Abstract
• Help you read the article content quicklyShenzhen Stock Exchange issued a warning letter to Rihe Rongmei Co., Ltd., Chairman Guo Jian and Director Yu Qingtao because the source of funds for Yu Qingtao’s subscription of shares was untrue , information disclosure violations. Rongmei's performance declined, with revenue down 19.13% year-on-year and net profit down 49.28% year-on-year.
Abstracts are generated by the platform through intelligent technology
Useful
On September 10, the official website of the Shenzhen Stock Exchange disclosed a regulatory letter regarding Rihe Rongmei Co., Ltd., Guo Jian, and Yu Qingtao.
The supervisory letter shows that according to the China Securities Regulatory Commission’s Jiangsu Securities Regulatory Bureau’s “Decision on Taking Measures to Issue Warning Letters against Rihe Rongmei Co., Ltd., Guo Jian, and Yu Qingtao” ([2024] No. 128) , Yu Qingtao subscribed for 2.8 million shares of the company for 9.324 million yuan in September 2019. The source of funds was a loan from Guo Jian, the actual controller and chairman of the company. The company's disclosure in its prospectus that "the source of funds for shareholder Yu Qingtao's participation in the capital increase is his own and family accumulated funds" is untrue.
Public information shows that Yu Qingtao is the director, deputy general manager, secretary of the board of directors and financial director of Rongmei Co., Ltd., and his term of office is from May 16, 2019 to May 12, 2025.
Rongmei Co., Ltd., as the first person responsible for information disclosure, failed to guarantee the authenticity, accuracy and completeness of the issuance and listing application documents and information disclosure. The above situation violated the "Shenzhen Stock Exchange GEM Stock Issuance and Listing" The provisions of paragraph 1 of Article 15 and paragraph 1 of Article 28 of the "Audit Rules" (hereinafter referred to as the "Audit Rules"). Guo Jian and Yu Qingtao, as direct parties to the relevant loan matters and also directors and senior executives of the company, failed to perform their duties diligently and violated the provisions of Article 29 of the "Audit Rules". Bear primary responsibility.
In view of the above facts and circumstances, in accordance with Articles 72 and 74 of the "Audit Rules", the Listing Review Center of the Shenzhen Stock Exchange decided to take self-regulatory measures of written warnings.
It is worth mentioning that the listed company Rongmei Co., Ltd. that was warned this time is called "the first Tao Hanfu stock". The company landed on the A-share market on October 28, 2021. Beginning in 2023, Rongmei's performance began to decline, with operating income falling by 19.13% year-on-year, and net profit attributable to the parent company falling by 49.28% year-on-year.
This article comes from: Financial Industry
Author: AI Jun
