On May 4, Boomsense Technology Co.Ltd(300312) issued two consecutive announcements, saying that it was unable to reach an agreement with the audit institution on major matters and disclose regular financial reports within the legal period. The trading of the company’s shares was suspended since the opening of the market on May 5, and there is a risk of terminating the listing and trading at present.
Kuang Yuqing, founder of lens company, said in an interview with Securities Daily, “Judging from the public information, Boomsense Technology Co.Ltd(300312) even if it can disclose the financial report before June 30, it is very likely to be issued with non-standard opinions, and it is still unable to avoid the delisting risk warning. According to the regulations of the exchange, the delisting risk warning will be implemented for the shares of listed companies whose financial and accounting reports of the latest fiscal year are issued with audit reports that cannot express opinions or negative opinions.”
Boomsense Technology Co.Ltd(300312) was originally scheduled to disclose the annual report of 2021 and the report of the first quarter of 2022 on April 25, but the company had planned to postpone the disclosure of the annual report of 2021 and the report of the first quarter of 2022 until April 30 due to the failure to reach an agreement with the annual report audit institution on major matters, Because the company has not reached an agreement with the annual report auditor on the audit and evaluation of the assets of Chengdu nengdun Electronic Technology Co., Ltd. and the three-party debt transfer and debt exemption of Sichuan Tianfu bank, the company cannot disclose the annual report of 2021 and the report of the first quarter of 2022 before April 30, 2022.
“We will strive to disclose the audited annual report of 2021, the financial statement report and the first quarter report of 2022 as soon as possible before June 30 。 At the same time, fully maintain the daily production, operation and management, continue to win the support of all parties, and actively do a good job in the communication and coordination among employees, creditors and investors. And simultaneously promote the application to the court for reorganization, resolve the debt crisis, restart the main business and rectify the internal control system, so as to improve the current situation of the company and restore the profitability of the company as soon as possible, and safeguard the legitimate rights and interests of the company and all shareholders as much as possible. ” Boomsense Technology Co.Ltd(300312) said in the announcement.
Lawyer Wang Zhibin of Shanghai Minglun law firm introduced in an interview with the reporter of Securities Daily that the legal time for listed companies to disclose their annual reports is within four months from the end of each fiscal year, that is, before April 30 of each year. Listed companies should disclose the audited financial reports of the previous year to the public. Companies that fail to disclose their financial reports within the time limit face multiple risks. “Administrative punishment and delisting risk warning are the most direct impact. According to the provisions of the securities law, listed companies that fail to disclose their financial statements within the specified time limit will be ordered to make corrections, given warnings and fines, and the directly responsible persons in charge and other responsible persons will be given warnings and fines. In addition, if they fail to disclose their financial statements in accordance with the provisions and touch the relevant contents of the criminal law, they will also be investigated for criminal responsibility.”
In addition, the exchange also stipulates that if the financial report is not disclosed within the statutory time limit and the company’s shares are not disclosed within 2 months of suspension, the exchange will implement delisting risk warning for the shares.
Referring to the company’s past data, it can be seen that the “audit and evaluation of the assets of Chengdu nengdun Electronic Technology Co., Ltd. and the three-party debt transfer and debt exemption of Sichuan Tianfu bank”, which has been unable to reach an agreement with the audit institution this time, has caused a series of troubles for Boomsense Technology Co.Ltd(300312) .
Since April, Boomsense Technology Co.Ltd(300312) has issued several announcements, saying that it has received supervision letters, attention letters and decisions on administrative supervision measures, including the donation of assets of Chengdu nengdun Electronic Technology Co., Ltd., and the audited accounting firm has sent a letter saying that Boomsense Technology Co.Ltd(300312) “embezzled the official seal”.
