Song Qinghui, a well-known economist, told the "Securities Daily" reporter that in the context of the new "National Nine Articles", it is of great practical significance for independent directors of A-shares to take the initiative to speak out. In the new "National Nine Articles", it is once again emphasized that the supervisory role of independent directors should be brought into play, and the performance of duties should be strengthened, and it is expected that the regulator will be more supportive of independent directors in the governance of listed companies to play a role in supervision, checks and balances.
The independent directors of Hongbo Co., Ltd. spoke out and urged the company to strengthen the level of corporate governance
Securities Daily reporter Li Ting
On April 23, Hongbo Co., Ltd. announced that it received the "Supervision Letter on Strengthening the Level of Corporate Governance" (hereinafter referred to as the "Supervision Letter") from the independent directors, which showed that the independent directors had recently put forward opinions on strengthening the level of corporate governance and comprehensively improving the company's compliance operation awareness on the basis of performing their duties and communicating with the company's annual audit institution.
Famous economist Song Qinghui
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Song Qinghui, a well-known economist, told the "Securities Daily" reporter that in the context of the new "National Nine Articles", it is of great practical significance for independent directors of A-shares to take the initiative to speak out. In the new "National Nine Articles", it is once again emphasized that the supervisory role of independent directors should be brought into play, and the performance of duties should be strengthened, and it is expected that the regulator will be more supportive of independent directors in the governance of listed companies to play a role in supervision, checks and balances.
Independent directors point out corporate governance issues
According to the supervision letter, since January 2024, the shares held by the original controlling shareholder of Hongbo shares have been judicially deducted due to external contract disputes, and on February 29, 2024, the company disclosed the "Announcement on the Judicial Deduction of Part of the Shares Held by the Company's Shareholders and the Company's No Controlling Shareholder and Actual Controller", and the company was changed to no actual controller.
The independent director of Hongbo Co., Ltd. said that he was highly concerned about the passive reduction of the company's shareholders due to judicial deduction, and asked the company to give a detailed written explanation on the reasons why the shareholders' shares were judicially deducted several times, and whether there were violations in the process of equity change.
At the same time, the independent directors urged that the company should strengthen the level of corporate governance, further optimize and improve the performance system of the company's independent directors, create conditions for independent directors to perform their duties, ensure that independent directors can play their full role, and improve the company's standard operation level.
Yu Fenghui, a specially invited researcher at China's financial think tank, told the "Securities Daily" reporter that in view of the above opinions, it is necessary to pay attention to the risks in the state of the company without an actual controller, such as the uncertainty that may be caused by the judicial passive reduction of controlling shareholders, and at the same time, it is necessary to pay attention to whether the performance system of independent directors is sound, and whether the company fully listens to the suggestions and opinions of independent directors to ensure the independence and objectivity of independent directors.
Pay attention to the company's performance "change of face" and annual report audit
Data show that since the beginning of this year, Hongbo shares share price continued to fluctuate sharply, including the lowest touch of 15.3 yuan / share on February 8, to March 5, Hongbo shares share price as high as 31.5 yuan / share, as of April 23 closing, the company's share price closed at 16.49 yuan / share.
At the same time, Hongbo Co., Ltd. has frequent corporate governance problems. On April 13, Hongbo Co., Ltd. suddenly issued a revised announcement on the 2023 annual performance forecast. The company's net profit attributable to the parent company has also changed from the previous expected profit of 37.4 million yuan to 56.1 million yuan to a loss of 50 million yuan to 58 million yuan. The reason is that nearly 500 million yuan of income from the computing power sector business was audited and deducted.
Subsequently, the company's main holding subsidiary, InBev Digital, reported internal disputes over personnel changes. On April 20, Hongbo announced that the company urgently convened a board of directors to deliberate and approve the dismissal of Zhou Weiwei, deputy general manager of the company and general manager of InBev Digital Technology and the core figure of the company's computing power business, but did not disclose the reason for the dismissal.
The company also received regulatory warning letters and concern letters for suspected violations of laws and regulations, and the company and related responsible persons were subject to corresponding regulatory measures.
In this regard, the independent directors conducted on-site communication and put forward opinions and opinions on the revision of the performance forecast of Hongbo shares. At the same time, the independent directors believe that the company should further strengthen the management of InBev Digital, and the related business in the field of artificial intelligence is one of the important directions of the company's future development, and it is necessary to stabilize the company's future development.
The independent directors and audit committee of Hongbo Co., Ltd. plan to carry out self-examination of corporate governance in May 2024, and pay close attention to the progress of the company's 2023 annual report, and urge the company to complete the audit of the 2023 annual report as soon as possible. Original title: The independent directors of Hongbo Co., Ltd. spoke out and urged the company to strengthen the level of corporate governance
(Edited by Caishandan)