Suspected of fraudulent issuance of shares! Jinya Technology was transferred to the Public Security Bureau by the Securities Regulatory Commission

According to the micro-message news, Jinya Technology recently announced that on June 25, 2018, the company received the “Send Report on Jinya Technology Co., Ltd. from the Shenzhen Stock Exchange and was transferred to the public security authority by the China Securities Regulatory Commission. Letter (GEM letter '2018' No. 40), the company’s illegal activities such as the issuance of stocks for fraud, was recently transferred to the public security authority by the China Securities Regulatory Commission, and the company’s stock was subject to a suspension of listing risk.

According to the announcement, on August 22, 2016, the Securities and Futures Commission conducted an investigation on Jinya Technology's suspected fraudulent issuance of stocks and other illegal activities. It has been verified that Jinya Technology inflated its IPO application materials in 2008, and in January-June 2009, it operated. Revenue, accounting for 47.49%, 68.97% of the operating income publicly disclosed in the current period; Inflated profits in 2008, January-June 2009, accounting for 85.96% of the publicly disclosed profits for the current period, 109.33%. According to the “PRC Criminal Law” and “ The Supreme People’s Procuratorate’s Ministry of Public Security’s regulations on the prosecution of criminal cases concerning the jurisdiction of public security agencies (Part 2) stipulates that Jinya’s actions are alleged to constitute the crime of fraudulent issuance of stocks. According to the “Regulations on the Transfer of Suspected Criminal Cases by Administrative Law Enforcement Agencies” and The relevant regulations, the Securities and Futures Commission has recently transferred the case to the public security agencies.

Pursuant to Article 13.1.1(8) of the Rules for Listing the GEM Stocks of the Shenzhen Stock Exchange (as amended in 2018), 'Listed companies are subject to administrative penalties by the China Securities Regulatory Commission for fraudulent issuance, or are legally transferred for crimes involving fraudulent issuance. For the public security engine, the Shenzhen Stock Exchange may decide to suspend the listing of its shares'. Jinya Technology stated that the company's shares will continue to suspend trading for one day on the next trading day of June 26, resume trading on June 27, and trade for 30 trading days. The Shenzhen Stock Exchange will suspend the company's shares on the next trading day after the expiration of the 30 trading days after the resumption of trading of the company's shares, and make a decision on whether to suspend the listing of the company's stocks within 15 trading days after the trading suspension.