On July 15, Huangshi Group issued a notice on the rectification report of the warning letter of Guangxi Securities Regulatory Bureau. On July 14, 2023, the company convened the twenty-first meeting of the sixth board of directors and the tenth meeting of the sixth board of supervisors to consider and adopt the Bill on the Rectification Report of the Warning Letter of Guangxi Securities Regulatory Bureau. There are three main problems to be rectified.
1. Failure to disclose the follow-up progress
of investment matters in a timely manner: Huangshi Group issued an announcement on September 15, 2021. Signed an Investment Agreement with the People's Government of Binyang County and Chongqing Energy Investment Co., Ltd. of the Three Gorges on Yangtze River Group for the Project of Complementary Agriculture and Light and the New Model of Ten Thousand Milk Buffalo Rural Revitalization Demonstration Park, but in April 2022, the agreement was terminated with the consent of all parties. In June 2022, Huangshi Group re-signed the relevant investment agreement with Binyang County People's Government and Huaneng Guangxi Clean Energy Co., Ltd. However, Huangshi Group did not disclose the progress of the termination of the agreement and the change of the subject of the contract in time, and did not disclose the situation in the announcement until August 23, 2022.
Rectification measures: 1. Criticized the relevant responsible personnel of this matter internally, and required the relevant responsible personnel to strengthen the study of relevant laws and regulations, normative documents and the company's internal system . Improve relevant personnel's understanding of relevant laws and regulations on information disclosure, operate and manage investment matters in strict accordance with the above provisions, pay close attention to and track the implementation and progress of the company's investment matters, conscientiously and timely fulfill the reporting, approval procedures and information disclosure obligations of investment matters. To ensure the authenticity, accuracy, completeness, timeliness and fairness of the company's information disclosure.
2. Take measures to further improve the working mechanism related to information disclosure. The Office of the Secretary of the Board of Directors of the Company strengthened business guidance on the scope and content of material matters of the Company, reporting obligors, reporting timing, reporting procedures and other matters, reiterated and clarified the internal information transmission and submission process of the Company, strengthened information exchange and communication, timely grasped investment trends, and better standardized daily information disclosure.
Rectification Responsible Department: Office of the Secretary of the Board of Directors, Industrial Development Department
Rectification Responsible Person: Secretary of the Board of Directors, Leader in Charge of Industrial Development Department
II. Inaccurate and incomplete information disclosure of participation in PV projects & nbsp;
Description: In the announcements issued by Huangshi Group on August 17, 18 and 23, 2022, Huangshi Nongguang Complementary (Guangxi) Technology Co., Ltd., a shareholding company, was called a subsidiary or a subsidiary, which involved inaccurate information disclosure. In the announcement of Huangshi Group on matters related to its participation in photovoltaic projects on August 23 and 25, 2022, it did not specify the investment and return mode of listed companies in photovoltaic projects, which involved incomplete information disclosure.
Rectification measures: 1. The board of directors has carefully sorted out and reviewed the problems and weak links in the information disclosure of photovoltaic projects, and will strengthen the management of signing contracts or agreements with partners in the future. It also refines the information transmission, approval authority and workflow of photovoltaic projects to ensure that the Office of the Secretary of the Board of Directors does a good job of information disclosure in strict accordance with the relevant information disclosure requirements.
2. In accordance with the requirements of the inquiry letter of the 2022 Annual Report of the Shenzhen Stock Exchange, the Company made a supplementary announcement on the subsequent progress of the framework agreement, cooperation agreement and intention agreement of the photovoltaic project, including the specific investment of the Company in the relevant cooperation matters and the progress of project implementation.
Rectification Responsible Department: Office of the Secretary of the Board of Directors, Finance Department
Rectification Responsible Person: Secretary of the Board of Directors, Chief
Financial Officer III. Inaccurate
disclosure of the subsequent progress of the strategic cooperation Description of the matter: Huangshi Group disclosed the progress of the cooperation with SenseTime in its announcements on August 23 and 27, 2022, respectively, but the progress disclosed in the above two announcements was inconsistent.
Corrective measures: 1. In view of the above problems, the company will strengthen effective communication with relevant partners in advance and pay close attention to the progress of major issues . Timely feedback and corresponding deployment should be made when problems are found, and the drafting and review procedures of information disclosure announcements should be improved to prevent similar situations.
2. Strengthen internal control supervision and improve the functions of the company's internal audit department. The Audit Department of the Company was renamed as the Audit and Supervision Department to strengthen the supervision function of the audit department, improve the depth and breadth of the internal audit work in accordance with the Company's system, and supervise and inspect the implementation of various systems, methods and business processes for major matters such as foreign investment. Put forward the requirements of business process rectification and standardization, ensure the effective operation of systems, methods and business processes, and effectively improve the level of standardized operation and information disclosure of the company.
Rectification Responsible Department: Office of the Secretary of the Board of Directors, Audit and Supervision
Department Rectification Responsible Person: Secretary of the Board of Directors, Head of
the Audit and Supervision Department According to the announcement, the above problems have been rectified, and Huangshi Group will continue to regulate in the future.
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