ST Bailong issued an announcement on the evening of October 29, and the company received the "Advance Notice of Administrative Penalties and Market Prohibitions" (Penalty Character No. 99) from the China Securities Regulatory Commission on October 28. The company's suspected violation of laws and regulations on information disclosure has been investigated, and the CSRC intends to impose administrative penalties on you and take market entry ban measures in accordance with the law.
According to the announcement, it was found that The facts of Bo Baolong's suspected violation of the law were as follows: (1) The false records in the prospectus of Bo Baolong's initial public offering of shares, the 2016 non-public issuance of shares issuance and listing announcement and the periodic report; (2) Bo Baolong was suspected of not truthfully disclosing the "other non-current assets" statement items in the 2017-2019 annual report, and did not truthfully disclose the use of the raised funds in the 2018 annual report ;(3) Bai Baolong is suspected of failing to perform the approval procedures and information disclosure obligations for external guarantees from 2018 to 2020.
The above-mentioned illegal facts are proved by evidence such as the company's bank statements, accounting sets, annual reports, situation statements, and records of the parties' inquiries.
The announcement disclosed that according to the facts, nature, circumstances and degree of social harm of the parties' illegal acts, and in accordance with the provisions of the second paragraph of article 197 of the Securities Law, it is proposed to decide: 1. Order Bai Baolong to make corrections, give a warning, and impose a fine of 10 million yuan; 2, give a warning to Chen Weixiong and Chen Nana, and impose a fine of 5 million yuan each; 3, give a warning to Wang Qi and impose a fine of 3 million yuan; 4, give a warning to Lin Xiaoru and impose a fine of 2 million yuan; 5, give a warning to Jiang Weirong, He was also fined 1.5 million yuan; 6. Huang Lifei was given a warning and fined 1 million yuan; 7. Pei Jiwei and Li Yijiang were given a warning and fined 500,000 yuan.
ST Bailong said that the company and related parties intend to make statements, defenses and hearings to the CSRC on matters related to the Administrative Penalties and Market Prohibition Prior Notice. At present, the company's operation is normal, the company will continue to pay attention to the progress of the above matters, and in strict accordance with the provisions and requirements of relevant laws and regulations, timely performance of information disclosure obligations.
In the secondary market, as of today's close, ST Bailong rose to a limit of 3.07 yuan, with a market value of 1.652 billion yuan.
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