Before Chang Xiaohui proposed to leave, her husband Liu Qinglin bought and sold stocks in violation of the law, buying Tonghua Dongbao shares 13 times and selling them 11 times.
Recently, Tonghua Dongbao announced that after self-examination, it was found that Liu Qinglin, the spouse of the former director Chang Xiaohui, bought a total of 12,400 shares of the company's shares from May 28, 2020 to July 3, 2020, and sold 42,000 shares of the company's shares, obtaining a gain of 4639 yuan. The above behavior constitutes short-term trading of stocks.
Statistics show that Liu Qinglin has bought Tonghua Dongbao stocks 13 times and sold 11 stocks. We also found that Liu Qinglin's above-mentioned 24 illegal transactions occurred exactly half a year before his wife, Chang Xiaohui, proposed to leave her job.
According to public information, on September 11, Tonghua Dongbao announced that the company received a written resignation report from director Chang Xiaohui and applied to resign as a director of the company's tenth board of directors due to work reasons. His tenure lasted from May 7, 2020 to September 10, 2020, and his tenure was only 4 months.
Regarding Chang Xiaohui's departure, Tonghua Dongbao also said that Chang Xiaohui was conscientious and diligent during her tenure as a director of the company.
However, in fact, Chang Xiaohui has just taken office as a director on May 7, and her husband Liu Qinglin has bought 400 shares of Tonghua Dongbao for the first time on May 28.
For Chang Xiaohui's spouse Liu Qinglin's illegal transactions? Tonghua Dongbao explained that the above transaction was caused by Liu Qinglin's lack of understanding of the provisions of relevant laws and regulations, and Chang Xiaohui did not know the relevant situation in advance, and did not inform his relatives of the company's operation.
According to Article 44 of the Securities Law, which came into effect on 1 March 2020, "Shareholders, directors, supervisors and senior management personnel of listed companies and whose shares are traded on other national securities trading venues approved by the State Council shall sell the shares of the company or other securities of an equity nature held by them within six months after the purchase, or buy them again within six months after the sale, and the proceeds obtained therefrom shall belong to the company, and the board of directors of the company shall recover the proceeds obtained". The stocks or other securities of an equity nature held by directors, supervisors, senior management personnel and natural person shareholders referred to in the preceding paragraph include stocks or other securities of an equity nature held by their spouses, parents and children and held by using the accounts of others".
During this short-term trading period, Liu Qinglin bought 12,400 shares of the company's stock in short-term trading and obtained a gain of 4639 yuan, which has been fully owned by the company.