Yate sports failed to disclose the warning letter of annual report on schedule, and the sponsor securities company was Huarong securities

According to the “decision on Issuing warning letter measures to Shaanxi Yate Sports Club Co., Ltd. (szzjjjz [2020] No. 25)” published on the website of Shaanxi regulatory bureau of China Securities Regulatory Commission, it is found that Shaanxi Yate Sports Club Co., Ltd. (hereinafter referred to as “Yate sports”, 837930) has not hired an accounting firm for the year of 2019 The financial statements have been audited and the annual report for 2019 has not been disclosed so far. < / P > < p > the above behaviors violate the provisions of Article 21, paragraph 1, of the measures for the supervision and administration of unlisted public companies (CSRC Order No. 161, hereinafter referred to as the supervision and management measures), Article 11, paragraph 1, and Article 12, paragraph 1, of the measures for the administration of information disclosure of non listed public companies (CSRC Order No. 162, hereinafter referred to as the “measures for the administration of information disclosure”). According to Article 83 of the supervision and management measures and Article 49 of the information disclosure management measures, Shaanxi Supervision Bureau decided to issue a warning letter to Yate sports. < / P > < p > according to the inquiry of China economic network, the former Yate Sports Co., Ltd. was established on September 25, 2001, and on October 12, 2015, the company was changed to Shaanxi Yate Sports Club Co., Ltd. The registered capital of Yate sports is 24 million, the legal representative and general manager are Wei Zhongfeng, and the chairman, controlling shareholder and actual controller are Liang Yadong, with a shareholding ratio of 43.20%. Yate sports is a wholly-owned subsidiary of Xi’an Yate Sports Club Co., Ltd. On July 21, 2016, Yate sports was listed on the new third board with Huarong securities as the sponsor. Yate sports shares have been suspended from May 6, 2020 by the national small and medium-sized enterprise stock transfer system Co., Ltd. < p > < p > < p > < p > Article 9 of the guidelines for the continuous supervision of the sponsor securities companies of the national small and medium-sized enterprise stock transfer system (for Trial Implementation) stipulates that the sponsor securities company shall supervise the listed company to establish, improve and effectively implement the internal management system, including but not limited to the accounting system, financial management and risk control system, as well as external guarantee, major investment, entrusted financial management, related transaction, etc Business decision-making procedures and rules. < p > < p > on September 28, 2020, Huarong securities announced that Yate sports was faced with large amount of debt and could not continue to employ an accounting firm due to the closure of a large number of stores, multiple lawsuits involving the company and its actual controller, and judicial freezing of assets and equity. It failed to disclose the 2019 annual report before April 30, 2020, and Yate sports stock has been from May 6, 2020 Since then, it has been suspended by the national small and medium-sized enterprise stock transfer system Co., Ltd. < p > < p > < p > Article 21 of the measures for the supervision and administration of unlisted public companies stipulates that information disclosure documents mainly include public transfer instructions, directional transfer instructions, directional issuance instructions, issuance reports, periodic reports and temporary reports. The specific content and format, Compilation Rules and disclosure requirements shall be separately formulated by the CSRC. Article 83 of the measures for the supervision and administration of unlisted public companies stipulates that information disclosure obligors and their directors, supervisors, senior managers, controlling shareholders and actual controllers of the company, securities companies, securities service institutions and their staff who issue special documents for the information disclosure obligors violate the securities law, administrative regulations and relevant regulations of the CSRC If so, the CSRC may take regulatory measures such as ordering correction, regulatory talks, issuing warning letters and identifying as inappropriate candidates, and record them in the integrity file; if the circumstances are serious, the CSRC may take measures to prohibit the relevant responsible personnel from entering the securities market. Article 11 of the administrative measures for information disclosure of unlisted public companies (SFC Order No. 162) stipulates that the periodic reports of listed companies include annual reports, interim reports and quarterly reports. A company listed on the selective level shall disclose its annual report, interim report and quarterly report. Companies listed at the innovation and basic levels shall disclose their annual reports and interim reports. All information that has a significant impact on investors’ investment decisions shall be disclosed in regular reports. Article 12 of the measures for the administration of information disclosure of unlisted public companies (Order No. 162 of the CSRC) stipulates that the annual report shall be within four months from the end of each accounting year, the interim report shall be within two months from the end of the first half of each accounting year, and the Quarterly report shall be within one month from the end of the third and ninth month of each accounting year Internal preparation is completed and disclosed. The disclosure time of the quarterly report of the first quarter shall not be earlier than that of the annual report of the previous year. < p > < p > < p > Article 49 of the measures for the administration of information disclosure of unlisted public companies (Order No. 162 of the CSRC) stipulates that if the listed company and its directors, supervisors and senior managers, the shareholders, actual controllers and directors, supervisors and senior managers of the listed company violate these measures, the CSRC may take the following measures: < / P > < p > after investigation, your company has not employed any of them The accounting firm is requested to audit the financial statements of 2019, and the annual report of 2019 has not been disclosed so far. < / P > < p > the above behaviors violate the provisions of Article 21, paragraph 1, of the measures for the supervision and administration of unlisted public companies (CSRC Order No. 161, hereinafter referred to as the supervision and management measures), Article 11, paragraph 1, and Article 12, paragraph 1, of the measures for the administration of information disclosure of non listed public companies (CSRC Order No. 162, hereinafter referred to as the “measures for the administration of information disclosure”). According to the provisions of Article 83 of the supervision and management measures and Article 49 of the measures for the management of information disclosure, our bureau has decided to take the supervision and management measures of issuing warning letters to your company. < / P > < p > if you are not satisfied with the supervision and management measures, you may file an application for administrative reconsideration to the China Securities Regulatory Commission within 60 days from the date of receiving this decision, or file a lawsuit with the competent people’s court within 6 months from the date of receiving this decision. During the period of reconsideration and litigation, the above-mentioned supervision and management measures shall not be suspended. < / 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. 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