ST AOKANG (603001.SH) announced that on May 16, 2024, the company received China Securities Regulatory Administration...
Zhitong Finance App News, ST Aokang (603001.SH) announced that on May 16, 2024, the company received the “Administrative Penalty Decision” issued by the Zhejiang Regulatory Bureau (“Zhejiang Securities Regulatory Bureau”) of the China Securities Regulatory Commission. The relevant details are now announced as follows:
It was discovered that the parties involved Zhejiang Aokang Shoes Co., Ltd. (hereinafter referred to as Aokang Co., Ltd.), Wang Zhentao, the chairman and actual controller of Aokang Co., Ltd., Wang Jinquan, then general manager of Aokang Co., Ltd., and Weng Heng, the financial director and board secretary of Aokang Co., Ltd., had the following illegal facts:
From 2021 to 2022, under Wang Zhentao's organization and arrangement, Aokang Co., Ltd. transferred the company's capital through a third party to Baixiangru Flying Shoes Clothing Store in Ouhai, Wenzhou and Aoguang Shoe Store in Yongjia County controlled by Wang Zhentao. The above acts constituted non-operating capital occupation by the actual controller and its related parties. From 2021 to April 2023, Wang Zhentao used the influence of listed companies to negotiate with dealers. The dealer remitted the purchase price to the bank accounts of Baixiangru Flying Shoes Clothing Store in Ouhai, Wenzhou and Aoguang Shoe Store in Yongjia County controlled by Wang Zhentao, causing delays between the dealer's repayment and the listed company. The above acts are matters involving the transfer of resources or obligations between a listed company and a related party, and constitute a related transaction.
Taking into account the aforementioned use of funds and the amount of related transactions, the funds and interest have all been returned, the related transactions have been stopped, and the parties have actively cooperated with the investigation, inquiry and provision of materials; the Zhejiang Securities Regulatory Bureau decided to order the correction, give a warning, and fine of 3 million yuan; give a warning to Wang Zhentao and impose a fine of 3 million yuan; Wang Jinquan was warned and fined 800,000 yuan; and Weng Heng was warned and fined 800,000 yuan.