Annual report was “unable to express opinions” * ST Great Wall 9 executives were named for failing to fulfill their duties

On the 24th, the Shenzhen Stock Exchange issued regulatory letters to nine relevant parties of * ST Great Wall (formerly great wall film and television), pointing out that they failed to fulfill their duties and obligations of diligence. < / P > < p > on the evening of June 18 this year, Great Wall television delayed the disclosure of its annual report for 2019. Zhongtianyun Certified Public Accountants (special general partnership) has issued an audit report on the financial report of great wall film and television in 2019, which is unable to express an opinion. The basis for the formation of the audit opinion is: illegal external guarantee, significant uncertainty in the ability of going concern, case investigation by China Securities Regulatory Commission, uncertainty in the provision of goodwill impairment at the end of the period, Limited letter of confirmation, etc. < / P > < p > Shenzhen Stock Exchange pointed out that Chen Zhiyong, Jiang Jianlin, Chen Jun and Yu Bo, directors of great wall film and television, Chen Xiangming and Gu Guixin, then directors of great wall film and television, failed to fulfill their duties and obligations of diligence, and violated the provisions of articles 1.4, 2.2, 3.1.5 and 3.1.6 of the stock listing rules (revised in November 2018) of Shenzhen Stock Exchange. < / P > < p > the supervisors of great wall film and television, Zheng Xilai, Xia Chuanbin and Zhu Ling, failed to fulfill their duties and duties, and violated the provisions of article 1.4, article 2.2 and article 3.1.5 of the stock listing rules (revised in November 2018) of Shenzhen Stock Exchange. < / P > < p > in the secondary market, since June 22, great wall film and television stock has been implemented delisting risk warning, and the stock abbreviation has been changed from “Great Wall Film and television” to the current “* ST Great Wall”. The main reason is that its financial and accounting report in 2019 is issued by the accounting firm with audit report that can not express opinions. In addition, the net profit attributable to the listed company in 2018-2019 is negative after audit, and the net assets attributable to the listed company in 2019 is negative. < / P > < p > * the share price of St Great Wall also went down all the way. As of press release, * ST Great Wall fell to the limit, offering a record low of 108 yuan, with a total market value of only 567 million yuan. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. It is an important window for China to carry out international communication and information exchange.