The Buddha-Plastic shares apologized for the "foreign Junk food Box" incident

A few days ago, CCTV and other media exposure Foshan has a company to import waste materials, the production of a national ban on the one-time foaming tableware large-scale sales, Buddha-Plastic shares (000973) affiliated branches involved. Be pushed to the cusp of the Buddha-plastic shares today issued a notice, recognition of the holding subsidiary Foshan Hong Hua Polyester Chip Co., Ltd. suspected of illegally adding recycled materials to produce some 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.　　The company said it would do its best to recover the products sold and destroy them, and apologized to the public.　　Buddha-Plastic shares of Tung Lohan, the securities times, said in an interview, yesterday, the company's board of directors of the media related issues held a meeting to discuss and verify the investigation. Confirmed that the company shares 70%, by the Hongji branch management of Sino-Foreign Cooperative Enterprises Foshan Hong Hua Polyester Chip Co., Ltd. tableware shop suspected of violating the rules. 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 workshop related equipment and products also on August 10 by the Foshan quality and technical supervision of the seizure.　　At the same time, the Buddha-plastic shares immediately set up an incident investigation and processing Task Force, thoroughly investigate the incident, serious investigation of the responsibility of the responsible person; immediately to the company and the holding subsidiaries of all the business conducted a comprehensive investigation, the results show that other products are strictly in accordance with national laws and regulations of production It is reported that the Hong Hua Company's foaming products (including disposable tableware and Packaging sheet) 2010 1-June total output of 2539 tons, of which 1667 tons of alleged violations of products; 2010 1-June Sales total of 34.95 million yuan, of which allegedly illegal products operating income of 21.01 million yuan,　　Suspected illegal products operating income accounted for the proportion of business income of the Buddha-plastic shares of 1.2%; 2010 1-June suspected illegal products operating profit is negative 1.04 million yuan, 2010 1-June Buddha-Plastic shares operating profit of 105 million yuan. Buddha-Plastic shares said that this suspected violation of the operating behavior of the company's operating purposes, and the company's new energy, materials industry high-end development direction of the contrary, for the company. Company as a major shareholder of Hong Hua Company, failed to effectively perform the responsibilities of large shareholders, failed to detect and stop the company's suspected illegal business activities in a timely manner, the incident has the responsibility of internal control oversight, oversight is not in place. To this end, the company's board of directors apologized to the public and pledged to the community to profoundly accept the lessons of this incident, and further strengthen the internal control of enterprises, to ensure legal compliance operation.