On the evening of July 5, the latest announcement issued by Foshan Lighting indicated that the company received two “Decisions on Administrative Supervision Measures†issued by the Guangdong Regulatory Bureau of the China Securities Regulatory Commission, and ordered it to explain the related transactions that have been concealed for many years, involving 2009-2011. Annual report for three years.
One of the decisions stated that Foshan Lighting's 2009 Annual Report, 2010 Interim Report and Annual Report, 2011 Interim Report and Annual Report did not disclose the relationship with Foshan Schnoqi California Electric Co., Ltd. and Foshan Slangbai Enterprise Co., Ltd. Related party transactions; the relationship with (Hong Kong) Qinghai Skyline Rare Element Technology Development Co., Ltd. was not disclosed in the above-mentioned periodic report; the related transactions with Qinghai Foluo Lithium Energy Development Co., Ltd. jointly established with Hong Kong Skyline were not disclosed.
Another decision pointed out that Foshan Lighting Chairman Zhong Xincai did not report to Foshan Electric Appliance Co., Ltd. Board of Directors Foshan Snowy California Electric Co., Ltd., Foshan Slangbai Enterprise Co., Ltd., Qinghai Weili New Energy Materials Co., Ltd. ( Hong Kong) The relationship between four companies including Qinghai Skyline Rare Element Technology Development Co., Ltd. and Foshan Lighting.
In response, the Guangdong Regulatory Authority decided to take administrative and administrative measures to correct the Foshan Lighting. The company was ordered to make rectifications, and within 10 days from the date of receipt of the decision, the company disclosed the disclosure of the relationship with Snooker, Slangbo, Hong Kong Sky and related transactions in the past three years on the information disclosure media designated by the China Securities Regulatory Commission. And the revised 2011 annual report.
One of the decisions stated that Foshan Lighting's 2009 Annual Report, 2010 Interim Report and Annual Report, 2011 Interim Report and Annual Report did not disclose the relationship with Foshan Schnoqi California Electric Co., Ltd. and Foshan Slangbai Enterprise Co., Ltd. Related party transactions; the relationship with (Hong Kong) Qinghai Skyline Rare Element Technology Development Co., Ltd. was not disclosed in the above-mentioned periodic report; the related transactions with Qinghai Foluo Lithium Energy Development Co., Ltd. jointly established with Hong Kong Skyline were not disclosed.
Another decision pointed out that Foshan Lighting Chairman Zhong Xincai did not report to Foshan Electric Appliance Co., Ltd. Board of Directors Foshan Snowy California Electric Co., Ltd., Foshan Slangbai Enterprise Co., Ltd., Qinghai Weili New Energy Materials Co., Ltd. ( Hong Kong) The relationship between four companies including Qinghai Skyline Rare Element Technology Development Co., Ltd. and Foshan Lighting.
In response, the Guangdong Regulatory Authority decided to take administrative and administrative measures to correct the Foshan Lighting. The company was ordered to make rectifications, and within 10 days from the date of receipt of the decision, the company disclosed the disclosure of the relationship with Snooker, Slangbo, Hong Kong Sky and related transactions in the past three years on the information disclosure media designated by the China Securities Regulatory Commission. And the revised 2011 annual report.
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