The “Daily Economic News” reporter was informed that on April 8, the Shanghai Stock Exchange announced on its official website the decision to impose disciplinary sanctions on the responsible persons of Amethyst Storage (688086, SH), a company listed on the Science and Technology Innovation Board, because Amethyst Storage failed to Fulfill relevant decision-making procedures and information disclosure obligations, and provide large-amount guarantees for many times in violation of regulations. At the same time, the disclosure of information related to the limited funds stored by Amethyst is inconsistent, and the information disclosure is untrue and inaccurate.
The reporter learned that, according to the company’s self-inspection, as of March 14, Amethyst Storage and its subsidiaries Guangzhou Amethyst Storage Technology Co., Ltd. (hereinafter referred to as Guangzhou Amethyst) and Meizhou Jingkai Technology Co., Ltd. had illegal pledge guarantees on time deposit certificates. The total amount is 373 million yuan, and a total of 16 guarantees have been provided for 14 third parties.
The Shanghai Stock Exchange stated that for the above-mentioned external guarantees, Amethyst Storage did not perform the corresponding decision-making procedures of the board of directors as required, nor did it disclose it in a timely manner, and it did not perform its information disclosure obligations until March 14, 2022. Among them, the single amount of two guarantees exceeded 10% of the audited net assets of the previous year, which has reached the deliberation standard of the shareholders’ meeting, but the company has not performed the decision-making procedures of the shareholders’ meeting. In addition, on March 5 this year, the debt guaranteed by Guangzhou Amethyst’s 100 million deposit certificate pledged in Bank of Guangzhou expired, and the corresponding funds were transferred to the bank account of the guaranteed party on March 11, 2022. 96.37% of the company’s audited net profit in 2020.
The Shanghai Stock Exchange believes that Amethyst Storage has repeatedly provided large-amount guarantees in violation of regulations, failed to perform relevant decision-making procedures, and failed to perform relevant information disclosure obligations in a timely manner, resulting in the company’s huge amount of funds being deducted and the subsequent risk of suffering heavy losses due to actual assuming responsibility for guarantees. “The nature of the violation is bad and the circumstances are serious.”
In addition, the Shanghai Stock Exchange also pointed out that Amethyst Storage announced on March 14 that from March to April 2021, the company and its subsidiaries had 4 violation guarantees, with a total amount of 233 million yuan, involving the company and its subsidiaries in Guangzhou Bank. , a bank account opened by Henan Lushi Rural Commercial Bank. However, this situation of limited funds, Amethyst Storage did not mention it in the 2021 semi-annual report and the 2021 semi-annual report inquiry letter reply announcement. The Shanghai Stock Exchange believes that the information disclosure of Amethyst Storage is inconsistent, and the relevant information disclosure is untrue and inaccurate.
In terms of the identification of the responsible person, the Shanghai Stock Exchange found out that the violation guarantee was arranged and completed by the actual controller and then chairman Zheng Mu, and Zheng Mu, the actual controller and then director Luo Tiewei, and then director and general manager Zhong Guoyu signed respectively. Certificate of Deposit Pledge Agreement. Li Yanxia, the then director and chief financial officer of the company, failed to diligently and dutifully detect and correct the company’s illegal guarantee behavior, and failed to ensure that the disclosure of information related to limited funds was true, accurate and complete. The above-mentioned persons are primarily responsible for the company’s violations.
As the specific person in charge of the company’s information disclosure affairs, Wang Wei, the then secretary of the board of directors, failed to perform his duties diligently and was responsible for the relevant violations of the company during his tenure. The Shanghai Stock Exchange decided to publicly condemn Amethyst Storage and Zheng Mu, Luo Tiewei, Zhong Guoyu, and Li Yanxia, and circulated criticism to Wang Wei. For the above-mentioned disciplinary actions, the Shanghai Stock Exchange will notify the China Securities Regulatory Commission and the Guangdong Provincial People’s Government, and record them in the listed company’s integrity file. If the parties are not satisfied with the disciplinary decision of public censure, they may apply to the Stock Exchange for review within 15 trading days, and the implementation of this decision will not be suspended during the review period.
The reporter noticed that the Shanghai Stock Exchange also criticized the two representatives of Amethyst Storage at the time of continuous supervision and sponsorship, and issued a supervision warning to Li Xiaowei, the then deputy general manager and secretary of the board of directors.
