二是公司募投项目“粮油定制装备智造及成套集成核心技术创新平台项目”连续三年没有资金投入，募投项目实际投资进度与投资计划出现差异，公司未在2022年半年度、2022年年度及2023年半年度的《公司募集资金存放与使用情况专项报告》中对存在差异的原因作出解释。China Grain Reserves Corporation (301058.SZ) announced that the company received a "Decision on Administrative Supervision Measures" issued by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission on October 15, 2024.
According to the Zhitong Finance APP, China Grain Reserves Corporation (301058.SZ) announced that on October 15, 2024, the company received a "Decision on Administrative Supervision Measures" from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission ("Jiangsu Securities Regulatory Bureau"). Upon investigation, the company was found to have the following violations:
First, on September 22, 2021, and October 13, 2021, the company held board of directors and shareholders' meetings to approve the use of up to 0.26 billion yuan of idle raised funds for cash management, with a validity period of 12 months from the approval of the shareholders' meeting. After the expiry of the aforementioned validity period, the company did not reperform the approval procedures and information disclosure obligations. Between December 14, 2022, and February 7, 2023, the company cumulatively used 0.206 billion yuan of idle raised funds for cash management, only fulfilling the relevant approval procedures and information disclosure obligations on April 25, 2023.
Second, the company's raised investment project, the "Customized Grain and Oil Equipment Intelligent Manufacturing and Complete Set Integration Core Technology Innovation Platform Project," did not receive any funding for three consecutive years. There were discrepancies between the actual investment progress of the raised investment project and the investment plan. The company did not provide explanations for the reasons for the discrepancies in the "Special Report on the Deposit and Use of Raised Funds by the Company" for the semi-annual and annual periods of 2022 and 2023.
It is reported that the company's above behaviors violated relevant regulations. Among the aforementioned matters, Duan Yufeng, as the company's former Chief Financial Officer and Board Secretary, failed to fulfill his duties diligently, violating regulations. The Jiangsu Securities Regulatory Bureau decided to issue a warning letter as an administrative supervision measure against the company and Duan Yufeng.