Zhitong Financial APP learned that on November 25, the Shanghai Stock Exchange issued a regulatory warning to Li Zhiping, secretary of the board of directors of Huayang Xincai (600281.SH). It has been found out that on July 10, 2021, Huayang Xincai disclosed that after investing in Qinshui Lishan, Lishan No. 1 Fund was held by Shanxi High-tech Puhui Tourism Culture Development Co., Ltd., and has not been directly held in its own name. On August 25, 2021, the company disclosed that it had known that the outbound investment was intended to be carried out in the form of equity holding when it signed the fund contract of the Lishan No. 1 fund, but the company did not disclose the equity holding in the outbound investment announcement. The company's information on foreign investment is incomplete. The company has violated the regulations of incomplete and inaccurate disclosure of information on foreign investment matters, and the above-mentioned acts are in violation of the regulations.
Li Zhiping, then secretary of the board of directors of Huayang Xincai, as the direct person in charge of the company's information disclosure affairs, failed to perform his duties diligently and was responsible for the company's violations. In view of the above violations, the Shanghai Stock Exchange gave supervision and warning to Li Zhiping, secretary of the board of directors of Huayang Xincai.