Red Star Capital Bureau reported on May 11 that yesterday, GF Securities (000776. SZ) issued an announcement on the resolution of the first meeting of the 11th board of directors, Lin Chuanhui was re-elected as chairman of the board, and Qin Li was promoted to general manager.
In addition, the board of directors also appointed Sun Xiaoyan as the company's executive deputy general manager and chief financial officer, Xiao Xuesheng, Ouyang Xi, Zhang Wei, Yi Yangfang, Li Qian, Xu Youjun and Hu Jinquan as the company's deputy general managers, Xin Zhiyun as the company's deputy general manager and chief information officer, Wu Shunhu as the company's compliance director, Cui Zhouhang as the company's chief risk officer, and Yin Zhongxing as the company's board secretary, joint company secretary and securities affairs representative.
Red Star Capital Bureau noticed that Qin Li and Ouyang Xi, who were promoted to general manager and deputy general manager of the company respectively, were demoted to the company's directors due to the fraud incident of Kangmei Pharmaceutical.
In July 2020, the China Securities Regulatory Commission (CSRC) issued a prior notice of administrative regulatory measures to GF Securities for its violations in Kangmei Pharmaceutical's investment banking business in accordance with the law, and planned to suspend GF Securities' qualification as a sponsor for 6 months and temporarily suspend the acceptance of relevant documents for bond underwriting business for 12 months. The 14 directly responsible persons and the personnel with management responsibilities were respectively identified as unsuitable persons for 10 to 20 years, publicly reprimanded, and restricted the relevant senior executives at the time from receiving remuneration, and ordered GF Securities to conduct internal accountability of the relevant responsible personnel and recover the relevant remuneration income in accordance with the company's regulations.
At that time, the two vice presidents in charge of investment banks were publicly reprimanded and punished by the Guangdong Securities Regulatory Bureau. Among them, the supervision restricted the right of Ouyang Xi, then deputy general manager in charge of relevant investment banking business, to receive remuneration other than the basic salary in 2014, 2015 and 2016, and restricted the right of Qin Li, then deputy general manager in charge of relevant investment banking business, to receive remuneration other than the basic salary in 2017 and 2018, and all the part received should be returned to the company.
On December 31, 2020, GF Securities held the 11th meeting of the 10th session of the board of directors, deliberated and passed the "Proposal on Compliance Accountability of Relevant Personnel Involved in the Kangmei Project Incident", and demoted Ouyang Xi, deputy general manager of the company, and Qin Li, executive deputy general manager, to the company's directors in accordance with the relevant provisions of the "GF Securities Compliance Accountability Measures".
Previously, GF Securities was also punished by regulators for *ST Meishang. In September 2023, GF Securities announced that the company received the "Administrative Penalty Decision" from the CSRC on the same day, and the company failed to be diligent and conscientious in the process of providing sponsorship (lead underwriting) services for *ST Meishang's non-public issuance of shares in 2018, and issued documents containing false records, and the CSRC ordered GF Securities to make corrections and give warnings, with a total fine of 10,216,980 yuan.
Red Star News reporter Jiang Ziwen
Edited by Yang Cheng
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