Glonghui, June 19丨Longxin GM (603766.SH) announced that on the one hand, the board of directors of the company believes that the “Fund Contract” signed by the chairman on behalf of the company was beyond its authority to approve; on the other hand, it requires the relevant departments of the company to immediately take active measures and strive to recover all 700 million yuan of subscription payments as soon as possible. In order to effectively protect the interests of the listed company and all shareholders, the relevant personnel of the company actively negotiated and communicated with all parties. The progress is now explained as follows:
1. The custodian Huatai Securities Co., Ltd. considered that the company and the fund manager had objections to some of the contents of the “Fund Contract”, and in a prudent and responsible manner, did not confirm the fund share of the 700 million yuan subscription amount already paid by the company. 2. The fund manager considered that the board of directors of Longxin GM believed that the signing of the “Fund Contract” exceeded the approval authority of the chairman, and in line with a responsible attitude towards investors, refunded all 700 million yuan of subscription money to the company. 3. The subscription amount of RMB 700 million paid by the company on June 15, 2023 was fully recovered to the company account on June 19, 2023. 4. The company once again notified the fund manager on June 19, 2023, and confirmed the cancellation of the “Fund Contract”.
