agreement. On August 19, 2020, the company disclosed that due to the contract dispute related to the income guarantee agreement, 67.6594 million shares and 52.8259 million shares held by Wang Zhiqin and Song Yanjun were frozen by Yicun Capital and Kunshan Weicun, respectively accounting for 26.81% and 20.93% of the company's total share capital, accounting for 100% of their shareholding. It is an important part of the Company's non-public offering that the controlling shareholder signs the above agreement with the subscriber of the Company's non-public offering shares to provide the subscriber with the minimum income guarantee, and the shares held by the controlling shareholder are frozen due to the dispute over the above agreement and contract, which may affect the stability of the Company's equity structure. The controlling shareholder shall timely inform the company of the signing of the above agreement and disclose it in a timely manner, but the company will not disclose it until the contract dispute causes the freezing of the controlling shareholder's shares. According to the reply announcement to the inquiry letter disclosed by the company on August 26, 2020, the agreement was kept by the controlling shareholders themselves after signing, and the company was not informed about the signing of the income protection agreement. The company also did not receive the relevant agreement, and the content of the agreement was not disclosed in the documents related to the non-public offering of shares. |
| Approval content | Wang Zhiqin and Song Yanjun, the controlling shareholders of Jinhong Fashion Group Co., Ltd., were criticized in a circular. |
| Handled by | Shanghai Stock Exchange |
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| Date of inquiry announcement: August 18, 2020 |
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| title | Inquiries on Jinhong Fashion Group Co., Ltd |
| Relevant regulations | Stock Listing Rules |
| Document batch number | SZGH [2020] No. 2457 |
| Reason for approval | The Company received the inquiry letter issued by the First Supervision Department of Listed Companies of Shanghai Stock Exchange |
| Approval content | Your company is requested to disclose this inquiry letter on August 19, 2020, and reply to our department in writing before August 26, 2020, and perform the corresponding information disclosure obligations as required. |
| Handled by | Shanghai Stock Exchange Listed Company Supervision Department No.1 |
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| Date of inquiry announcement: September 11, 2019 |
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| title | Announcement of Jinhong Group on Receiving the Post audit Inquiry Letter from Shanghai Stock Exchange on the Company's 2019 Semi annual Report |
| Relevant regulations | |
| Document batch number | SZGH [2019] No. 2723 |
| Reason for approval | On September 10, 2019, Jinhong Fashion Group Co., Ltd. (hereinafter referred to as the "Company") received the Inquiry Letter on Post audit of the Semi annual Report of Jinhong Fashion Group Co., Ltd. in 2019 (SZGH [2019] No. 2723) from Shanghai Stock Exchange (hereinafter referred to as the "Shanghai Stock Exchange"). |
| Approval content | Your company is requested to disclose this letter of inquiry on September 11, 2019, and disclose the reply to this letter of inquiry before September 19, 2019, and make corresponding amendments and disclosures to the periodic report as required. |
| Handled by | Shanghai Stock Exchange |
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| Announcement date of punishment decision: August 20, 2018 |
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| title | Decision on Administrative Punishment of CSRC (Hu Zhongquan) |
| Relevant regulations | Securities Law of the People's Republic of China |
| Document batch number | CSRC [2018] No. 85 |
| Reason for approval | Upon investigation, the following illegal facts exist in the party concerned: 1、 Formation and disclosure process of inside information In the first ten days of April 2016, Ishina World (hereinafter referred to as Ishina World) proposed to sell the Teenie Weenie brand held by Ishina Fashion Hong Kong Co., Ltd. (Ishina Hong Kong) and its related parties, as well as its related assets and businesses, to find potential investors, including Vignes. On May 7, 2016, members of Vignes' management team held a meeting to discuss the acquisition of assets and business of the Teenie Weenie brand in mainland China. At the meeting, they agreed to participate in the bidding of the project. On June 3, 2016, Vignes sent out the first round of bidding documents. On June 7, Vignes learned that it had entered the second round of bidding, and Vignes contacted China Merchants Bank to assist with the financing plan with a scale of billions. On July 4, 2016, the Investment Banking Department of China Merchants Bank Head Office, China Merchants Bank Nanjing Jiangning Sub branch and Vignes held a seminar on financing plans. On July 29, 2016, Yinian World informed Vignes that the bid was successful. On the same day, China Merchants Bank Nanjing Branch held a credit approval meeting for Vignes, and Hu Zhongquan attended the meeting and expressed his opinions. On August 25, 2016, the loan review meeting of China Merchants Bank Head Office approved the financing plan of Vignes; On August 29, 2016, Vignes learned that the head office of China Merchants Bank had approved the financing plan of Vignes. On September 3, 2016, Vignes announced the acquisition. Before the public disclosure of the acquisition, it belongs to the insider information specified in the Securities Law. Insider information shall be formed no later than May 7, 2016 and disclosed on September 3, 2016. 2、 Hu Zhongquan Insider Trading "Wigness" （1） Hu Zhongquan is an insider of securities trading Hu Zhongquan has served as the Deputy General Manager of the Credit Approval Department of China Merchants Bank Nanjing Branch since September 2015. He attended the credit approval meeting for Vignes on July 29 and August 2, 2016 respectively, and expressed his opinions. He is an insider of securities trading and learned the insider information no later than July 29, 2016. （2） Trading of "Vignes" in "Hu Zhongquan" and "Hu Moukai" securities accounts The securities account of "Hu Zhongquan" was opened in Guosen Securities Nanjing Hongwu Road Business Department on October 13, 2010, and 7400 shares of "Vignes" were purchased on August 18, 2016, with a transaction amount of 230140 yuan; On August 25, 6400 shares of "Vignes" were purchased, with a turnover of 196306 yuan. As of August 24, 2017, all of them had been sold, and the actual profit was 66678.77 yuan. The "Hu Moukai" securities account was opened in Huatai Securities Nanjing Changjiang Road Securities Business Department on March 7, 2007. The "Hu Moukai" ordinary securities account bought 37500 shares of "Vignas" from August 5 to August 18, 2016, with a transaction amount of 1145227 yuan. On August 12, 17000 shares of "Vignas" were sold, with a transaction amount of 512722 yuan. The remaining 20500 shares were transferred to "Hu Moukai" as collateral Credit securities account. On August 18, 2016, the credit securities account of "Hu Moukai" bought 64904 shares of "Vignes" (excluding 20500 shares transferred into the ordinary account), with a transaction amount of 2020699 yuan; On December 22, 10000 shares of "Vignes" were sold, with a turnover of 351301 yuan. On January 5, 2017, 5800 shares of "Vignes" were sold, with a turnover of 189606 yuan. As of August 24, they had all been sold, and the actual profit was 16301.38 yuan. To sum up, the actual profit of "Hu Zhongquan" and "Hu Moukai" securities accounts was 82980.15 yuan. （3） Actual control and operation of "Hu Zhongquan" and "Hu Moukai" securities accounts Hu Moukai said that the securities account under his name has been used by Hu Zhongquan since its opening, the trading decision is made by Hu Zhongquan, and the capital belongs to Hu Zhongquan. Hu Zhongquan also said that Hu Moukai's securities account was used, made investment decisions and placed orders. The above securities account is entrusted to place orders through Hu Zhongquan's mobile phone number. （4） Capital source of "Hu Zhongquan" and "Hu Moukai" securities accounts The funds for trading "Vignes" in the securities accounts of "Hu Zhongquan" and "Hu Moukai" mainly come from historical precipitation funds and funds for selling other stocks. The above facts are proved by the hardware information of the trading terminal of the relevant securities account, the information of the securities account, the information of the bank account, the records of the inquiry of the relevant personnel and the description of the situation, the relevant data information of the exchange and other evidence, which is sufficient to identify. We believe that before public disclosure, the proposed cash acquisition of the Teenie Weenie brand and its related assets and businesses by Vignes Hong Kong and its related parties belongs to the "major investment behavior and major purchase decision of the company" specified in Item (2) of Paragraph 2 of Article 67 of the Securities Law, which is the Securities Law Insider information specified in Paragraph 2 (1) of Article 75. Insider information shall be formed no later than May 7, 2016 and disclosed on September 3, 2016. Hu Zhongquan was the Deputy General Manager of the Credit Approval Department of China Merchants Bank Nanjing Branch at that time, participated in the credit approval meeting for Vignes, and was the insider of securities trading information, which was known no later than July 29, 2016. Hu Zhongquan, as an insider, used his and his brother Hu's securities account to trade "Vignes" before the disclosure of the insider information, which violated the provisions of Article 73 and Paragraph 1 of Article 76 of the Securities Law, and constituted an insider trading act as described in Article 202 of the Securities Law. |
| Approval content | According to the facts, nature, circumstances and social harm degree of the illegal act of the party concerned, and in accordance with the provisions of Article 202 of the Securities Law, we will decide: Hu Zhongquan's illegal income of 82980.15 yuan was confiscated and a fine of 248940.45 yuan was imposed. |
| Handled by | China Securities Regulatory Commission |
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| Announcement date of punishment decision: August 20, 2018 |
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| title | Administrative Punishment Decision of the CSRC (Yu Hongrui, Wang Fenglei) |
| Relevant regulations | Securities Law of the People's Republic of China |
| Document batch number | CSRC [2018] No. 86 |
| Reason for approval | It is found that the parties involved have the following illegal facts: 1. The formation and disclosure process of insider information. In early April 2016, Ishina World (hereinafter referred to as Ishina World) planned to sell the TeenieWeenie brand held by Ishina Fashion Hong Kong Co., Ltd. (Ishina Hong Kong) and its related parties, as well as the assets and businesses related to the brand, to find potential investors, This includes Vignes. On May 7, 2016, members of Vignes' management team held a meeting to discuss the acquisition of assets and business of the TeenieWeenie brand in mainland China. At the meeting, they agreed to participate in the bidding of the project. On June 3, 2016, Vignes sent out the first round of bidding documents. On June 7, Vignes learned that it had entered the second round of bidding, and Vignes contacted China Merchants Bank to assist with the financing plan with a scale of billions. On July 4, 2016, the investment banking department of the head office of China Merchants Bank and Nanjing Jiangning Sub branch of China Merchants Bank, Mr. Zhao and Mr. Fan, held a financing plan discussion meeting with Vignes. On July 29, 2016, Yinian World informed Vignes that the bid was successful. On the same day, China Merchants Bank Nanjing Branch held a credit approval meeting for Vignes. On August 25, 2016, the loan review meeting of China Merchants Bank Head Office approved the financing plan of Vignes; On August 29, 2016, Vignes learned that the head office of China Merchants Bank had approved the financing plan of Vignes. On September 3, 2016, Vignes announced the acquisition. Before the public disclosure of the acquisition, it belongs to the insider information specified in the Securities Law. Insider information shall be formed no later than May 7, 2016 and disclosed on September 3, 2016. Insiders of the inside information include Mr. Zhao, Mr. Fan, etc., who learned the inside information no later than July 4, 2016. 2、 Yu Hongrui's insider trading of "Vignas" (I) Yu Hongrui's use of the "Yu Hongrui" securities account to trade "Vignas" The "Yu Hongrui" securities account was opened on October 10, 2014 in the CSC Nanjing Jiangning Golden Foil Road Business Department. The account started buying "Vignas" on August 15, 2016, and by August 26, it had bought 466300 shares in total, The transaction amount was 14481055.56 yuan. They were sold successively on January 10, 2017. As of August 24, the actual profit was -2226749.16 yuan. The first transaction of this account, "Vignes", was entrusted to place orders through Yu Hongrui's mobile phone number, and some orders were entrusted by computer network. （2） The capital of "Yu Hongrui" securities account comes from the capital of "Vignes" in the transaction of "Yu Hongrui" securities account, which comes from the 11171942.02 yuan remitted by Hong Rui and 370000 yuan remitted by his wife; Since then, it has successively purchased "Vignes" by raising 3 million yuan through stock pledge. （3） Yu Hongrui's contact with Zhao and Fan, insiders of inside information Yu Hongrui knows both Zhao and Fan of China Merchants Bank Nanjing Jiangning Sub branch, and keeps in frequent contact due to business relations. According to the communication records of Yu Hongrui and Zhao, the two people had 116 calls from August to December 2016. According to the communication records of Yu Hongrui and Fan Mou, the two talked 20 times from August to November 2016. Yu Hongrui said that after buying "Vignes", he talked about the stock "Vignes" with Zhao and Fan. （4） Analysis of the transaction characteristics of the "Yu Hongrui" securities account The "Yu Hongrui" securities account first traded "Vignes" on August 15, 2016, transferred a large amount of funds, and carried out stock pledge repurchase transactions. The trading behavior was obviously abnormal. Yu Hongrui is in close contact with Zhao and Fan, insiders of insider information, and illegally obtains insider information for insider trading. In addition, Yu Hongrui also suggested Wang Fenglei to trade "Wigness" before the disclosure of inside information, which further confirmed that Yu Hongrui illegally obtained inside information and used it for insider trading. 3、 Wang Fenglei's insider trading "Wigness" (I) Wang Fenglei's control over the use of "Wang Mouhong" and "Chen Mouying" securities accounts to trade "Wigness" The "Wang Mouhong" securities account was opened in Huatai Securities Nanjing Changjiang Road Business Department on March 13, 2001, and the account bought 127983 "Wigness" shares from August 12 to August 24, 2016, The transaction amount was 3889501.48 yuan. After the resumption of trading, all of them were sold, and the actual profit was -1017676.77 yuan. The "Chen Mouying" securities account was opened in the Nanjing Changjiang Road Business Department of Huatai Securities on December 18, 2000. The account started buying "Vignes" on August 15, 2016, and bought 93072 shares on August 23, with a transaction amount of 2858403.52 yuan. After the resumption of trading, all of them were sold, and the actual profit was -759916.71 yuan. The above securities account entrusts to place orders through Wang Mouhong and his spouse's mobile phone number. Wang Fenglei said that the decision to trade "Vignes" was made by Wang Fenglei. Wang Mouhong listened to Wang Fenglei's instructions to operate the trade order, and the profit and loss of the account was borne by Wang Fenglei. The above securities accounts were mainly short-term transactions before January 2016. There were no transaction records from February to July 2016, and there were no bonds and fund balances in the account. （2） The capital of "Wang Mouhong" and "Chen Mouying" securities accounts comes from "Wang Mouhong" and "Chen Mouying" securities accounts trading "Wigness", which mainly comes from the wealth management funds and fund product redemption funds of Wang Mouhong's bank accounts. Wang Fenglei said that he had put more than 4 million yuan in Wang's account and more than 2 million yuan in Chen's account, both of which belonged to Wang Fenglei himself. （3） Wang Fenglei illegally obtained insider information from Yu Hongrui. Wang Fenglei and Yu Hongrui have been friends for many years. They have frequent contacts and close relationships. Yu Hongrui once lent 3 million yuan to Wang Fenglei without interest. According to Wang Fenglei's inquiry record, Yu Hongrui recommended the decision transaction "Vignes" to him. Wang Fenglei illegally obtained insider information from Yu Hongrui and followed Yu Hongrui's advice to buy "Vignes". （4） Analysis on the transaction characteristics of the securities accounts of "Wang Mouhong" and "Chen Mouying" There was no transaction in the accounts of "Wang Mouhong" and "Chen Mouying" from January to July 2016; In the case of no transaction for nearly half a year, when it was opened again, it bought a large amount of "Vignes". Through redemption of funds and wealth management products, it bought large positions and made a decisive decision. Wang Fenglei made use of other people's securities accounts to trade, which was highly hidden and his trading behavior was obviously abnormal. According to his inquiry record, his decision-making transaction "Vignes" was recommended to him by Yu Hongrui, and his transaction behavior was confirmed by his inquiry record. The above facts are proved by the hardware information (IP address, MAC address, order mobile phone number) of the trading terminal of the relevant securities account, securities account information, bank account information, relevant personnel inquiry records, contact records and information descriptions, and relevant data information of the exchange. We believe that the proposed cash acquisition of TeenieWeenie brand and its related assets and businesses by Vignes Hong Kong and its related parties, before public disclosure, belongs to "the company's major investment behavior and major decision to purchase property" as stipulated in Item (2) of Paragraph 2 of Article 67 of the Securities Law, and is the Securities Law Insider information specified in Paragraph 2 (1) of Article 75. Insider information shall be formed no later than May 7, 2016 and disclosed on September 3, 2016. Yu Hongrui illegally obtained insider information from insiders Zhao and Fan at no later than August 11, 2016. Yu Hongrui used his own securities account to trade "Vignes" before the disclosure of inside information; At the same time, it also suggested Wang Fenglei to trade "Vignes" before the disclosure of inside information. The above acts violate the provisions of Article 73 and Paragraph 1 of Article 76 of the Securities Law, and constitute the insider trading and recommending others to buy or sell the securities mentioned in Article 202 of the Securities Law. Wang Fenglei illegally obtained insider information from Yu Hongrui, learned it no later than August 12, 2016, and accepted Yu Hongrui's suggestion to use the "Wang Mouhong" and "Chen Mouying" securities accounts to buy "Vignes" before the disclosure of insider information, which violated the provisions of Article 73 and Paragraph 1 of Article 76 of the Securities Law, constituting the Securities Law Insider trading mentioned in Article 202. |
| Approval content | According to the facts, nature, circumstances and social harm degree of the illegal act of the party concerned, and in accordance with the provisions of Article 202 of the Securities Law, we will decide: 1、 Hong Rui was fined 600000 yuan for insider trading, 600000 yuan for recommending others to buy and sell relevant securities, and 1.2 million yuan in total. 2、 Wang Fenglei was fined 600000 yuan for insider trading. |
| Handled by | China Securities Regulatory Commission |
|
| Announcement date of punishment decision: August 20, 2018 |
|---|
| title | Decision on Administrative Punishment of CSRC (Fan Tongxing) |
| Relevant regulations | Securities Law of the People's Republic of China |
| Document batch number | CSRC [2018] No. 87 |
| Reason for approval | It is found that the parties involved have the following illegal facts: 1. The formation and disclosure process of insider information. In early April 2016, Ishina World (hereinafter referred to as Ishina World) planned to sell the TeenieWeenie brand held by Ishina Fashion Hong Kong Co., Ltd. (Ishina Hong Kong) and its related parties, as well as the assets and businesses related to the brand, to find potential investors, This includes Vignes. On May 7, 2016, members of Vignes' management team held a meeting to discuss the acquisition of assets and business of the TeenieWeenie brand in mainland China. At the meeting, they agreed to participate in the bidding of the project. On June 3, 2016, Vignes sent out the first round of bidding documents. On June 7, Vignes learned that it had entered the second round of bidding, and Vignes contacted China Merchants Bank to assist with the financing plan with a scale of billions. On July 4, 2016, the investment banking department of the head office of China Merchants Bank, and the Jiangning Sub branch of China Merchants Bank in Nanjing, Mr. Fan held a financing plan discussion meeting with Vignes. On July 29, 2016, Yinian World informed Vignes that the bid was successful. On the same day, China Merchants Bank Nanjing Branch held a credit approval meeting for Vignes. On August 25, 2016, the loan review meeting of China Merchants Bank Head Office approved the financing plan of Vignes; On August 29, 2016, Vignes learned that the head office of China Merchants Bank had approved the financing plan of Vignes. On September 3, 2016, Vignes announced the acquisition. Before the public disclosure of the acquisition, it belongs to the insider information specified in the Securities Law. Insider information shall be formed no later than May 7, 2016 and disclosed on September 3, 2016. Fan is an insider who learned the inside information no later than July 4, 2016. 2、 Fan Tongxing's insider trading "Vignes" (I) Fan Tongxing's use of "Fan Tongxing" securities account to trade "Vignes" The "Fan Tongxing" securities account was opened in the CSC Nanjing Jiangning Jinfo Road Business Department on December 18, 2006, and the "Fan Tongxing" credit securities account bought 4650 "Vignes" shares on August 24, 2016, with a transaction amount of 146249 yuan, All of them were sold on December 19, with a transaction amount of 158053.5 yuan and an actual profit of 11549.07 yuan. （2） The capital source of the "Fan Tongxing" securities account is the capital obtained by selling other stocks. （3） Fan Tongxing illegally obtained insider information. Fan Tongxing was Fan's father. Fan participated in the Wegeners financing plan seminar held by the Investment Banking Department of the head office of China Merchants Bank and Nanjing Jiangning Sub branch of China Merchants Bank on July 4, 2016. He was an insider who learned the insider information no later than July 4, 2016. According to the communication records, from August to December 2016, the above two people made 48 calls in total. The above facts are proved by the hardware information of the trading terminal of the relevant securities account, the information of the securities account, the information of the bank account, the inquiry record of the relevant personnel, the communication records of Fan Tongxing and Fan Mou, and the relevant data information of the exchange. We believe that before public disclosure, the proposed cash acquisition of the TeenieWeenie brand and its related assets and businesses by Vignes Hong Kong and its related parties belongs to "the company's major investment behavior and major decision to purchase property" as stipulated in Item (2) of Paragraph 2 of Article 67 of the Securities Law, which is the Securities Law Insider information specified in Paragraph 2 (1) of Article 75. Insider information shall be formed no later than May 7, 2016 and disclosed on September 3, 2016. Fan Tongxing illegally obtained insider information from Fan, an insider, and used his own securities account to trade "Vignes" before the disclosure of insider information, which violated the provisions of Article 73 and Paragraph 1 of Article 76 of the Securities Law, and constituted an insider trading act described in Article 202 of the Securities Law. |
| Approval content | According to the facts, nature, circumstances and social harm degree of the suspected illegal act of the party concerned, and in accordance with the provisions of Article 202 of the Securities Law, we will decide: Fan Tongxing's illegal income of 11549.07 yuan was confiscated and a fine of 34647.21 yuan was imposed. |
| Handled by | China Securities Regulatory Commission |
|
| Event announcement (non punishment result) Date of announcement: May 26, 2018 |
|---|
| title | Vignes' Announcement on Supervisors' Illegal Purchase of the Company's Shares |
| Relevant regulations | Rules on the Management of the Shares of the Company Held by Directors, Supervisors and Senior Managers of Listed Companies and Their Changes |
| Document batch number | |
| Reason for approval | It was found that there was an undeclared securities account under the name of Ms. Zhang Yuying, the supervisor. The securities account was opened by her sister Zhang Yuhua with her ID card in the securities company on June 6, 2000. After the opening, it was actually used by Zhang Yuhua. The income from the account belonged to Zhang Yuhua. Since the account was opened earlier and Zhang Yuying did not actually use it, Zhang Yuying forgot the existence of the securities account when she served as the supervisor of the company in 2015. When Zhang Yuying increased her shareholding in the company's shares in 2015, she opened a new securities account to increase her shareholding. Later, changes in shares in the new account were reported to the company. Zhang Yuhua bought 1200 shares of the company through the centralized bidding trading system on March 5, 2018, with a trading amount of 28440 yuan. Zhang Yuhua did not inform Zhang Yuying about this matter before and after purchasing the company's shares. Zhang Yuying learned about this matter after the company inquired and confirmed with her sister Zhang Yuhua. |
| Approval content | 1. The company has criticized Zhang Yuying in accordance with the Management System for the Registration of Insider Information of Vignes Fashion Co., Ltd. and the re promotion and implementation of relevant systems, and has required him to strictly control all his securities accounts, so as to put an end to such situations in the future. 2. For 1200 shares held in violation of regulations in the securities account under the name of Ms. Zhang Yuying, the supervisor, if there is any reduction in the future, the income from reduction will be forfeited to the company. 3. In view of the fact that Ms. Zhang Yuying, the supervisor, submitted the Notification of Share Reduction Plan to the company on May 18, 2018, and planned to reduce her shareholding of the company's shares by centralized bidding between June 12, 2018 and December 7, 2018, the company has publicly disclosed it on May 22, 2018 (Announcement No. 2018-030). The company has asked Ms. Zhang Yuying to abide by the relevant self-discipline commitment and reduce her shareholding half a year after the date of the latest purchase of the company's shares in her account (March 5, 2018), that is, after September 5, 2018. 4. Ms. Zhang Yuying, the supervisor, has deeply realized the seriousness of this violation and sincerely apologized to the investors for this violation. |
| Handled by | board of directors |
|
| Announcement date of punishment decision: April 20, 2018 |
|---|
| title | Shanghai Pudong New Area Public Security Fire Brigade's "Decision on Administrative Penalty" H.P.G. (Xiao) X.X.J.Z. (2018) No. 9002 against Shanghai Yiolai Outlets in Pudong New Area |
| Relevant regulations | |
| Document batch number | HPG (Xiao) XXZZ [2018] No. 9002 |
| Reason for approval | Occupy the evacuation passage. |
| Approval content | A fine of 15000 yuan will be imposed. |
| Handled by | Shanghai Pudong New Area Public Security Fire Detachment |
|
| Announcement date of punishment decision: January 15, 2018 |
|---|
| title | Shanghai Pudong New Area Public Security Fire Detachment issued the Decision on Administrative Penalty to Shanghai Tianweixiong Zhongfang Jinyi Plaza Store in Pudong New Area H.P.G. (Xiao) X.J.Z. [2018] No. 6010 |
| Relevant regulations | |
| Document batch number | HPG (Xiao) XXZZ [2018] No. 6010 |
| Reason for approval | Carry out fire hazard construction operations in densely populated areas during business hours. |
| Approval content | A fine of 20000 yuan will be imposed. |
| Handled by | Shanghai Pudong New Area Public Security Fire Detachment |
|
| Announcement date of punishment decision: October 24, 2017 |
|---|
| title | Shanghai Yangpu District Public Security Fire Detachment issued the Decision on Administrative Punishment to Tianweiyou, Paris Spring Store, Yangpu District, Shanghai HYGXXJZ [2017] No. 0102 |
| Relevant regulations | |
| Document batch number | HYGXXJZ [2017] No. 0102 |
| Reason for approval | Tianwei's store in Paris Spring, Yangpu District, Shanghai was put into use without fire safety inspection. |
| Approval content | A penalty of 30000 yuan will be imposed for stopping the use. |
| Handled by | Shanghai Yangpu District Public Security Fire Detachment |
|
| Announcement date of punishment decision: July 6, 2017 |
|---|
| title | The Administrative Punishment Decision of Shanghai Municipal Health and Family Planning Commission on the store of Kaiyuan Mediterranean Commercial Plaza, Songjiang District, Shanghai Tianweixiong (Hu No. 2120172030) |
| Relevant regulations | |
| Document batch number | Hu Di 2120172030 |
| Reason for approval | Failing to detect the sanitary condition of the central air-conditioning ventilation system as required, and failing to keep the air supply outlet and surrounding areas clean |
| Approval content | Give a warning and fine RMB 10000. |
| Handled by | Shanghai Municipal Commission of Health and Family Planning |
|
| Announcement date of punishment decision: July 6, 2017 |
|---|
| title | The Administrative Punishment Decision of Shanghai Municipal Health and Family Planning Commission on the store of Kaiyuan Mediterranean Commercial Plaza, Songjiang District, Shanghai Tianweixiong (Hu No. 2120172029) |
| Relevant regulations | |
| Document batch number | Hu Di 2120172029 |
| Reason for approval | Employees who operate without a public place sanitation license, or who do not obtain a valid health certificate, are engaged in direct customer service. |
| Approval content | Those who conduct business without obtaining a sanitation license for public places shall be given a warning and fined 11000 yuan; Shanghai Tianweixiong will be given a warning and fined 1000 yuan for arranging employees without valid health certificate to directly serve customers. |
| Handled by | Shanghai Municipal Commission of Health and Family Planning |
|
| Announcement date of punishment decision: July 5, 2017 |
|---|
| title | Shanghai Minhang Public Security Bureau issued the Administrative Punishment Decision to Tian Weiyou (HG (Min) HXXZZ [2017] No. 2001705180) |
| Relevant regulations | |
| Document batch number | HG (Min) XXZZ [2017] No. 2001705180 |
| Reason for approval | Since March 2017, he has employed Korean PARKCHANGMO (passport number: M103577 * *) without obtaining employment certificate and relevant residence permit |
| Approval content | A fine of 10000 yuan will be imposed. |
| Handled by | Shanghai Public Security Minhang Branch |
|
| Date of inquiry announcement: March 24, 2017 |
|---|
| title | Verganas' Reply to Shanghai Stock Exchange's Letter on Post audit Opinions on the 2016 Annual Report of Verganas Fashion Co., Ltd |
| Relevant regulations | |
| Document batch number | SZGH [2017] No. 0270 |
| Reason for approval | On March 15, 2017, Vignes Fashion Co., Ltd. (hereinafter referred to as the "Company") received the Letter of Opinion on Post audit of Vignes Fashion Co., Ltd.'s 2016 Annual Report (SZGH [2017] No. 0270) (hereinafter referred to as the "Opinion Letter") from Shanghai Stock Exchange (hereinafter referred to as the "Shanghai Stock Exchange"). |
| Approval content | The Company is now responding to relevant matters in accordance with the requirements of the post audit opinion letter. |
| Handled by | Shanghai Stock Exchange |
|
| Date of inquiry announcement: March 16, 2017 |
|---|
| title | Vignes' Announcement on Receiving the Post audit Opinion Letter from Shanghai Stock Exchange on the Company's 2016 Annual Report |
| Relevant regulations | Standards for the Contents and Forms of Information Disclosure by Companies that Offer Securities to the Public No. 2 - Contents and Forms of Annual Reports |
| Document batch number | SZGH [2017] No. 0270 |
| Reason for approval | On March 15, 2017, Vignes Fashion Co., Ltd. (hereinafter referred to as the "Company") received the Letter of Opinion on Post audit of Vignes Fashion Co., Ltd.'s 2016 Annual Report (SZGH [2017] No. 0270) (hereinafter referred to as the "Opinion Letter") from Shanghai Stock Exchange (hereinafter referred to as the "Shanghai Stock Exchange"). |
| Approval content | Your company is requested to disclose the above matters and reply to our department in writing before March 21, 2017. |
| Handled by | Shanghai Stock Exchange |
|
| Date of inquiry announcement: March 5, 2016 |
|---|
| title | Wigness: Reply of CSC Securities Co., Ltd. on Shanghai Stock Exchange's Letter of Inquiry on the Resignation of the Chief Financial Officer of Wigness Fashion Co., Ltd |
| Relevant regulations | |
| Document batch number | SZGH [2016] No. 0183 |
| Reason for approval | Vignes Fashion Co., Ltd. (hereinafter referred to as the "Company") received the Inquiry Letter on the Resignation of the Chief Financial Officer of Vignes Fashion Co., Ltd. (SZGH [2016] No. 0183, hereinafter referred to as the "Inquiry Letter") from Shanghai Stock Exchange on February 25, 2016. The main contents of the Inquiry Letter are: "The company has recently resigned two consecutive chief financial officers. On January 28, 2016, the company released the announcement of the resignation of the secretary of the board of directors and the chief financial officer and the announcement of the resolution of the board of directors, disclosing that Jiang Zhiqi applied to resign as the secretary of the board of directors and the chief financial officer for personal reasons. After his resignation, he no longer held any position in the company. At the same time, the company appointed Wang Li as the chief financial officer of the company. On February 23, 2016, the company announced again that Wang Li applied to resign as CFO due to personal physical reasons, and after her resignation, she no longer held any position in the company. After review, the following issues need to be supplemented and disclosed by the company and replied to our department. 1. The specific reasons for the resignation of the two former chief financial officers; 2. Whether the company has major risks in terms of operation management and internal control, and ask the sponsor to give verification opinions; 3. The scheduled disclosure date of the Company's 2015 annual report is April 28, 2016. Please describe the impact of the resignation of the Chief Financial Officer on the preparation of the Company's annual report and the countermeasures the Company intends to take. " |
| Approval content | According to the requirements of the Letter of Inquiry on the Resignation of the Chief Financial Officer of Vignes Fashion Co., Ltd. (hereinafter referred to as the "Letter of Inquiry") issued by your firm on February 25, 2016, CSC Securities Co., Ltd. (hereinafter referred to as "CSC", "sponsor"), as Vignes Fashion Co., Ltd. (hereinafter referred to as "Vignes", "the company" ）The recommendation institution for initial public offering and listing has carefully checked the questions raised in the inquiry letter in the principle of diligence, responsibility, honesty and trustworthiness, and is now replying. |
| Handled by | Shanghai Stock Exchange |
|
| Date of inquiry announcement: February 27, 2016 |
|---|
| title | Vignes' announcement on receiving the Inquiry Letter from Shanghai Stock Exchange and replying to relevant contents |
| Relevant regulations | |
| Document batch number | SZGH [2016] No. 0183 |
| Reason for approval | Vignes Fashion Co., Ltd. (hereinafter referred to as the "Company") received the Inquiry Letter on the Resignation of the Chief Financial Officer of Vignes Fashion Co., Ltd. (SZGH [2016] No. 0183, hereinafter referred to as the "Inquiry Letter") from Shanghai Stock Exchange on February 25, 2016. The main contents of the Inquiry Letter are: "The company has recently resigned two consecutive chief financial officers. On January 28, 2016, the company released the resignation announcement of the secretary of the board of directors, the chief financial officer and the resolution announcement of the board of directors, disclosing that Jiang Zhiqi applied to resign as the secretary of the board of directors and the chief financial officer for personal reasons. After his resignation, he no longer held any position in the company. At the same time, the company appointed Wang Li as the chief financial officer of the company. On February 23, 2016, the company announced again that Wang Li applied to resign as CFO due to personal physical reasons, and after her resignation, she no longer held any position in the company. After review, the following issues need to be supplemented and disclosed by the company and replied to our department. 1. The specific reasons for the resignation of the two former chief financial officers; 2. Whether the company has major risks in terms of operation management and internal control, and ask the sponsor to give verification opinions; 3. The scheduled disclosure date of the Company's 2015 annual report is April 28, 2016. Please describe the impact of the resignation of the Chief Financial Officer on the preparation of the Company's annual report and the countermeasures the Company intends to take. " |
| Approval content | The Company will reply to and announce the relevant contents of the Inquiry Letter. |
| Handled by | Shanghai Stock Exchange |
|
