Foshan Lighting announced on the evening of July 12 that the related transactions of four companies including Foshan Schnoqi California Electric Co., Ltd. did exist. The company accepted the punishment of the CSRC and announced the relationship between the company and the four companies as required. According to the announcement, the shareholders of Foshan Snowy California Electric and other four affiliated companies have the sons of Foshan Lighting Chairman Zhong Xincai.
On the evening of July 5th, “hidden related transactions, suspected of annual report fraud†was exposed. By the 11th, Foshan Lighting did not respond in time to give the market a confession. The company’s share price fell by nearly 20% in just a few days. On July 12, Foshan Lighting's share price closed at 7.25 yuan, up 0.83%
Foshan Lighting announced that the legal representatives of Snooker and Slambo are Zhong Yongliang and Zhong Yonghui, respectively, who are the eldest son and younger son of Chairman Zhong Xincai. Among them, Foshan Schnoqi California Electric Co., Ltd. is a wholly foreign-owned enterprise established by Zhong Yongliang, and Foshan Slangbo Enterprise Co., Ltd. Zhong Yonghui holds 95% of the shares.
It is worth noting that Zhong Xincai had previously promoted the new energy strategy. Qinghai Weili New Energy Materials Co., Ltd. and Qinghai Fozha Lithium Energy Development Co., Ltd. were established.
Foshan Lighting announced that Foshan City Slangbo Enterprise Co., Ltd. is a shareholder of Qinghai Power Company, accounting for 20% of the shares, Zhong Yonghui is the actual controller of the 20% equity. In addition, Zhong Yonghui also controlled a 29% stake in Qinghai Fozha Lithium Energy Development Co., Ltd. To this end, Foshan Schnoqi California Electric Co., Ltd. and other four companies are all Foshan lighting related companies.
Does the affiliated company have a connected transaction? In accordance with the requirements of the Guangdong Securities Regulatory Bureau, Foshan Lighting announced the related transactions with Schnock and Slambo in the past three years. Foshan Lighting purchased materials and products from the two companies and collected the utility bills. The total amount of purchases and sales is about 85 million yuan.
Foshan Lighting announced that the daily related transactions between Schneider and Slombo in 2009-2011 are required for the normal operation of the company, which is a legitimate business activity and the transaction pricing is adopted. market price. The above related party transactions have not adversely affected and lost the listed company and non-associated shareholders of the listed company, which is in the best interest of the company and all shareholders. Zhong Xincai, chairman of Foshan Lighting, said that he had misunderstood the relevant laws and regulations, and he did not explain it to the board in time. Zhong Xincai said that he did not understand the law and failed to explain to the board of directors.
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