Per reporter: Bi Yuanyuan Wen Menghua Per reporter: Dong Xingsheng
This morning, the First Inspection Bureau of the Shanghai Municipal Taxation Bureau has found that Zheng Shuang failed to declare his personal income of 191 million yuan, evaded taxes of 45.2696 million yuan, and other underpaid taxes of 26.5207 million yuan, and made a decision to punish Zheng Shuang for recovering taxes, collecting late fees and imposing a total of 299 million yuan in fines in accordance with the law.
The State Administration of Radio, Film and Television issued a document saying: "'Ghost of Qiannu', produced by Beijing Culture and starring Zheng Shuang, must not be broadcast. As of now, Zheng Shuang's Weibo and Zheng Shuang's studio Weibo have been permanently banned, and related film and television works have also been removed.
In the afternoon, the CSRC's punishment of Beijing Culture, the producer behind "Qiannu Ghost", also came.
Image source: The poster was previously officially released
ST Beiwen issued an announcement that on August 27, 2021, the company received the "Advance Notice of Administrative Penalties and Market Prohibition" from the Beijing Regulatory Bureau of the China Securities Regulatory Commission. It is proposed to impose administrative penalties on the company, its chairman Song Ge, director Zhang Yunlong and 17 other parties in accordance with the law, and take measures to ban the securities market from the securities market for Lou Xiaoxi, then vice chairman.
The specific penalties are as follows:
Beijing Culture was given a warning and fined 600,000 yuan;
Lou Xiaoxi, Song Ge, and Zhang Yunlong were given warnings and fined 300,000 yuan each;
Chen Ying was given a warning and fined 200,000 yuan;
Jia Yuanbo was given a warning and fined 100,000 yuan;
Tao Rong, Ding Jiangyong, Du Yang, Chen Chen, Zhang Yaping, Deng Yong, Di Xiaofeng, Chu Jianguo, Li Huabin, Liu Wei, Zhang Runbo, and Jin Bo were given warnings and fined 30,000 yuan each.
After inquiry by the China Securities Regulatory Commission, the facts of Beijing Culture's suspected violation of the law are: In July 2018, Beijing Century Partners Culture Media Co., Ltd. (hereinafter referred to as Century Partners), a subsidiary of Beijing Culture, transferred the right to 15% of the investment share income of the film and television drama "Great Song Palace Words" to Haining Borun Film and Television Culture Co., Ltd. (hereinafter referred to as Haining Borun) for 108 million yuan. In January 2019, Haining Borun paid the first transfer fee of 23 million yuan to Century Partners. The business recognized revenue of RMB102 million in Beijing Culture's 2018 annual report.
Century Partners and Yagat International Culture Media (Beijing) Co., Ltd. (hereinafter referred to as Yagat) signed the "Project Transfer Agreement", and Century Partners transferred 60% of the investment share income right of the film and television drama "Qiannu Ghost" to Yagaot for 380 million yuan. The agreement is shown to have been signed on December 10, 2018, when in fact the agreement was not signed in 2018. In March 2019, Argett paid the first transfer fee of 55 million yuan to Century Partners, which recognized revenue of 358 million yuan in the 2018 annual report of Beijing Culture.
After investigation, the transfer of the right to the investment share income of "Great Song Palace Words" and "Qiannu Ghost" did not really occur, and the transaction funds were provided by Zhoushan Jiawen Xile Equity Investment Partnership (Limited Partnership) authorized by Beijing Culture Lou Xiaoxi (then vice chairman of Beijing Culture and chairman of Century Partners). Lou Xiaoxi arranged, organized and implemented the above-mentioned false transfer of the right to the income of investment shares, fictitious capital circulation, and flowed back to Century Partners.
Century Partners falsely transferred the right to the investment share income of "Great Song Palace Words" and "Qiannu Ghost", resulting in Beijing Culture inflating a total of 460 million yuan in the 2018 annual report, accounting for 38.20% of the current operating income (before retrospective adjustment), and inflating the net profit of 191 million yuan, accounting for 58.94% of the net profit of the current period (before retrospective adjustment). There are false records in Beijing Culture's 2018 annual report.
In view of the fact that Lou Xiaoxi organized and implemented the case involving financial fraud, the disclosure of cultural information in Beijing was illegal, and the illegal circumstances were serious. The China Securities Regulatory Commission (CSRC) intends to decide to impose a three-year ban on Lou Xiaoxi from the securities market, and that during the period of the prohibition, in addition to continuing to engage in securities business in the original institution or serving as a director, supervisor or senior manager of the original listed company or unlisted public company, it is also forbidden to engage in securities business in any other institution or to hold the position of director, supervisor or senior manager of other listed companies or unlisted public companies. For the CSRC's penalty decision, Lou Xiaoxi told the "Daily Economic News" reporter that he would continue to appeal.
ST Beiwen's latest semi-annual report shows that in the first half of 2021, Beijing's cultural revenue was 21.5657 million yuan and net profit was -45.0626 million yuan. As of the close of trading on August 27, ST Beiwen closed at 4.38 yuan / share, with a total market value of 3.14 billion yuan.
Daily economic news