Securities code: Shenzhen Fountain Corporation(000005) Securities abbreviation: Shenzhen Fountain Corporation(000005) Announcement No.: 2022022
Shenzhen Fountain Corporation(000005)
Suggestive announcement on continuing to implement other risk warnings in stock trading
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. Important content tips:
Zhongshen Zhonghuan Certified Public Accountants (special general partnership) audited the effectiveness of the internal control over the financial report of Shenzhen Fountain Corporation(000005) (hereinafter referred to as “century Xingyuan” or “the company”) on December 31, 2020, and issued the internal control audit report with a negative opinion, The above matters have touched the situation specified in Item (IV) of article 13.3 of the Listing Rules of Shenzhen Stock Exchange, “the company has been issued an internal control audit report or assurance report with no opinion or negative opinion in the latest year”. According to Article 13.6 of the Listing Rules of Shenzhen Stock Exchange, the company’s shares will implement other risk warnings on May 6, 2021.
1、 Application of continuing to implement other risk warnings
China Audit Asia Pacific Certified Public Accountants (special general partnership) audited the effectiveness of the company’s internal control over the financial report on December 31, 2021 and issued the internal control audit report with negative opinions. The matters leading to the negative opinions are as follows:
We found that in 2020, century Xingyuan disclosed that in 2018 and 2019, it provided guarantees for the actual controller and other related parties, involving an amount of 145 million yuan. In this year, century Xingyuan disclosed that in 2018, it provided guarantees for the actual controller, involving an amount of 97 million yuan. When the above guarantees occurred, it did not fulfill the relevant review procedures and information disclosure obligations, It shows that century Xingyuan has significant defects in external guarantee and internal control of related parties and related transactions.
Effective internal control can provide a reasonable guarantee for the authenticity and integrity of financial reports and related information, and the above major defects make century Xingyuan’s internal control lose this function.
We believe that due to the above major defects and their impact on the realization of control objectives, Century Star failed to maintain effective internal control over financial reporting in all major aspects in accordance with the basic norms of enterprise internal control and relevant regulations on December 31, 2021.
The above matters have touched the situation specified in Item (IV) of article 13.3 of the Listing Rules of Shenzhen Stock Exchange, “the company has been issued an internal control audit report or assurance report with no opinion or negative opinion in the latest year”. According to Article 13.6 of the Listing Rules of Shenzhen Stock Exchange, the company’s shares will continue to be subject to the special treatment of “other risk warning” from April 27, 2022, The abbreviation of the stock is still ” Shenzhen Fountain Corporation(000005) “, the stock code ” Shenzhen Fountain Corporation(000005) ” remains unchanged, and the daily rise and fall limit of the stock trading price is still 5%..
2、 The abbreviation of stock type, securities code and the starting date of continuing to implement other risk warnings
1. Stock type and abbreviation: A-share, and the abbreviation of stock is still “St Xingyuan”;
2. The securities code is still ” Shenzhen Fountain Corporation(000005) “;
3. The starting date of continuing to implement other risk warnings: April 27, 2022.
3、 Opinions and main measures of the board of directors of the company on striving to revoke other risk warnings
With regard to the internal control audit report with negative opinions issued by China Audit Asia Pacific Certified Public Accountants, the company will seriously reflect on the matters involved, improve various internal control systems, strengthen the implementation of the company’s internal control management and the construction of risk assessment system, strengthen the supervision and inspection of the implementation of internal control, and further improve the corporate governance structure Internal control management system and risk prevention mechanism to continuously improve the standard governance level of the company and promote the healthy and sustainable development of the company.
The company will take various measures as soon as possible to meet the requirements of revoking other risk warnings. After the corresponding circumstances are eliminated, the company will timely announce and apply to Shenzhen stock exchange for revoking other risk warnings.
4、 During the period of continuing to implement other risk warnings, the company accepts the contact information of investors
During the period when the company’s stock trading continues to implement other risk warnings, the company will accept the consultation of investors by telephone, e-mail and other means, and arrange relevant personnel to respond to the inquiries of investors in a timely manner on the premise of not violating the relevant provisions on the confidentiality of insider information. The company’s contact information is as follows:
1. Contact: Luo Xiaochun
2. Contact address: 3 / F, Huale building, Shennan East Road, Luohu District, Shenzhen
3. Tel.: 075582208888 ext. 3040
4. Fax: 075582207055
The information disclosure media designated by the company are securities times and cninfo website（ http://www.cn.info.com.cn. ）, all information of the company shall be subject to the information published in the above designated media. Please pay attention to relevant announcements, make prudent decisions and pay attention to investment risks.
It is hereby announced
Shenzhen Fountain Corporation(000005) board of directors
April 27, 2002
