On July 21, Rendong Holdings Co.Ltd(002647) (hereinafter referred to as: Rendong Holdings Co.Ltd(002647) ) announced that the company received the investigation notice (No.: hztjhz No. 2021062) from China Securities Regulatory Commission (hereinafter referred to as “CSRC”) on July 13, 2021. Due to the company’s suspected violation of laws and regulations in information disclosure, according to the relevant provisions of the securities law of the people’s Republic of China, The CSRC decided to file a case for investigation.
Rendong Holdings Co.Ltd(002647) said that the company received the prior notice of administrative punishment (punishment Zi [2022] No. 9) (hereinafter referred to as the “notice”) issued by the CSRC on February 18, 2021. According to the notice, Rendong Holdings Co.Ltd(002647) is suspected of illegal facts as follows: first, there are false records in Rendong Holdings Co.Ltd(002647) 2019 annual and 2020 semi annual reports. The 2019 annual report falsely increased the income and profit of factoring business, the amount of bad debt provision in the 2019 annual report was inaccurate, and the 2020 semi annual report falsely increased the income and profit of factoring business. Second, it failed to disclose the default of failing to pay off the due major debts in time as required.
The above facts are supported by Rendong Holdings Co.Ltd(002647) relevant regular reports, meeting documents, financial data, situation notes, bank flow, relevant customer financial data, situation notes, bank flow, inquiry records of relevant personnel and other evidence.
If the information disclosed by Rendong Holdings Co.Ltd(002647) is falsely recorded, according to the facts, nature, circumstances and degree of social harm of the illegal acts of the parties, and in accordance with paragraph 2 of article 197 of the securities law, the CSRC plans to decide:
I. order Rendong Holdings Co.Ltd(002647) to make corrections, give a warning and impose a fine of 1 million yuan;
2. Give a warning to Huo Dong and impose a fine of 1 million yuan;
III. warn Wang Shishan and Huang Hao and impose a fine of 500000 yuan respectively.
For Rendong Holdings Co.Ltd(002647) acts that fail to fulfill the obligation of information disclosure as required, according to the facts, nature, circumstances and degree of social harm of the parties’ illegal acts, and in accordance with paragraph 1 of article 197 of the securities law, the CSRC plans to decide:
I. give a warning to Rendong Holdings Co.Ltd(002647) and impose a fine of 500000 yuan;
2. Give a warning to Huo Dong and impose a fine of 200000 yuan.
Based on the above two opinions on administrative punishment, the CSRC plans to decide:
I. order Rendong Holdings Co.Ltd(002647) to make corrections, give a warning and impose a fine of 1.5 million yuan;
2. Give a warning to Huo Dong and impose a fine of 1.2 million yuan;
III. warn Wang Shishan and Huang Hao and impose a fine of 500000 yuan respectively.
