According to the Shanghai Stock Exchange on the 21st, this week (January 17 to January 21, 2022), the Shanghai Stock Exchange took regulatory measures such as written warnings against 60 abnormal securities transactions such as raising and suppression and false declaration. The delisting risk stocks Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) were strictly supervised in accordance with regulations, and regulatory measures such as suspending the trading of investors’ accounts were taken in time for abnormal trading behaviors that exacerbated abnormal fluctuations, misled investors’ trading decisions and affected the market trading order.
On the same day, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) announced that there was a risk that the stock might be delisted.
On January 18, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) share price fell below 1 yuan. On January 20, the stock fell by the limit and rose by the limit in the afternoon of January 21.
recently received two regulatory inquiry letters from Shanghai Stock Exchange
the company and the actual controller are suspected of committing a crime
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) received the prior notice of administrative punishment and market prohibition from China Securities Regulatory Commission on October 18, 2021. The CSRC pointed out that the company falsely increased its income from 2018 to 2019. After retroactive adjustment, it may have an operating income of less than 10 million yuan for three consecutive years in 2018, 2019 and 2020. According to relevant regulations, the company may be involved in major illegal compulsory delisting.
On January 14, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) announced that the company had received the notification of case filing sent by Xinjiang Securities Regulatory Bureau on January 14. Tacheng Public Security Bureau informed Xinjiang securities regulatory bureau that the transferred Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) and Huang Wei’s crime of illegal disclosure and non disclosure of important information met the filing standards, The case has been filed for investigation. Huang Wei is the actual controller of the company.
In response to the case of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) and the actual controller Huang Wei being filed by the public security organ, the Shanghai Stock Exchange issued a supervision letter to the company on January 14, believing that the matter had a significant impact on the company, requiring it to immediately disclose and explain the impact on the company, and fully remind the risk. Shanghai stock exchange requires the company and all directors and supervisors to attach great importance to the above matters, timely report relevant progress and treatment results to them, and fulfill the obligation of information disclosure as required.
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) said that the company and Huang Wei would actively cooperate with the investigation, carefully evaluate the impact on the company and its actual controllers, and fulfill the obligation of information disclosure in strict accordance with relevant laws, regulations and regulatory requirements.
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) also said that up to now, the company’s production and operation are normal, and the company has not received a formal punishment decision. The company will actively exercise its legal rights such as hearing or making statements and pleadings, safeguard the rights and interests of the company and the majority of investors, and fully cooperate with the relevant work of the CSRC, And timely perform the obligation of information disclosure in strict accordance with the requirements of relevant laws and regulations.
On January 17, the Shanghai Stock Exchange issued a regulatory letter to Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) again. Up to now, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) has not hired the 2021 annual audit accountant, and the company’s shares are at risk of not disclosing periodic reports on time and being delisted. According to the relevant provisions of Shanghai Stock Exchange, if the listed company’s shares have been warned of delisting risk due to the financial delisting indicators touched in the 2020 annual financial report, the performance forecast shall be made within one month after the end of 2021. The Shanghai stock exchange requires Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) to hire an audit institution as soon as possible, actively cooperate with the disclosure of the annual report on schedule, disclose the performance forecast information in accordance with the above requirements, and fully prompt the risks.
audit institutions will be “fined six without one”
The CSRC also plans to impose an administrative penalty of “six penalties for no one” on Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) audit institution Shenzhen Tangtang accounting firm (hereinafter referred to as “Tangtang office”), and the suspected crime of relevant subjects will be transferred to the public security organ.
The person in charge of relevant departments of the CSRC pointed out that Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) has been subject to administrative punishment by the CSRC for several times in recent years. Recently, the CSRC has performed the hearing procedures for the serious financial fraud cases in its annual reports of 2018 and 2019, and will also make punishment decisions according to law.
The person in charge of relevant departments of the CSRC said that Tangtang signed an agreement with Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) knowing that the audit business of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) annual report has been “rejected” by other accounting firms, promised not to issue “unable to express opinions” or “negative opinions” in the audit report, and required that Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) should be compensated in case of punishment by the regulatory authorities.
The CSRC pointed out that the audit independence of Tangtang office is seriously lacking, there are many defects in the audit procedures, there are false records and major omissions in the audit report, and there is a lack of due professional ethics and bottom line. The proposed administrative punishment of “six penalties for no one” will be transferred to the public security organ if the relevant subjects are suspected of committing a crime.
