Buddha-Plastic shares dropped more than 4% in the exposure plate of waste-making boxes

NetEase Finance August 12 News of the Buddha-plastic shares in the evening announcement, the company recognized the illegal use of Hongji waste production foam meal box, and said that has set up an incident investigation and processing Task Force, investigate the incident, serious accountability to the responsible person.　　Today, the Buddha-plastic shares reported opening 12.4 yuan, the stock price fell all the way down, the lowest fell to 12.2 yuan, the decline reached 4.6%, turnover significantly enlarged. August 10, 2010, CCTV economic channel broadcast "How Garbage To change tableware" report, August 11, 2010, Guangzhou Daily also published the "CCTV Exposure: Buddha plastic with foreign garbage to make dinner box" article, and was reproduced in a number of media, the report said " Sun Hung Kai Branch of the illegal use of waste production of foam box, a monthly output of up to 1000 tons, that is, about 200 million per month production of such a one-time foam plastic tableware. "Buddha-Plastic shares said, by the company Self-Examination, the company shares 70%, by the Hongji branch management of Sino-Foreign Cooperative Enterprises Foshan Hong Hua Polyester Chip Co., Ltd. is suspected of illegally adding recycled materials production part of middle and low disposable foam tableware products.　　The workshop related equipment and products were Foshan by the quality and Technical Supervision Bureau of the seizure on August 10, 2010. Hong Hua Company's foaming Products 2010 1-June total output of 2539 tons, including 1667 tons of illegal products; 2010 1-June Sales total of 34.95 million yuan, including suspected illegal products operating income of 21.01 million yuan, suspected illegal products operating income accounted for the company's operating income ratio of 1.2%;　　2010 1-June suspected illegal products operating profit-1.04 million Yuan, 2010 1-June The operating profit of the company is 104.82 million yuan. The company said that the alleged violation of the operating behavior of the company is completely contrary to the purpose of the company's development direction.　　After the incident, the company immediately ordered Hong Hua to terminate all the one-time foaming tableware production and operation, and fully recover the issue of products to be destroyed. The company immediately set up an incident investigation and processing Task force to investigate the incident, serious accountability to the responsible person.　　Immediately to the company and the holding subsidiaries of the various operations conducted a comprehensive investigation, the results show that the other products are strictly in accordance with national laws and regulations of production and operation, no other illegal violations. The company said that as a major shareholder of Hong Hua Company, failed to effectively perform the duties of major shareholders, failed to detect and stop the company's suspected irregularities in a timely manner, the incident is responsible for oversight of the internal control, supervision is not in place. To this end, the company will profoundly accept the lesson of this incident, and further strengthen the internal control of enterprises.