Zhangzidao denies that the scallop seedlings died before they were released

The company denied that the scallop seedlings had died before they were released; local residents believed that the reliability of the announcement was in doubt; and the Dalian Regulatory Bureau of the Securities Regulatory Commission issued a warning letter to Zhangzidao

Beijing News (reporter Peng Bin) Recently, some media reported that due to the tight funds and deteriorating reputation of Zhangzidao Group, the company could not buy good scallop seedlings, the harvest was greatly discounted, and many scallop seedlings died before they were released. Subsequently, the Shenzhen Stock Exchange sent a letter requesting Zhangzidao to explain the relevant situation. At noon on February 26, Zhangzidao announced that there was no relevant situation reported by the media, and the whole process of the company's bottom-sown Ezo scallop seed was controlled to ensure the quality of the bottom-sown seedlings.

For Zhangzidao's response, many local residents of Zhangzidao believe that the credibility is doubtful and hope that the authoritative department will publish the investigation conclusions as soon as possible.

The company said that the whole process of bottom-sown Ezo scallop seed was controlled

Zhangzidao said that from October to December every year, the company carries out the bottom sowing of Ezo scallop tertiary seeds, with nearly 1,000 employees and combination owners participating in it, which the company calls "bottom sowing conference battle". In the specific production process, through the screening of purchased Ezo scallop seed farmers, sampling before harvesting, procurement, transportation, bottom sowing and other links, strictly abide by the company's internal control system, implement process supervision, and ensure the quality of bottom sown seedlings.

Zhangzidao said that according to the "Regulations on the Administration of the Procurement of Tertiary Seed of Ezo Scallops", the impurities such as misshapen seedlings with deformities and lime worms and other attachments do not exceed 10%, exceeding the rejection; impurities such as deformities and lime worms and other attachment seedlings within 10% are not priced. However, these substandard and unvalued seedlings cannot be eliminated one by one during large-scale acquisition, so the acquired bottom-sown seedlings will be mixed with impurities and substandard seedlings. In view of the adherence to quality control standards and the perfect supervision mechanism in the whole process, there is no situation in which "many scallop seedlings are dead before they are released".

Wu Hougang was issued a warning letter

Zhangzidao said that at present, the conclusion that the cause of death of Ezo scallops is a natural disaster has been basically clarified and a consensus has been formed in the industry.

"The company's announcement does not dare to win all the credibility." Several residents of Zhangzidao told reporters that in 2014, scallops disappeared for the first time, and the reason for the failure of Ezo scallops during the harvest period caused by cold water groups was early harvesting and sowing of seedlings, not natural disasters, and more than 2,000 residents reported it at that time.

Some residents said that now the scallop boat out to sea harvest is not as good as before, this time the scallops "disappeared", it is difficult to believe the company's statement, look forward to the authoritative department as soon as possible to publish the conclusions of the investigation.

A person familiar with the matter told the Beijing News reporter that the CSRC attaches great importance to the reason for the "disappearance of scallops" in Zhangzidao, and has sent personnel to Dalian to actively collect clues and is currently stepping up investigation.

The Dalian Regulatory Bureau of the China Securities Regulatory Commission (CSRC) yesterday issued a warning letter to Zhangzidao Group Co., Ltd. and three senior executives, Wu Hougang, Sun Fujun and Gou Rong.

The warning letter to Wu Hougang, chairman and president of Zhangzidao, said that there was an abnormality in the harvesting and sales of bottom-sown Ezo scallops in Zhangzidao, which would have a significant impact on the 2017 annual profit forecast data made in the company's 2017 third quarter report, which may lead to a significant deviation between the actual operating performance and the forecasted performance, and the company did not timely revise the performance forecast or make necessary risk warnings. The above behavior violates the provisions of Article 30 of the Measures for the Administration of Information Disclosure of Listed Companies, and you, as the chairman and president of the company, bear the main responsibility for the above matters. Our bureau has decided to take regulatory measures against you by issuing a warning letter.

■ Focus

33.4 million yuan has been invested in marine monitoring

Zhangzidao revealed that since 2014, the Marine Ranch Research Center has invested a total of 33.4 million yuan in scientific and technological innovation.

The company invested heavily in environmental monitoring, why did it not work? In this regard, Zhangzidao said in the announcement that the construction of marine ranches is a long-term systematic project. At present, the construction mode and standard based on the ecosystem level are still in the exploration stage, and the basic science of the ocean is far behind the agricultural science on land, and it cannot support the success of 100% or a large proportion of the development and operation of marine ranches.

On February 6, 2018, the official website of the Fisheries and Fisheries Administration Bureau of the Ministry of Agriculture published an article entitled "The Death of Scallops on Zhangzidao Highlights the Systemic Risks of Marine Ranch Construction", which pointed out that the abnormal scallop inventory incident on Zhangzidao is not a simple case, reflecting the systemic risk problem of marine ranch construction.

When he denied and the reduction of islet one, he knew that the company would lose a large amount

According to the Beijing News, before the company announced the disappearance of scallops, the hedao No. 1 fund reduction plan purchased by Zhangzidao executives and employees had been implemented. This is suspected of accurately reducing holdings.

In this regard, Zhangzidao announced yesterday that the company has sent a letter to Ji Rongyuantong, the manager of Hedao No. 1 Investment Fund, to inquire, and Jirong Yuantong replied that whether it is required to disclose the "Pre-disclosure Announcement of Major Shareholders' Reduction of Shares" or during the announcement of the reduction period, there is no knowledge that the company's expected net profit in 2017 will have a large loss.

In response to the media report pointed out that "employees guarded themselves and stole themselves, and the company's assets were seriously lost", Zhangzidao responded that since 2014, the company has captured and handed over 288 external pirate vessels to the judicial organs for the protection of products in the sea area, 46 cases of external personnel to steal the company's products handled by the public security organs, and 14 internally handled employees who violated discipline, ensuring the safety of the company's property.