SFC rejects Nanjing North China penalty application

Nanjing North-Central (000421) today, the SFC maintained its decision to punish the illegal disclosure of information, and the SFC imposed a penalty of 300,000 yuan on its application for exemption from administrative penalties. It is reported that by the SFC investigation, Nanjing in the North 2003, 2004 Annual report, in the bank loans, bills payable, related party occupation, related party security and other aspects of fraud.　　After the above problems were confirmed, the SFC issued the "Decision on administrative penalty" to Nanjing North-central April 2, decided to give the company and part of the directors and senior executives corresponding administrative penalties, of which the listed companies made a 300,000-yuan administrative penalty decision. April 30, Nanjing, north of the administrative review of the application of the law, the request to exempt the company 300,000 Yuan administrative punishment. The SFC considers that the administrative punishment decision, the facts are clear, the evidence is valid, the procedure is lawful, the punishment is appropriate. According to the provisions of the first paragraph of article 28th of the Administrative reconsideration law of the People's Republic of China, the decision "upheld".