Golden Eagle Shares (600232): Receipt Of Decision On Administrative Supervision Measures Of Zhejiang Securities Regulatory Bureau

600232.SH announced that in September 12, 2019, the company received the decision of the Zhejiang Supervision Bureau of the China Securities Regulatory Commission ("Zhejiang Securities Regulatory Commission") to take corrective actions against the Zhejiang Golden Eagle Limited by Share Ltd ([2019] 89). The chairman of the board of directors, Han Jun and the Secretary of the board of directors, received the decision on the warning letter issued by Fu Guoding and Han Jun on September 12, 2019 issued by the Zhejiang securities regulatory bureau (2019 [88]). The specific contents are hereby announced as follows:

1. Decision on taking corrective actions against Zhejiang Golden Eagle Limited by Share Ltd.

After investigation, I found that your company has the following problems:

In December 7, 2016, your company announced that it plans to build an annual output of 5000 tons of lithium iron phosphate cathode material for its lithium ion battery with its own funds, with a total investment of 195 million yuan. In December 24, 2016, after the resolution of the first provisional general meeting of shareholders in 2016, the above investment matters were approved. In May 5, 2017, your company announced that lithium ion battery cathode material of lithium iron phosphate was put into production in May 4, 2017. According to the investigation, up to now, the total investment amount of the project is only 20 million 410 thousand yuan, and has been in a state of discontinued production since it was put into production in May 2017, which is a major change. Your company has not performed the continuous disclosure business on the above matters.

The above acts violate the provisions of the second and thirty-second articles on the management of information disclosure of listed companies. In accordance with the provisions of the fifty-ninth regulation on information disclosure of listed companies, we are now ordering your company to make corrections and supplement the progress of lithium iron phosphate cathode materials for lithium ion batteries.

In addition, our bureau also found that your company's seal management is not standardized and internal control has some defects. Your company should rectify all the above problems and submit a written rectification report to our bureau before September 30, 2019. The rectification report should include specific rectification measures and responsible persons for rectification.

Two. Decision on the adoption of warning letters to Fu Guoding and Han Jun.

After investigation, I found that your company has the following problems:

In December 7, 2016, Golden Eagle announced that it intends to build an annual output of 5000 tons of lithium iron phosphate cathode material for its lithium ion battery with its own funds, with a total investment of 195 million yuan. In December 24, 2016, after the resolution of the first provisional general meeting of shareholders in 2016, the above investment matters were approved. In May 5, 2017, Golden Eagle announced that lithium ion battery cathode material of lithium iron phosphate was put into production in May 4, 2017. According to the investigation, up to now, the total investment amount of the project is only 20 million 410 thousand yuan, and has been in a state of discontinued production since it was put into production in May 2017, which is a major change. Jinying shares did not carry out the information disclosure business on the above matters.

The above acts violate the provisions of the second and thirty-second articles on the management of information disclosure of listed companies. Fu Guoding, chairman of the board and Secretary of the board of directors Han Jun are responsible for the above actions. According to the provisions of the fifty-eighth and fifty-ninth provisions on the management of information disclosure of listed companies, I decided to take the supervision and management measures of the warning letters issued by Fu Guo Ding and Han Jun, and credited them to the credit archives of the securities and futures markets. You should make full use of your lessons, strengthen relevant laws and regulations learning, raise awareness of standardized operation, conscientiously fulfill the obligation of information disclosure, and submit a rectification report to our bureau before September 30, 2019.

The above two items: if they are not satisfied with the supervision and management measures, they may apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receipt of this decision. They may also bring suit to the people's Court of jurisdiction within 6 months from the date of receipt of this decision. During the period of reconsideration and litigation, the above supervision and management measures shall not be suspended. "

The company and related personnel attach great importance to the above problems and will take effective measures to carry out rectification in accordance with the regulatory requirements of the Zhejiang Securities Regulatory Commission, submit timely written rectification reports, and timely fulfill the obligation of information disclosure according to the follow-up progress. At the same time, directors, supervisors and senior managers of the company strengthen the learning of securities laws and regulations, strengthen the awareness of standardized operation, strengthen internal control management, and effectively improve the standard operation level of the company.