Solemn statement about false reports on the Internet
Recently, an article written by a website called "Chairman of Xinhang Technology Cashed Out 5.4 Million Undisclosed Experts Calling for Increased Punishment" was reprinted by some websites that do not know the truth. This report has many subjective judgments and misinterpretations. The factual behavior has adversely affected Xinhang Technology and Chairman Dong Wei himself. In order to avoid speculation and concerns of the media, investors and all sectors of society, Hebei Xinhang Tower Technology Co., Ltd. solemnly declares:
First, the truth of the matter:
On September 10, 2015, the company held the resolution of the ninth meeting of the first board of directors (Announcement No .: 2015-023). The meeting considered and approved the "Proposal on Changing the Method of Stock Transfer of Hebei Xinhang Iron Tower Technology Co., Ltd.". On the same day, in accordance with the agreement between the company and the market maker, shareholder Dong Wei transferred 1 million shares of the listed company Hebei Xinhang Tower Technology Co., Ltd. (hereinafter referred to as "Xinhang Technology") to the market maker Hualin Securities through an agreement transfer. As a market-making treasury stock, according to the company's market-making plan, on September 16, Dong Wei transferred 2 million shares of Xinhang Technology to the market maker Donghai Securities Co., Ltd. as a market-making treasury share through an agreement transfer. According to the above facts, Chairman Dong Wei's transfer of stocks has been reviewed and approved by the company's board of directors. The stocks he sold were transferred to the market-making treasury stocks of the securities dealers through an agreement transfer, rather than a malicious sell-off in the market. Acts that harm the rights and interests of other shareholders;
Reason for punishment:
Chairman Dong Wei, because of the agreement to transfer 1 million shares on September 10, 2015, the shareholding ratio decreased from 60.95% to 59.48% after the transaction occurred. Because the secretary misunderstood the disclosure rules, he mistakenly believed that only when the transaction amount reached 5 %, Only when the report of changes in shareholders' equity is required to be disclosed, so the report of changes in equity cannot be disclosed within 2 days from the date of the fact. Subsequently, on September 16, Dong Wei again agreed to transfer 2 million shares. Until October 27, 2015, after the company was reminded by the company's stock transfer, the company secretary realized the error and supplementally disclosed the Report on Changes in Equity (Announcement No. 2015- 029). Due to the Supplementary Disclosure Report on October 27, Dong Wei's transaction on September 16, 2015 was an illegal transaction. On September 1, 2016, the company received the "Decision on Self-Regulatory Measures against Dong Wei" and requested the company to rectify the matter.
Reasons for issuing the statement:
1. A website was subjectively judged and misinterpreted the facts. In the report, the statement "Dong Wei, Chairman of Xinhang Technology cashed out 5.4 million undisclosed" has a purpose of confusing the eyes and ears to catch people's attention. The stock transfer company punished Dong Wei The reason is that his transfer of personal shares was not disclosed in a timely manner and caused trading irregularities. Dong Wei's transfer of shares was a normal transfer of market-making treasury shares without violations. These are two concepts that are essentially different;
2. In the report, "experts call for increased punishment for such infringements of other shareholders' rights." Firstly, the so-called experts have not been signed, and the authenticity of the identity of the experts is questionable. Second, the penalties were characterized as "infringement of other shareholders." "Rights and interests", this statement is irresponsible malicious speculation, which has constituted a violation of our company's reputation. The company reserves the right to pursue legal reports on the publishing website and author of this report;
3. After checking that the website does not have the qualification for news reporting, it claims to be the authoritative reporting website of the New Third Board. The content of the report not only misrepresents the facts and attracts attention, but also there are many names, words, and punctuation errors. In a spirit of journalism in a realistic manner, we should prevent the reporting and dissemination of unproven or intentionally misleading incitement.
Hebei Xinhang Tower Technology Co., Ltd. is the first new third board listed company in Hengshui City, one of the first 21 innovative companies in Hebei Province, and one of the top ten key companies in Taocheng District. Since its establishment, the company has achieved a series of outstanding achievements. The government's support, investor's support, and media attention are inseparable. The company will continue to carry forward the spirit of excellence and technological innovation to deepen the market and comprehensively improve its operating capabilities and profitability.
Finally, I would like to express my sincere gratitude to the individuals and units that have always supported, helped and encouraged the good development of Xinhang Technology!
Hebei Xinhang Tower Technology Co., Ltd.
September 9, 2016