Aftershocks in the Ye Fei case continued, and the actual controller of another listed company was investigated and suspected of manipulating the market

"Ye Fei Case" pulled out the radish and brought out the mud. On the evening of September 30, Haozhi Electromechanical (300503) announced that it received a notice from Tang Xiuqing, the controlling shareholder, actual controller, vice chairman and general manager of the company, that on September 30, it received a "Notice of Case Filing" from the China Securities Regulatory Commission, "Because you are suspected of manipulating the securities market, according to the Securities Law of the People's Republic of China, the Administrative Punishment Law of the People's Republic of China and other laws and regulations, on September 26, I will decide to file a case against you."

Haozhi Electromechanical is one of the companies that Ye Fei broke the news for market value management, and on September 28, Jinchuang Group (603680) announced that Ge Yaohong, director and general manager of the company, and Hu Limin, director, deputy general manager and financial director of the company, received a notice from the CSRC that the CSRC decided to file a case against the two because of suspected securities market manipulation, and Ye Fei also broke the news of the company.

On May 9, a Weibo post by Ye Fei unveiled the black box of pseudo-market value management, and the reason he posted was that the other party involved in market value management was in debt, aiming at the market value management disk that Zhongyuan Home was looking for, and refused to pay the balance of market value management. In addition, the company's stock price fell sharply during the operation, resulting in millions of losses in the asset management of the public funds and securities companies that took over the market.

However, Zhongyuan Home completely denied it, and said that it did not know the contact person Ye Fei said, nor did it have any financial transactions. Ye Feifabo countered that the announcement issued by Zhongyuan Home did not have credibility, and the company owed money and did not repay it.

It is worth noting that in order to increase the credibility of his remarks, Ye Fei also pointed out that the two listed companies of Visionox and Haozhi Electromechanical also involved in the so-called "market value management".

In this regard, the two listed companies said that they had not contacted Ye Fei and there was no relevant situation.

In the list of Weibo news on May 15, the list he broke the news include Zhongyuan Home, LONGi Machinery, Visionox, Haozhi Electromechanical, Oriental Fashion, Flantec, Xiangxin Technology and many other companies.

On May 17, Haozhi Electromechanical opened nearly 19% low, LONGi Machinery, Oriental Fashion, Jinchuang Group, Frankecker Litong Electronics fell to a halt, and Zhongyuan Home opened 8% low.

According to the latest performance forecast released by Haozhi Electromechanical, it is expected to achieve a net profit of 165 million yuan to 185 million yuan in the first three quarters, and the net profit will increase by 83.24% to 105.45% year-on-year. After being reported, Haozhi Electromechanical's stock price fell, and then there was a doubling of the increase, and it has recently been lowered.

On July 23, the Csrc reported the progress of the investigation of stock price manipulation cases such as "Zhongyuan Home" and "Litong Electronics", and after investigation, from September 2020 to May 2021, Shi Mou and other manipulation gangs controlled dozens of securities accounts, and pulled up the stock price of "Zhongyuan Home" Litong Electronics through continuous trading, confrontation and other illegal methods, with a transaction amount of more than 3 billion yuan, and the relevant acts have reached the standard of criminal prosecution, suspected of constituting market manipulation crimes.

On September 24, the China Securities Regulatory Commission (CSRC) announced that it had seized a number of major cases of market manipulation with the public security organs, and cooperated with the public security organs to carry out a joint operation to arrest Ye Fei and others, the main suspected criminals in the three cases of market manipulation. Ye Fei is considered an intermediary and broker, and the so-called market value management he is involved in, manipulating stock prices through vests, is a key type of illegal crackdown.

At the same time, the CSRC also announced that it will rely on the joint research and judgment mechanism with the public security organs to rely on clues, combined with the monitoring and discovery of the exchange, to start a joint investigation of a number of vicious market manipulation cases in accordance with the law, and as a key case of the CSRC's special law enforcement action in 2021, it will concentrate on allocating forces, strengthening law enforcement coordination, and accelerating case breakthroughs. At present, the relevant personnel are suspected of manipulating the stock prices of Nanling Minbang, Jinchuang Group and Haozhi Electromechanical and Have made significant progress. (Editor-in-charge: Zhang Qianye)