Urge Huayang Science and technology "mend"

Shandong Office of the Bureau of Huayang Technology (600532) has made rapid and effective supervision, embodies the problem of the company "strict supervision, high-pressure supervision" attitude. In the July 23 China Securities newspaper "0 survey" column "who Huayang Science and technology" a paper, the Shandong Securities and Supervision Bureau combined with the day-to-day supervision of the situation, rapid action, the Huayang technology adopted a regulatory talks, on-site inspection, case-checking, District bulletin, such as a series of regulatory measures,　　and ask Huayang science and technology to accept sponsorship Agency for one year of counseling training, this is the second after the branch Tatsu shares of the national demand "recycled" listed companies.　　It is understood that the Shandong Securities and Regulatory Bureau has been the Huayang technology as a high-risk company focused attention, and the company's comprehensive inspection included in the work plan.　　Shandong Securities and Regulatory Bureau has also issued to all companies in the jurisdiction of Shandong Huayang Science and Technology Co., Ltd. violations of the Regulatory Bulletin (hereinafter referred to as "Regulatory Bulletin"), it points out that Huayang science and technology has four important problems in corporate governance, capital occupancy of large shareholder, nonstandard accounting and information disclosure. Initial investigation confirmed Huayang "four cases" learned, in this newspaper "Who's Huayang technology" a paper on the day, the Shandong Securities and Supervision Bureau is an appointment with the Huayang technology Chairman and the company's local government personnel talk, and emergency deployment of supervision force to implement on-site inspection.　　Through nearly 10 days of on-site inspection, the Shandong Securities and Regulatory Bureau further found that the company in the information disclosure, accounting and other aspects of the problem, and on the basis of the case for inspection.　　"Supervision Bulletin" shows that the Huayang science and technology issues are mainly concentrated in corporate governance, large shareholder capital occupancy, accounting standards and information disclosure four. First, there are large defects in corporate governance.　　Companies lack of independence, in personnel, assets, financial and Huayang group is not completely separated. Second, Huayang group occupies a large amount of Huayang technology and its holding subsidiary funds.　　It is understood that as of December 31, 2009, Huayang Group occupied Huayang Technology and its holding subsidiary of about 120 million yuan, the specific amount of money to be further inspection confirmation. "The use of funds is extremely covert, the company chose the local close relationship between the company as a bridge company, through the payment of prepaid funds to the bridge company, and then transferred to Huayang Group, the bridge company is also constantly changing," Shandong Securities and Regulatory Bureau supervisors told the Chinese security newspaper reporter, "in addition,　　Some of the money is also not accounted for, which greatly increased the difficulty of inspection, but the regulator seized the clues to find out, and finally found the large shareholder funds occupied by the facts.　　Third, the company's accounting is not standardized, the individual issues of accounting treatment is not timely, and there is a false accounting behavior, the use of some accounting subjects do not conform to the relevant provisions of enterprise accounting standards. Four, there are more problems in information disclosure.　　The main performance in a number of major issues have not been disclosed: the company and Huayang Group of non-operating funds transactions have not fulfilled the relevant review procedures, and did not disclose the provisions. Regulatory measures to the effective rectification of the initial success of the Huayang Science and Technology of a series of illegal acts, Shandong Securities and Supervision Bureau related negativeResponsible person said, always to the jurisdiction of the company's illegal behavior to maintain high pressure situation, adhere to the "timely detection, timely investigation" principle, to find problems, and quickly take including case-checking, regulatory talks, internal accountability, the repayment of the appropriation of funds, such as a series of regulatory measures. In view of the company's directors, supervisors, senior executives, weak legal awareness, corporate governance is not sound, the company to accept the sponsorship of a year of counseling training. Shandong Securities and Regulatory Bureau related officials said, Huayang technology's biggest problem is the lack of governance, which is the root of all the problems of the company.　　According to the introduction, the company on the surface and the Huayang group to maintain independence, but by the Shandong Bureau of Supervision and Inspection, found that the lack of independence in the operation of the company, the internal control system to stay on paper, and independent directors, supervisors have failed to perform the duties of supervision, to condone the company's illegal In response to the large shareholder's capital occupancy problem, Shandong Securities and Regulatory Bureau ordered Huayang Group immediately pay off all the money and interest.　　Up to now, Huayang Group has now basically paid off the money. Shandong Bureau also ordered Huayang Group, Huayang Science and technology to start internal accountability mechanism, in accordance with the internal system seriously responsible personnel.　　In addition to the Huayang Science and technology case-checking, Shandong Securities and Regulatory Bureau also launched an inspection procedure for the lad, and the audit business in Shandong area of the key inspection. Shandong Securities and Regulatory Bureau related officials also told reporters that considering that the case may have a certain impact on Huayang science and technology production and management, in order to better resolve the risk, the Huayang technology has been written to Shandong Province, Taian government, advised the local governments to take effective measures to prevent and defuse risks, and urge the company to carry out effective rectification. According to the introduction, the company's production and management is gradually on track.