On May 10, the Guangdong Securities Regulatory Bureau issued a decision to issue warning letters against CITIC Securities Co., Ltd., Ling Peng, and Purui Airlines.
The Zhitong Finance App learned that on May 10, the Guangdong Securities Regulatory Bureau issued a decision to issue warning letters against CITIC Securities Co., Ltd., Ling Peng, and Purui Airlines. After investigation, CITIC Securities Co., Ltd. (hereinafter referred to as CITIC Securities), as the continuous supervisory agency for the initial public offering of shares by Guangdong Quanwei Technology Co., Ltd. (formerly Guangdong National Technology Co., Ltd.), committed the following irregularities during the continuous supervision process: First, there were insufficient checks on the relationships between customers and suppliers in the xylene trading business. Second, there is insufficient verification of the authenticity of the xylene trade business. Third, in the review of xylene business documents, it was not observed that there was a clear difference between the shipping company corresponding to the transportation contract and the cabin measurement report. Fourth, the review of xylene business documents did not pay attention to obvious abnormalities in the loading port agreed in the sales contract and chartering contract.
CITIC Securities' above actions violate the provisions of Article 28 (6) of the “Administrative Measures on Securities Issuance and Listing Sponsorship Business”. Ling Peng and Pu Ruihang are mainly responsible for these irregularities as sponsor representatives.
Meanwhile, on May 6, the Shenzhen Stock Exchange publicly condemned Quanwei Technology (300716.SZ) and related parties. It was discovered that Quanwei Technology and related personnel committed the following irregularities: From August 2019 to June 2020, Quanwei Technology inflated operating income and operating costs through its former holding subsidiary Guangdong National Supply Chain Management Co., Ltd., and there were false records in the 2019 Annual Report and 2020 Semi-Annual Report. Among them, business revenue inflated in 2019 by about 557 million yuan and operating costs of about 552 million yuan, accounting for 21.4% and 23.36% of the operating income and operating costs recorded in the current report, respectively.
In view of the relevant facts and circumstances of the violation, after review and approval by the Institute's Disciplinary Punishment Committee, the Institute issued the following disciplinary decisions: 1. Public condemnation was imposed on Guangdong Quanwei Technology Co., Ltd.; 2. Shao Jiantang, then chairman of Guangdong Quanwei Technology Co., Ltd., Huang Xi, then general manager, and Li Peihuan, the former holding subsidiary Guangdong National Supply Chain Management Co., Ltd.