Chaori solar and relevant senior executives believed a violation been criticized by SSE communications

Polaris solar PV NET: Shenzhen stock exchange news, given the *ST Suri letter PHI violation multiple times, SSE *ST Suri and relevant executives decided and if any executives were criticized.

Shenzhen Stock Exchange found that Shanghai chaori solar energy science and technology company limited for the following violations:

On January 17, 2013, *ST Suri disclosure announcements expected 2012 loss of 900 million dollars from 1.1 billion dollars on February 28, 2013, *ST Suri reporting letters, expected 2012 loss of 1.369 billion yuan on April 27, 2013, *ST Suri unveiled annual report 2012-an audited loss for 1.675 billion dollars. *ST Suri disclosure in advance of their results, performance bulletins and audited financial data, there are significant differences.

*ST Suri in 2012-report today before the disclosure in litigation and arbitration matters involving 1.254 billion dollars, failing to comply with disclosure obligations, it was not until April 27, 2013 supplementary disclosure in 2012-report on April 27, 2013 to June 7, 2013, new litigation and arbitration matters involving 653 million Yuan and failing to comply with disclosure obligations, it was not until July 25, 2013 supplementary disclosure.

In August 2012, *ST wholly owned subsidiary Shanghai Suri Suri (Luoyang) solar ingot plant, with an annual output of annual output 140MW 180MW workshop production of silicon wafers. In November 2012, *ST Suri headquarter in Shanghai has an annual output of 100MW of solar cell production plant shutdown. December 2012, the Shanghai chaori (Luoyang) limited annual production capacity of 230MW solar cell plant shutdown. *ST ultra daily not to disclose the above production line down in time, it was not until December 28, 2012 supplementary disclosure.

In December 2012, *ST Suri subsidiary Shanghai chaori limited adjustment has been selling products at a price, reduced accounts receivable and revenue of 513 million dollars, failing to comply with disclosure obligations, it was not until April 27, 2013 in 2012-supplementary disclosures in the report.

SSE believes that *ST Suri in violation of relevant provisions of the Exchange above. *ST Suri, Chairman Ni Kailu, Director Tao, Liu Tielong, Vice President Li Xiangqian, Jiang Fuping, Chief Financial Officer Zhu Dong, Director when Ni Na, then-Director and Board Secretary Gu Chen Dong, then-General Manager Zhang Yuxin failed to fulfill their duties, perform integrity due diligence, in violation of regulations, such contraventions have important responsibilities to the company.

View *ST Suri and related parties of the above-mentioned violations the facts and circumstances, by Shenzhen Stock Exchange Disciplinary Committee, made the following decision:

*ST Suri, and given notice of criticism of sanctions;

Second, *ST, Chairman of Suri Ni Kailu, Director Tao, Liu Tielong, Vice President Li Xiangqian, Jiang Fuping, Chief Financial Officer Zhu Dong, Director when Ni Na, then-Director and Board Secretary Gu Chen Dong, then-General Manager Zhang Yuxin criticized the punishment.

*ST Suri and related parties the above-mentioned disciplinary infractions and above from the Shenzhen Stock Exchange, listed companies in Shenzhen Stock Exchange will be credited to file integrity, and announced to the public.

Original title: chaori solar and relevant senior executives believed a violation been criticized by SSE communications

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