Lu Zhengyao received two tickets from the SFC and was given a warning and fined 300000 yuan

category:Finance
 Lu Zhengyao received two tickets from the SFC and was given a warning and fined 300000 yuan


In this regard, the SFC issued a warning and a fine of 500000 yuan for Shenzhou Youche, a warning for Lu Zhengyao and a fine of 200000 yuan for Lu Zhengyao, a warning for Chen Liangyun and Wang Peiqiang and a fine of 100000 yuan for each; and a warning and a fine of 50000 yuan for Qi Lin.

In addition, in the [2020] No. 100 administrative penalty decision of the CSRC, the facts of violation identified by the CSRC are: Beijing hydtronic Yiwei Technology Co., Ltd. (hdev, new Third Board Code: 870207), Shenzhou Youche Co., Ltd. (hereinafter referred to as Shenzhou Youche) and luckin coffee, Inc. (hereinafter referred to as lucky coffee) has related party relationship; hydev has related party transactions with Shenzhou Youche and Ruixing coffee; hydev fails to truthfully disclose the related party relationship and related party transactions with Shenzhou Youche and Ruixing coffee.

According to the CSRC, Lu Zhengyao is the actual controller of Shenzhou Youche, and can exert significant influence on the shares of Ruixing coffee, Shenzhou rental car and its subsidiaries. Jin Junwei decided to hold 10% of the shares of hydev on behalf of Jin Junwei, which directly led to the failure to truthfully disclose the related party relationship and related party transactions in the annual reports of 2017 and 2018. Lu Zhengyao is the person in charge directly responsible for the illegal information disclosure of hydrogen dynamics Yiwei, and Jin Jun is the other person directly responsible.

The Securities Regulatory Commission issued a warning and a fine of 300000 yuan to Beijing hydrogen dynamics Yiwei Technology Co., Ltd., a warning to Lu Zhengyao and a fine of 100000 yuan to Jin Jun, and a fine of 50000 yuan to Jin Jun.

In the course of the investigation, Lu Zhengyao claimed that he had no subjective fault and did not directly or indirectly hold the equity of hydev. He did not disclose the related relationship and related transactions, which had nothing to do with itself, so he should not be punished.

In the investigation of Shenzhou Youche, Lu Zhengyao argued that he had no subjective fault, did not specifically deal with the disclosure of relevant affairs, and did not cause damage in essence. However, the SFC believes that based on the evidence on the record, it is sufficient to conclude that Lu Zhengyao can exert a significant influence on hydev. Lu Zhengyao, as the actual controller of Shenzhou Youche and a major investor who can exert significant influence on Ruixing coffee, Shenzhou car rental and hydev, decided that Jin Jun should hold 10% of the shares of hydev, which directly led to the failure to disclose the related party relationship and related party transactions in the 2017 and 2018 annual reports of hydev, which should be regarded as the direct negative of the above illegal acts Responsible person in charge. In addition, Lu Zhengyao, as the actual controller, chairman and general manager of Shenzhou Youche, knew and actively organized Shenzhou Youche to carry out the above acquisition activities involved in the case, and failed to fulfill the corresponding disclosure obligations, so Lu Zhengyao should be identified as the person in charge directly responsible for the case. Lu Zhengyao received two tickets from China Securities Regulatory Commission: fined 300000 yuan_ NF4368

In the investigation of Shenzhou Youche, Lu Zhengyao argued that he had no subjective fault, did not specifically deal with the disclosure of relevant affairs, and did not cause damage in essence.

However, the SFC believes that based on the evidence on the record, it is sufficient to conclude that Lu Zhengyao can exert a significant influence on hydev. Lu Zhengyao, as the actual controller of Shenzhou Youche and a major investor who can exert significant influence on Ruixing coffee, Shenzhou car rental and hydev, decided that Jin Jun should hold 10% of the shares of hydev, which directly led to the failure to disclose the related party relationship and related party transactions in the 2017 and 2018 annual reports of hydev, which should be regarded as the direct negative of the above illegal acts Responsible person in charge. In addition, Lu Zhengyao, as the actual controller, chairman and general manager of Shenzhou Youche, knew and actively organized Shenzhou Youche to carry out the above acquisition activities involved in the case, and failed to fulfill the corresponding disclosure obligations, so Lu Zhengyao should be identified as the person in charge directly responsible for the case.

Lu Zhengyao received two tickets from China Securities Regulatory Commission: fined 300000