Ink Weather Response to IPO Failure: Self-monitoring will be strengthened and development will not stop

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 Ink Weather Response to IPO Failure: Self-monitoring will be strengthened and development will not stop


Ink weather responded to its IPO.

On Oct. 12, Ink Weather issued a statement in its official microblog, saying: Yesterday, at the 142nd meeting of the 18th Development and Examination Commission of the SFC in 2019, the results of the examination and verification of the Ink Weather Listing were published. Ink Weather accepted the inquiries raised by the SFC and has given corresponding answers. For the rectified part, self-monitoring will be strengthened. For the imperfect part, special groups have been set up to incorporate the adjustment measures.

Ink Weather expresses its gratitude to the relevant government departments, users and all sectors of society for our supervision and correction, and will also speed up the follow-up process. Ink Weather also said that its development will not stop because of a failure. It will continue to maintain an open and innovative spirit of entrepreneurship, never forget the original intention, and provide better meteorological services for users, customers and society.

Official Statement of Ink Weather. ?

On October 11, the previous day, Beijing Inkmark Fengyun Technology Co., Ltd. (Inkmark Technology), the main operator of inkblot weather, was rejected in its initial application.

In view of ink technology, the main questions raised at the meeting of the Development and Review Committee include:

1. The website operated by the issuer and Ink Weather APP have the situation that they are ordered to rectify the Internet news without their permission, and the issuer has the situation of publishing drug advertisements before obtaining the Qualification Certificate of Internet Pharmaceutical Information Service. The publishers existing APP includes video and game programs, as well as hospital advertisements. At the meeting of the DARC, the issuers representative was asked to explain whether the issuers entire business during the reporting period had acquired all the qualifications stipulated by the laws and regulations in force at that time, whether the necessary approval or filing procedures had been fulfilled, whether there were cases of non-compliance before obtaining the relevant qualifications and licences, and whether there were subsequent requests for rectification or administrative penalties that affected the business continuity. Operational risk.

2. The issuer obtains user data and labels through self-collection and third-party channels, and commercializes the data. On July 16, 2019, the issuer received the Notice on Issues Relevant to the Collection and Use of Personal Information by APP Special Governance Group. The Working Group on the Collection and Use of Personal Information of APP Special Governance requests the issuer to rectify the problems existing in the collection and use of personal information. At the meeting of the DARC, the issuers representative was asked to clarify whether the issuers rectification of the problem and the effect of the rectification pointed out in response to the notification of the APP Special Governance Working Group had been approved by the competent authorities and whether it faced the risk of being punished. The sponsor representative is requested to explain the basis and process of the verification and to make clear the verification opinions.

3. During the reporting period, the issuers revenue from Internet advertising information services accounted for more than 95%. At the meeting of the CDRC, the issuers representative was asked to explain the rationality and sustainability of the growth of the main business and the high gross profit rate, and whether the issuer would risk a decline in income and net profit in the future.

4. During the reporting period, customers (Ali, Suning, Tencent, hereinafter referred to as equity stakeholders) who have direct or indirect equity relationship with issuers contribute a large amount and proportion of income directly or indirectly. At the meeting of the CDRC, the issuers representative was asked to explain whether the business cooperation between the issuer and the above-mentioned stakeholders was stable and sustainable, whether there were significant uncertain risks, whether it affected the issuers sustained profitability, and the issuers response measures in market development.

Official website data show that inkblot technology was established in 2010, is a weather service platform, based on professional technology and huge meteorological data, providing precise weather services in minutes and kilometers.

Source: Wang Fengzhi _NT2541