The controlling shareholder of Yangjie Technology Co., Ltd. cashed in 12 million yuan by attention letter, which was not disclosed in advance

According to the regulatory letter on Jiangsu Yangjie Investment Co., Ltd. (GEM regulatory letter [2020] No. 162) recently published on the website of Shenzhen Stock Exchange, Jiangsu Yangjie Investment Co., Ltd. (hereinafter referred to as “Yangjie investment”) as the controlling shareholder of Yangzhou Yangjie Electronic Technology Co., Ltd. (hereinafter referred to as “Yangjie technology”, 300373), passed the centralized bidding on July 8, 2020 The transaction method reduced the holding of 348900 shares of Yangjie technology, accounting for 0.07% of the total equity of Yangjie technology, and the transaction amount was RMB 12169700. Yangjie investment did not disclose the reduction plan in advance 15 trading days before the first reduction. The above behavior of Yangjie investment violates articles 1.4 and 2.3.1 of the GEM Listing Rules (revised in 2020) and Article 13 of the detailed rules for the implementation of shareholders, directors, supervisors and senior managers of listed companies to reduce their shares. The management department of gem asks Yangjie Investment Co., Ltd. to pay full attention to the above problems, draw lessons from them, rectify them in time, and put an end to the recurrence of the above problems. According to a reporter’s inquiry on China economic network, Yangjie investment was established on March 15, 2000 with a registered capital of 20 million, and its business scope includes industrial investment, self owned investment management, investment consultation, etc. Liang Qin, the legal representative and major shareholder, holds 82.48% of the shares. Yangjie technology was listed on Shenzhen Stock Exchange on January 23, 2014, with a registered capital of 472 million yuan. The chairman, legal representative, controlling shareholder and actual controller of Yangjie technology are Liang Qin, with a shareholding ratio of 41.86%. < p > < p > according to the prospectus released by Yangjie technology, the total share capital of the company before the issuance was 69 million shares, of which, 46.5 million shares were held by Yangjie investment, accounting for 67.39% of the total share capital of the company before the issuance, and was the controlling shareholder of the company. Liang Qin holds 82.48% equity of the company’s controlling shareholder Yangjie investment and 54.00% equity of jiejie investment, which is the actual controller of the company. On July 20, Yangjie technology announced that on July 8, 2020, Yangjie investment reduced its holdings of about 350000 shares of the company through centralized bidding, accounting for 0.07% of the total share capital after excluding the number of shares in the company’s special repurchase account. The average price of the reduction was 34.88 yuan / share, and the source of the reduction was the shares held before the company’s initial public offering. < p > < p > < p > Article 1.4 of the GEM Listing Rules (revised in 2020) stipulates that the GEM listed companies (hereinafter referred to as “listed companies”) and their directors, supervisors, senior managers, shareholders, actual controllers, purchasers and other natural persons, institutions and their related personnel, as well as the sponsor institutions and their sponsor representatives, securities service institutions and their related personnel shall abide by the law Laws, administrative regulations, departmental rules, normative documents, these rules and the detailed rules, guidelines, notices, measures, memoranda and other relevant provisions issued by the exchange (hereinafter referred to as “other relevant provisions of the exchange”), honest and trustworthy, diligent and responsible. < p > < p > < p > Article 2.3 of the Listing Rules of GEM stocks (revised in 2020) stipulates that the information disclosed by listed companies and relevant information disclosure obligors shall be based on objective facts or judgments and opinions with factual basis, reflect the objective situation truthfully, and there shall be no false records and false statements. < p > < p > < p > Article 13 of the detailed rules for the implementation of the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies stipulates that if the major shareholders, directors, supervisors and senior managers of a listed company reduce their shares through centralized competitive bidding trading of the exchange, they shall report the reduction plan to the exchange 15 trading days before the first sale, and record and announce it in the exchange. < / P > < p > the time interval for each disclosure of reduction shall not exceed six months. Within the period of reduction, the major shareholders, directors, supervisors and senior executives shall disclose the progress of the reduction when the number of reduction is more than half or the reduction time is more than half. If the controlling shareholder, actual controller and persons acting in concert of the company reduce their holdings to 1% of the total shares of the company, they shall also make an announcement on the matter within two trading days from the date of the fact. < / P > < p > as the controlling shareholder of Yangzhou Yangjie electronic Technology Co., Ltd. (hereinafter referred to as “Yangjie technology”), your company will pass the centralized bidding transaction party on July 8, 2020 The company reduced its holdings of 348900 shares of Yangjie technology, accounting for 0.07% of the total equity of Yangjie technology, and the transaction amount was RMB 12169700. Your company did not disclose the reduction plan in advance 15 trading days before the first reduction. < / P > < p > the above behavior of your company violates the relevant provisions of articles 1.4 and 2.3.1 of the rules for listing shares on the gem (revised in 2020) and Article 13 of the detailed rules for the implementation of shareholders, directors, supervisors and senior managers of listed companies to reduce their shares. Please pay full attention to the above problems, learn from the lessons, timely rectification, and put an end to the recurrence of the above problems. Our department reminds you that shareholders of listed companies must buy and sell stocks in compliance with national laws and regulations and the GEM Listing Rules. We hereby inform you. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.