Former senior executives of Yue Fu Wah are punished by SFC for insider trading

Yue Fu Wah (000507) disclosed today, the company's former executives Li Teng and staff Huangwen August 27 received the SFC "administrative penalty decision." According to the relevant provisions of the securities law, the SFC investigated and tried the insider trading of Li Teng and Huang Wenfeng, and the case has now been investigated and concluded.　　The SFC decided to confiscate $69,400 from the illegal income arising from insider trading and to impose a fine of $69,400, Huangwen the illegal income arising from insider trading and fined 48,800 Li Teng. The insider trading case originated three years ago. June 14, 2007, Yue Fu Wah announced shares of Enterprises Guang Zhu Power Generation Liability Co., Ltd. 680 million yuan dividend scheme, and announced that the investment income of 123 million yuan, the first half of 2007, the performance of 650%-700%. During this period, Li Teng operation of its parent securities account on June 12, 2007 to buy more than 30,000 shares Yue Fu Hua, and in the dividend plan announced the day sold, profit 69,400 Yuan.　　Huangwen operation of his sister account in the period from June 1 to 14th, has bought and sold 30,900 shares of Yue Fu Hua, profit 48,800 yuan.　　The CSRC concluded that Li Teng and Huangwen knew about the insider information of the Foreign investment dividend scheme of Yue Fu Hua and the operation of the "Yue Fu Hua" stock before the disclosure of insider information, which violated the relevant provisions of article No. 202 of the securities law, which constituted the insider trading behavior. The announcement, Yue Fu Wah on May 17, 2008 announced the original senior executives Li Teng on suspicion of illegal trading company shares by the SFC to investigate matters.　　Yue Fu Wah said that the punishment of the above-mentioned acts occurred in 2007, Li Teng and Huangwen have resigned, no longer the company staff, the current Director, Supervisors and senior management will take this as a ring, to ensure that the company according to law, standardize operation, to prevent the recurrence of such acts. Guangdong Fuhua also announced today the issuance of a corporate bond programme to improve capital structure, repay bank loans and replenish liquidity, the company is expected to be the basis of December 31, 2009 to the parent company's shareholders ' equity, the size of the proposed distribution is not more than 500 million yuan (including 500 million yuan, about 5 million), The actual issue size is capped at 40% of the last net assets of the company prior to issuance, and the company bond period does not exceed 8 years (including 8 years).