Li Qiuxi, chairman of Shanxi Fenjiu, received a letter of concern: release business information on his own

According to the information on the website of the Shanghai Stock Exchange on the 31st, the Shanghai Stock Exchange issued a regulatory concern letter to Li Qiuxi, then chairman of Shanxi Xinghuacun Fen distillery Co., Ltd. According to the concern letter, on December 26, 2020, Shanxi Xinghuacun Fen Liquor Group Co., Ltd., the controlling shareholder of Shanxi Fen Liquor, held the 2020 global distributor meeting. Li Qiuxi, chairman of the board of directors of the company, said at the meeting that in 2020, Fenjiu Group’s revenue is expected to grow by 17%, and its total profit is expected to grow by 60% year-on-year. The annual revenue is expected to rank in the forefront of the industry, and the year-on-year growth rate of profit will continue to remain the first in the industry. < / P > < p > according to the company’s annual report and relevant announcements in 2019, the proportion of the company’s operating revenue and net profit to the controlling shareholder’s operating revenue and net profit in 2019 is 98% and 113% respectively. The company is the main source of income and profit for the controlling shareholder, and the operating performance is highly related to the controlling shareholder. The concern letter pointed out that the relevant information released by the chairman of the board of directors of Fenjiu Group is directly related to the company’s undisclosed business performance in 2020, which may have a greater impact on the company’s stock trading price and investors’ decision-making. As the then chairman of the company, Li Qiuxi released important information related to the company’s operation through non statutory information disclosure channels. The above behavior violated the relevant provisions of article 2.2, Article 2.4, ARTICLE 2.6, article 2.14, article 2.15, article 3.1.4, article 3.1.5 of the Listing Rules of Shanghai Stock Exchange (listing rules of shares), as well as the provisions of the , senior management) statement and undertaking. The letter of concern points out that in view of the above facts and circumstances of violation, according to Article 17.1 of the stock listing rules and the relevant provisions of the measures for the implementation of disciplinary and regulatory measures of Shanghai Stock Exchange, the Shanghai Stock Exchange has made the following decision on regulatory measures: pay attention to Li Qiuxi, then chairman of Shanxi Xinghuacun Fen distillery Co., Ltd. The letter of concern points out that the directors, supervisors and senior managers of the company should take warning, earnestly perform their duties of loyalty and diligence, and seriously cooperate with the listed company to perform the obligation of information disclosure in strict accordance with laws, regulations and the rules of stock listing, so as to ensure the timely, fair, true, accurate and complete disclosure of all major information. < / 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.