China News Service, Beijing, September 2 (Reporter Xia Bin) Li Dongsheng, chairman of TCL Technology, issued an explanation on his Weibo on the 2nd, restoring the whole story of selling and buying stocks the day before, and expressed his willingness to assume corresponding responsibilities.
On September 1, the trading service personnel entrusted by Li Dongsheng mishandled due to a mistake in entering the securities code, and sold 5 million shares of the company at 13:03 on September 1, with a transaction amount of RMB 35,909,839.00 (RMB, the same below), and on the same day The above 5 million shares were bought back at 14:48 pm, with a turnover of RMB 35,764,669.91.
In response, Li Dongsheng said that shortly after the market opened yesterday (1st) afternoon, I learned that due to the misoperation of the trader I commissioned, 5 million shares of the company's stock had been sold in my account.
I immediately asked the secretary of the board to consult with lawyers, intermediaries and regulatory agencies, and learned that this operation was illegal, but if I bought it back immediately, it would constitute another violation.
How to deal with it should be decided by myself.
Li Dongsheng further stated that I decided to buy back 5 million shares in the market from the perspective of restoring the truth of the matter, safeguarding the interests of the company and shareholders, and safeguarding the principle of integrity of executives.
In an announcement previously issued by TCL Technology, Li Dongsheng declared that I will belong to the company for the income generated by this misoperation, and the transaction taxes and fees generated shall be borne by me, and I accept the legal responsibility for the misoperation.
He also said that in order to prevent similar situations from happening again, he has withdrawn the account management rights and managed by himself.
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