Due to the violation of related party transactions, Bainsch and related responsible entities received regulatory reminders

On January 20, Capital State learned that The New Third Board enterprise Bainsch (836818.NQ) recently issued an announcement on the receipt of regulatory reminders by companies and related responsible entities.

The basic situation is as follows:

It is reported that in 2021, Bainsch subsidiaries Shenzhen Bainshi Supply Chain Management Co., Ltd., Guangdong Kaige Technology Co., Ltd., Shantou Shell Warehousing Service Co., Ltd. and Shantou Chenghai District Xiao bee Warehousing Co., Ltd. and other related parties (all of which are controlled by Bainsch controlling shareholders and enterprises controlled by actual controllers) had sales and procurement business, and the total amount of related party transactions was 5,342,702.31 yuan, accounting for 7.7% of Bainsch's audited net assets at the end of the previous year.

In response to the above-mentioned related party transactions, the Company failed to fulfill the review procedures and information disclosure obligations in a timely manner, and then held a supplementary review and disclosure by the Board of Directors on January 7, 2022.

Because the above-mentioned acts of the company violated Article 100 of the Rules for the Governance of Companies Listed on the National SME Share Transfer System (hereinafter referred to as the "Corporate Governance Rules") and Article 41 of the Rules for The Information Disclosure of Companies Listed on the National SME Share Transfer System (hereinafter referred to as the "Information Disclosure Rules"), it constituted a violation of related party transactions.

In view of the above-mentioned violations, Chairman Liu Zhenlie and Acting Secretary of the Board of Directors Chen Bo failed to perform their duties diligently and faithfully, violating the provisions of Article 5 of the Corporate Governance Rules and Article 3 of the Information Disclosure Rules, and were responsible for the above-mentioned violations.

In view of the above facts and circumstances, the Second Department of Management of the Listed Company of the National Stock Transfer Company gave regulatory reminders to Guangdong Bainshi Technology Co., Ltd., Chairman Liu Zhenlie, and Acting Secretary of the Board of Directors Chen Bo.

Bainsch said that the regulatory work will not affect the normal operation of the company and is not expected to have a significant adverse impact on the company's business activities. This regulatory exercise is not expected to have a material adverse impact on the Company's finances.

The company and relevant responsible persons have fully realized the importance of corporate governance and information disclosure, and will follow the requirements of business rules such as the "Corporate Governance Rules" and "Information Disclosure Rules" to standardize corporate governance, honesty and trustworthiness, standardize operations, and timely disclosure, so as to prevent similar problems from happening again.

According to public information, Bainsch was listed on the New Third Board on April 19, 2016, and its main business is Internet retail services for maternal and infant and child products.

This article originated from Capital State