Securities Code: 300372
Abbreviation: Xintai Electric
Announcement No.: 2017-044
Dandong Xintai Electric Co., Ltd. transfers to the China Securities Investor Protection Fund Co., Ltd. regarding the manual declaration process for special accounts of qualified investors for the Xintai Electric fraudulent issuance compensation fund.
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- On July 7, 2016, the company received the China Securities Regulatory Commission's "Administrative Penalty Decision" ([2016] No. 84) and "Market Ban Decision" ([2016] No. 5). The company has been penalized for fraudulent issuance or significant information disclosure violations as per Article 13.1.1 of the "Shenzhen Stock Exchange GEM Listing Rules (2014 Revision)" (hereinafter referred to as "Listing Rules"). The Shenzhen Stock Exchange decided to suspend the company's stock listing starting September 6, 2016. According to Article 13.4.11 of the Listing Rules, if the stock is suspended due to the circumstances outlined in items (8) and (9) of Article 13.1.1, the Shenzhen Stock Exchange will decide whether to terminate the listing of the company's stock within fifteen trading days before the twelve-month period expires from the date of the administrative penalty decision by the CSRC. Investors are advised to be aware of investment risks.
- The company is currently facing operational difficulties and financial constraints, making it challenging to fulfill its share repurchase commitments as stated in the "Initial Public Offering and Listing Prospectus on the GEM." Investors are advised to be aware of investment risks.
- The disclosed net asset value per share is based on the company's financial records and may not represent the actual amount investors can obtain in the future. Investors are advised to distinguish and invest cautiously.
- During the suspension period, the company will disclose the progress of work and risk warnings regarding the potential termination of listing once every five trading days. Investors are advised to be aware of investment risks.
- The main ways for investors to consult the company are: (1) Investor interaction platform website: http://irm.p5w.net (2) Consultation phone: 0415-4139135
On June 16, 2017, the China Securities Investor Protection Fund Co., Ltd. disclosed the announcement of the "Manual Declaration Process for Special Accounts of Qualified Investors for the Xintai Electric Fraudulent Issuance Compensation Fund," which is as follows:
I. Implementation Arrangement for Special Accounts
Qualified investor special accounts will not distribute compensation rights and will not declare through the Shenzhen Stock Exchange trading system or internet voting system, but will be declared manually.
II. Classification of Special Accounts
- Account Change Type: All A-share securities accounts held by qualified investors in the Shenzhen market that have been lost, reissued, canceled, newly opened, or have undergone mergers or changes after August 22, 2016.
- Account Cancellation Type: All A-share securities accounts held by qualified investors in the Shenzhen market that have been canceled.
- Margin Trading Type: Qualified investors who traded Xintai Electric stock through margin accounts before August 22, 2016.
- ID Document Change Type: Qualified investors whose identification documents changed after August 22, 2016.