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there is new progress in the matter of the “disappeared board of directors” of chunhou fund.

on the last working day before the mid-autumn festival (september 14), the shanghai securities regulatory bureau announced at one time eight fines previously issued to chunhou fund, involving fund managers, chairmen, general managers, shareholders, etc.

the above-mentioned fine shows that the penalty was issued in march this year. among them, chunhou fund was ordered to make corrections within three months, and the company's public fund product registration applications and new private asset management plan filings will be suspended during the rectification period; chairman jia hongbo shall not serve as a director, supervisor or senior manager of a public fund manager within three years from the date of receipt of the decision letter; liu zhiwei was ordered to make corrections within 60 working days from the date of receipt of the decision letter, and transfer all of his shares in chunhou fund to qualified transferees within the aforementioned period.

chunhou fund received a regulatory fine

chunhou fund and its shareholders and senior executives received eight fines issued by the shanghai securities regulatory bureau for failing to perform equity affairs management obligations in accordance with the law, and failing to accurately judge the impact of shareholders on the company's operations and management and report relevant information in a timely manner in accordance with the law after being aware of the company's relevant equity changes.

the fine shows that the aforementioned violations of chunhou fund reflect the company's imperfect internal governance structure, and its behavior seriously endangers the company's stable operation. in order to prevent and deal with related risks, the shanghai securities regulatory bureau urged chunhou fund to stop related illegal and irregular behaviors andchunhou fund is ordered to make corrections within three months from the date of receipt of the decision letter. during the rectification period, the company's public fund product registration applications and new private asset management plan filings will be suspended.

in addition, the csrc determined that the 2023 annual report, 2024 first quarter report and 2024 second quarter report of the fund products publicly disclosed by chunhou fund did not prepare the important reminder section in accordance with relevant regulations, which violated article 25 of the "information disclosure management measures for publicly offered securities investment funds" (csrc order no. 158, revised by csrc order no. 166).

according to the first paragraph of article 35 of the “administrative measures for information disclosure of publicly offered securities investment funds”, the shanghai securities regulatory bureau decided to take administrative supervision measures to order chunhou fund to correct its mistakeschunhou fund shall submit a written report before august 31, 2024. the shanghai securities regulatory bureau will continue to pay attention to and inspect the rectification of chunhou fund in its daily supervision.

the chairman and general manager were also punished

in addition to the fund manager, the chairman and general manager of chunhou fund were also punished.

the shanghai securities regulatory bureau believes that jia hongbo, as the chairman of chunhou fund, is the primary person responsible for the company's equity affairs management and is responsible for the company's failure to fulfill its equity affairs management obligations in accordance with the law.

in accordance with the provisions of article 68, paragraph 1 of the public fund managers regulations, the shanghai securities regulatory bureau decided: jia hongbo is determined to be an inappropriate candidate and shall not serve as a director, supervisor or senior manager of a public fund manager within three years from the date of receipt of the decision.the company shall make a decision to remove jia hongbo from his relevant positions within 30 working days from the date of receipt of the decision letter, and report in writing to the shanghai securities regulatory bureau within 3 working days from the date of making the decision.

as a shareholder and general manager of the company, xing yuan is responsible for the company's failure to perform its obligations in accordance with the law in managing equity affairs. according to the first paragraph of article 68 of the "regulations on public funding managers", the shanghai securities regulatory bureau decided to take administrative supervision measures against it through supervisory talks。

at the same time, when xing yuan decided to dispose of the shares of chunhou fund she held, she failed to fulfill her obligation to report major events in a timely manner as required. order it to make corrections within 30 working days from the date of receipt of the decisionbefore correcting the illegal behavior, the shareholder shall not exercise the shareholder's voting rights, dividend rights, pre-emptive subscription rights, right to review and copy, and other shareholder rights stipulated in the company's articles of association.

liu zhiwei, li xionghou, etc.

multiple shareholders were punished at the same time

several individual shareholders of chunhou fund were also punished by regulators.

the shanghai securities regulatory bureau stated that upon investigation, liu zhiwei signed a chunhou fund equity transfer agreement with several people and paid the equity transfer fee, which seriously affected the company's equity structure and corporate governance stability and had a significant impact on the company's operations. liu zhiwei failed to fulfill his obligation to report major events in a timely manner as required, violating article 23, paragraph 1 of the securities investment fund law of the people's republic of china and other provisions.

in accordance with the provisions of article 23, paragraphs 2 and 3 of the fund law, the shanghai securities regulatory bureau decided:

liu zhiwei was ordered to make corrections within 60 working days from the date of receipt of the decision and to transfer all of his shares in chunhou fund to a qualified transferee within the aforementioned period.before the transfer of all equity interests is completed, the shareholder shall not exercise the voting rights, dividend rights, priority subscription rights, inspection and copy rights and other shareholder rights stipulated in the company's articles of association.

when li xionghou, the former chairman and founding shareholder of chunhou fund, and another shareholder dong weijun decided to dispose of their shares in chunhou fund, they failed to fulfill their obligations to report major matters in a timely manner as required, violating the provisions of article 23, paragraph 1 of the securities investment fund law of the people's republic of china.

the csrc ordered li xionghou and dong weijun to make corrections within 30 working days from the date of receipt of the decision letter. before correcting the illegal acts, they are not allowed to exercise shareholder voting rights, dividend rights, preferential subscription rights, right to review and copy, and other shareholder rights stipulated in the company's articles of association.

second largest shareholder liu zhiwei is suspected of multiple illegal and irregular behaviors

the company said it has actively rectified

previously, chunhou fund issued a "clarification announcement on the triple identities and related situations of chunhou fund's second shareholder liu zhiwei".

chunhou fund stated that recently, many news platforms have continued to pay attention to and report on the fact that liu zhiwei, the second largest shareholder of chunhou fund management co., ltd., has three identities, involving many domestic and foreign listed companies and asset management companies.

in april 2024, the company did find effective evidence that the second largest shareholder, liu zhiwei, had three identities. the details are as follows:

(1) liu zhiwei holds two sets of second-generation resident identity cards of the people’s republic of china, with numbers 33010619671020**** and 43250119671020**** respectively.

(2) liu zhiwei was approved to immigrate to hong kong in december 2009 and was issued a hong kong identity card with number r80321* (*) by the immigration department of the government of the hong kong special administrative region. no later than may 26, 2017, liu zhiwei had obtained hong kong permanent resident status.

(3) liu zhiwei confirmed that the original holder of the above-mentioned people's republic of china resident identity card and the holder of the hong kong resident identity card are the same person, namely liu zhiwei himself. the company believes that the second largest shareholder liu zhiwei is suspected of multiple illegal and irregular behaviors.

on april 24, 2024, the company will formally submit the relevant report to the regulatory authorities after sorting out the above-mentioned evidence clues and relevant circumstances, and the regulatory authorities will further verify and issue handling opinions. the company will also continue to pay attention to follow-up and disclose the relevant matters in a timely manner.

chunhou fund stated that in order to effectively protect the interests of all shareholders of the company from being infringed by the above-mentioned issues, the company has immediately and comprehensively implemented risk isolation and separation measures with the shareholder and his related persons since the discovery of the matter. at present, the company's senior management, investment research team and employees are stable and free of any operating risks. all the company's business and management are progressing as usual. chunhou fund will continue to adhere to prudent operations and live up to the trust and support of investors.

chunhou fund also stated that since receiving the regulatory penalty, the company has actively made rectifications, and during this period, the company has reported all equity-related matters to the regulatory authorities in a timely, complete and full manner. in accordance with the requirements of laws and regulations and company regulations, jia hongbo's chairman and director powers have been suspended.