Tinghuajiu, a subsidiary of Qinghai Spring, issued a statement saying that it attaches great importance to the issues mentioned in CCTV's March 15 report and established a special team as soon as possible to carry out comprehensive inspection and rectification work. In the statement, regarding the patent situation reported by CCTV on March 15, the company also attached the "Explanation on Patents Related to Tinghuajiu Reported by CCTV on March 15" by Chengdu Hongqiao Patent Office (General Partnership) for further explanation. Chengdu Hongqiao Patent Office, a cooperative patent firm of Tinghuajiu, said in a statement that the firm has served Tinghuajiu founder Zhang Xuefeng and his related companies for more than 20 years, assisting him in applying for hundreds of patents, including invention patents that currently exist. It has more than 50 valid patents. The institute stated that only part of the footage of the CCTV 315 Gala was excerpted. The institute said that the patent in question is one of the Tinghua Wine series technologies and does not add mint or mint extract to the wine. The patent application is already in the international publication stage.
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The Shanghai Stock Exchange issued a supervisory letter to Qinghai Spring in response to CCTV’s report that the company’s product advertising was illegal. The regulatory work letter pointed out that there were media reports that the advertising of the company's products may have violated the "Advertising Law of the People's Republic of China" and other relevant laws and regulations, and therefore attracted great attention from the market.
The Shanghai Stock Exchange requires Qinghai Spring to explain whether there are any violations
The Shanghai Stock Exchange has imposed regulatory requirements on Qinghai Spring in accordance with Article 13.1.1 of the Stock Listing Rules and other relevant regulations. Specific requirements include: companies need to verify media reports, explain whether there are violations, and whether these behaviors involve information disclosure violations; companies should pay close attention to market public opinion, respond to market doubts and investor concerns in a timely manner, and do a good job in communication; All its directors, supervisors, and senior managers should be responsible for investors, pay attention to and implement the requirements of the regulatory work letter, and protect the legitimate rights and interests of investors; the company must verify the situation as soon as possible and fulfill its information disclosure obligations as required.
The board of directors of Qinghai Spring Medicinal Resources Technology Co., Ltd. stated that it will strictly abide by regulatory requirements, carefully verify media reports, effectively perform information disclosure obligations, and protect the legitimate rights and interests of investors. At the same time, the company will further strengthen internal management, standardize advertising and publicity activities, and ensure the company's legal and compliant operations.
At the CCTV March 15 party, Qinghai Spring’s Tinghuajiu was named. According to CCTV, the reporter visited a Tinghua Wine experience store. The advertisement in the store showed that this wine has the effects of improving immunity, improving sleep, ensuring male erectile function, regulating physiological disorders, and anti-aging. The Advertising Law of the People's Republic of China clearly stipulates that alcohol advertisements shall not expressly or imply that drinking alcohol can relieve tension and anxiety, increase physical strength, etc.
Tinghuajiu’s WeChat public account shows that the certification body of Tinghuajiu is “Tibet Spring Wine Co., Ltd.” Data from the Tianyancha app shows that the controlling shareholder of Tibet Spring Liquor Co., Ltd. - Qinghai Spring Medicinal Resources Technology Co., Ltd. - is an A-share listed company, and the securities are referred to as "Qinghai Spring".
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