On the evening of April 7, Aolian Electronics (300585.SZ) announced that the company had recently received an "Administrative Penalty Decision" issued by the China Securities Regulatory Commission. The decision stated that Xu Mingjun disclosed by Aolian Electronics was in the per

On the evening of April 7, Aolian Electronics (300585.sz) announced that the company had recently received an "Administrative Penalty Decision" issued by the China Securities Regulatory Commission. The decision stated that Xu Mingjun disclosed by Aolian Electronics was in the perovskite field. There are misleading statements about its performance.

According to the announcement, the final result was a fine of 3 million yuan for the company and a total fine of 4.5 million yuan for relevant personnel. Information disclosed in the

announcement shows that the China Securities Regulatory Commission decided to order Aolian Electronics to make corrections, give a warning, and impose a fine of 3 million yuan.

In addition, Chen Guangshui, then chairman of Aolian Electronics, was warned and fined 1.5 million yuan. Xue Juanhua, then secretary of the board of directors of Aolian Electronics, was given a warning and fined 1 million yuan. Xu Mingjun, the then general manager of Nanjing Aolian Solar Technology Co., Ltd. (hereinafter referred to as "Aolian Solar"), a subsidiary of Aolian Electronics, was given a warning and fined 800,000 yuan. The then general manager of Aolian Electronics, Fu Zongchao, was warned and fined 600,000 yuan. Jiang Biao, then deputy general manager of Aolian Electronics, was warned and fined 600,000 yuan.

talked about the impact on the company and risk warnings. Aolian Electronics said that based on the circumstances identified in the "Administrative Penalty Decision", the company judged that the illegal information disclosure involved did not violate the "Shenzhen Stock Exchange GEM Stock Listing Rules" Severe violations of laws and forced delisting as stipulated in Articles 10.5.1, 10.5.2, and 10.5.3.

"As of the date of this announcement, the company's production and operation activities are operating normally, and the perovskite project is being promoted in an orderly manner." Aolian Electronics said it sincerely apologizes to investors for this incident. The company will carefully learn from experience and lessons, strengthen the standardization of internal governance, improve the quality of information disclosure, strictly abide by relevant laws and regulations, perform information disclosure obligations truthfully, accurately, completely, timely and fairly, and safeguard the interests of the company and shareholders.

A year ago, due to the falsified resume of Aolian Electronics partner Xu Mingjun (the then general manager of Aolian Solar), Aolian Electronics was in a deep crisis of trust, and the stock price of Aolian Electronics was "collapsed".

On the morning of February 21, 2023, Huaneng Clean Energy Research Institute issued a clarification statement regarding the inaccurate announcement issued by Aolian Electronics. On February 21, 2023 and February 22, 2023, that is, the day when Huaneng Clean Energy Institute issued the "Clarification Statement" and the next trading day, the stock price of Aolian Electronics fell by 29.92% cumulatively; during the same period, the GEM Index fell by 1.16% cumulatively, deviating from The value reached 28.76 percentage points; during the same period, the increase in the Wonder Perovskite Cell Index fell by 2.19%, and the deviation value reached 27.73 percentage points.

Previously, the stock price of Aolian Electronics, which was stepping into the perovskite trend, had been "wildly soaring", starting from 13.94 yuan/share. In less than two months, the stock price rose to a maximum of 45.24 yuan/share on February 9, 2023. The increase was as high as 225%, and the company's market value simultaneously increased from more than 2 billion yuan to 7 billion yuan. As of the close of trading on April 3, the share price of Aolian Electronics was only 14.67 yuan/share.

(This article comes from China Business News)