Continuously replaced key financial personnel, Jiazhaoye has not disclosed the annual report and was ordered by the Securities Regulatory Bureau to make corrections

On June 29, Capital State learned that the Shenzhen Securities Regulatory Bureau issued a decision on the order of ordering correction measures to the Jiazhaoye Group (Shenzhen) Co., Ltd. yesterday.

The decision shows that Jiazhaoye Group (01638.HK), as a corporate bond issuer, did not disclose the annual report of 2021 in a timely manner in accordance with regulations. The Securities Regulatory Bureau decided to take regulatory measures to order correction. The company should rectify the information disclosure obligations in accordance with the law, and submit a written rectification report within 30 days from the date of receiving the decision.

Picture source: official website of Shenzhen Securities Regulatory Bureau

On March 22 this year, Jiazhaoye announced that it is expected that the group's performance will be published on March 31, 2022 or before. According to the company, it will be announced separately in order to publish the date of publication of investors.

But as of now, three months have passed, the company has not yet published an annual report of 2021.

It should be pointed out that the disclosure of the Jiazhaoye annual report may still take a while. According to the company's recent announcement, the two key positions with key financial reporting have been replaced.

On June 20, Jiazhaoye Group announced that Wu Jianxin had resigned as the company's chief financial officer to put more time on personal affairs; at the same time, Luo Tingting has been appointed as the company's chief financial officer, which will take effect on June 20, 2022.

After the internal chief financial officer was replaced, Jia Zhaoye replaced the audit institution responsible for the annual report.

On June 27, Jiazhaoye Group announced that the company has not been able to reach an agreement with the Tong (Hong Kong) Accounting Firm's restrictions on the timetable for the two parties to complete the review of the 2021 performance.

According to the suggestion of the board of directors, he resigned as the company's nuclear division, which came into effect since June 27, 2022. At the same time, the company's decision appointed Kaiyuanxin German Accounting Firm's limited company as the company's new nuclear number division, in order to fill the temporary vacancies after the resignation, and the term of office until the end of the company's current shareholders' anniversary conference.

In fact, the annual report is delayed, or the company's liquidity crisis is further appeared.

The liquidity problem of Jiazhaoye was originally reflected in November 2021. The products that were guaranteed by Jinheng Fortune and the guarantee of Jiazhaoye Group were overdue. The overdue scale was about 300 million yuan, and the total amount of wealth management products was about 12.7 billion yuan.

On December 20, 2021, Jiazhaoye admitted that the company's non -repayment amount of priority notes was about $ 11.78 billion, mainly including four strokes. The company intends to formulate a comprehensive debt restructuring plan for the priority notes that have not been paid.

Professional analysis can not disclose the annual report or cause the company's trust crisis in the capital market in a timely manner, which may exacerbate the company's financing difficulty and compress its liquidity space.

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