The actual controller of Chunxing Seiko was sentenced to 3 years in prison and suspended for 4 years

Mondo Social Updated on 2024-01-29

Zhongxin Jingwei, December 15 -- Another incident occurred to the actual controller of a listed company.

Chunxing Seiko announced on the evening of the 15th that it received a notice from Sun Jiexiao, the controlling shareholder and actual controller of the company, that it received the "Criminal Verdict" issued by the Suzhou Intermediate People's Court on December 15, 2023.

According to the "Criminal Verdict" issued by the Suzhou Intermediate People's Court, the verdict is as follows: Sun Jiexiao committed the crime of insider trading and was sentenced to three years in prison, suspended for four years, and fined RMB 400,000.

Chunxing Seiko said that Sun Jiexiao, the actual controller of the company, has ceased to serve as a director, supervisor and senior management of the company since July 2018, and the above judgment is a personal matter of Sun Jiexiao, which will not affect the exercise of Sun Jiexiao's shareholder rights and the normal business operation of the company, and will not affect the control of the company. At present, the company's production and operation activities are normal and the management team is stable.

The retrospective announcement shows that previously, Sun Jiexiao had been punished by the China Securities Regulatory Commission for insider trading.

According to the announcement disclosed by Chunxing Seiko on March 20, 2019, on August 17, 2018, the company issued the "Announcement and Supplementary Announcement on the Company's Controlling Shareholder and Actual Controller Receiving the Advance Notice of Administrative Punishment and Market Ban from the China Securities Regulatory Commission". According to the content of the China Securities Regulatory Commission's "Administrative Penalty Decision" (2019 No. 19) and "Market Ban Decision" (2019 No. 4) documents, the China Securities Regulatory Commission made the following penalty decisions on Sun Jiexiao:

1. In accordance with the provisions of Article 202 of the ** Law, it was decided to order Sun Jiexiao, Zheng Haiyan and others to deal with the illegally possessed ** in accordance with the law, and impose a fine of 250,000 yuan on Sun Jiexiao and Zheng Haiyan respectively.

2. In accordance with Article 233 of the ** Law and Article 3 (1) and Article 5 of the ** Market Prohibition Provisions (Decree No. 115 of the CSRC), it was decided that Sun Jiexiao should be banned from entering the market for ten yearsZheng Haiyan was banned from entering the market for five years.

According to the above-mentioned "prior notice of administrative punishment and market prohibition", on February 25, 2017, Chunxing Seiko announced that the company intends to plan a major acquisition, involving the acquisition of the equity of calient company in the communications industry, and on March 18, the announcement announced that the proportion of shares to be acquired is 71%, constituting a major asset restructuring.

Sun Jiexiao, who was the actual controller of the company and the chairman at the time, and Zheng Haiyan, the director at the time, controlled the use of "Jiang Genggen", "Jiang Qiaoyun" and "Tao Zhengqing" accounts to trade "Chunxing Seiko" before the information was made public, with a total of about 35 million yuanAt the same time, through the "Brilliant 1007" and "Brilliant 1006" products of Huabao Trust, the transaction of "Chunxing Seiko" has used a total of 27.5 billion yuan.

Chunxing Seiko announced on the evening of February 10, 2023 that it received a notice from Sun Jiexiao, the controlling shareholder and actual controller of the company, that it received the "Indictment" (Su Jian Criminal Prosecution [2022] Z19) from the Suzhou Municipal People's Procuratorate and the "Summons" ([2022] Su 05 Xingchu No. 99) from the Suzhou Intermediate People's Court on February 10, 2023, and Sun Jiexiao was prosecuted on suspicion of insider trading, and the case will be tried in the Suzhou Intermediate People's Court.

According to Chunxing Seiko's third quarter report in 2023, as of September 30, 2023, Sun Jiexiao held 314,560,000 shares of the company, with a shareholding ratio of 2789%;His wife Yuan Jing holds 31000003 shares of the company, with a shareholding ratio of 275%, and is currently the chairman of the company.

According to the data, Chunxing Seiko is mainly engaged in four major business segments: 1. R&D, production and sales of radio frequency devices and precision light metal structural parts in the field of mobile communications2. R&D, production and sales of glass cover plates and precision light metal structural parts in the field of consumer electronics3. R&D, production and sales of precision aluminum alloy structural parts and sheet metal parts in the field of auto parts;4. Distribution of electronic components. The company's main products and services are precision aluminum alloy structural parts, mobile communication radio frequency devices, wireless terminal business, electronic components distribution business, and glass business.

In the first three quarters of 2023, the company's revenue was 182.6 billion yuan, down 023%;The net profit loss attributable to the parent company was 4007510,000 yuan, a profit of 2443 in the same period last year290,000 yuan.

In the secondary market, Chunxing Seiko closed down 2 on the 15th86% at 546 yuan, the current total market value of the company is 615.9 billion yuan. (Zhongxin Jingwei app).

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