North Shandong Chemical Co., Ltd publicly condemns China-hong property being punished by SFC

The announcement was issued in the afternoon to the public condemnation of Shandong Northern Chemical Co., Ltd., Shandong Northern Group Corporation, Shandong Northern Chemical Co., Ltd., Chairman Feng Jiutian. It is found that North Shandong chemical and its controlling shareholder of North Shandong Group, the company chairman Feng Jiutian, etc. in the performance of information disclosure obligations and the internal review procedures for major issues are the following violations: first, North Shandong Group and its affiliated companies in the 2008 and northern Shandong Chemical Industry has accumulated 989 million yuan, and the 2008 end of the balance of 234 million yuan, the above act is a free lending listed companies funds to the controlling shareholder and its associated party to use the Act; second, February 11, 2009, North Shandong Group and Datang Shandong Power Generation Co., Ltd. entered into a contract, the agreement will be north Shandong Chemical 5 Thermoelectric units 120,000-kilowatt to 96 million yuan to the Datang Shandong Power Generation Co., Ltd., is expected to produce 96 million yuan income, the company's 2009 profit has a substantial impact,　　The company's share price changed sharply in November 2009.　　On December 13, 2009, the company convened a board of Trustees to consider the matter and disclose it on December 14, 2009.　　The company's above-mentioned acts seriously violate the relevant regulations of the SFC, the company chairman Feng Jiutian as the representative of the management of the company's information disclosure violations bear the corresponding responsibility. In view of the above-mentioned irregularities and circumstances, the SSE made the following disciplinary decision: to Shandong North Shangdong Chemical Co., Ltd., Shandong Shangdong Province Group Corporation, Shandong Northern Chemical Co., Ltd. Chairman Feng Jiutian, director Liu Xigang, Wu Yuri, Feng Yi Shen, Li Dezhou, Fan Benjiang, general manager King Jinliang, deputy general manager Feng Litan,　　Hong Hongxuan, the convenor of the Board of Supervisors Li Shize, Supervisors Wu Zongwen, Hong Honghua, the Secretary of the Board of Directors Tanaka public condemnation.　　At the same time, SSE will announced the Shandong provincial People's government, and will be counted into the listed company credit Records. St North of the annual report shows that the company to achieve the main business income of 347 million yuan, down 56.88%, net profit-47.9877 million yuan, down 92.91%, per share earnings-0.14 yuan.