Shenzhen Stock Exchange publicly reprimanded Guangdong Yunju and Zhang Tao for violating public commitments to listed companies and investors

Zhitong Finance APP learned that on November 1, the Shenzhen Stock Exchange gave a public reprimand to Guangdong Yunju Technology Investment Co., Ltd. and Zhang Tao. It was found that Guangdong Yunju and Zhang Tao failed to perform their performance compensation obligations in a timely manner in accordance with the Share Transfer Agreement, violating their public commitments to listed companies and investors, and infringing on the legitimate rights and interests of listed companies and investors. In the course of disciplinary punishment, the parties Guangdong Yunju and Zhang Tao submitted an application for a hearing. The Shenzhen Stock Exchange believes that guangdong Yunju and Zhang Tao should still perform their performance compensation obligations in accordance with the contract without changing the commitment. Considering that the completion rate of The Joint Performance Commitment of Youshi is negative, as of the time of the decision, the amount of performance compensation that the parties have not yet fulfilled is 190.3962 million yuan (excluding overdue interest), which is a huge amount. For this reason, the reason cannot be established, and the Shenzhen Stock Exchange does not adopt it.

For the above-mentioned violations and sanctions imposed by Guangdong Yunju Technology Investment Co., Ltd. and Zhang Tao, the Shenzhen Stock Exchange will be recorded in the integrity file of the listed company and disclosed to the public.