China-Singapore Jingwei, December 20th: Due to the failure to fulfill the notification obligations of information disclosure as required, Zhewen Internet failed to perform the corresponding information disclosure obligations, and Zhewen Internet shareholder Shandong Keda was warned.
After the market closed on the 20th, Zhewen Internet announced that Shandong Keda, a shareholder of the company that holds more than 25% of html's shares, recently received the "Decision on Issuing a Warning Letter to Shandong Keda Group Co., Ltd." (hereinafter referred to as the "Warning Letter") issued by the Zhejiang Securities Regulatory Bureau.
According to the "Warning Letter", the Zhejiang Securities Regulatory Bureau discovered during an on-site inspection of Zhejiang Internet that in January 2022, Dongying Keying Real Estate Co., Ltd. (hereinafter referred to as Keying Real Estate) transferred its 60% stake in Keda Semiconductor Co., Ltd. (hereinafter referred to as Keda Semiconductor) to Shandong Keda Infrastructure Co., Ltd. controlled by Shandong Keda. Since Shandong Keda is a shareholder of Zhewen Internet with more than 5% of the shares, Keda Semiconductor has become a related party of Zhewen Internet. As of the date of the above-mentioned equity transfer, Keda Semiconductor still owed Zhewen Internet 23.0002 million yuan, forming non-operating capital transactions with related parties. However, Shandong Keda failed to fulfill its obligation to disclose information as required, resulting in Zhewen Internet not fulfilling its corresponding information disclosure obligations.
The Zhejiang Securities Regulatory Bureau pointed out that the above-mentioned behavior of Shandong Keda violated the provisions of Articles 3 and 41 of the "Measures for the Administration of Information Disclosure of Listed Companies" (CSRC Order No. 182). In accordance with the relevant provisions of Article 52 of the "Administrative Measures for Information Disclosure of Listed Companies" (CSRC Order No. 182), it was decided to take supervisory and administrative measures to issue a warning letter to Shandong Keda, and record it in the integrity file of Securities Futures Market.
Wind information shows that Zhewen Internet’s business covers the entire digital marketing chain such as intelligent and digital marketing, mobile marketing, precision marketing, video marketing, big data and research, experience and content marketing, and self-owned media, and deeply serves customers in all industries including network services, games, e-commerce, financial management, online travel , automobiles, and FMCG.
Screenshot of Zhewen Internet’s 2022 third quarter report
According to the 2022 third quarter financial report, Shandong Keda holds 6.69% of Zhewen Internet’s shares and is the company’s largest shareholder. In the
secondary market, Zhewen Internet closed flat at 4.86 yuan per share on the 20th, and ’s stock price fell 42.35% in total this year. (China-Singapore Jingwei APP)
