Zhangzidao chairman of the board of directors in full bloom and ruthless words: will sue the Securities Regulatory Commission to the court!

category:Finance
 Zhangzidao chairman of the board of directors in full bloom and ruthless words: will sue the Securities Regulatory Commission to the court!


Wu: we believe that there is no factual basis, and the regulatory authorities should not take the evidence prepared on the assumption as the basis of administrative punishment.

Reporter: how do you think it is appropriate to calculate, verify or supervise?

Wu: as a listed company, its normal to be questioned, but any industry has its professionalism. In the last natural disaster event, it is the most correct choice to listen to experts opinions. And several expert opinions were not adopted by CSRC.

I think the CSRC should at least go to the scene to understand our production and operation mode, which is the first one. Second, he (the CSRC) must inform us in advance that the track is used for production management and area calculation, which can only be used as a basis on the premise that we know it.

Reporter: I have informed you in advance. Can it be regulated?

Generally speaking, the supervision we think should be whether he (the CSRC) has a system and we perform well - this should be his supervision. He cant make a temporary system to evaluate the right and wrong of our past business.

Reporter: you mentioned negative reports, regulatory letters and other regulatory measures, which have some negative effects on the company. What are the main negative effects?

In particular, as a listed company, our operation in the capital market, including some asset disposal and major asset expenditure, has not been possible. This puts a lot of pressure on the company.

Reporter: did the company apply for reconsideration and give legal opinions on some letters or investigations and punishments at the regulatory level?

Wu: at present, we have made our opinions clear through the hearing. We have made some defense in some aspects, but the conclusion has not come down yet.

Reporter: if the conclusion is consistent with the prior notice, Zhangzi Island is at risk of delisting.

Wu: we cant be punished like this. If the punishment is not fair according to law, we will sue for justice.

Reporter: if you want to overturn all the negative news and regulatory penalties, its not enough just to say, but also to have information. What materials do you have in hand to provide to the media and the public?

Wu: in the end, the inspection and investigation of the regulatory authorities should be made public. This is one aspect. The second aspect is that most of the materials we need to submit have been submitted to the CSRC, and all the materials we submit can be made public to the public.

Attachment: Notice of administrative penalty and market prohibition

1 Overview

On February 9, 2018, Zhangzidao received the notice of investigation (No.: lzz [2018] 001) issued by CSRC. Due to the companys suspected illegal information disclosure, according to the relevant provisions of the securities law of the peoples Republic of China, CSRC decided to put the company on file for investigation.

2 specific details

3. Punishment 1. Give a warning to Zhangzidao Group Co., Ltd. and a fine of 600000 yuan; 2. Give a warning to Wu Hougang, Liang Jun, sun Fujun and Gou Rong and a fine of 300000 yuan respectively; 3. Give a warning to Chengjia, Zhao Ying, Zou Debo and Shi Jingjiang and a fine of 200000 yuan respectively; 4. Give a warning to Tang Yan, Yang Yujian, Liu Hongtao and Zhang Kan and Five, give a warning to Zhao Zhinian, Zou Jian, Chen Benzhou, Cong Jinxiu, Wang Tao, Luo Weixin, Chen Shuwen, Wu Xiaowei and impose a fine of 50000 yuan respectively; six, give a warning to Li Jinliang, Cao Bingcai, Liu Zhongbo, Jiang Yubao and impose a fine of 30000 yuan respectively

3 punishment

1u3001 To give a warning to Zhangzidao Group Co., Ltd. and impose a fine of 600000 yuan;

2u3001 Wu Hougang, Liang Jun, sun Fujun and Gou Rong were warned and fined 300000 yuan respectively;

3u3001 The family, Zhao Ying, Zou Debo and Shi Jingjiang were warned and fined 200000 yuan respectively;

4u3001 Tang Yan, Yang Yujian, Liu Hongtao and Zhang Kan were warned and fined 80000 yuan respectively;

5u3001 Zhao Zhinian, Zou Jian, Chen Benzhou, Cong Jinxiu, Wang Tao, Luo Weixin, Chen Shuwen and Wu Xiaowei were warned and fined 50000 yuan respectively;

6u3001 Li Jinliang, Cao Bingcai, Liu Zhongbo and Jiang Yubao were warned and fined 30000 yuan respectively