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Seven months after the termination of the Bona Precision IPO project, two underwriters and the project signing accountant of CITIC Securities received a regulatory letter

2024-08-11

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According to Red Star Capital Bureau on August 11, on August 9, the Shenzhen Stock Exchange disclosed theRegulatory letter regarding sponsor representatives Xie Bowei and Zhang Qiang"as well as"Regarding the supervision letter to the signing accountants Pan Chuanyun and Wu Yiyu”, which involves the IPO project Shenzhen Bona Precision Drug Delivery Systems Co., Ltd. (hereinafter referred to as “Bona Precision”).

According to the regulatory letter, on June 28, 2023, the Shenzhen Stock Exchange accepted the application of Bona Precision for initial public offering and listing on the Growth Enterprise Market recommended by CITIC Securities (600030.SH). Xie Bowei and Zhang Qiang, as the project sponsors, and Pan Chuanyun and Wu Yiyu, as the project signing certified public accountants, were found to have violated regulations during their practice, such as inadequate implementation of the Erecton verification procedures for the issuer's main customers and failure to conduct prudent verification of abnormal situations found during the visit.

The Shenzhen Stock Exchange pointed out that the prospectus and the response to the review inquiry showed that LLC PTC Erecton (Erecton for short) is a trading client of the issuer. During the reporting period, Erecton and its three related parties conducted transactions with the issuer and have become the issuer's top five customers and the largest overseas customer since 2021.