Zhongxin Jingwei, April 24 -- On the 24th, the Shenzhen Stock Exchange issued a regulatory letter to *ST Yuebo, the company's former chairman He Jing and the current chairman Li Xun.
Source: Shenzhen Stock Exchange website
According to the regulatory letter, according to the "Decision of Jiangsu Securities Regulatory Bureau on Ordering Corrective Measures against Nanjing Yuebo Power System Co., Ltd. and Issuing Warning Letters to He Jing and Li Xun" ([2024] No. 76), *ST Yuebo's 2022 Annual General Meeting of Shareholders deliberated and approved the appointment of China Audit Asia Pacific Accounting Firm (Special General Partnership) (hereinafter referred to as China Audit Asia Pacific) as the company's 2023 audit institution, and the above matters belong to the "Administrative Measures for Information Disclosure of Listed Companies" The major events specified in Paragraph 13 of Article 22 were disclosed by the Company on May 19, 2023.
Due to *ST Yuebo's failure to make payment in accordance with the audit engagement agreement, China Audit Asia Pacific notified *ST Yuebo to terminate the audit engagement letter of "China Audit Asia Pacific (2023) No. 3565" on March 18, 2024, and notified *ST Yuebo to officially resign as the company's 2023 annual audit accountant on March 25, 2024. The resignation of the company's accountant is a material change in the aforesaid employment information, which was not disclosed by ST Yuebo in a timely manner. At the same time, the company did not disclose the above information in the "Announcement on the Preparation of the 2023 Annual Report and the Latest Audit Progress" disclosed on April 11 and April 15, 2024, and the information disclosure was incomplete.
According to the Shenzhen Stock Exchange, *ST Yuebo's above-mentioned conduct violated the provisions of Articles 1.4 and 5.1.1 of the Rules Governing the Listing of Stocks on the Growth Enterprise Market (Revised in August 2023). He Jing, as the former chairman of *ST Yuebo and acting as the secretary of the board of directors, and Li Xun, as the current chairman of *ST Yuebo and acting secretary of the board of directors, failed to fulfill their duties and perform their duties of loyalty and diligence, violated relevant regulations, and bear primary responsibility for the above violations.
The Shenzhen Stock Exchange requires the board of directors of the company to attach great importance to the above issues, learn lessons, fulfill the obligation of relevant information disclosure as soon as possible, timely and fully remind of the possible delisting risks, and protect investors' right to know.
On the same day, the Jiangsu Securities Regulatory Bureau issued a decision on ordering Nanjing Yuebo Power System Co., Ltd. to take corrective measures and issuing warning letters to He Jing and Li Xun. It is mentioned that in accordance with Article 52 of the "Information Disclosure Measures", the Jiangsu Securities Regulatory Bureau decided to take administrative supervision measures against *ST Yuebo to order corrections, and to issue warning letters to He Jing and Li Xun, and recorded them in the integrity file of the securities and futures market.
Source: Jiangsu Securities Regulatory Bureau
It is worth noting that on April 20 this year, *ST Yuebo just issued an announcement saying that because the company's relevant announcement that He Jing is not a dishonest person subject to execution is untrue, the Jiangsu Securities Regulatory Bureau intends to take administrative supervision measures against the company and He Jing by issuing a warning letter, and record it in the integrity file of the securities and futures market.
According to the data, *ST Yuebo was established in 2012 and listed on the Growth Enterprise Market of the Shenzhen Stock Exchange in May 2018. The company specializes in the R&D, production and sales of new energy vehicle powertrain systems, and provides overall power system solutions for new energy vehicle manufacturers.
In the secondary market, *ST Yuebo closed down 2.94% at 1.65 yuan per share on the 24th, with a total market value of 233 million yuan. (Sino-Singapore Jingwei APP)