*St zangge insider trading lost 3.39 million and made 10 calls with former chairman Xiao Yongming

China Economic Net, Beijing, December 16 According to the decision on administrative punishment of Sichuan regulatory bureau of China Securities Regulatory Commission (No. 202014) recently released on the website of China Securities Regulatory Commission, at the end of May 2018 (no later than May 21), Xiao Yiming, the then chairman of zangge Holding Co., Ltd. (hereinafter referred to as “zangge holding”, stock abbreviation “* ST zangge”, 000408. SZ), was in Tibet Julong Copper Co., Ltd. (hereinafter referred to as “zangge holding”, stock abbreviation “* ST zangge”, 000408. SZ) The fifth floor of the office building of “Julong copper”) communicated with Zeng Mou and Zhang Mou bin, deputy leaders of the preparatory group of Tibet Shengyuan Mining Group Co., Ltd., and Da Mou, chairman of Tibet Mozhu gongka Dapu industry and Trade Co., Ltd., and put forward the idea of preparing to put Julong copper into Tibet holding. The other party agreed, and pan Mou Hao, Secretary of Julong copper, also participated in the communication. < / P > < p > on June 29, 2018, the company issued the announcement of zangge holdings on the verification of abnormal fluctuation of stock trading suspension, saying that the company’s stock trading will be suspended and the abnormal fluctuation of stock trading will be verified. On July 15, 2018, the company held the 21st Meeting of the 7th board of directors, deliberated and passed the proposal of issuing shares to purchase assets and raising supporting funds and related party transaction plan. On July 16, 2018, the company issued the announcement of the verification results of zangge holdings on matters related to abnormal fluctuations in stock trading and the suspension of major asset restructuring, the plan for zangge holdings to issue shares to purchase assets and raise supporting funds and related party transactions, and other announcements, saying that the company plans to purchase 100% equity of Julong copper. < p > < p > in the event that zangge holdings intends to acquire 100% equity of Julong copper, the proportion of the target assets to the total assets of the listed company at the end of the audited consolidated financial accounting report in the latest accounting year is 361.54%. According to the provisions of Article 12, paragraph 1, item 1, and Article 14, paragraph 1, item 1, of the measures for the administration of material assets reorganization of listed companies (Order No. 127 of the CSRC), the target assets account for 361.54% of the total assets of the listed company at the end of the audited consolidated financial accounting report It constitutes the major assets reorganization of the listed company, which belongs to Item 2, paragraph 2, Article 67 of the securities law of 2005 “major investment behavior and major property purchase decision of the company”. According to the provisions of item 1, paragraph 2, Article 75 of the securities law of 2005, the information belongs to insider information before it is disclosed in accordance with the law. The sensitive period of insider information starts no later than May 21, 2018 and ends on July 16, 2018. Xiao, as the then chairman of zangge holdings, started and participated in the acquisition of 100% equity of Julong copper. He is an insider. < / P > < p > Zhang Juntao and Xiao mouming have known each other since 2012 and are partners. During the sensitive period of insider information, the two had many communication contacts, including 10 before the suspension of zangge holdings, i.e. May 22, May 28, May 30, June 20, June 21, June 22, June 24, June 25 and June 28, 2018. Zhang Juntao decided and provided funds to trade zangge holding shares. On June 27, 2018, Zhang Juntao transferred RMB 7 million, RMB 6 million and RMB 7 million, totaling RMB 20 million, to the deposit bank accounts of “Lv”, “Zhu” and “Deng” through his sister Zhang mouhong’s bank account, and transferred them to the securities accounts of the above three persons on the same day. < / P > < p > Zhang Juntao gave instructions on trading zangge holdings by telephone. On June 27, 2018, a total of 522900 shares were purchased from the securities account of “Lv”, with a transaction amount of 6.9967 million yuan. On June 27 and 28, 2018, the securities account of “Zhu Yiyan” bought 432300 shares, with a transaction amount of 5.9935 million yuan. On June 27 and 28, 2018, a total of 506700 shares were purchased from the “Deng Yiyan” securities account, with a transaction amount of 6.9968 million yuan. During the period from August 6 to October 30, 2018, the above-mentioned shares of zangge holdings were sold in succession, with a loss of 3.3869 million yuan. The transfer of trading funds, trading time and the formation of insider information are highly consistent, and the trading behavior is obviously abnormal. < / P > < p > the above behavior of Zhang Juntao violates the provisions of Article 73 and paragraph 1 of Article 76 of the securities law of 2005, and constitutes the insider trading behavior mentioned in article 202 of the securities law of 2005. According to the facts, nature, circumstances and degree of social harm of the party’s illegal act, and in accordance with Article 202 of the securities law of 2005, Sichuan regulatory bureau decided to impose a fine of 600000 yuan on Zhang Juntao. < p > < p > * ST zangge was established on June 25, 1996 with a registered capital of 1.994 billion yuan. It was listed on the Shenzhen Stock Exchange on June 28, 1996. Zangge Holdings Co., Ltd. is now mainly engaged in the production and sales of potash fertilizer (potassium chloride), the main product of which is potash fertilizer (potassium chloride). Tibet zangge Venture Capital Group Co., Ltd. is the largest shareholder, holding 859 million shares, accounting for 43.08%. < p > < p > Xiao Yiming, then chairman of zangge holdings, was Xiao Yongming, former chairman of * ST zangge. Xiao Yongming served as chairman and director of * ST zangge from August 16, 2016 to August 15, 2019. < p > < p > on July 16, 2018, * ST zangge issued a plan for issuing shares to purchase assets and raise supporting funds and related party transactions, saying that zangge holdings purchased 100% of its shares in Julong copper from the other party by issuing shares. On August 3, 2018, * ST zangge announced that zangge holdings purchased 51% equity of Julong copper from the other party by issuing shares. < / P > < p > on September 18, 2018, * ST zangge issued an announcement on the termination of major asset restructuring. In order to protect the interests of listed companies and investors, the parties agreed to terminate the major asset restructuring through friendly negotiation out of a cautious and responsible attitude. The reasons include: < / P > < p > 1. The company disclosed in the plan for issuing shares to purchase assets and raising supporting funds and related party transactions (Revised Draft) announced on August 3, 2018 that the rongmucola copper mine of Julong copper is in the preparation stage of going through the relevant procedures of renewal of exploration certificate and exploration to mining, and the mining scale of rongmucola copper mine is expected to be 15 million tons / year after going through the mining certificate. According to the latest mine planning and progress of Julong copper, it has started to expand the scale of the mine. At the same time, rongmucola exploration right and Qulong mining right belong to the same ore body. It is planned to merge rongmucola and Qulong mining rights and complete a new and larger mining certificate, so as to match the larger mining scale of Julong copper in the future. Therefore, the completion time of the relevant mining certificate will be greatly delayed, which will lead to the failure of the major asset restructuring assets involving mine certificate processing and evaluation within the expected time, and affect the progress of the major asset restructuring project. < p > < p > 2 3. The transaction is expected to dilute the company’s earnings per share in the short term. In order to further protect the interests of small and medium-sized investors, the company timely adopted the relevant opinions and suggestions of small and medium-sized investors. < p > < p > 3 4. Due to the recent great changes in the domestic capital market environment, economic environment, financing environment and other objective conditions, the parties to the transaction believe that the conditions for further promoting this major asset restructuring are not mature enough. < p > < p > Article 67 of the securities law stipulates that when a major event occurs that may have a greater impact on the stock trading price of a listed company and the investors have not yet known about it, the listed company shall immediately submit an interim report on the major event to the securities regulatory body of the State Council and the stock exchange, and make an announcement, explaining the cause, current status and causes of the event Possible legal consequences. The following situations are the major events mentioned in the preceding paragraph: < / P > < p > (8) the situation of shareholders or actual controllers holding more than 5% of the company’s shares or controlling the company has changed greatly; < / P > < p > (11) the company is suspected of committing a crime and is put on file for investigation by the judicial organ; the company’s directors, supervisors and senior managers are suspected of committing a crime and are subject to compulsory action by the judicial organ Article 73 of the securities law stipulates that insiders of insider information and those who illegally obtain insider information are prohibited from using insider information to engage in securities trading activities. Article 75 of the securities law stipulates that in securities trading activities, the undisclosed information that involves the operation and finance of the company or has a significant impact on the market price of the company’s securities is insider information. The following information is all inside information: < / P > < p > Article 76 of the securities law stipulates that insiders of inside information in securities trading and those who illegally obtain inside information shall not buy or sell the company’s securities, or disclose the information, or suggest others to buy or sell the securities before the inside information is made public. Where there are other provisions in this Law on the acquisition of shares of a listed company by natural persons, legal persons or other organizations that hold or jointly hold more than 5% of the company’s shares with others through agreements or other arrangements, such provisions shall apply. According to Article 202 of the securities law of the people’s Republic of China, an insider of insider information in securities trading or a person who illegally obtains insider information shall be ordered to deal with the illegally held securities in accordance with the law if he buys or sells the securities, or divulges the information, or suggests others to buy or sell the securities before the issuance, trading or other information that has a significant impact on the price of the securities is disclosed The illegal gains shall be confiscated and a fine of not less than one time but not more than five times the illegal gains shall be imposed; if there are no illegal gains or the illegal gains are less than 30000 yuan, a fine of not less than 30000 yuan but not more than 600000 yuan shall be imposed. Where a unit is engaged in insider trading, it shall also give a warning to the person in charge and other persons directly responsible, and impose a fine of not less than 30000 yuan but not more than 300000 yuan. Any staff member of the securities regulatory body who conducts insider trading shall be given a heavier punishment. < / P > < p > in accordance with the relevant provisions of the securities law of the people’s Republic of China (hereinafter referred to as the securities law of 2005) amended in 2005, our bureau has conducted a case investigation and trial on Zhang Juntao’s insider trading in the shares of zangge Holding Co., Ltd. (hereinafter referred to as zangge holding or the company), and informed the parties of the facts, reasons, basis and reasons for the administrative punishment The rights enjoyed by the parties according to law. The parties put forward their statements and pleadings and requested a hearing. At the request of the parties, our bureau held a hearing on November 23, 2020 and listened to the statements and defenses of the parties. The investigation and trial of this case have been concluded. < p > < p > at the end of May 2018 (no later than May 21), Xiao, then chairman of zangge holdings, communicated with Zeng and Zhang, deputy leaders of the preparatory group of Tibet Shengyuan Mining Group Co., Ltd., and DA, chairman of Tibet Mozhu gongka Dapu industry and Trade Co., Ltd., on the fifth floor of the office building of Tibet Julong Copper Co., Ltd. (hereinafter referred to as Julong copper), and proposed that Julong copper should be equipped with new equipment The other side agreed to the idea of joining zangge holdings, and pan Yihao, Secretary of Julong copper, also participated in the communication. < / P > < p > on June 29, 2018, the company issued the announcement of zangge holdings on the verification of abnormal fluctuation of stock trading suspension, saying that the company’s stock trading will be suspended and the abnormal fluctuation of stock trading will be verified. < / P > < p > on July 15, 2018, the company held the 21st Meeting of the 7th board of directors, deliberated and passed the proposal of issuing shares to purchase assets and raising supporting funds and related party transaction plan. On July 16, 2018, the company issued “zangge Holdings”