Shenzhen Zqgame Co.Ltd(300052) was ordered by the securities regulatory bureau to correct due to the inaccurate disclosure of the announcement, and the actual controller received the warning letter

Shenzhen Zqgame Co.Ltd(300052) announced that the company recently received the decision of Shenzhen Securities Regulatory Bureau on ordering corrective measures against Shenzhen Zqgame Co.Ltd(300052) issued by Shenzhen Securities Regulatory Bureau, the decision of Shenzhen Securities Regulatory Bureau on Issuing warning letters against Li Ruijie, Li Yilun and Gao Guozhou, and the decision of Shenzhen Securities Regulatory Bureau on taking regulatory conversation measures against Li Jun, Zheng Fei and Chen Panli.

The announcement shows that Shenzhen Zqgame Co.Ltd(300052) has the problem of incomplete and inaccurate information disclosure. On January 10, Shenzhen Zqgame Co.Ltd(300052) disclosed that it planned to acquire 51% equity of Baode Asset Management Hong Kong Co., Ltd. (hereinafter referred to as “Baode Hong Kong company”) held by Li Ruijie, the actual controller, and planned to rename the company as baoerlide yuan universe digital platform Co., Ltd. (hereinafter referred to as “baoerlide”), hoping that the company would become a pioneer of the game UGC platform.

After investigation, Baode Hong Kong company has no main business income and profit, no relevant R & D investment and core technology, and no relevant product landing. The declared “baoerlide yuan universe digital platform Co., Ltd. hopes to become the pioneer of game UGC platform” by Shenzhen Zqgame Co.Ltd(300052) is the preliminary idea, and there is no specific landing plan. In view of the above matters, the board of directors of the company did not fully demonstrate the risk situation and future judgment of the acquisition; The company does not objectively and completely reflect that Baode Hong Kong company currently has no important information such as actual business and technology accumulation, as well as the specific impact on the company’s performance; In the case of only preliminary conception and no specific landing plan, the basis for making the above judgment is not clearly stated.

The above circumstances violated the provisions of the measures for the administration of information disclosure of listed companies, and Shenzhen Securities Regulatory Bureau decided to take regulatory measures to order the company to make corrections. Shenzhen Zqgame Co.Ltd(300052) shall take effective measures to correct as required, and submit a written rectification report to Shenzhen Securities Regulatory Bureau within 30 days from the date of receiving this decision

At the same time, Li Ruijie, as the chairman of the company, Li Yilun, as the general manager of the company, and Gao Guozhou, as the Secretary of the board of directors of the company, bear the main responsibility for the above problems. According to regulations, Shenzhen Securities Regulatory Bureau decided to take regulatory measures to issue warning letters to Li Ruijie, Li Yilun and Gao Guozhou respectively. Li Jun, Zheng Fei and Chen Panli, as independent directors of the company, participated in the deliberation of the above acquisition and expressed independent opinions. However, during the deliberation, the company did not fully demonstrate the risk situation and future judgment of the acquisition, and did not urge the company to disclose relevant information objectively and completely. According to the regulations, Shenzhen Securities Regulatory Bureau decided to take regulatory measures for Li Jun, Zheng Fei and Chen Panli respectively.

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