The impact of the recent events of Foshan Lighting

The impact of the recent events of Foshan Lighting Foshan Lighting’s “unsatisfactory” Foshan Lighting cuts off the “mother-child” relationship and gradually abandons the lithium battery business. Limited company. According to the data, Qinghai Fozhao Lithium Battery was established in years and months, and its legal representative is Zhong Xincai, the former chairman of Foshan Lighting. According to the announcement, as of the end of the year, the company's operating income was, and the net profit loss exceeded 10,000 yuan. Foshan Lighting's actual investment in the company is 10,000 yuan, and the transfer price is 10,000 yuan. In this month, Foshan Lighting cancelled the Foshan Guoxuan Company, which had no actual business and had a loss of more than 10,000 yuan. As a traditional lighting company, Foshan Lighting's transformation of lithium battery new energy business was promoted by the company's former chairman Zhong Xincai. Zhong Xincai said in the year that the focus of his work will be on the new energy business of Foshan Lighting's new strategic direction, and he has made up his mind to 'do not withdraw from the new energy business if it fails.' However, from the perspective of the short-term effects of the transformation, Foshan Lighting has not gone smoothly. Several of its lithium battery business companies have either not operated normally or have been losing money. This month, Zhong Xincai stepped down as chairman of Foshan Lighting. It is speculated that the lithium battery business has lost its promoter at the company level. Lin Yihui told reporters that for the original investment projects that did not have much economic benefits and had poor market prospects, it would be better to make adjustments earlier and deal with them. Wu Yulin, chairman of the Foshan Lighting Association, analyzed to reporters that Foshan Lighting will definitely give up lithium batteries, and their re-establishment of thinking is to concentrate on lighting. The Guangdong Securities Regulatory Bureau disclosed that Foshan Lighting’s annual report, mid-year report and annual report, mid-year report and annual report were not disclosed with Foshan Schnoch California Electric Co., Ltd. (hereinafter referred to as Schnoch), Foshan Silangbo Enterprise Co., Ltd. (hereinafter referred to as The affiliated relationship and affiliated transactions of the (Hong Kong) Qinghai Tianji Rare Elements Technology Development Co., Ltd. (hereinafter referred to as Hong Kong Tianbai) and the joint funding of the establishment of Qinghai Fozhao Lithium Energy Development Co., Ltd. were also not disclosed. Related transactions. It is understood that behind the above-mentioned companies that have an associated relationship with Foshan Lighting, the two sons of Foshan Lighting Chairman Zhong Xincai are all hidden. On year, month, day, Foshan Lighting stated again that the company received the 'China Securities Regulatory Commission Investigation Notice' on year, month, and because of suspected violations of information disclosure, the company will actively cooperate in accordance with the relevant provisions of the 'Securities Law of the People's Republic of China' The investigation work of the supervisory authority. Until the day of this year, the China Securities Regulatory Commission's investigation into Foshan Lighting came to an end. The Guangdong Securities Regulatory Bureau believes that Foshan Lighting, Chairman Zhong Xincai, and other senior executives with prominent responsibility have been fined, warned and other administrative penalties due to violations of the company’s information disclosure. According to the 'Securities Law' and the judicial interpretation of the *High Court, listed companies should bear civil compensation liabilities for damages to the rights and interests of shareholders due to false statements. The matter is far from over. According to the CSRC’s civil liability requirements, investors who have traded between year, month, day and year, month and day, and sold or continue to hold Foshan Lighting’s A shares or Guangdong Lighting’s B shares , Shareholders who have suffered losses or presumed losses during the above-mentioned period may sue for compensation. According to Lawyer Li Jian from Zhejiang Yufeng Law Firm, he has now represented a shareholder from Zhejiang, Beijing, Fujian, Tianjin, Guangdong and other places in suing Foshan Lighting for 10,000 yuan. The Guangzhou Intermediate People’s Court has officially accepted the case. *Some investors will join the lawsuit in the near future. Li Jian is more optimistic about the prospects of prosecuting the Foshan Lighting case. According to his analysis, this is mainly due to three reasons. First, the facts of the false statement of Foshan Lighting are clear, including the fact that the supervisory authorities have also determined it; second, the illegal facts of Foshan Lighting are also investigated and closed by the Guangdong Securities Regulatory Bureau; third, the loss of investors It is clear that the investor's losses can be inquired from the statement of account during the period from year to month. Li Jian also said that he is currently waiting for the Guangdong Intermediate People's Court to announce the specific hearing time, because the number of people is different and the amount is different. I believe the court will select some cases for trial first.