Zhongxin Jingwei, March 1, Hengshun Vinegar Industry announced on March 1 that the company and relevant responsible personnel received a warning letter from the Jiangsu Securities Regulatory Bureau.
Jiangsu Securities Regulatory Bureau pointed out that after investigation, Hengshun vinegar industry has the following violations:
First, from January to November 2023, the amount of related party transactions that have occurred between the company and Zhenjiang Hengshun Rice Industry Co., Ltd. exceeds the estimated amount deliberated and approved by the company's 2022 annual general meeting of shareholders, and the excess amount accounts for 5% of the company's latest audited net assets61%。It was not until December 14 and December 29 that the company held a board of directors and a general meeting of shareholders to supplement the review and disclosure of relevant related party transactions.
Second, on December 14, 2023, the company issued the "Announcement on Increasing the Expected Daily Connected Transactions in 2023", in which the amount of related party transactions that the company has occurred from January to November 2023 is incorrect, and the company corrected it on December 19.
The Company failed to review and disclose related party transactions in a timely manner as required, and inaccurate disclosure of relevant information, which violated the provisions of Article 3, Paragraph 1, Article 22, Paragraph 1 and Paragraph 2, Paragraph 1 and Article 41 of the Administrative Measures for Information Disclosure of Listed Companies (Decree No. 182 of the CSRC, hereinafter referred to as the "Information Disclosure Measures"). Liu Xin, the company's chief financial officer, and Wei **, secretary of the board of directors, failed to be diligent and conscientious, violating the provisions of Article 4 of the "Information Disclosure Measures", and are mainly responsible for the company's above-mentioned violations.
According to the provisions of Article 52 of the "Information Disclosure Measures", the Jiangsu Securities Regulatory Bureau decided to take administrative supervision measures to issue a warning letter to Hengshun Vinegar Industry and the above-mentioned personnel, and recorded it in the market integrity file.
Hengshun vinegar industry said that after the company and relevant personnel received the warning letter, they attached great importance to the problems pointed out, and will rectify them in strict accordance with the requirements, deeply reflect and earnestly learn lessons, strengthen the company and relevant personnel to learn and understand the relevant laws, regulations and rules and correctly apply, continuously improve the ability to perform their duties, improve the company's standardized operation level and information disclosure quality, resolutely prevent similar problems from happening again, effectively safeguard the interests of the company and the majority of investors, and promote the healthy, stable and high-quality development of the company. The receipt of the warning letter will not have a significant impact on the company's production, operation and management activities.
Hengshun Vinegar Industry also disclosed today that General Manager He Chunyang applied for resignation as general manager of the company for personal reasons. After his resignation, He Chunyang no longer held any position in the company. It is worth noting that He Chunyang's resignation was only half a year after he took office. On August 28, 2023, Hengshun Vinegar Industry announced that on August 25, the company deliberated and passed the "Proposal on the Appointment of the General Manager of the Company" and agreed to hire He Chunyang as the general manager of the company.
In terms of performance, Hengshun Vinegar Industry achieved revenue of 16 in the first three quarters of 20233.8 billion yuan, down 26%；Net profit attributable to shareholders of listed companies13.8 billion yuan, a year-on-year decrease of 105%。
In the secondary market, Hengshun vinegar industry closed down 094% to 843 yuan shares, with a total market value of 9.4 billion yuan. (Zhongxin Jingwei app).
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