baccaratcom| *ST Meishang, which is locked in delisting, clarifies rumors: the actual controller Wang Yingyan is still in China

* ST Meishang (that is, Meishang Ecology 300495)BaccaratcomThe A-share journey of .SZ, with a share price of 0.13 yuan and a market capitalization of 87.6563 million yuan, is coming to an end. While waiting for a final "judgment", the company, which has locked in delisting, is still busy clarifying rumors to the outside world. On the evening of May 8th, * ST Beauchamp issued two announcements: one is that the company's shares will be suspended from listing on the Shenzhen Stock Exchange because of the compulsory delisting of the trading class, and the other is to clarify some media misreporting.

A reporter from the Daily Business News noted that recently, there are online rumors that * ST Mei has publicly admitted fraud in response to the regulatory investigation, and the relevant personnel have also emigrated overseas.

During the working hours on May 8, the reporter repeatedly called * ST Meishang public phone to tryBaccaratcomI know the situation, but the phone has been unanswered. In a clarification announcement issued on the evening of May 8, * ST Beauchamp said that the relevant media reports were seriously inconsistent with the facts and were suspected of being deliberately misleading. At the same time, Wang Yingyan is still in China while the company maintains normal contact and communication with the actual controller.

The company's shares are locked in and delisted.

According to the relevant provisions of the rules on the listing of stocks on the growth Enterprise Market of the Shenzhen Stock Exchange (revised in 2024), the daily closing price of listed companies is less than 1 yuan for 20 consecutive trading days, and the Shenzhen Stock Exchange terminates the listing and trading of its shares.

* ST Beauchamp said that as of May 8, the company's shares closed below 1 yuan for 20 consecutive trading days, which has reached the aforementioned compulsory delisting of the trading class, and the company's shares will be terminated from listing on the Shenzhen Stock Exchange.

In addition, according to the regulations, if a listed company has one of the circumstances of compulsory delisting of the trading category, it shall disclose on the next trading day where the corresponding situation occurs, and the trading of the company's shares shall be suspended from the date of the announcement. As a result, * ST Meishang shares will be suspended from trading on May 9. At the same time, the Shenzhen Stock Exchange will issue a prior notice to the company of its intention to terminate the listing of its shares within 5 trading days from the date of suspension of trading in ST Meishang shares.

* ST Meishang has been engaged in financial fraud for many years, involving false records of listing documents, etc., so it has aroused great concern. In March this year, * ST Meishang related parties received the "Administrative penalty decision" ((2024) No. 31) sent by the China Securities Regulatory Commission.

According to the Administrative penalty decision, * ST Meishang falsely increased net profit in 2012-2019 and in the first half of 2020. The net profit was falsely increased by 11.7127 million yuan in each reporting period (accounting for 16.56% of the disclosed net profit in the current period). Same below), 16.5233 million yuan (16.31%), 7.6715 million yuan (7.12%), 66.7274 million yuan (60.52%), 64.0111 million yuan (30.64%), 78.3524 million yuan (27.58%), 148 million yuan (38.34%), 58.4356 million yuan (27.20%), 5.337 million yuan (13.85%).

The above false increase in profits has led to false records in the ST Meishang prospectus (the 2015 prospectus covers the period from 2012 to 2014 and January to June 2015), periodic reports and issuance documents.

In addition, * ST Midea also involves the failure to disclose related party transactions and the occupation of funds in accordance with the regulations, and the fraudulent issuance of non-public shares.

Clarify that Wang Yingyan is still in China.

On the evening of May 8, * ST Beauchamp also announced that it was concerned about the false reports published and reprinted by some media about the company. The company carefully verified the content of the report and clarified it.

* ST Meishang said in the announcement that the relevant media reports were seriously inconsistent with the facts, and it did not proceed from the relevant professional point of view, and without a comprehensive and objective understanding of the relevant facts, the reports made through its own false judgment were suspected of deliberately misleading and seriously infringed upon the company's reputation. For the act of manufacturing and spreading such false information, the company reserves the right to pursue the legal liability of relevant enterprises and personnel in accordance with the law.

A reporter from the Daily Business News noted that recently, there were rumors on the Internet that * ST Meishang, in response to the CSRC's inquiry, directly said: "We have faked the listing and everything is fake." At the same time, it is also rumored that the relevant personnel have emigrated to Singapore.

* ST Meishang announced that Wang Yingyan is still in China while maintaining normal contact and communication with the actual controller. Wang Yingyan is of Chinese nationality and has no permanent residence abroad.

According to the 2023 annual report of * ST Meishang, the actual control of the company is Wang Yingyan and Xu Jing, and the controlling shareholder is Wang Yingyan. During the reporting period, the company's controlling shareholders and related parties illegally occupied funds.

Wang Yingyan also received the Administrative penalty decision (2024) No. 9 issued by the China Securities Regulatory Commission in February this year. During the period from June 12, 2018 to July 3, 2020, Wang Yingyan and Ji Yun, the then legal representative of Shanghai Yongshu Asset Management Co., Ltd., traded "Meishang Ecology" through actual control of "Wu" and other 113 securities accounts.

It should be noted that after the final deduction of commission and related taxes and fees, the two people traded "Meishang Ecology" shares with a total loss of 238 million yuan, which became a joke for a while.

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