I. Illegal facts existing in the company
1. The related party relationship was not disclosed as required.
2. Failing to disclose related party transactions as required.
3. Failure to disclose non-operating capital transactions with Yaxing Group as required.
4.20 1 1 semi-annual report contains false records.
Two, the administrative punishment decision made by the CSRC
According to the facts, nature, circumstances and social harm of the illegal acts of the parties concerned, and in accordance with the provisions of Article 193rd of the Securities Law, the CSRC decided:
1. Yaxing Chemical was ordered to make corrections, given a warning and fined 400,000 yuan;
2. Give a warning to Chen Huasen and impose a fine of 300,000 yuan;
3. Give a warning to Cao Xibo and impose a fine of 200,000 yuan;
4. Zhang and Hao Yujiang were given warnings and fined 654.38 million yuan respectively.
Paragraph;
5. Give a warning to Wang Bo and Tang Wenjun and impose a fine of 50,000 yuan respectively;
6. Give warnings to, Yan Hui, Zhou Yang, Han, Pei and Fan Minghua respectively and impose a fine of 30,000 yuan;
7. Give, Dong Zhi, Lin Ping, Bi Yongchang, and Cui a warning.
Three. China Securities Regulatory Commission's decision to ban entry into the market.
On the same day, China Securities Regulatory Commission issued Announcement No.20 14, 20 13 1 Market Prohibition Decision. In view of the bad nature of Chen Huasen and Cao Xibo's illegal acts and the serious social harm consequences, according to the provisions of Article 233 of the Securities Law and Articles 3 to 5 of the Regulations on Prohibition of Securities Market, the CSRC decided: 1. Chen Huasen is regarded as a person prohibited from entering the market, and shall not engage in securities business or serve as a director, supervisor or senior manager of a listed company for 65,438+00 years from the date of announcement of the decision by the China Securities Regulatory Commission;
2. Cao Xibo is regarded as forbidden to enter the market, and shall not engage in securities business or serve as a director, supervisor or senior manager of a listed company for three years from the date of announcement of the decision by the China Securities Regulatory Commission. 20 12 On September 20th, Weifang Yaxing Chemical Co., Ltd. (hereinafter referred to as the company) received the Confirmation of Transfer Registration of China Securities Depository and Clearing Co., Ltd. Shanghai Branch from Weifang Yaxing Group Co., Ltd. (hereinafter referred to as Yaxing Group), and Shandong Salt Industry Group Co., Ltd. (hereinafter referred to as Shandong Salt Industry) acquired 55,232,797 shares of unrestricted shares held by Yaxing Group through agreement.
This equity transfer agreement (Pro 20 12-039) is detailed in the announcement of the company on September 7, 20 12.
After the completion of this share transfer, Shandong Salt Industry and Yaxing Group still hold 55,232,797 shares of the company, accounting for 65,438+07.5% of the company's total share capital, both of which are the largest shareholders of the company.