Securities Code: 000693
Securities Abbreviation: *ST Huaze
Announcement Number: [2019-019]
Chengdu Huaze Cobalt Nickel Materials Co., Ltd. (hereinafter referred to as "the Company") received the administrative penalty notice (Penalty Document [2019] No. 33) from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") on March 20, 2019. The Board of Directors and all directors of the Company guarantee that the content of this announcement does not contain any false records, misleading statements, or major omissions, and they bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.
The CSRC has completed its investigation into the case of Huaze Cobalt Nickel suspected of violating information disclosure laws. The following are the facts, reasons, basis for the proposed administrative penalties, and the rights you hold:
It was found that Huaze Cobalt Nickel failed to disclose the 2017 annual report and the 2018 Q1 report within the statutory time limit. On April 12, 2018, Huaze Cobalt Nickel issued an announcement titled "Risk Warning Announcement Regarding Inability to Disclose Periodic Reports Within the Statutory Time Limit and Possible Suspension of Stock Listing" (2018-047), stating that the Board of Directors approved the proposal to appoint Asia-Pacific (Group) CPA as the auditing firm for the 2017 annual report on March 14, 2018, and this proposal was approved at the second extraordinary general meeting of shareholders on April 4, 2018. Due to overdue payment of audit fees, the company determined the auditing firm for the 2017 annual report late and issued a special risk warning regarding the possibility of failing to disclose the annual report within the statutory time limit.