Chairman arrested for bribery

The chairman of the board of directors of the company was detained for bribery. Shenzhen Stock Exchange issued a letter of concern. On December 23, Huina technology dropped its limit to close at 16.72 yuan. On the evening of December 22, Huina Technology Co., Ltd. (hereinafter referred to as “Huina technology”) announced that on December 21, the company received a notice from the family members of Zhang Hongjun, the controlling shareholder, actual controller, chairman and general manager of the company. Zhang Hongjun was detained by Pudong branch of Shanghai Municipal Public Security Bureau for suspected bribery of non-state staff. The relevant issues need to be further investigated by the public security organs. The company held an emergency meeting of the board of directors on the afternoon of December 22. The directors attending the meeting agreed that Ding Yao, the director of the company, would perform the duties of the chairman, general manager and legal representative of the company on behalf of Zhang Hongjun during the investigation. < p > < p > in the morning of December 23, Shenzhen Stock Exchange issued a letter of concern to Huina technology, asking the company to explain the specific matters and relevant circumstances of Zhang Hongjun’s suspected bribery mastered by the company and Zhang Hongjun’s family, and fully evaluate the possible impact of the above-mentioned matters on the company’s daily production and operation, business development and other aspects, as well as the company’s legal status The countermeasures taken and to be taken, and the relevant risks are fully indicated. < / P > < p > according to the announcement, Huina technology learned about Zhang Hongjun’s criminal detention on December 21, but it did not disclose the relevant information until the evening of December 22. Shenzhen stock exchange required the company to verify the time sequence and specific knowing time of the above-mentioned matters, explain whether it failed to fulfill the obligation of information disclosure in time and the situation of early disclosure of insider information, and supplement and record the insider information Insiders should self check and explain whether the company’s operation has changed in the near future, whether there are any undisclosed matters that should be disclosed, and fully prompt relevant risks in combination with the company’s recent stock price fluctuation. According to the enterprise survey, Huina technology was listed on the growth enterprise market in 2017. Its main business is the promotion and layout of video passenger flow analysis system in the field of commercial retail. Zhang Hongjun holds 32.43% of the shares. He is the controlling shareholder and actual controller of the company, as well as the chairman, general manager and legal representative of the listed company. As of December 18, Zhang Hongjun had pledged 16.5702 million shares, accounting for 41.91% of his shares. < / P > < p > on August 10 this year, the share price of Huina technology was as high as 47.25 yuan / share, but then fell all the way to 16.72 yuan / share on December 23, with a total decline of 64.61%. In terms of performance, the third quarter report shows that in the first three quarters of 2020, Huina technology’s revenue fell by 25.58% year on year, and the net profit attributable to shareholders of listed companies fell by 129.70% year on year. < / 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.