According to Zhitong Finance App News, Zhuojin Co., Ltd. (688701.SH) issued an announcement. Tianjin Zhongan Hehui Equity Investment Fund Partnership (Limited Partnership), which holds more than 5% of the shares of the company, recently received the “Decision on Issuing Warning Letter Measures against Tianjin Zhongan Hehui Equity Investment Fund Partnerships (Limited Partnerships)” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission.
After investigation, Tianjin Zhongan Hehui Equity Investment Fund Partnership (Limited Partnership) (Zhongan Hehui for short) is a shareholder of Zhejiang Zhuojin Environmental Protection Technology Co., Ltd. holding more than 5% of the shares. On November 27, 2023, Zhongan Hehui reduced its holdings of Zhuojin shares by 1% through bulk transactions. Zhuojin shares were not promptly notified. As a result, Zhuojin Co., Ltd. did not disclose the “Reminder Notice Concerning 5% or More Shareholders' Equity Exceeding 1%” until December 7, 2023, which constituted untimely disclosure of information.
The above actions by Zhongan Hehui violate the provisions of Article 39 of the “Administrative Measures on Information Disclosure of Listed Companies” (CSRC Order No. 182) and Article 13 (3) of the “Administrative Measures on Acquisitions of Listed Companies” (CSRC Order No. 166).