A Clarification Announcement thoroughly exposed the “family scandal” of an old semiconductor company.
On the evening of March 24, Jilin Sino-Microelectronics Co.Ltd(600360) announced that Wang Yufeng, the former vice chairman of the company and the former legal representative of Shanghai Pengsheng, the controlling shareholder of the company, was suspected of multiple criminal crimes. After being reported by Shanghai Pengsheng, Jilin Sino-Microelectronics Co.Ltd(600360) and chairman Xia Zengwen in their real names, Wang Yufeng has been filed for investigation by public security organs in many places.
According to the announcement, Wang Yufeng served as the legal representative and chairman of Shanghai Pengsheng from June 2005 to November 2014 and Jilin Sino-Microelectronics Co.Ltd(600360) vice chairman from June 2006 to October 2014. Wang Yufeng resigned from all positions of Jilin Sino-Microelectronics Co.Ltd(600360) in October 2014 (for personal reasons) and Shanghai Pengsheng in November of the same year.
When he resigned from Jilin Sino-Microelectronics Co.Ltd(600360) office, Wang Yufeng directly held 100000 shares of the company. Tianyan check shows that Wang Yufeng does not hold Shanghai Pengsheng shares.
accused of embezzling huge assets of Shanghai Pengsheng
The announcement shows that in the process of investigation by the public security organ, Wang Yufeng took various means to destroy Jilin Sino-Microelectronics Co.Ltd(600360) normal production and operation, in an attempt to retaliate against the informant and evade criminal responsibility. The details are as follows:
First, Wang Yufeng filed a false civil lawsuit against Shanghai Pengsheng and Zeng Tao, the current legal representative of Shanghai Pengsheng, with the intention of interfering with and resisting the normal criminal investigation of the public security organ, and further committing the crime of embezzlement against Shanghai Pengsheng. During this period, he continued to extort money from Shanghai Pengsheng. In the first instance of the case, the Shanghai First Intermediate People’s court rejected all the claims of Wang Yufeng and Chen Zufang; After the second instance of Shanghai Higher People’s court, the final judgment rejected the appeals of Wang Yufeng and Chen Zufang and upheld the original judgment.
Second, Wang Yufeng used Internet media to spread false information, maliciously confused investors, media and regulators, and placed Jilin Sino-Microelectronics Co.Ltd(600360) in the vortex of public opinion, which caused irreparable losses to the reputation of listed companies and other aspects.
Third, in order to escape the crime of duty embezzlement, Wang Yufeng transferred and planted the problem of embezzling Shanghai Pengsheng’s huge assets to listed companies, fabricated the financial fraud of listed companies, and constantly falsely accused and discredited listed companies to regulatory authorities in order to deceive regulatory authorities and create obstacles to the normal production and operation of listed companies and future development.
Fourth, since 2015, in addition to continuously planting and fabricating the facts of financial fraud of listed companies, Wang Yufeng has also continued to intimidate, threaten and harass successive and current independent directors, directors and Accountants of audit institutions of listed companies by means of text messages, letters and telephone, which has seriously damaged the normal operation and management order of listed companies.
Wang Yufeng and others have been restricted from leaving the country
Jilin Sino-Microelectronics Co.Ltd(600360) said that due to the release of relevant false information, the regulatory authorities inspected and interviewed Jilin Sino-Microelectronics Co.Ltd(600360) and sent letters such as regulatory measures and inquiry letters to Jilin Sino-Microelectronics Co.Ltd(600360) which made Jilin Sino-Microelectronics Co.Ltd(600360) tired of dealing with various letters and damaged the image of listed companies. Wang Yufeng’s above behaviors have caused irreparable huge losses and adverse effects to Jilin Sino-Microelectronics Co.Ltd(600360) company. Based on this, the Jilin Sino-Microelectronics Co.Ltd(600360) board of Directors hereby declares as follows according to the relevant information and in the attitude of being responsible for the facts and laws, regulators and investors:
First, Wang Yufeng has been filed for investigation by public security organs in many places due to his involvement in a number of criminal crimes. It is understood and verified that Wang Yufeng directly committed or instructed employees to commit criminal acts such as embezzling the company’s assets and undermining the national economic order in order to obtain huge illegal benefits during the above tenure. The criminal acts and harm results involved many provinces and cities across the country.
At present, Jilin police have filed and investigated Wang Yufeng’s suspected crime of job occupation, and sent the notice of filing to Jilin Sino-Microelectronics Co.Ltd(600360) the people involved in Wang Yufeng and his gang. At the same time, Wang Yufeng and his gang were filed and investigated by the public security organs in Shanghai, Jiangxi and other places. Due to the huge amount of money involved in the case of Wang Yufeng and others, the public security organ has sealed up and frozen a large amount of Wang Yufeng’s property involved in the case according to law and taken compulsory measures such as restricting the exit of Wang Yufeng and others.
Second, in view of Wang Yufeng’s retaliation and slander against listed companies and chairman Xia Zengwen, Jilin Sino-Microelectronics Co.Ltd(600360) attitude is clear and firm, and will never compromise with criminal acts. The company will continue to expose and report the criminal acts of Wang Yufeng and others by relying on judicial organs and regulatory institutions.
Third, Jilin Sino-Microelectronics Co.Ltd(600360) while actively cooperating with the public security organ in the criminal investigation of Wang Yufeng, it will also actively cooperate with the normal supervision and correspondence work of the regulatory authority Jilin Sino-Microelectronics Co.Ltd(600360) in line with the principle of seeking truth from facts, objectivity and truth, we respond to the concerns of all parties and let all parties know the truth. We are eager to get the understanding and support of the competent authorities and regulatory agencies.
Fourth, at present, the Jilin Sino-Microelectronics Co.Ltd(600360) production and operation are normal, the company’s products have strong market demand and good development momentum. In the future, Jilin Sino-Microelectronics Co.Ltd(600360) will continue to make efforts to do a good job in operation and management, enhance Jilin Sino-Microelectronics Co.Ltd(600360) ‘s market competitiveness and continuously improve the performance of listed companies.
Jilin Sino-Microelectronics Co.Ltd(600360) is mainly engaged in the design and development of power semiconductor devices, chip manufacturing, packaging testing, sales and other businesses. The company has established a complete and competitive power semiconductor device product system in China, such as Schottky, fast recovery, one-way and two-way thyristor, full category MOS and IGBT.
The performance express shows that in 2021, Jilin Sino-Microelectronics Co.Ltd(600360) achieved a total operating revenue of 2.210 billion yuan, a year-on-year increase of 28.60%; The non net profit deducted was 107 million yuan, a year-on-year increase of 263.49%.
