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on the evening of september 4, gengxing stock (600753) announced that the company noticed media reports that the company's former management still kept the company's seals and certificates in the office. at the same time, the company learned that the fuzhou municipal market supervision administration received a statement that the company's seals and certificates had never been lost.

up to now, the relevant personnel of the company's original management have not yet handed over the company's seals and certificates and documents to the relevant personnel of the company's current management and documents. the company's seals and certificates and documents are out of control, causing a continuous adverse impact on the company's normal operations.

gengxing co., ltd., which has "exposed its own dirty laundry", is currently staging an internal struggle between the new and old management.

in march this year, 79.9296 million shares of gengxing held by the original controlling shareholder zhonggeng real estate group co., ltd. (hereinafter referred to as "zhonggeng group") were auctioned off by the court. zhejiang haixin energy co., ltd. (hereinafter referred to as "haixin energy") won 55.5 million shares, accounting for 24.1% of the company's total share capital, becoming the new controlling shareholder. the actual controller of the listed company was also changed from liang yanfeng to zhong renhai.

in recent months, haixin energy has repeatedly proposed to hold an extraordinary shareholders' meeting to re-elect the board of directors, but all were rejected by the original board of directors. it was not until july 31 that haixin energy, as the initiator of the extraordinary shareholders' meeting, successfully dismissed eight members of the original board of directors and completed the management transition.

however, in recent days, the dispute between the new and old controlling shareholders of gengxing co., ltd. has escalated again.

an announcement from gengxing co., ltd. on august 29 showed that the company's eighth board of directors dismissed tang yonglu and three others from their positions as general manager, secretary of the board of directors, and deputy general manager. all three will no longer hold any other positions in the company.

on the same day, the company announced that according to the relevant provisions of the articles of association, the chairman of the company is the legal representative of the company. the relevant personnel of the original management of the company should check and hand over the company's seals and certificates to the relevant personnel of the current management of the company, and the relevant personnel of the current management will re-determine the departments and personnel for the custody of the seals and certificates in accordance with the regulations. however, as of the date of the announcement, the relevant personnel of the company said that the company's seals and certificates had been lost and failed to go through the relevant transfer procedures.

in an announcement on the evening of the 4th, gengxing co., ltd. stated that the company has sought help and support from local governments, public security organs, and industrial and commercial administrative authorities, and will actively take relevant legal measures in the future and continue to use various legal and compliant methods to recover or reissue the company's relevant seals, certificates and documents.

in addition, the company also reminded that during the period when the company's relevant seals and certificate information were out of control, the company would not recognize any contracts, agreements, documents of a contractual nature or other written documents signed by anyone using the above seals, and all legal consequences and responsibilities arising therefrom have nothing to do with the company, and the company will pursue the legal responsibilities of the relevant responsible persons and pursue all losses caused to the company in accordance with the law.

in addition to the loss of control of official seals and certificate information, gengxing co., ltd. was also reported by the media that members of the new management team were prevented from entering the office area by the building security guards on the grounds that they "had not received any notification from the company."

on september 2, gengxing co., ltd. announced that due to actual business needs, the company plans to relocate its office address from "33rd floor, building 1, zhonggeng global creative center, no. 166 minhong road, minhang district, shanghai" to "room 708, 7th floor, hongqiao 1819 office building, no. 1819 wuzhong road, minhang district, shanghai".

against this background, on the evening of september 4, the shanghai stock exchange issued a regulatory work letter to gengxing co., ltd., requiring the company to clarify regulatory requirements on matters related to the company's official seal and license documents, involving listed companies, directors, supervisors and senior management.

earlier, on the evening of august 29, gengxing co., ltd. also announced that it had received a regulatory work letter, the reason being that "some independent directors made clear regulatory requirements for the non-authenticity of the 2024 semi-annual report." previously, when reviewing the 2024 semi-annual report, the company's independent director yu lixin cast an abstention vote, stating that she could not guarantee the authenticity, accuracy, and completeness of the company's semi-annual report.

public information shows that gengxing co., ltd. currently operates around bulk commodity trading business, which mainly focuses on coal, coke and other coal chemical products.

in the first half of this year, gengxing co., ltd.'s losses widened, with revenue of 223 million yuan, a year-on-year increase of 6.7%; the net profit attributable to the parent was a loss of 36.5884 million yuan, compared with a loss of 19.7412 million yuan in the same period last year.

the company said that due to market factors such as the decline in coking coal prices and insufficient downstream effective demand in the first half of 2024, the scale of the company's commodity supply chain business declined. from january to june 2024, the company's commodity supply chain management business achieved operating income of 213 million yuan, an increase of 1.89% year-on-year.

in addition, in terms of strategic transformation, gengxing shares steadily promote the company's gradual transformation from traditional old energy to new energy. at present, the company's charging operation stations have been opened and operated in shanghai, fuzhou, hangzhou, zhangzhou and quanzhou. during the period, the utilization rate of charging guns continued to increase, and the business is still in an orderly advancement stage. from january to june 2024, gengxing shares' charging operation business achieved operating income of 9.7821 million yuan, accounting for 4.38% of the company's operating income.