On the evening of February 16, Safbon Water Service (Holding) Inc.Shanghai(300262) (300262, SZ) announced that the company and vice chairman Zhang Chunlin received the notice of filing a case from the CSRC on the same day. The company is suspected of illegal information disclosure and vice chairman Zhang Chunlin is suspected of illegal information disclosure. According to the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations, the CSRC decided to file a case against the company and vice chairman Zhang Chunlin.
On February 15, Safbon Water Service (Holding) Inc.Shanghai(300262) received a warning letter from Shanghai Securities Regulatory Bureau for failing to disclose major issues that may affect the solvency in time. The contents of the warning letter include the non-standard management and use of the raised funds, the failure to disclose major matters that may affect the solvency in time, and the inaccurate information disclosed in the relevant annual periodic reports.
By the end of September 2018, the loan balance of Safbon Water Service (Holding) Inc.Shanghai(300262) had increased by 473 million yuan compared with the loan balance at the end of 2017, accounting for 21.97% of the net assets at the end of 2017. At that time, Safbon Water Service (Holding) Inc.Shanghai(300262) did not disclose in time the above-mentioned matters that the accumulated new loans in the current year exceeded 20% of the net assets at the end of the previous year, and did not disclose them until June 11, 2019.
Zhang Chunlin, who was put on file this time, was once the chairman and Secretary of Safbon Water Service (Holding) Inc.Shanghai(300262) and the actual controller of Safbon Water Service (Holding) Inc.Shanghai(300262) . On April 7, 2021, Zhang Chunlin signed the share transfer agreement, share subscription agreement and other agreements with Shandong Gaochuang Construction Investment Group Co., Ltd. (hereinafter referred to as “Shandong Gaochuang”), and Zhang Chunlin planned to transfer 66.3415 million shares of the listed company held by him to Shandong Gaochuang (accounting for 9.91% of the total share capital of Safbon Water Service (Holding) Inc.Shanghai(300262) ); Zhang Chunlin unconditionally and irrevocably waives his voting rights of 199 million shares (accounting for 29.72% of the total share capital of Safbon Water Service (Holding) Inc.Shanghai(300262) ) and his rights of nomination, proposal and other property rights other than the right of return and share transfer, and shall not entrust any other party to exercise the voting rights of such shares; In addition, Shandong Gaochuang will also participate in Safbon Water Service (Holding) Inc.Shanghai(300262) fixed growth.
After the completion of the transaction, Shandong Gaochuang holds 30.70% of the shares of the listed company and has its corresponding voting rights; Zhang Chunlin holds 19.83% of the shares of the listed company without voting rights. As of February 16, Safbon Water Service (Holding) Inc.Shanghai(300262) relevant fixed increase has not been completed.
On October 8, 2021, Zhang Chunlin was changed to the vice chairman of the listed company. The board of directors elected Cheng Hui as the chairman, and Cheng Hui is the legal representative and chairman of Shandong Gaochuang.
