On the 1st, Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) issued the announcement on the progress of case filing and investigation and other risk warning, which mentioned that the company will fully urge Guo Liuxi to repay the occupied funds as soon as possible and solve the problem of fund occupation. Earlier, Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) announced that the legal representative Guo Liuxi was suspected of not disclosing important information in violation of regulations and was taken compulsory measures.
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) said that the company has the situation of passive capital flow to Henan Huajing Superhard Materials Co., Ltd. (hereinafter referred to as “Henan Huajing”) and Guo Liuxi for the above funds, Guo Liuxi promised to return them before November 2, 2021 on November 2, 2020. Up to now, the funds occupied have not been returned. As of the disclosure date of this announcement, the balance of funds occupied by the company was 305 million yuan.
On February 21, Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) announced that Guo Liuxi, the legal representative and chairman of the company, was taken compulsory measures by the public security organ according to law on suspicion of the crime of not disclosing important information in violation of regulations, and the relevant matters need to be further investigated by the public security organ. The company held an emergency meeting of the board of directors on the night of February 18. The directors attending the meeting unanimously agreed to remove Mr. Guo Liuxi as chairman and no longer act as secretary of the board of directors, and elect Ms. Liu Miao as chairman and Secretary of the board of directors.
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) disclosed in the latest announcement that the company will fully urge Guo Liuxi to repay the occupied funds as soon as possible and solve the problem of fund occupation Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) also disclosed the progress of providing external guarantees in violation of the prescribed procedures: as of December 31, 2021, the balance of providing external guarantees in violation of the prescribed procedures was about 2.136 billion yuan (the interest was temporarily calculated to December 31, 2021), accounting for 440.93% of the company’s audited net assets in 2020.
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) disclosed that the company has appointed special personnel to actively communicate and negotiate solutions with relevant creditors, as of the disclosure date of this announcement, the company’s responsibility for providing external guarantee in violation of the specified procedures has not been completely relieved Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) said that the company and the board of directors continued to negotiate with relevant parties on illegal guarantee matters, urging relevant parties to repay the loan and eliminate the company’s guarantee liability through effective ways as soon as possible.
It is worth mentioning that the CSRC previously filed a case against Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) for investigation on suspicion of illegal information disclosure The CSRC received the notice of prohibition of entry into the market on August 13, 2024. The retroactively adjusted financial statements may touch the situation of major illegal compulsory delisting, and Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) shares may be subject to major illegal compulsory delisting.
In this regard, Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) latest said that the company is verifying the facts and financial data suspected of violating the law in the advance notice, and the final result is subject to the formal decision issued by the CSRC. Up to now, the company has not obtained the confirmed major accounting error or false record certificate, and has not retroactively adjusted the previous annual periodic report. This matter may affect the accuracy of the performance forecast. The company will continue to pay attention to it and disclose relevant information in time after receiving the formal punishment decision.
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) finally, it is mentioned that as of the disclosure date of this announcement, the company has involved 89 litigation / arbitration cases with a total amount of about RMB 6.061 billion, and the company has been listed as the dishonest executee; Due to litigation matters, most of the company’s bank account funds, land and foreign investment equity have been frozen and sealed up, and the company’s capital chain is tight and its sustainable operation ability is at risk. By the end of February 2022, the balance of monetary funds available to the company was about 64 million yuan.
However, Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) said that as of the disclosure date of this announcement (March 1, 2022), the company’s production and operation were normal
Data show that on March 1, Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) share price fluctuated after opening low, falling 2.54% to 1.92 yuan as of the closing.
