On November 11, Jingke Science and Technology announced that the company had received a warning letter from Jiangxi Securities Regulatory Bureau. The decision to issue a warning letter to the company and its then chief financial officer Chen Yan and then Dong Mi Yang Li. The main reason for the warning letter issued
by Jingke Science and Technology is that the disclosure of the use of 600 million yuan in the company's initial public offering prospectus is inconsistent with the actual situation. In the prospectus, Jingke Technologies said that 600 million yuan was used to "repay bank loans". However, on August 9, 2023, the company responded in a regulatory letter to the Shanghai Stock Exchange that the initial fund raised had the situation of repaying other financial institutions and government loans.
According to the announcement, a total of 273 million yuan of fund-raising purposes are inconsistent with the previously disclosed fund-raising investment in "repayment of bank loans". Details are as follows:
from May 2020 to March 2021, The company used the fund raised from the initial public offering to repay 54 million yuan of debts due to bank bills, 50 million yuan of additional deposits for bank bills, 83 million yuan of loans for financial leasing companies and 51 million yuan of loans for supply chain financing enterprises, and 34 million yuan of loans for project cooperation of Leizhou Municipal Government.
In this regard, Jingke Science and Technology did not strictly abide by the relevant provisions on the management and use of raised funds, did not use the initial raised funds in accordance with the purpose disclosed in the prospectus, nor did it disclose the actual use in time, and the relevant information disclosure was inaccurate and untimely. Jiangxi Securities Regulatory Bureau decided to take regulatory measures to issue warning letters to Jingke Science and Technology, Chen Yan and Yang Li, and record them in the integrity files of the securities and futures market.