Securities code: Dalian Thermal Power Co.Ltd(600719) securities abbreviation: St thermoelectric Announcement No.: pro 2022019 Dalian Thermal Power Co.Ltd(600719)
Announcement on receiving the decision of Dalian regulatory bureau of China Securities Regulatory Commission to order the company, relevant responsible persons and controlling shareholders to take corrective measures
The company and all members of the board of directors guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
On May 19, 2022, Dalian Thermal Power Co.Ltd(600719) received the decision on taking corrective measures against Shaoyang, Li Junxiu, Wang Jie, Li Lin and Shen Jun ([2022] No. 4) (hereinafter referred to as “decision on ordering corrective measures No. 4”) issued by Dalian regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as “Dalian securities regulatory bureau”) Decision on ordering corrective measures against Dalian Thermal Power Co.Ltd(600719) No. 5 (hereinafter referred to as “decision on ordering corrective measures No. 5”) and decision on ordering corrective measures against Dalian Thermal Power Group Co., Ltd. (hereinafter referred to as “decision on ordering corrective measures No. 6”). The specific contents are hereby announced as follows:
1、 Main contents of decision No. 4 on ordering corrective measures
“Shaoyang, Li Junxiu, Wang Jie, Li Lin, Shen Jun:
According to the disclosure of the annual report of Dalian Thermal Power Co.Ltd(600719) (hereinafter referred to as Dalian Thermal Power Co.Ltd(600719) ) in 2021, the following problems exist in Dalian Thermal Power Co.Ltd(600719) 2021:
1、 Provide funds to the controlling shareholder Dalian Thermoelectric Group Co., Ltd. by paying the advance payment for the purchase of coal.
2、 The amount of daily connected transactions exceeds the annual estimated amount of connected transactions, fails to fulfill the corresponding review procedures and fails to fulfill the obligation of information disclosure in time.
Dalian Thermal Power Co.Ltd(600719) the above-mentioned acts violate Article 80 of the securities law, Article 22 of the measures for the administration of information disclosure of listed companies (Order No. 182 of the CSRC) and Article 4 of the guidelines for the supervision of listed companies No. 8 – regulatory requirements for capital exchanges and external guarantees of listed companies (No. 26 of the CSRC notice [2022], hereinafter referred to as the guidelines for the supervision No. 8).
Shao Yang, the then chairman of the board, Li Junxiu, the director, Wang Jie, the general manager, Li Lin, the person in charge of finance, and Shen Jun, the Secretary of the board of directors, failed to fully fulfill their obligations of diligence and responsibility in the above matters, and were mainly responsible for Dalian Thermal Power Co.Ltd(600719) the above violations. In accordance with Article 52 of the measures for the administration of information disclosure of listed companies (Order No. 182 of the CSRC) and Article 23 of the regulatory guidelines No. 8, our bureau has decided to take regulatory measures to order you to make corrections and record them in the integrity archives of the securities and futures market. You should actively solve the problem of occupying funds, fully learn lessons, strengthen the study of relevant laws and regulations, fulfill the obligation of diligence, promote the standardized operation of the company, take effective measures to prevent shareholders from occupying or transferring the company’s funds in various forms, strictly perform the review procedures of related party transactions, ensure the quality of information disclosure of listed companies, and submit a written rectification report to our bureau within 30 days after receiving this decision.
If you are not satisfied with the supervision and administration measures, you can apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receiving the decision, or you can bring a lawsuit to the people’s court with jurisdiction within 6 months from the date of receiving the decision. During the period of reconsideration and litigation, the above supervision and management measures shall not be suspended. “
2、 Main contents of decision No. 5 on ordering corrective measures
“ Dalian Thermal Power Co.Ltd(600719) :
According to the disclosure of your 2021 annual report, your company has the following problems in 2021:
1、 Provide funds to the controlling shareholder Dalian Thermoelectric Group Co., Ltd. by paying the advance payment for the purchase of coal.
2、 The amount of daily connected transactions exceeds the annual estimated amount of connected transactions, fails to fulfill the corresponding review procedures and fails to fulfill the obligation of information disclosure in time.
Your company has violated Article 80 of the securities law, Article 22 of the measures for the administration of information disclosure of listed companies (Order No. 182 of the CSRC) and Article 4 of the guidelines for the supervision of listed companies No. 8 – regulatory requirements for capital transactions and external guarantees of listed companies (CSRC Gong Zheng [2022] No. 26, hereinafter referred to as the “regulatory guidelines No. 8”). In accordance with Article 52 of the measures for the administration of information disclosure of listed companies (Order No. 182 of the CSRC) and Article 23 of the regulatory guidelines No. 8, our bureau has decided to take regulatory measures to order your company to make corrections and record them in the integrity archives of the securities and futures market. Your company shall actively solve the problem of occupying funds, improve corporate governance and internal control, take effective measures to prevent shareholders from occupying or transferring the company’s funds in various forms, strictly perform the review procedures of related party transactions, ensure the quality of information disclosure of listed companies, and submit a written rectification report to our Bureau within 30 days after receiving this decision.
If you are not satisfied with the supervision and administration measures, you can apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receiving the decision, or you can bring a lawsuit to the people’s court with jurisdiction within 6 months from the date of receiving the decision. During the period of reconsideration and litigation, the above supervision and management measures shall not be suspended. “
3、 Main contents of decision No. 6 on ordering corrective measures
“Dalian Thermoelectric Group Co., Ltd.:
Dalian Thermal Power Co.Ltd(600719) (hereinafter referred to as Dalian Thermal Power Co.Ltd(600719) ) as the controlling shareholder of Dalian Thermal Power Co.Ltd(600719) in 2021, your company occupied Dalian Thermal Power Co.Ltd(600719) funds by way of advance receipt exceeding funds other than Dalian Thermal Power Co.Ltd(600719) purchase of self used coal, and the remaining principal and interest were repaid in April 2022. Your company’s behavior violates Article 4 of the guidelines for the supervision of listed companies No. 8 – regulatory requirements for capital transactions and external guarantees of listed companies (CSRC announcement [2022) No. 26, hereinafter referred to as the regulatory guidelines No. 8) Article 23 stipulates that our bureau has decided to take regulatory measures to order your company to make corrections and record them in the integrity archives of the securities and futures market. Your company shall actively solve the problem of illegal occupation of funds of listed companies, take effective measures to cooperate with Dalian Thermal Power Co.Ltd(600719) improve corporate governance and internal control, ensure the quality of information disclosure of listed companies, resolutely prevent the recurrence of such matters, and submit a written rectification report to our bureau within 30 days after receiving this decision.
If you are not satisfied with the supervision and administration measures, you can apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receiving the decision, or you can bring a lawsuit to the people’s court with jurisdiction within 6 months from the date of receiving the decision. During the period of reconsideration and litigation, the above supervision and management measures shall not be suspended. “
The company, relevant responsible persons and controlling shareholders will formulate practical rectification measures in accordance with the regulatory requirements of Dalian securities regulatory bureau, actively rectify, urge relevant personnel to strengthen the study of securities laws and regulations, enhance compliance awareness, and timely fulfill the obligation of information disclosure.
It is hereby announced.
Dalian Thermal Power Co.Ltd(600719)
May 19, 2022
