Jiuqi Co., Ltd. (300994.SZ) issued an announcement. The company received China's securities regulation on May 8, 2024...
According to the Zhitong Finance App, Jiuqi Co., Ltd. (300994.SZ) issued an announcement. On May 8, 2024, the company received the administrative supervision measures decision “Decision on Issuing Warning Letter Measures against Jiuqi Co., Ltd. and related personnel” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission.
According to the “2023 Special Report on the Deposit and Use of Funds Raised” and “Notice Concerning the Use of Some Temporarily Idle Funds Raised and Own Funds for Cash Management” disclosed by the company on April 22, 2024, there are situations where some idle funds raised to purchase wealth management products have not been reviewed in a timely manner.
The above acts of the company violate the provisions of Article 8 of the “Guidelines for the Supervision of Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Funds Raised by Listed Companies” (Securities Regulatory Commission Notice (2022) No. 15) and Article 3 of the “Administrative Measures on Information Disclosure of Listed Companies” (CSRC Order No. 182). Li Zheng, the chairman and general manager of the company, and Yong Yi, the financial director and secretary of the board of directors, violated the provisions of sections 4 and 51 of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182) and bear the main responsibility for the above irregularities. According to Article 52 of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182), the Zhejiang Securities Regulatory Bureau decided to take separate supervisory and administrative measures to issue warning letters and record them in the securities and futures market integrity file.