Because the chief financial officer who has served for more than ten years is “not faithful” to the regular financial reports, Fucheng Co., Ltd. (600965) has successively received a letter of supervision from the Shanghai Stock Exchange and an inquiry letter from the Hebei Securities Regulatory Bureau. The deadline for the reply letter to the Shanghai Stock Exchange has arrived, and Fucheng Co., Ltd. announced that it will be postponed.
On the evening of May 10, Fucheng Co., Ltd. issued an announcement. In view of some issues that need to be further verified and supplemented, the company will postpone the reply to the supervisory work letter for no more than 5 trading days.
It is reported that on April 29, Fucheng Co., Ltd. received a regulatory work letter from the Shanghai Stock Exchange. The main content of the letter involves that Cheng Jing, the company’s chief financial officer, did not sign the company’s 2021 financial report and the first quarter of 2022 financial statements, did not sign a written confirmation opinion on the company’s periodic report, and did not express any objection.
Therefore, the Shanghai Stock Exchange asked Cheng Jing, the chief financial officer, to express a clear opinion, and asked the directors, supervisors and senior management of Fucheng Co., Ltd. to re-verify the preparation and review procedures of the company’s 2021 annual report and 2022 first quarter report. In view of the problems reflected by Fucheng Co., Ltd. in this matter, the Shanghai Stock Exchange requires the company to conduct a comprehensive self-inspection of the company’s internal control, financial management and other related problems, whether it involves any undisclosed matters that should be disclosed, and whether there is any situation that infringes on the interests of the listed company.
Cheng Jing, Chief Financial Officer of Fucheng, has been with the company for more than ten years. According to public information, Cheng Jing is 54 years old. From 2006 to February 2011, he was the manager of the company’s financial department. Since March 2011, he has been the company’s financial director. His current term in the company will expire on May 16, 2022. .
After the Shanghai Stock Exchange issued a letter of concern, on May 5, the Hebei Securities Regulatory Bureau also issued an inquiry letter to Fucheng on the matter, and asked the company to submit relevant explanatory materials to the bureau before May 13. If Fucheng Co., Ltd. delays replying to the Shanghai Stock Exchange’s supervision work letter for 5 trading days, the company may also postpone the reply to the Hebei Securities Regulatory Bureau’s inquiry letter.
In addition, it is worth noting that the 2021 annual report of Fucheng Co., Ltd. was issued by Yongtuo Certified Public Accountants with an unqualified opinion with an emphasis on matters, which reminded investors to pay attention to the fact that Fucheng Co., Ltd.’s holding subsidiary, Hunan Shaoshan Tiande Fudi Cemetery Liability Company, was arrested by Shaoshan City Public Security The Bureau issued a “Case Filing Decision” and decided to file a case for investigation of the case of illegally absorbing public deposits by Hunan Shaoshan Tiande Fudi Cemetery Liability Company and other companies.
In the aforementioned regulatory work letter, the Shanghai Stock Exchange also requires the annual audit accountant of Fucheng to verify whether there are other circumstances that affect the audit opinion in addition to the highlighted matters disclosed in the annual report.
(Editor in charge: Cai Qing)