Trainee reporter Wen Yan
There is also the actual controller of an A-share company who was criminally detained!
On the evening of April 25, Guao Technology announced that Chen Chongjun, the actual controller of the company, was criminally detained by the Qingdao Municipal Public Security Bureau on suspicion of manipulating the securities market. On the evening of the same day, the Shenzhen Stock Exchange issued a letter of concern, requiring Guao Technology to explain the relevant situation and disclose it in a timely manner.
The actual controller of Guao Technology was arrested
The exchange urgently sent a letter of concern
On the evening of April 25, Guao Technology announced that the company recently received the "Detention Notice" issued by the Qingdao Municipal Public Security Bureau provided by Chen Chongjun's family, and learned that Chen Chongjun was criminally detained by the Qingdao Municipal Public Security Bureau on suspicion of manipulating the securities market.
Guao Technology said that at present, the company's business situation is normal. Chen Chongjun is the actual controller of the Company and does not serve as a director, supervisor or senior management of the Company. Chen Chongjun's detention will not have a significant impact on the company's daily operations and will not affect the disclosure of the company's 2023 annual report.
The Board of Directors of the Company will pay close attention to the progress of the above matters and fulfill its information disclosure obligations in a timely manner. All information disclosed by the company is subject to the announcement disclosed on the GEM information disclosure website designated by the China Securities Regulatory Commission, please pay attention to the company's follow-up announcement and pay attention to investment risks.
On the evening of the same day, the Shenzhen Stock Exchange issued a letter of concern to Guao Technology.
In the letter of concern, the SZSE requires the company to verify and explain the following matters:
1. Explain the information that the company has as of the date of the reply letter on the specific matters of Chen Chongjun's suspected crime of manipulating the securities market, and explain whether it involves the liability of the company or the company's relevant directors, supervisors and senior executives, and if so, please explain whether the company or the relevant directors, supervisors and senior executives are suspected of major violations of laws and regulations.
2. Fully assess and explain the impact that Chen Chongjun's criminal detention has had and may have on the stability of the company's control, daily production and operation, investment and financing, debt repayment, periodic report disclosure, etc., and the countermeasures the company has taken or intends to take, and timely and fully warn of the relevant risks.
3. Explain the personal debts of Chen Chongjun and the freezing of the pledge of the equity held by the company and Chen Chongjun's relatives, including the amount of personal debts, debt maturity arrangements, the number of pledged shares, the default of the pledge, the number of frozen shares, whether the company's guarantee liability is involved, whether there are other equity restrictions, etc., and verify whether Chen Chongjun has fraudulently used your company's name to borrow or guarantee externally.
4. Verify the time when the company and Chen Chongjun's family received the "Notice of Detention" and the specific time point when they became aware of the relevant matters, explain whether there is any failure to perform the information disclosure obligation in a timely manner, self-check whether there is insider trading among directors, supervisors, senior managers, and shareholders holding more than 5% of the shares, and provide a list of insiders with inside information and a transaction self-inspection report.
5. Other matters that the company deems necessary to be explained.
The Shenzhen Stock Exchange requires the company to make a written explanation on the above matters, submit the relevant explanatory materials to the exchange and disclose them to the public before April 29, 2024, and at the same time send a copy to the Listed Company Supervision Department of the Shanghai Securities Regulatory Bureau.
As of April 10, Chen Chongjun held a total of 78,550,600 shares of Guao Technology, accounting for 23.10% of the share capital after excluding the special account for the repurchase of Guao Technology, 67.17 million shares of the cumulative number of pledged shares, accounting for 85.51% of the company's shares held by him, accounting for 19.75% of the company's share capital after excluding the company's special repurchase account, and 93,000 shares were judicially frozen, accounting for 0.12% of the company's shares held by him , accounting for 0.03% of the company's share capital after excluding the company's special repurchase account.
I just received a warning letter last month
On March 12, 2024, Guao Technology announced that Chen Chongjun, the actual controller of the company, recently received the "Decision on Issuing a Warning Letter to Chen Chongjun" (hereinafter referred to as the "Warning Letter") issued by the Shanghai Securities Regulatory Bureau.
According to the "Warning Letter", Chen Chongjun, as the actual controller and former director of Guao Technology, held 38.26% of the shares of Guao Technology as of November 20, 2022.
From November 21, 2022 to March 24, 2023, Chen Chongjun reduced his holdings of 17,815,400 shares of Guao Technology through agreement transfer, block trading, and centralized bidding, accounting for 5.24% of the total share capital of Guao Technology, and disclosed the simplified equity change report of Guao Technology on March 24, 2023.
On March 27, 2023, Chen Chongjun agreed to transfer 21,665,300 shares of Guao Technology pledged to the pledgee, resulting in a change in his shareholding ratio of 6.37%.
The Shanghai Securities Regulatory Bureau pointed out that Chen Chongjun failed to stop trading in accordance with the regulations when the cumulative change in the cumulative change in the shares of Guao Technology reached 5%, which violated the provisions of Article 36, Paragraph 2 and Article 63, Paragraph 2 of the Securities Law (revised in 2019).
In addition, Chen Chongjun will not serve as a director of Guao Technology from May 19, 2023, but on August 1 and 11, 2023, due to judicial auctions, he reduced his holdings by a total of 6.2 million shares within half a year after his resignation.
The Shanghai Securities Regulatory Bureau pointed out that Chen Chongjun's above-mentioned behavior did not comply with the provisions of the "Rules for the Management of the Company's Shares Held by Directors, Supervisors and Senior Managers of Listed Companies and Their Changes" and other relevant rules, and violated the relevant provisions of the "Securities Law" and the "Company Law".
He has been warned many times before
According to the company's official website, Guao Technology was founded in 1996 and listed on the Growth Enterprise Market of the Shenzhen Stock Exchange in 2016.
According to the comprehensive announcement of Guao Technology, Chen Chongjun was born in 1968 and is a native of Wenzhou, Zhejiang. As the actual controller of Guao Technology, he previously served as the chairman and general manager of the company for a long time.
However, Chen Chongjun has been warned by regulators many times in recent years.
On December 30, 2022, Chen Chongjun received the "Decision on Issuing a Warning Letter to Mr. Chen Chongjun" issued by the Shanghai Securities Regulatory Bureau.
On February 28, 2023, Chen Chongjun, then chairman, controlling shareholder and actual controller of Guao Technology, received a regulatory letter from the Shenzhen Stock Exchange for his share reduction.
On March 4, 2022, Guao Technology disclosed the "Report on Changes in the New Shares Issued by Shanghai Guao Electronic Technology Co., Ltd. to Specific Targets and Listing Announcement". Chen Chongjun, as the controlling shareholder and actual controller of Guao Technology, subscribed for 43,787,600 shares issued by Guao Technology to specific targets, and the shareholding ratio increased from 28.39% to 37.41%.
On December 16, December 22, 2022, January 16 and February 15, 2023, Guao Technology disclosed relevant announcements showing that from November 21, 2022 to January 19, 2023, Chen Chongjun reduced his holdings of the company's shares by a total of 13.4495 million shares, with a total reduction amount of 132 million yuan. Among them, 9,039,500 shares were disposed of and transferred due to the pledge agreement, and 2 million shares were sold due to the forced liquidation of the pledge.
The Shenzhen Stock Exchange believes that Chen Chongjun's above-mentioned shareholding reduction violated the provisions of Article 1.4 and Article 2.3.1, Paragraph 1 of the GEM Stock Listing Rules (Revised in December 2020).
As of April 25, the share price of Guao Technology was 8.88 yuan, and the latest market value was 3.07 billion yuan.
Editor: Captain
Review: Xu Wen