The Secretary of the board of directors of Taiji Group has been concerned by supervision for many times without timely disclosure of government subsidies

A few days ago, the Shanghai Stock Exchange announced that Jiang Xiyu, Secretary of the board of directors of Taiji group, decided to pay close attention to supervision. The Shanghai Stock Exchange pointed out that the amount of government subsidies received by the company for many times has reached the standard that should be disclosed for many times, but the company failed to disclose it in time according to the regulations, which damaged the investors’ right to know. As the specific person in charge of the company’s information disclosure affairs, Jiang Xi failed to be diligent and responsible for the above-mentioned violations of the company. According to the investigation, on January 2, 2020, Taiji Group disclosed that from January 2019 to the announcement date, Taiji group had received a total of 85.1845 million yuan of various government subsidies, including 74.0181 million yuan of government subsidies related to income, accounting for 105.34% of the net profit attributable to shareholders of Listed Companies in 2018. According to the above announcement, as of January 23, 2019, the company has received income related government subsidies of 11.27 million yuan, accounting for 16.04% of the net profit attributable to shareholders of Listed Companies in 2018, which meets the disclosure standard of temporary announcement, but the company fails to disclose it in time. At the same time, on April 22, November 27, and December 22, 2019, the company received revenue related government subsidies of 7.91 million yuan, 27.6017 million yuan and 9.9745 million yuan respectively, accounting for 11.26%, 39.28% and 14.2% of the absolute value of the net profit attributable to shareholders of the listed company in 2018, respectively Not disclosed in time. < / P > < p > on July 24, 2020, the company disclosed that from January 1, 2020 to the announcement disclosure date, the company has received a total of 62.1669 million yuan of various government subsidies, including 54.2411 million yuan of government subsidies related to income, accounting for 76.58% of the absolute value of net profit attributable to shareholders of Listed Companies in 2019. According to the above announcement, on March 18, 2020, the company received a total of 7.6004 million yuan of government subsidies related to income, accounting for 10.73% of the absolute value of net profit attributable to shareholders of Listed Companies in 2019, which met the disclosure standard of temporary announcement, but the company did not disclose it in time. At the same time, on May 29 and June 23, 2020, the company received 13.53 million yuan of government subsidies related to income and 16.161 million yuan of government subsidies, accounting for 19.10% and 22.75% of the absolute value of net profit attributable to shareholders of Listed Companies in 2019, respectively. All the above-mentioned government subsidies related to income met the disclosure standards of temporary announcement, but the company did not disclose them in time. The Shanghai Stock Exchange pointed out that the accumulated or single amount of government subsidies received by the company for many times reached the standard that should be disclosed, but the company failed to disclose it in time according to the regulations, which damaged the investors’ right to know. The above behavior of the company violates articles 1.4, 2.1, 2.3 and 11.12.7 of the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as the Listing Rules). Jiang Xi, then Secretary of the board of directors of the company, as the specific person in charge of the company’s information disclosure affairs, failed to be diligent and responsible for the above-mentioned violations of the company. Her behavior violated the provisions of articles 2.2, 3.1.4 and 3.2.2 of the stock listing rules and the commitment made in the statement and commitment of directors (supervisors and senior managers). < p > < p > the Shanghai Stock Exchange said that in view of the above-mentioned facts and circumstances, and in accordance with Article 17.1 of the stock listing rules and the relevant provisions of the Shanghai Stock Exchange’s measures for the implementation of disciplinary and regulatory measures, the Shanghai Stock Exchange has decided to give regulatory attention to Jiang Xi, then Secretary of the board of directors of Taiji group. < p > < p > the Shanghai stock exchange requires that the company should learn from it, standardize its operation in strict accordance with laws, regulations and the stock listing rules, and conscientiously perform the obligation of information disclosure; the directors, supervisors and senior managers of the company should conscientiously perform the duty of loyalty and diligence, promote the standardized operation of the company, and ensure the timely, fair, true, accurate and complete disclosure of the company All significant information. < p > < p > according to the data, the full name of Taiji Group is Chongqing Taiji industry (Group) Co., Ltd. the company is mainly engaged in the production and sales of Chinese and Western patent medicines. According to the semi annual report of the company in 2020, as of June 30, the Secretary of the board of directors of the company is still Jiang Xi. According to the semi annual report of Taiji group, in the first half of the year, the company realized 5.754 billion yuan of operating revenue, a year-on-year decrease of 6.43%; the net profit attributable to shareholders of listed companies was 10.2176 million yuan, a sharp drop of 88.53% year-on-year. As for the secondary market, Taiji Group’s pharmaceutical sector rose higher in the morning trading on the 13th, with most stocks in the plate floating red. As of press release, Taiji group fell 1.23% to 16.04 yuan / share. < / 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. 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