ST Shida (600734.SH) issued an announcement. On May 15, 2023, the company received information from the China Securities Regulatory Commission...
According to the Zhitong Finance App, ST Shida (600734.SH) issued an announcement. On May 15, 2023, the company received the “Notice of Case Filing” from the China Securities Regulatory Commission. On April 28, 2023, the China Securities Regulatory Commission decided to file a case against the company due to the company's alleged illegal disclosure of information. On December 7, 2023, the company received the “Advance Notice of Administrative Punishment” (penalty letter [2023] No. 66) issued by the China Securities Regulatory Commission.
After investigation, the company's suspected illegal facts include: failure to disclose important contract matters in accordance with regulations, and false records in the interim report where the impact of matters covered by reservations in the 2020 audit report has been eliminated.
The Securities Regulatory Commission believes that the company's failure to disclose important contract matters in accordance with regulations is suspected of violating Article 24 (1) (2) of the “Administrative Measures on Information Disclosure” and the provisions of Article 78 (1) and Article 80 (1) of the “Securities Law”, and constitutes the conduct described in section 197 (1) of the “Securities Law”; ST Shida's interim report on the recovery of payment and the elimination of the impact of the reservations on the 2020 audit report contains false records. It is suspected of violating the provisions of section 78 (2) of the “Securities Law”, and constitutes a violation of section 78 (2) of the “Securities Law”, which constitutes a violation of the provisions of section 78 (2) of the “Securities Law” The acts described in paragraph 2 of Article.
According to the facts, nature, circumstances and degree of social harm of the parties' illegal acts, the Securities Regulatory Commission plans to decide: for failure to disclose important contract matters in accordance with regulations, in accordance with the provisions of section 197 (1) of the Securities Law: 1. Order corrections, give a warning, and impose a fine of 500,000 yuan on Fujian Shida Group Co., Ltd.; 2. Give a warning to Jing Baifu and impose a fine of 300,000 yuan; 3. Give a warning to Zhou Le and impose a fine of 200,000 yuan. For the temporary report of false records, according to section 197 (2) of the “Securities Law”: 1. Fujian Shida Group Co., Ltd. was ordered to make corrections, issued a warning, and fined 2 million yuan; 2. Jing Baifu and Zhou Le were warned, and fined 1 million yuan respectively. Combining the above two items: 1. Fujian Shida Group Co., Ltd. was ordered to make corrections, given a warning, and fined 2.5 million yuan; 2. Jing Baifu was warned and fined 1.3 million yuan; 3. Zhou Le was warned and fined 1.2 million yuan.