Stock Code: 002072 Stock Abbreviation: Kai Rui De Announcement No.: 2024-L007 Kai Rui De Holdings Co., Ltd. Announcement on the Progress of Investigation and Risk Warning
The Company and all members of the Board of Directors guarantee the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Kai Rui De Holdings Co., Ltd. (hereinafter referred to as the "Company") received the "Notice of Case Filing" (No.: Zheng Jian Li An Zi 00042023006) from the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") on August 29, 2023. Due to suspected information disclosure violations and illegal activities, the CSRC has decided to file a case against the Company in accordance with the "Securities Law of the People's Republic of China," "Administrative Penalty Law of the People's Republic of China," and other laws and regulations.
The Company disclosed the "Announcement on Receiving the Notice of Case Filing from the CSRC" (Announcement No.: 2023-L040) on designated information disclosure media on August 30, 2023. Subsequently, on September 28, 2023, October 30, 2023, November 29, 2023, December 29, 2023, and January 29, 2024, the Company disclosed the "Announcement on the Progress of Investigation and Risk Warning" (Announcement Nos.: 2023-L052, 2023-L056, 2023-L061, 2023-L070, 2024-L003) on designated information disclosure media.
As of the date of this announcement, the CSRC's investigation is still ongoing, and the Company has not yet received a conclusive opinion or decision from the CSRC regarding the aforementioned case filing. If relevant documents are received, the Company will fulfill its information disclosure obligations promptly. The Company has already filed criminal reports with the public security organs regarding the illegal and criminal acts involving the former former actual controller Wu Lianmo and the former actual controller Zhang Peifeng, which have been accepted. The historical debt crisis caused by the illegal and criminal acts of the former former actual controller Wu Lianmo and the former actual controller Zhang Peifeng was resolved through bankruptcy reorganization in 2021. Currently, all of the Company's production and operation activities are proceeding normally and in an orderly manner. This case filing is not expected to have a significant impact on the Company's production, operations, and management. During the investigation period, the Company will actively cooperate with the CSRC's investigation and, in accordance with the relevant provisions of the "Stock Listing Rules of the Shenzhen Stock Exchange (2023 Revision)," will disclose a risk warning announcement at least once a month to explain the progress of the investigation.