What is the reason why Connie Electromechanical was investigated?

On the evening of August 22nd, Connie Electromechanical Co., Ltd. (60311) announced that on the same day, the company received the notice of filing an investigation by the CSRC. Because the company is suspected of violating laws and regulations in information disclosure, according to the relevant provisions of the Securities Law of People's Republic of China (PRC), the China Securities Regulatory Commission decided to initiate an investigation on the company.

Lawyer Liu Huahao of Guangdong Yuhuan Mao Jing Law Firm said that the investigation of Ni Kang Electromechanical may be related to the undisclosed external guarantee of Guangdong Longxin Technology Co., Ltd. (hereinafter referred to as Longxin Technology), a wholly-owned subsidiary acquired by Ni Kang Electromechanical at the end of last year.

According to the data, from June 22, 2008 to June 22, 2065438, Ni Kang Electromechanical Co., Ltd. submitted the Prompt Announcement on the Chairman of Loongson Technology's Suspected Violation of Guarantees and Significant Risks, and the Announcement on the Pledge and Freeze of More than 5% Shareholders Liao and His Concerted Actions, announcing that Liao, the chairman and general manager of Loongson Technology, the target company of the previous reorganization of the company, was suspected of taking advantage of his position to provide external guarantees in the name of Loongson Technology.

Then, on July 25th, 2008+2065438, Jiangsu Securities Regulatory Bureau of China Securities Regulatory Commission made the Decision on Taking Corrective Measures against Nanjing Ni Kang Electromechanical Co., Ltd., confirming that from September 2065438+2007 to 165438+ 10, Longxin Technology and Xiamen International Bank Co., Ltd. And on February 4, 20 17 17, Ni Kang electromechanical acquired 0/00% equity of longxin technology/kloc-0 by issuing shares and paying cash to purchase assets, and longxin technology became a wholly-owned subsidiary of your company. However, the above-mentioned external guarantee of Longxin Technology and the restriction on the use of monetary funds of RMB 304.5 million were not disclosed in the Report on Issuing Shares and Paying Cash to Purchase Assets and Raising Matching Funds and Related Party Transactions and the 20 17 Annual Report.

Lawyer Liu Huahao said that the undisclosed matters of the above-mentioned illegal guarantee of Ni Kang Electromechanical Subsidiary had a great impact on the share price of Ni Kang Electromechanical Co., Ltd., and its share price fell sharply. According to the relevant provisions of "Several Provisions of the Supreme People's Court on the Trial of Civil Compensation Cases Caused by False Statements in the Securities Market", if Nikang Electromechanical Co., Ltd. is given a formal administrative punishment by the CSRC for the above-mentioned illegal letter approval, the investors who have losses may file a claim lawsuit with the court according to law and demand Ni Kang Electromechanical Co., Ltd. to compensate for the loss of investment difference.

According to the data, on June 22, 2008, 2065438, Connie Electromechanical Co., Ltd. issued the "Prompt Announcement on the Chairman of Loongson Technology's Suspected Violation of Guarantees and Major Risks", and the closing price was 9.89 yuan. After the announcement, Connie Electromechanical's share price fell three times in a row. By the date when Kangni Electromechanical released the announcement of filing an investigation, the share price was only 5.28 yuan, and the share price dropped by as much as 46%, and the relevant investors suffered heavy losses.

Sina Shareholder Rights Protection Platform joined hands with lawyers Xu Feng of Shanghai Chuangyuan Law Firm, Liu Huahao of Guangdong Yuhuan Mao Jing Law Firm, Wang Zhibin of Shanghai Minglun Law Firm and Liu Guohua of Guangdong Benben Law Firm to collect investors' rights protection opinions. Investors can initiate a claim if any of the following conditions are met: