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December 29, 2021PacmanbattleroyaleYiyang Telecom (stock code: 600289) issued a notice saying that the company and related parties had received a "decision on administrative penalty" issued by the Heilongjiang Securities Regulatory Bureau of the CSRC. Previously, the company received a notice of investigation from the China Securities Regulatory Commission on December 6, 2017.

It has been found that the illegal facts of Yiyang Communication are as follows: first, it has not been disclosed in time and the relevant information about external guarantee has not been disclosed in the periodic report. During the period from January 2016 to September 26, 2017, Yiyang ICT provided a total of 62 guarantees for related parties such as Yiyang Group Co., Ltd., Hong Kong Yiyang Industrial Co., Ltd., Yiyang Group Fuxin Industry and Trade Co., Ltd., Suifenhe Hande Trading Co., Ltd., with a guarantee amount of not less than 684555.Pacmanbattleroyale81 million yuan, the above-mentioned guarantee failed to fulfill the review procedures and information disclosure obligations. (2) failing to disclose in time and failing to disclose the non-operating occupation of funds by the controlling shareholders in the periodic report. By the end of 2017, Yiyang Group had occupied Yiyang ICT funds for a long time through Beijing Wuzhou Broadcom Technology Co., Ltd. in the form of a business contract with Yiyang ICT.PacmanbattleroyaleHis receivables 4Pacmanbattleroyale.69 billion yuan. As of November 2017, Yiyang Communication Group has paid 1.6185 million yuan to Zhang Xiaohong, the supervisor of Yiyang Group. Yiyang Telecom failed to fulfill its obligation to disclose information on the above situation in a timely manner in accordance with the regulations, nor did it disclose it in the relevant periodic reports in 2016 and 2017.

Lawyer Li Hongjie reminded that shareholders claimed Yiyang Xintong case, and the Beijing Financial Court had made a first-instance judgment on the demonstration case and ruled that Yiyang Communication Company should compensate the plaintiff for investment losses. According to the judgment of first instance, the investors who meet the claim conditions of Yiyang ICT stock are those who bought from January 8, 2016 to December 7, 2017, and sold or held the stock on or after December 8, 2017 and suffered losses. As a result, the limitation of action against Yiyang Communication is about to expire. Qualified damaged investors are required to protect their rights during the limitation period of the lawsuit, and the last bus of the claim will be missed after the expiration of the period. (the above is the preliminary judgment of the lawyer, and finally the effective judgment of the court shall prevail. )

(this article is contributed by Li Hongjie, a lawyer from Guangdong Julong Law firm, and does not represent the views of Sina Finance. Lawyer Li Hongjie has represented a dispute over the responsibility of investors claiming misrepresentation of listed companies: Guangdong Pearl (rights protection), Suoling shares (rights protection), Changyuan Group, Tongzhou Electronics, King Kong Glass, Beijing Culture (rights protection), Huayu Software (rights protection), Zhonggong Education (rights protection), Zhongtian Science and Technology (rights protection), Hi-Tech, Aurede, Xinjiang Haoyuan, Aerospace Communications, Tianrun entertainment, Tianma shares, Hermei Group. Baobaolong, Huaxun Ark, Xilong Science (rights protection), Hongxiang shares, Poly Union (rights protection), Shenzhen Chase and other cases. )