According to a report from the Beijing Times on March 2, 2015, the China Securities Regulatory Commission found that the temporary information disclosure of Zhuhai Zhongfu on December 10, 2012 made misleading statements about relevant financial data. It is understood that on December 10, 2012, Zhuhai Zhongfu used September 2012 data in its relevant announcement to explain the financial status of the 48 subsidiaries to be acquired, instead of October 2012 data. The net profit of the 48 subsidiaries of Zhuhai Zhongfu from January to September 2012 was RMB 86,382,500, and the net profit from January to October was RMB 66,714,700.

 

In addition, Zhuhai Zhongfu's temporary information disclosure and report to regulatory authorities on December 25, 2012 contained false records. After investigation by the China Securities Regulatory Commission, Beijing Hengxin Delu Assets Appraisal Co., Ltd. did not go to Zhuhai Zhongfu's 48 subsidiaries to carry out on-site evaluation when evaluating the value of shareholders' equity of Zhuhai Zhongfu's 48 subsidiaries. However, on December 25, 2012, Zhuhai Zhongfu's announcement appeared in the words of disclosure: "Complete evaluation procedures", "During field work, conduct specific evaluations and calculations on the basis of on-site investigation and verification of the evaluated company" And, in the subsequent submission of the relevant self-inspection report to the Guangdong Supervision Bureau of the China Securities Regulatory Commission, it was still emphasized that "specific evaluation and calculation shall be carried out on the basis of in-depth investigation and verification of the enterprise under evaluation."

 

 In view of the fact that Zhuhai Zhongfu’s illegal disclosure of information has been verified for many times, the China Securities Regulatory Commission made a decision to order it to make corrections, give a warning, and impose a fine of 300,000 yuan; the supervisors Chen Zhijun and Zhao Jingxin who are directly responsible for the above-mentioned violations were given a warning and issued a warning. Each was fined 50,000 yuan; Wang Yuling and Chen Lishang were warned, and each was fined 30,000 yuan.

 

 

 

On September 9, 2015, the Shenzhen Stock Exchange issued an announcement in the evening stating that Zhuhai Zhongfu failed to disclose information in a timely manner due to related matters. The Shenzhen Stock Exchange publicly condemned Zhuhai Zhongfu; the company's then chairman Chen Zhijun, then director He Zhijie, Han Jingchong, Lin Zihong, Mai Lekun, then managing director Wang Yuling, and then secretary of the board of directors Chen Lishang gave public condemnation sanctions. Regarding the above-mentioned violations of the relevant parties and the above-mentioned sanctions given by the Shenzhen Stock Exchange, the Shenzhen Stock Exchange will record the listed company's integrity files and announce it to the public.