Because the “extraordinary shareholders’ meeting” was written into a “dying shareholders’ meeting”, a legal opinion issued by Beijing Zhonglun law firm, which cooperated with Shenzhen H&T Intelligent Control Co.Ltd(002402) made the company “famous” for a time. However, soon, Beijing Zhonglun law firm was also ordered to make corrections by Shenzhen Securities Regulatory Bureau.
On May 16, Shenzhen H&T Intelligent Control Co.Ltd(002402) issued the announcement of the resolution of the first extraordinary general meeting of shareholders in 2022, and its cooperative Beijing Zhonglun law firm issued relevant legal opinions. Surprisingly, the opinion turned the “extraordinary shareholders’ meeting” into a “dying shareholders’ meeting”, which caused an uproar.
The picture shows the wrong version of legal opinion written by Beijing Zhonglun (Shenzhen) law firm
It is worth mentioning that shortly after the announcement printed with the wrong statement was issued, the listed company replaced the wrong version with the correct version on the relevant letter Phi platform at 20:10 on the same day, Shenzhen H&T Intelligent Control Co.Ltd(002402) Securities Department staff also responded to this, and the media said that it was indeed wrong.
One day later, Shenzhen Securities Regulatory Bureau inspected and dealt with Beijing Zhonglun (Shenzhen) law firm. The Shenzhen Securities Regulatory Bureau announced that on May 16, the legal opinion issued by Beijing Zhonglun (Shenzhen) law firm for the Shenzhen H&T Intelligent Control Co.Ltd(002402) extraordinary general meeting of shareholders attracted public attention. On May 17, Shenzhen Securities Regulatory Bureau carried out on-site inspection on the Institute. In response to the problems found in the inspection, the Shenzhen Securities Regulatory Bureau took regulatory measures to order the exchange to make corrections according to law on May 18, and took regulatory measures to issue warning letters to three lawyers.
The circular also mentioned that as an important “gatekeeper” of the capital market, law firms and practicing lawyers should be diligent and conscientious, provide professional and prudent legal services, and promote the improvement of the quality of information disclosure of listed companies. Shenzhen Securities Regulatory Bureau will continue to work with relevant departments to give full play to supervision, strict supervision and responsibility, urge law firms and practicing lawyers to continuously improve their practice quality and compliance awareness, and escort the steady reform of the stock issuance registration system.
