May 9, 2024GamescoincryptoThe Shanghai Stock Exchange publicly disclosed that because the shares of the spouse trading company constituted a short-term transaction, and the transaction amount was huge and the circumstances were serious, the decision was made to dawning of China Science and Technology (603019).Gamescoincrypto.SH) Chairman Li Guojie publicly condemned it.
Li Guojie, an academician of the Chinese Academy of Engineering, is over 80 years old. In mid-April, China Science Shuguang announced that Zhang Tihua, Li Guojie's wife, violated short-term transactions, with a cumulative transaction value of more than 150 million yuan. the couple apologized and handed over all the proceeds to the company. At that time, the company responded to the "Huaxia Times" reporter that Zhang Tihua was older, in poor health, his children were not around, and he used stock speculation as a personal hobby.
It is worth noting that before being punished by the exchange, the SFC had filed a case against Li Guojie on suspicion of short-term trading of China Science Dawning shares, which is still inconclusive. On May 9, a reporter from the Huaxia Times telephoned dawning of China Science and Technology on relevant issues, and the company said that "the announcement shall prevail."
Short-term transactions involve a huge amount of money
Dawning of China Science and Technology Co., Ltd. is mainly engaged in the R & D and manufacture of high-end computers, storage, security and data center products, while vigorously developing digital infrastructure construction, intelligent computing and other businesses.
On the evening of April 11, China Science and Technology Dawn issued an announcement revealing for the first time that Zhang Tihua, the wife of Chairman Li Guojie, violated the stock of the short-term trading company.
According to the announcement, Zhang Tihua has held dawning shares of China Science and Technology since March 3, 2023, and has bought a total of about 3.34 million shares from March 3 to March 14, 2024, with a total transaction amount of about 154 million yuan. a total of about 3.34 million shares (91) were sold, totaling 154 million yuan, and the cumulative income after deducting transaction commission, stamp duty and other taxes was about 590000 yuan. As of the announcement date, Zhang Tihua still holds 700 shares of the company.
At that time, China Science Dawn said that Zhang Tihua failed to correctly understand the relevant laws and regulations of short-term trading, and there was no subjective and intentional violation. Li Guojie was not consulted during the trading period, nor was he informed of the above trading behavior, and there is no case of trading the company's shares as a result of inside information. When the company learned of the matter, it attached great importance to it and checked the relevant situation in time. Li Guojie and his spouse Zhang Tihua apologized for the above violations and actively cooperated with the verification. At the same time, according to relevant regulations, Zhang Tihua has handed over the income of about 590000 yuan to the company in full.
Because of the amount and circumstances of the transaction, the case soon caused an uproar in the capital markets. Less than a month after the incident, the Shanghai Stock Exchange made a disciplinary decision.
The Shanghai Stock Exchange said that Li Guojie's spouse bought and sold, sold and bought shares in the company within six months, which constituted a short-term transaction, involving a large amount of money and serious circumstances. It violates the relevant provisions of the Securities Law, the rules governing the listing of stocks on the Shanghai Stock Exchange and the commitments made in the statement and undertaking of Directors. Li Guojie replied with no objection to the above facts and circumstances of the violation within the prescribed time limit.
In view of the above violations and circumstances, the Shanghai Stock Exchange decided to publicly condemn Li Guojie. The disciplinary action will be notified to the CSRC and the Tianjin Local Monetary Administration, and will be recorded in the integrity files of listed companies.
At the same time, the Shanghai Stock Exchange requires that China Science and Technology dawning Company and its directors, supervisors and senior managers attach great importance to the relevant violations and establish a special management system for the shares held by shareholders and their changes, clarify the reporting, declaration and supervision procedures of stock transactions of relevant subjects, and remind them to strictly abide by the relevant rules on shareholding changes.
The CSRC has filed a case against Li Guojie.
It is worth noting that before the exchange took disciplinary action, the SFC had already intervened in the investigation.
On April 19, Zhongke dawning announced that Li Guojie received a notice from the Securities Regulatory Commission on the same day that he had decided to file a case against him because he was suspected of short-term trading in Zhongke dawning shares. At present, the survey has no specific conclusions.
On the issues related to Zhang Tihua's violations, a person related to China Science Shuguang previously responded to the Huaxia Times reporter that Zhang Tihua used his own account to invest in the stock market. Zhang Tihua is older, his health is poor, and his children are not around. Stock speculation is a daily hobby of personal life. Chairman Li Guojie often went out to participate in academic, industry exchanges and other activities, failed to promote and urge in time.
However, with the CSRC filing a case against Li Guojie, questions arise about whether Zhang Tihua's account is operated by himself and whether there is insider trading. Zhan Junhao, a financial commentator, said in an interview with the Huaxia Times that the CSRC's filing of an investigation usually means that it has a certain degree of evidence and believes that further investigation is necessary. However, the filing of the investigation does not mean that the illegal facts of the party under investigation have been determined, but a formal legal procedure aimed at further collecting evidence and ascertaining the truth.
According to public information, Li Guojie, born in Shaoyang City, Hunan Province in May 1943, is a famous computer expert in China. He is mainly engaged in applied basic research and technology development strategy consultation in the fields of computer system structure, artificial intelligence, big data, future network, and so on. He graduated from the Physics Department of Peking University in 1968, received a master's degree in computer science from the University of Science and Technology of China in 1981, and received a doctorate in computer science from Purdue University in 1985.
In 1995, Li Guojie was elected academician of the Chinese Academy of Engineering. In the same year, he founded and served as chairman of dawning Information Industry Co., Ltd. From March 2006 to December 2010, he served as the chairman of Tianjin Shuguang computer Industry Co., Ltd. (the predecessor of China Science and Technology), and has been the chairman of China Science Shuguang since January 2011. He has also served as a researcher and director of the Institute of Computing Technology of the Chinese Academy of Sciences, director of the National Intelligent computer Research and Development Center, and dean of the School of computer and Control, University of the Chinese Academy of Sciences.
Over the past few decades, Li Guojie has won many awards, including the highest academic award at the academic conference of the information community in 2006 and the Outstanding contribution Award of the Chinese computer Society in 2017. The Institute of Computing Technology of the Chinese Academy of Sciences commented that Li Guojie led the Computing Institute of the Chinese Academy of Sciences and dawning Company to make important contributions to the development of China's high-performance computer industry and the development of Godson high-performance general-purpose CPU chips.
The financial report shows that Zhongke Shuguang's performance has maintained growth in the past two years. For the whole year of 2023, the company's operating income was 14.353 billion yuan, a year-on-year increase of 10.34%; the net non-profit deducted from shareholders of listed companies was 1.278 billion yuan, a year-on-year increase of 10.98%. In the first quarter of 2024, the company's revenue was 2.479 billion yuan, a year-on-year increase of 7.86%; net non-profit deducted was approximately 56.62 million yuan, a year-on-year increase of 16%.
As of the close of May 9, Zhongke Shuguang's share price was reported at 46.5 yuan/share, an increase of 0.89% on the day, and the latest market value was approximately 68 billion yuan.
(Article source: China Times)