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*Zhang Qun, chairman and general manager of ST East Network (002175.SZ), and Wang Songqi, secretary of the board of directors, received a letter of regulatory concern

author:Zhitong Finance

Zhitong Finance APP News, *ST East Network (002175.SZ) announced that on September 8, 2021, the company received the "Letter of Regulatory Concern on Issues Related to Zhang Qun and Wang Songqi's Commitment to Increase Shareholdings" issued by the Guangxi Securities Regulatory Bureau, and the main contents of the regulatory concern letter are as follows:

On December 24, 2020, the company disclosed the "Announcement on the Company's Management Plan to Increase the Company's Shares", saying that *ST East Net Chairman and General Manager Zhang Qun, Board Secretary and Deputy General Manager Wang Songqi intends to increase *ST East Net shares within 6 months from the day after the announcement disclosure, Zhang Qun intends to increase the amount of holdings is not less than 3 million yuan, not higher than 6 million yuan, and Wang Songqi intends to increase the amount of the increase is not less than 2 million yuan, not higher than 4 million yuan.

During the commitment period, in addition to the impact of objective factors such as the window period for major events and the stock price exceeding the upper limit of the promised increase price, as of June 15, 2021, Zhang Qun increased his holding of 10,000 shares of *ST East Net with an increase of 10,300 yuan, and Wang Songqi did not increase his holding of *ST East Net stock and has not yet completed the commitment to increase his holdings. After learning that due to objective reasons, it was impossible to complete the commitment on time, and failed to disclose the relevant information in a timely manner, which violated the relevant regulations. We should attach great importance to the above problems, earnestly learn lessons, strictly abide by relevant laws and regulations, and prevent the recurrence of such violations.

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