Kerid Announcements That Shareholders Reduce 8 Million 500 Thousand Shares Is A Big Flicker Of The Left Hand And The Right Hand.

The CSRC recently issued the decision on administrative penalty (No. 2019] 50). The CSRC has conducted a case investigation and trial on the illegal disclosure of information by Zhejiang fifth quarter Industrial Co., Ltd. (hereinafter referred to as "fifth quarter industry") and the fifth quarter industrial controlling shareholder Wu Lian mo.

The investigation and trial have ended.

According to the investigation, Reed has found the following illegal facts in the fifth quarter of industry and Wu Lian model: in June 17, 2015, the Listed Company Kai 002072.SZ Cmi Holdings Ltd (hereinafter referred to as "Kai Reed", "002072.SZ") was the controlling shareholder in the fifth quarter of the industry. As an information disclosure obligor, it disclosed the report on short form equity changes, and said that it had reduced 8 million 500 thousand shares of Kai Reed stock through the block trading platform, accounting for 4.83% of the total share capital of Kai Reed.

According to the investigation, the accounts of the above-mentioned 8 million 500 thousand shares of Kai Reed stock, which were granted by the fifth quarter of the industry, account for the account of Shanghai's Industrial Co., Ltd.

The company's account is the fifth quarter industrial controlling shareholder, Wu Lian Mo, who used the allocation fund at that time.

Fifth quarter Industrial Holdings of 8 million 500 thousand shares of Kai Reed stock, was still held by the fifth quarter industry concerted action Wu Lianmo.

The fifth quarter industry disclosed that there has been no change in the number of Kai Reed stock between itself and the concerted action. It has disclosed in the simplified equity change report that 8 million 500 thousand shares of Kai Reed stock have been reduced, and the relevant contents are falsified.

According to the provisions of the first and third clauses of the 193rd article of the securities law, the CSRC decided to give a warning to the fifth quarter industrial limited company of Zhejiang and impose a fine of 300 thousand yuan. It warned Wu Lianmo and imposed a fine of 400 thousand yuan.

The 193rd provision of the securities law stipulates that issuers, listed companies or other information disclosure obligers fail to disclose information in accordance with the provisions, or if the information disclosed has false records, misleading statements or major omissions, they shall be ordered to make corrections, give warnings, and impose a fine of not less than three hundred thousand yuan or less than six hundred thousand yuan.

Warnings shall be given to those directly in charge and other persons directly responsible, and a fine of more than thirty thousand yuan and three hundred thousand yuan shall be imposed.

If the issuer, the listed company or other information disclosure obligor fails to submit the relevant report in accordance with the relevant provisions, or the report submitted has false records, misleading statements or major omissions, it shall be ordered to make corrections, give a warning, and impose a fine of not less than three hundred thousand yuan or less than six hundred thousand yuan.

Warnings shall be given to those directly in charge and other persons directly responsible, and a fine of more than thirty thousand yuan and three hundred thousand yuan shall be imposed.

The controlling shareholder or actual controller of a issuer, a listed company or other information disclosure obligor shall be punished in accordance with the provisions of the preceding two paragraphs for the purpose of engaging in illegal activities in the first two paragraphs.

The following are the penalties for the punishment: Wu Lianmo, the CSRC's administrative penalty decision (Zhejiang fifth quarter Industrial Co., Ltd., Wu Lianmo), 50 (2019) 50 Party: Zhejiang fifth quarter Industrial Co., Ltd. (hereinafter referred to as the fifth quarter industrial), residence: Jianggan District, Hangzhou.

Wu Lianmo, male, born in February 1972, was the fifth quarter industrial controlling shareholder and address: Binjiang District, Hangzhou, Zhejiang.

According to the relevant provisions of the securities law of the People's Republic of China (hereinafter referred to as the "Securities Law"), I will investigate and hear the illegal acts of information disclosure in the fifth quarter industrial and Wu Lian mode, and inform the parties of the facts, reasons, basis and the rights enjoyed by the parties according to law.

The parties did not submit statements or pleadings, nor did they require a hearing.

The case is now under investigation and trial.

According to the investigation, the parties have the following illegal facts: in June 17, 2015, Reed, the controlling shareholder of the Listed Company Kai Kai Cmi Holdings Ltd (hereinafter referred to as Kai Reed), acted as an information disclosure obligor in the fifth quarter of the listed company, disclosing the brief report on equity changes, and said that 8 million 500 thousand shares of Kai Reed stock were reduced through the block trading platform, accounting for 4.83% of the total share capital of Kai Reed.

According to the investigation, the accounts of the above-mentioned 8 million 500 thousand shares of Kai Reed stock, which were granted by the fifth quarter of the industry, account for the accounts of Shanghai self view Industrial Co., Ltd.

The company's account is the fifth quarter industrial controlling shareholder, Wu Lian Mo, who used the allocation fund at that time.

Fifth quarter Industrial Holdings of 8 million 500 thousand shares of Kai Reed stock, was still held by the fifth quarter industry concerted action Wu Lianmo.

The fifth quarter industry disclosed that there has been no change in the number of Kai Reed stock between itself and the concerted action. It has disclosed in the simplified equity change report that 8 million 500 thousand shares of Kai Reed stock have been reduced, and the relevant contents are falsified.

Above facts, there are relevant announcements, securities account information, industrial and commercial registration data, bank running water, loan contracts, service documents, situation notes and related personnel inquiry pcripts and other evidence to prove that it is enough to identify.

In the fifth quarter industry, as an information disclosure obligor, the false record of the reduction of information in the report on short form rights and interests violates the provisions of article second of the "information disclosure management of listed companies" (No. fortieth of the SFC Order No. second) concerning the "information disclosure obligor shall disclose the information truthfully, accurately, completely and promptly, and must not have false records, misleading statements or major omissions", which constitutes the sixty-first act of the administrative measures for information disclosure of listed companies and the illegal act of "false information recorded in the information disclosed in the first paragraph of the securities law".

Wu Lianmo, as the fifth quarter industrial controlling shareholder, did not tell the fifth quarter of industry and Kai Reed that he held Kay Reed stock through the company's account in without knowing any change in the number of her own holdings.

Wu Lianmo's behavior directly led to the false record of the information disclosed by the fifth quarter industry, which constituted the behavior of the controlling shareholder and the actual controller of the other information disclosure obligor in the 193rd third paragraph of the securities law, which led to engaging in the former two illegal acts.

According to the facts, nature, circumstances and social harmfulness of the illegal acts of the parties, according to the provisions of the first and third paragraphs of the 193rd article of the securities law, I will decide: 1, to warn the fifth quarter Industrial Company of Zhejiang, and impose a fine of 300 thousand yuan; two, give warning to Wu Lianmo, and impose a fine of 400 thousand yuan.

The above-mentioned parties shall, within 15 days from the date of receiving the decision of this penalty, hand over the fine to the China Securities Regulatory Commission (the financial remittance special account), and the Bank of opening up: CITIC Bank head office business department, account number: 711101018980000016, which is directly turned over to the state Treasury by the bank, and the copy of the payment voucher with the name of the party shall be sent to the China Securities Regulatory Commission inspection bureau for the record.

If a party refuses to accept the penalty decision, he may apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receipt of the penalty decision. He may also file an administrative lawsuit directly to a competent people's court within 6 months from the date of receipt of the penalty decision.

During the period of reconsideration and litigation, the above decision shall not be suspended.

China Securities Regulatory Commission, June 3, 2019