Dehao/overclocking three busy investment acquisitions received the punishment of the Securities and Futures Commission

Dehao Runda signed an equity agreement with ten distribution companies

On January 16, Dehao Runda (hereinafter referred to as “the company”) issued a notice stating that the company was involved in the planning of major equity acquisitions. The target company belongs to the LED lighting product distribution industry. The company applied to the Shenzhen Stock Exchange for the company's stock since 2018. The trading was suspended on January 2nd.

Up to now, the company has signed an equity purchase intention agreement with ten distribution companies. Our company will hire auditing, evaluation and other intermediary agencies to carry out the work, and these equity acquisitions are actively promoting.

According to relevant regulations, the company's stock should be resumed trading on January 16, 2018. However, in view of the fact that the company's stock had touched the closing position of the company's shares pledged by the controlling shareholder Wuhu Dehao Investment Co., Ltd. during the transaction on December 28, 2017, 4.30 yuan, the company's shares will be applied to the Shenzhen Stock Exchange. On January 16, 2018, the market will continue to be suspended. The suspension period will not exceed 10 trading days. After the company and Wuhu Dehao Investment Co., Ltd. take relevant measures, they will apply for resumption of trading of the company's shares.

Overclocking three foreign investment to set up a shareholding company

On January 16th, Overclocking III and Shenzhen Geshile Technology Co., Ltd. (hereinafter referred to as “Shenzhen Geshile”) and Mr. Tang Yongjun jointly established the shareholding company “Huizhou Geshile Cooling Technology Co., Ltd.” (hereinafter referred to as “ Huizhou Ge Shile").

Huizhou Geshile registered capital of 20 million yuan, the company through its wholly-owned subsidiary Huizhou City Overclocking Three Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Huizhou overclocking three")" with its own funds invested 7.8 million yuan, accounting for the registered capital of the participating company 39%.

The foreign investment does not constitute a connected transaction, nor does it constitute a major asset restructuring as stipulated in the Measures for the Administration of Major Asset Restructuring of Listed Companies. According to the "Shenzhen Stock Exchange GEM Listing Rules", "Articles of Association" and the company's "Overseas Investment Management System" and other regulations, the transaction is not subject to the approval of the board of directors and shareholders meeting within the approval authority of the company's general manager.

The establishment of the joint venture company for this foreign investment is mainly to expand the business of overclocking three in communication equipment cooling and special heat dissipation products. At the same time, this cooperation is beneficial to the company to enhance and improve the company's heat dissipation industry chain and foster new profit growth points, and further enhance the company's market competitiveness.

Huizhou Geshile will make full use of market advantages to further enhance the company's profitability, enhance market competitiveness, promote the company's rapid and stable development, and enhance the company's overall performance capabilities. The completion of this investment will not lead to changes in the scope of the company's consolidated statements. The investment by the company's wholly-owned subsidiaries will be funded by its own funds and will not adversely affect the company's financial and operating conditions. There is no harm to the company and all shareholders. Case.

Qinshang shares received administrative punishment from China Securities Regulatory Commission

On January 16, Qinshang announced that the company received the “Notice of Administrative Punishment and Market Prohibition” on January 15, 2018 (Penalty Word [2018] No. 6).

Dongguan Qinshang Optoelectronics Co., Ltd. (hereinafter referred to as “Qinshang Shares”) has been investigated by the China Securities Regulatory Commission and the China Securities Regulatory Commission has proposed administrative penalties for diligence.

According to the facts, nature, circumstances and social harm of the parties' illegal acts, the CSRC intends to decide according to the provisions of the first and third paragraphs of Article 193 of the Securities Law:

First, correct the order of the company, give warnings, and impose a fine of 600,000 yuan;

Second, give Li Xuliang a warning and impose a fine of 600,000 yuan;

3. Warned Hu Xuanhe and imposed a fine of 300,000 yuan;

4. Warned Chen Yonghong and imposed a fine of 100,000 yuan.

At the same time, in accordance with Article 233 of the Securities Law and Articles 3, 5 and 6 of the Regulations on Prohibition of Securities Markets, the CSRC intends to:

First, Li Xuliang adopted a life-long securities market ban.

Second, take measures against the five-year securities market for Hu Xuan.


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