Shandong Ruyi Woolen Garment Group Co., Ltd. *** Ruyi Group, 002193) issued an announcement on December 5, 2023 on the receipt of the "Prior Notice of Administrative Punishment and Market Prohibition" by the company and related parties. The investigation of the case of the company and its actual controller Qiu Yafu suspected of violating laws and regulations in information disclosure has been completed, and the company and related personnel are now proposed to be subject to administrative penalties and market ban measures.
It has been found that Ruyi Technology and Ruyi Fashion are related persons of Ruyi Group (002193);From January to June 2019, Ruyi Technology's occupation of non-operating funds of Ruyi Group constituted a connected transactionFrom October to November 2019, Ruyi Group paid a total of RMB1,098.55 million to the Ruyi Fashion account designated by Ruyi Technology for the acquisition of VCREDIT** RMB865 million in partnership shares, which constituted a connected transaction. Ruyi Group (002193) should have disclosed the above-mentioned related party transactions in a timely manner, but failed to disclose them in a timely manner. Accordingly, the China Securities Regulatory Commission intends to give a warning and fine to Ruyi Group, and also to other relevant personnel.
According to the ** Law and the latest judicial interpretation of misrepresentation, it is preliminarily determined that the conditions for the claim of Ruyi Group (002193) are: the injured investors of Ruyi Group (002193) between August 16, 2019 and August 31, 2023, and sold or continued to hold Ruyi Group (002193) after August 31, 2023 (the final result is subject to the court judgment).