Financial Services Association, Feb. 27 (Reporter Xiao Lianghua) On the evening of February 27, Cool Smart (300840.SZ) announced that the company received a notice from Zhang Yan, the actual controller's concerted actor. Zhang Yan received a notice of filing a case from the Securities Regulatory Commission on February 26. The CSRC decided to file a case against him due to suspected illegal acts of insider trading. As a result of the company's implementation, this case was filed against Zhang Yan's personal investigation. The matters being investigated have nothing to do with the company and will not have a significant impact on the company's daily operations.

According to Tianyan survey information, Zhang Yan has been the executive director and general manager of Qingdao Yushi Real Estate Co., Ltd., the executive director and general manager of Qingdao Yushi Network Technology Co., Ltd., and the chairman and general manager of Qingdao Aofa Garment Co., Ltd. All of these companies are currently shown to be cancelled. Also, according to Cool Smart's previous announcement, Zhang Yan has been the executive director and general manager of Qingdao Yuankang Vegetable Variety Technology Co., Ltd. since November 2016, and has been a director of Cool Smart since December of that year.

However, about a week before it was revealed tonight that Zhang Yan was investigated by the Securities Regulatory Commission, she voluntarily resigned as a director of Cool Smart. According to the announcement at the time, Zhang Yan's resignation was due to personal reasons and will no longer hold any position in the company thereafter. The announcement also explained that Zhang Yan has a father-son relationship with Agent Zhang, the shareholder and director of Cool Smart Holdings, and a sister-brother relationship with Zhang Yunlan, the chairman and general manager of the company. These three people acted in concert. Agent Zhang and Zhang Yunlan have told the media many times that Zhang Yan was not very interested in her family business, and that the company eventually took over her father's business.

Up to now, Zhang Yan holds 9.80% of Cool Smart's shares, ranking the company's third largest shareholder. According to Cool Smart's 2022 financial report, Agent Zhang, Yunlan Zhang, and Yan Zhang signed the “Concerted Action Agreement” on May 5, 2017. The agreement stipulates that the three parties maintain a high degree of consistency in exercising directors' rights and shareholders' rights. If the three parties disagree on matters to be considered by the board of directors or shareholders' meetings and are unable to reach an agreement after thorough negotiations, the right to vote will be exercised based on Agent Zhang's opinion when considering relevant matters.

A Financial Services Association reporter noticed that Zhang Yan had previously been a shareholder of an investment company, and Qingdao Yushi Investment Co., Ltd., where she held 90% of the shares, has now been cancelled.

Cool Smart's stock price performed well last year, rising as high as 123.67% for the whole year. Meanwhile, the company's net profit for the first three quarters of 2023 increased by about 55% year-on-year. Entering 2024, the company's stock price performance was poor. As of the close of trading on February 27, the company's stock price fell by 23.41% during the year.