China Shipbuilding Industry Co., Ltd. (CSIC) 601989) issued an announcement on the receipt of the "Prior Notice of Administrative Penalty" on December 21, 2023. The company's suspected illegal information disclosure case has been investigated by the China Securities Regulatory Bureau. Based on the facts of the parties' violations, the China Securities Regulatory Commission plans to decide to give a warning to China Heavy Industry and a fine of 1.5 million yuan, and give a warning to Wang Liang and Yao Zuhui and fine 600,000 yuan respectively.
It was found that there were false records in the annual reports of China Heavy Industry (601989) from 2018 to 2020. On December 12, 2023, China Heavy Industries (601989) disclosed that it had corrected the accounting errors in the previous period involved in the report. The company said that the violations involved in China Heavy Industry (601989) did not touch the major illegal forced delisting situation stipulated by relevant laws.
According to the ** Law and the latest judicial interpretation of misrepresentation, combined with the content of the announcement issued by China Heavy Industries (601989), it is preliminarily determined that the claim conditions of this case are: investors who lost money by China Heavy Industries (601989) during the period from April 27, 2019 to July 12, 2023 and sold or continued to hold China Heavy Industries (601989) after July 12, 2023 (the final result is determined by the court).