① Guao Technology announced tonight. Recently, Chen Chongjun, the actual controller of the company, was taken into criminal detention by the Qingdao Municipal Public Security Bureau. ② The Financial Services Association reporter combed through and discovered that the company's “black history” is endless, including illegal holdings reduction and information disclosure violations.
Finance Association, April 25 (Reporter Xiao Lianghua) Guao Technology (300551.SZ) seems to be a “troublemaker.”
Tonight, the company announced that it recently received a detention notice issued by the Qingdao Municipal Public Security Bureau from the family of the actual controller Chen Chongjun. I learned that Chen Chongjun was taken into criminal detention by the Qingdao Municipal Public Security Bureau on suspicion of manipulating the securities market.
The company announced: The current business situation is normal. Chen Chongjun is the actual controller of the company and does not serve as the company's director and supervisor. Chen Chongjun's detention will not have a significant impact on the company's daily operations, nor will it affect the disclosure of the company's 2023 annual report.
It is worth noting that Guao Technology's stock price has recently dropped sharply, falling all the way from a high of 17.16 yuan/share on March 14 to today's closing price of 8.88 yuan/share.
In addition to the actual controller being tortured, the company also has quite a few “dark histories,” which can be described as innumerable.
Not long ago, in March, the company announced that the company's actual controller had received a warning letter from the Shanghai Securities Regulatory Bureau due to illegal holdings reduction.
According to the content of the warning letter, between November 21, 2022 and March 24, 2023, Chen Chongjun reduced his holdings of the company's shares to 5.24% of the company's total share capital through agreement transfers, bulk transactions, and centralized bidding, and transferred the securities pledged by him to the pledgee agreement on March 27, 2023, resulting in a 6.37% change in shareholding. According to the provisions of the Securities Law, shareholders of listed companies shall stop trading when the cumulative change in their holdings of the company's shares reaches 5%. Furthermore, Chen Chongjun ceased being a director of the company on May 19, 2023, but reduced his holdings of the company's shares by 6.2 million shares within half a year after leaving his job. The Securities Regulatory Commission stipulates that directors and supervisors of listed companies cannot reduce their holdings of the company's shares within half a year after leaving their job.
On April 15, the Shenzhen Stock Exchange also notified and criticized the company's chairman Hou Yaoqi, general manager Jiang Xiaodan, and director Tian Qing, due to information disclosure violations. The company issued an announcement stating that the participating company Xincun Technology (Wuhan) Co., Ltd. signed a letter of cooperation with the Anji County Government of Huzhou City, Zhejiang Province, and will adopt the “local government+social capital” model and invest a total of nearly 10 billion yuan to establish a storage production line. It was later proven that it was “futile” to set up a storage production line with nearly 10 billion dollars.
In 2023, the company's merger and acquisition also caused criticism from many investors. At the time, Guao Technology planned to invest 918 million yuan to acquire Xincun Technology, while Xincun Technology's net assets were only -2,629 yuan, with no operating income or net profit. In the inquiry letter from the Shenzhen Stock Exchange, whether there are situations such as exaggerated hype, “deceptive” signing, and “hot spots” are all key issues.