For the first time in history!The Beijing Stock Exchange conducts disciplinary sanctions on listed companies!The controlling shareholder and actual controller of the Biological Valley were publicly condemned, and the two guarantees of Huarong Securities were also notified to criticize

On July 12, the Beijing Stock Exchange website announced four disciplinary sanctions, which were dealt with illegal matters such as biological valleys (BJ.833266, 8.32 yuan, market value of 1.065 billion yuan) of funds, and unveiled major matters. This is the first time that the Beijing Stock Exchange website has conducted disciplinary sanctions on listed companies.

The Bei Stock Exchange gave the biological valley controlling shareholder Shenzhen Jinshajiang Investment Co., Ltd. and the company's actual controller, then chairman and general manager Lin Yan, and disciplined disciplinary sanctions publicly. Disciplinary sanctions criticized for criticism; Disciplinary sanctions criticized for sponsor representatives, and Zhang Jian notified criticism, and adopted self -discipline supervision measures with alert letter of Huarong Securities Co., Ltd.

The biological valley has the controlling shareholder occupied, the letter is illegal, and the commitment has not fulfilled the three sins

Specifically, the Beijing Stock Exchange pointed out that after being found out, there are three sins of the creature valley:

The first is fund occupation. From November 2021 to January 2022, the company endorsed the bank acceptance bill to the third -party institution, and the long -term transfer was not returned to the company. 10,000 yuan. From December 2021 to January 2022, the endowned party has recovered the bill back to the company, and the occupation of funds has been returned through the above method.

From August 2021, the company commissioned Yinfengtai Fund Management Co., Ltd. to 265 million yuan in financial funds, and entrusted Guo Shenzhen Financial Leasing (Yunnan) Co., Ltd. to pay 122 million yuan. Jinsha River and its affiliates, the controlling shareholders consider it to eventually be used in Jinshajiang to repay debt and industrial investment. The above behavior constituted funds to occupy, occupying 277 million yuan of funds.

Second, information disclosure is illegal. On November 5, 2021, the company's cumulative entrusting the financial management amount of Yinfengtai Fund Management Co., Ltd. reached 110 million yuan. The company did not perform the information disclosure obligations in a timely manner in accordance with regulations, and subsequent purchase of financial management did not fulfill the information disclosure obligation. The company supplemented in the "2021 Annual Report" and "Board of Directors' Control Party Corporation of Non -operating Fund Occupation Report and Rectification Plan" on April 29, 2022.

The third is to promise not to be fulfilled. In response to the fact that the aforementioned funds occupied, the controlling shareholder Jinshajiang and the actual controller Lin Yanhe promised: Jinshajiang returned all the funds and capital income before June 30, 2022. The company's actual controller Lin Yan and the commitment provided joint liability guarantees. As of June 30, 2022, Jinshajiang only returned 10 million yuan in the company, and the above commitments were not fulfilled.

The Bei Stock Exchange pointed out that, in view of the above -mentioned illegal facts and circumstances, according to the "Beijing Stock Exchange's Self -Discipline Supervision Measures and Disciplinary Implementation Rules", the Institute made the following disciplinary decision:

Give the controlling shareholder Shenzhen Jinshajiang Investment Co., Ltd., the actual controller, the then chairman and general manager Lin Yan, and the discipline of disciplined and publicly condemned; Posted. For the above -mentioned disciplinary sanctions, the China Securities Regulatory Commission and the People's Government of Yunnan will be notified, and the integrity files of the securities and futures market will be recorded.

Two Bao Dai noticed that the company's large financial management issued unreal and inaccurate verification reports

The Biological Valley is the first listed company for disciplinary punishment for the Bei Stock Exchange. Its listed counseling broker during the selection of the New Third Board is Huarong Securities. It is worth mentioning that the sponsor Huarong Securities and the two Bao Dai Liang Qunqun and Zhang Jian were also punished for biological valleys.

Liang Liqun and Zhang Jianwei continued to supervise the sponsor representatives. The North Stock Exchange pointed out that the two have the following violations:

First, the company did not effectively urge the company to establish a sound and effectively implement information disclosure system and fulfill the obligation of information disclosure. The sponsor's representative failed to supervise the company to establish a sound and effectively implement information disclosure system, and in January 2022, it was found that the violations (large commissioned financial management were not disclosed) did not effectively urge the company to supplement the performance of information disclosure.

The second is that it has not reported major issues to the North Stock Exchange in time and issued a risk prompt announcement. In January 2022, during the inspection of the inspection, the sponsors paid attention to the company's purchase of wealth management products many times since August 2021. It questioned whether wealth management products belonged to low -risk wealth management products and asked the company to provide relevant detailed information about wealth management products. Cooperate with timely; from January to March 2022, the company still has a new increase in financial management situation. Substituted institutions will send supervision letters to the company on March 24, 2022, but the sponsor representative is discovered that the financial management matters are suspected and the company has not been long for a long time. In the case of providing the corresponding materials, the major risks were not judged carefully, and the risk prompt announcement was not disclosed in time or reported to the North Stock Exchange.

The third is to issue inspection reports that are not true and inaccurate. In January 2022, Huarong Securities Inspection found that the company's 2021 large -scale financial management matters were suspicious and not disclosed. The above -mentioned related matters failed to truly reflect the problems existing in the aspects of information disclosure and capital occupation. The verification reports and opinions issued were unrealistic and inaccurate.

As a result, the Bei Stock Exchange gave Liang Liqun and Zhang Jian notified the discipline sanctions, and pointed out that employees of securities service institutions such as sponsor representatives should be regarded as a precept. In the work of sponsor supervision, in strict accordance with laws, regulations and "laws and regulations," "Listing Rules" and other regulations, consciously maintain the order of the securities market, carefully fulfill the faithful and diligence obligations, and verify and verify the authenticity, accuracy, and integrity of the documents based on the professional opinions issued. False records, misleading statements or major omissions. In addition, Huarong Securities has also been given self -discipline supervision measures to issue alert letter by the Beijing Stock Exchange. On the evening of May 24th, according to the announcement of the Biological Valley, due to the illegal information disclosure of information, the company's controlling shareholder Shenzhen Jinshajiang Investment Co., Ltd., actual controller Lin Yan and received a notice from the CSRC. The first order of the exchanges was investigated by the CSRC.

It is worth mentioning that on March 29, the CSRC website announced the decision to issue supervision and conversation measures on the business executive of Huarong Securities Investment Bank's business in charge of business. According to the decision, after investigation, Huarong Securities Co., Ltd.'s investment banking business exists in incomplete business systems, insufficient revenue coverage, insufficient full -time compliance personnel, lack of independence of some projects, and lack of practice quality.

Daily Economic News

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