*ST culture in the chaos: self -exposure of water and electricity arrears, arrears of wages, the new director resigned 5 days after taking office

On the evening of August 12,*ST Culture (300089.SZ) issued several announcements to expose the cost of owing power and hydraulic companies, which led the company to stop power and power out of water; the cumulative wages owed to employees for 3 months, resulting in temporary suspension of some workers.

In addition, the company's director Xu Jie, independent director Li Xiang and deputy general manager and director Huang Defeng resigned.

*A total of 5 members of the board of directors of ST Culture. If Xu Jie resigns and takes effect, the number of boards of directors of the company is lower than the minimum legal number, and the board of directors will not be able to perform their duties normally. Huang Defeng, who started to serve as the secretary of the director on August 7, was only 5 days.

Since 2021, due to the internal fighting of the board of directors and the major shareholders,*ST culture has been torn and is now deeply trapped in the quagmire.

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*ST culture internal fighting leads to temporary stop work

Occarial employee salary for 3 months

On the evening of August 12,*ST Culture announced that the company sometimes stopped water and power due to the cost of owed power and hydraulic companies, and at the same time delayed the implementation of the salary solution. Workers' temporary stop work. As of the disclosure of this announcement, the electricity has been sent to the water but has not yet been paid. The temporary suspension incident will cause certain losses to the company's production and operation.

The reason why the company's operation is almost stagnant is that Sun Guangliang, the former chairman and former controller, did not cooperate with the company's transfer work, which caused the current management to work normally and cannot use the company account normally.

In addition, the company's director Xu Jie and independent directors Li Xiangshan applied for resignation for personal reasons. After resignation, they no longer held any position in the company, and neither of them held the company's shares. Among them, Xu Jie had been an acting chairman of the company. On August 9, the*ST culture announced that Xu Jie had resigned as the post of chairman of the agent.

The "Company Law" stipulates that the company has a board of directors with 5 to 19 members; the board of supervisors must not be less than 3. The*ST Cultural Board has a total of 5 seats. If Xu Jie resigns and takes effect, the number of boards will be lower than the minimum legal number.

*ST culture states that according to the "Company Law" regulations, before the re -election of new directors and independent directors, the former directors and independent directors should still perform directors and independent directors in accordance with laws and regulations. At the same time, the company's board of directors will nominate new directors and independent directors as soon as possible to submit to the company's shareholders' meeting election.

The new director resigned after 5 days of office

The former acting of the agent was repeatedly sued by shareholders

Also on August 12, Huang Defeng, deputy general manager of the company and secretary of the board of directors, resigned for personal reasons. Huang Defeng did not hold the company's shares.

However, on August 7, the*ST Cultural Board has just hired Huang Defeng as the deputy general manager and secretary of the board of directors. From performance to resignation, this new director only took 5 days.

In fact, the position of*ST Culture has changed a lot.

On May 7, 2022, the former deputy general manager of*ST culture, secretary of the board of directors, and representative of securities affairs Huang Yizhi resigned for physical reasons.

On June 17, the company disclosed the progress of the lawsuit. The announcement showed that the two small and medium shareholders of*ST culture, Android Yi (Beijing) Technology Co., Ltd. and Jiaxing Zhuozhi Equity Investment Partnership (Limited Partnership) brought Mao Weiping to court. The two companies 'litigation requests are the same. One is to order Mao Weiping to compensate the plaintiff for the plaintiff of 10,000 yuan due to his infringement, and the other is that Mao Weiping bakes litigation costs, preservation fees, and lawyers' fees.

On June 21, the announcement stated that Mao Weiping applied for resignation of the company's directors and acting secretaries for personal reasons.

On August 12,*ST culture disclosed the progress of the lawsuit again, and Android Yi (Beijing) Technology Co., Ltd. had withdrawn. However, as of the day, the*ST culture still had 30 lawsuit arbitration in the trial, and the total amount involved exceeded 1.4 billion yuan, including financial lending disputes with the Industrial Bank (601166.SH) and the Guangzhou Bank Paper Branch.

The actual controller refuses to decentralize

The company is in a long -term fight

*ST culture was established in 1996. At the beginning of the entrepreneurial, it was mainly engaged in various mid -to -high -end creative craftsmanship and research and development, manufacturing and sales of daily ceramics. It was the first creative art ceramic company in China to list on the GEM.

However, in recent years, the company's debt has been involved. In 2021, it was punished by the CSRC for violations of the rules and financial fraud. I met at a time.

Because*ST culture has fallen into a number of debt disputes, external resources need to be injected. In March 2021, Cai Tingxiang entrusted the voting right of*ST culture 29.82%of the shares to Sun Guangliang. After Sun Guangliang joined the company, the number of boards changed from 9 to 5. In April 2021, Sun Guangliang officially became the chairman of*ST Culture.

In August 2021,*ST Culture announced that the company sent a letter to the former chairman Cai Tingxiang and his management team to ask them to cooperate with them to transfer internal information such as the company's illegal company seal and license. Reason for rejection. At the same time, the company sought help and support from the local government, and has also applied to the Fengxi People's Court of Chaozhou to ask the former chairman Cai Tingxiang to return the evidence.

In September 2021,*ST culture was punished by the CSRC for violations of regulations and financial fraud.Among them, Cai Tingxiang's illegal occupation of more than 450 million yuan, and was taken in the 10 -year securities market forbidden measures.Sun Guangliang took office for only one year and was fired in May 2022.

Today, Sun Guangliang has re -played the scene of Cai Tingxiang's unwillingness to show off, and the influence of Cai Tingxiang has not faded, and the chaos of*ST culture continues.In April 2022, the company announced that Cai Tingxiang even held the lawsuit document issued by the court to the company.In the same month, a large number of garbleds appeared in the first quarter report of*ST culture.

↑ Screenshot of Guangdong Cultural Great Wall Group Co., Ltd. (stock abbreviation: ST culture) announcement

Faced with investors' questions, the company did not give a valuable reply.

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Red Star News reporter Yu Yao Tao Yanyang

Editor Deng Yiguang Editor Yang Cheng

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