Evergrande Real Estate, Kaisa and Guangxi Wantong were publicly condemned by the Shenzhen Stock Exchange

　　China News Service, February 9 (China News reporter Wu Jiaju) Recently, Evergrande Real Estate, Kaisa, and Guangxi Wantong were publicly condemned by the Shenzhen Stock Exchange.

　　According to the website of the Shenzhen Stock Exchange, on February 8, the Shenzhen Stock Exchange issued a decision on publicly condemning Evergrande Real Estate Group Co., Ltd. and related parties.

　　It was found that Evergrande Real Estate Group Co., Ltd. (hereinafter referred to as Evergrande Real Estate) and relevant parties had the following violations:

　　According to the provisions of Article 3.2.2 of the Shenzhen Stock Exchange's "Corporate Bond Listing Rules (2022 Revision)" (hereinafter referred to as the "Bond Listing Rules"), the issuer shall within four months from the end of each fiscal year and each Within two months from the end of the first half of the fiscal year, the annual report for the previous year and the interim report for the current year shall be submitted and disclosed to the Shenzhen Stock Exchange. Evergrande Real Estate failed to submit and disclose the 2022 interim report and 2022 annual report within the above-mentioned time.

  Picture from Shenzhen Stock Exchange website

　　The above-mentioned behavior of Evergrande Real Estate violated the provisions of Article 1.5, Article 1.6 Paragraph 1 and Article 3.2.2 of the Bond Listing Rules of the Shenzhen Stock Exchange.

　　Zhao Changlong, the then chairman and general manager of Evergrande Real Estate, and Qian Cheng, chief financial officer and head of information disclosure, failed to fulfill their duties and fulfill their obligations of integrity and diligence, violating Articles 1.5 and 1.6 of the Bond Listing Rules of the Shenzhen Stock Exchange. The provisions of paragraph 2 bear important responsibility for the above-mentioned violations of Evergrande Real Estate.

　　In view of the above-mentioned violation facts and circumstances, and in accordance with the second paragraph of Article 6.3 of the Bond Listing Rules of the Shenzhen Stock Exchange, and upon review and approval by the Disciplinary Committee of the Shenzhen Stock Exchange, the Shenzhen Stock Exchange has made the following disciplinary decision:

1. Publicly condemn Evergrande Real Estate Group Co., Ltd.;

2. Publicly condemn Zhao Changlong, then chairman and general manager of Evergrande Real Estate Group Co., Ltd., and Qian Cheng, chief financial officer and head of information disclosure affairs.

　　On February 8, the Shenzhen Stock Exchange issued a decision on publicly censuring Kaisa Group (Shenzhen) Co., Ltd. and relevant parties.

　　It was found that Kaisa Group (Shenzhen) Co., Ltd. (hereinafter referred to as Kaisa) and relevant parties had the following violations:

　　According to Article 33 of the Shenzhen Stock Exchange’s “Listing Rules for Non-Public Issuance of Corporate Bonds (2022 Revision)” (hereinafter referred to as the “Bond Listing Rules”), the issuer shall within four months from the end of each fiscal year and within two months from the end of the first half of each fiscal year, submit and disclose the previous year's annual report and this year's interim report to the Shenzhen Stock Exchange respectively. Kaisa failed to submit and disclose the 2022 annual report and 2023 interim report within the above specified time.

  Picture from Shenzhen Stock Exchange website

　　Kaisa's above-mentioned behavior violated the provisions of Article 5, Article 6, Paragraph 1, and Article 33 of the Bond Listing Rules of the Shenzhen Stock Exchange.

　　In view of the above-mentioned violation facts and circumstances, in accordance with the provisions of Article 77, Paragraph 1, Item 2 of the Bond Listing Rules of the Shenzhen Stock Exchange, and upon review and approval by the Disciplinary Punishment Committee of the Shenzhen Stock Exchange, the Shenzhen Stock Exchange has made the following disciplinary decision:

1. Publicly condemn Kaisa Group (Shenzhen) Co., Ltd.;

2. Publicly condemn Huang Mukai, chairman and general manager of Kaisa Group (Shenzhen) Co., Ltd., Wang Qingsheng, chief financial officer, and Luo Yang, head of information disclosure.

　　On the same day, the Shenzhen Stock Exchange issued a decision on publicly condemning Guangxi Wantong Real Estate Co., Ltd. and related parties.

　　It was found that Guangxi Wantong Real Estate Co., Ltd. (hereinafter referred to as Guangxi Wantong) and relevant parties had the following violations:

　　According to the provisions of Article 33 of the Shenzhen Stock Exchange’s “Listing Rules for Non-Public Issuance of Corporate Bonds (2022 Revision)” (hereinafter referred to as the “Bond Listing Rules”), the issuer shall report to the Shenzhen Stock Exchange within four months from the end of each fiscal year. The Shenzhen Stock Exchange submits and discloses the annual report for the previous year. Guangxi Wantong failed to submit and disclose the 2022 annual report within the above-mentioned time.

　　The above-mentioned behavior of Guangxi Wantong violated the provisions of Article 5, Article 6, Paragraph 1, and Article 33 of the Bond Listing Rules of the Shenzhen Stock Exchange.

　　Guangxi Wantong Chairman Xu Xiaoxia, General Manager Yi Xiaodi, and Financial Manager and Information Disclosure Manager Han Bin failed to fulfill their duties and fulfill their obligations of integrity and diligence, violating Articles 5 and 6 of the Shenzhen Stock Exchange's "Bond Listing Rules" The provisions of paragraph 2 bear important responsibility for the above-mentioned violations of Guangxi Vantone.

  Picture from Shenzhen Stock Exchange website

　　In view of the above-mentioned violation facts and circumstances, in accordance with the provisions of Article 77, Paragraph 1, Item 2 of the Bond Listing Rules of the Shenzhen Stock Exchange, and upon review and approval by the Disciplinary Punishment Committee of the Shenzhen Stock Exchange, the Shenzhen Stock Exchange has made the following disciplinary decision:

1. Publicly condemn Guangxi Wantong Real Estate Co., Ltd.;

2. Give public censure to Xu Xiaoxia, chairman of Guangxi Wantong Real Estate Co., Ltd., Yi Xiaodi, general manager, and Han Bin, chief financial officer and head of information disclosure affairs.

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