The Hong Kong Exchanges and Clearing Limited and the stock exchange of Hong Kong Limited shall not be responsible for the contents of this announcement, nor make any statement on its accuracy or completeness, and expressly state that they shall not be liable for any loss arising from the whole or any part of this announcement or reliance on such contents.
(a company limited by shares incorporated in the people’s Republic of China)
(Stock Code: 6806)
Announcement made in accordance with rules 13.51B (2) and 13.51 (2) of the listing rules. This announcement was made by Shenwan Hongyuan Group Co.Ltd(000166) (“the company”), together with its subsidiaries (“the group”), in accordance with rules 13.51B (2) and 13.51 (2) of the rules for the listing of securities on the stock exchange of Hong Kong Limited (“the Listing Rules”). Reference is made to the regulatory newsletter (“regulatory newsletter”) published by the stock exchange of Hong Kong Limited (the “Stock Exchange”) on February 10, 2022, which is related to Beiqing Media Co., Ltd. (a company listed on the stock exchange, stock code: 1000) (“Beiqing media”) and its directors Disciplinary actions by supervisors, including Mr. Wu Changqi, the independent non-executive director of the company (“Mr. Wu”). According to the regulatory newsletter, the stock exchange publicly criticized Mr. Wu on relevant matters during his tenure as an independent non-executive director of Beiqing media (“criticism”), saying that he failed to ensure that Beiqing media maintained adequate and effective internal control, Therefore, it violates Article 3.08 (f) of the listing rules and the declaration and commitment of directors made to the stock exchange in the form of appendix v h of the listing rules. Therefore, Mr. Wu must complete 24-hour training on regulatory and legal issues, including compliance with listing rules. Mr. Wu resigned as an independent non-executive director of Beiqing media on November 25, 2021. For further details of the criticism, please refer to the regulatory newsletter published by the stock exchange on the website of the stock exchange on February 10, 2022. Mr. Wu has confirmed to the company that, except for those disclosed in the regulatory communication and this announcement, there is no other information related to it that needs to be disclosed in accordance with rules 13.51 (2) (H) to 13.51 (2) (V) of the listing rules, and he is not aware of any other matters that need to be brought to the attention of the shareholders of the company. The board of directors of the company (“the board”) has carefully evaluated the criticism against Mr. Wu. To the knowledge and knowledge of the board of directors, the criticism has nothing to do with the affairs of the group and will not adversely affect the business and / or operations of the group. As there is no evidence to prove that the criticism involves Mr. Wu’s relevant dishonesty, fraud or doubts about Mr. Wu’s integrity, which will affect his suitability as a director of the company, Mr. Wu is still suitable to be an independent non-executive director of the company.
Accept the order of the board of directors
Shenwan Hongyuan Group Co.Ltd(000166)
chairman
Chu Xiaoming
Beijing, February 14, 2022. On the date of this announcement, the members of the board of directors include executive directors Mr. Chu Xiaoming and Mr. Huang Hao; Non executive directors: Ms. Ge Rongrong, Mr. Ren Xiaotao, Mr. Zhang Yigang, Mr. Zhu Zhilong and Ms. Zhang Ying; Independent non-executive directors Ms. Yang Xiaowen, Mr. Wu Changqi, Mr. Chen Hanwen and Mr. Zhao Lei.
