Securities abbreviation: St panda securities code: 600599 No.: pro 2021-039 Panda Financial Holding Corp.Ltd(600599)
Announcement on receiving the inquiry letter from Shanghai Stock Exchange on changes in equity of the company
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Panda Financial Holding Corp.Ltd(600599) on December 22, 2021, it received the inquiry letter on changes in the rights and interests of St panda [2021] No. 3011 of Shanghai Stock Exchange. The specific contents are as follows:
On December 22, 2021, your company disclosed that Zhang Yiying formed a concerted action relationship with Chen Jiangen, he Weifang, Fu Feng, he Tingqiang, Zhao Xiaofeng and Du Xinda, holding 18.13% of the company’s shares in total. The funds for equity changes came from the cashing funds of the investors of yinhu.com, a wholly-owned subsidiary of the company. In accordance with Article 16.1 of the stock listing rules of the exchange, the company and relevant parties are requested to verify and supplement the disclosure of the following issues.
1、 The announcement said that since Chen Jiangen, he Weifang, Fu Feng, he Tingqiang, Zhao Xiaofeng and Du Xinda were under the control of Zhang Yiying, seven people formed a concerted action relationship. Zhang Yiying borrowed stock accounts from the other six people for stock trading, and the other six people didn’t know each other and didn’t know about the account being borrowed. Among them, Chen Jiangen has been the top ten shareholders of the company since 2017. The company and relevant parties are requested to make supplementary disclosure: (1) the specific circumstances of Zhang Yiying’s borrowing of other people’s accounts, including but not limited to the borrowing method, borrowing time, stock account business department, account opening method, time, whether it is opened in person, transaction entrustment method, etc., and state whether the above acts are legal and compliant; (2) Chen Jiangen, he Weifang, Fu Feng, he Tingqiang, Zhao Xiaofeng and Du Xinda were informed of the specific time when they bought st panda shares and whether Zhang Yiying borrowed his account to buy and sell shares; (3) the seven people constituted the rule basis for concerted action relationship and the reasons why they failed to fulfill the obligation of information disclosure in time in the early stage. Lawyers are invited to express their opinions.
2、 According to the announcement, Zhang Yiying is the person in charge of the investor rights protection committee of yinhu.com, a subsidiary of the company. After using yinhu.com to complete the cashing plan for the whole year, Zhang Yiying expects to cash the remaining more than 200 million yuan of investors’ funds for investing in stocks, The company and relevant parties are requested to make supplementary disclosure: (1) whether yinhu.com, a wholly-owned subsidiary of the company, has performed the necessary decision-making procedures, whether it is legal and compliant, and whether it has damaged the interests of creditors; (2) the selection process, tenure, scope of responsibilities, etc. of Zhang Yiying as the head of yinhu.com’s Investor Rights Protection Committee; (3) Lawyers are invited to comment on whether there is any use of cashing funds to purchase shares of other listed companies. III. It is announced that the company has not controlled the wholly-owned subsidiary yinhu.com, which is currently in the charge of Dengkou haochang Consulting Service Co., Ltd. (hereinafter referred to as haochang company) and its controller Liu Hai. The company and relevant parties are requested to make supplementary disclosure: (1) Reasons for the company’s failure to effectively control Silver Lake network; (2) reasons for the responsibility of Silver Lake network by haochang company and its actual controller and its commercial rationality, and whether the necessary decision-making procedures are performed; (3) arrangements for the company’s future control over Silver Lake network.
Please disclose this letter to the public immediately after receiving it and reply to this letter within 5 trading days. The company and all directors, supervisors, senior managers and information disclosure obligors of equity changes shall fully disclose matters related to equity changes, protect investors’ right to know and ensure the authenticity, accuracy and completeness of information disclosure. If any information disclosure violation is found, the exchange will seriously deal with it according to law.
Shanghai Stock Exchange listed company
It is hereby announced.
Panda Financial Holding Corp.Ltd(600599) December 23, 2021
