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April 12, * ST square (rights protection) (300301GalagaarcademachineSZ) announced that the company was placed on file for investigation by the China Securities Regulatory Commission on suspicion of illegal information disclosure.

The company disclosed that Kang Mingsheng, the company's holding subsidiary, was filed by the China Securities Regulatory Commission on suspicion of refusing and hindering the securities regulatory body and its staff from performing the functions of supervision and inspection in accordance with the law. The company carried out the correction of accounting errors caused by Kang Mingsheng, a factor company, and disclosed the relevant announcements on January 20, April 29, 2023 and August 30, 2023, respectively. During the period of filing the case for investigation, the company will actively cooperate with Kang Mingsheng in the relevant investigation work of the China Securities Regulatory Commission and fulfill the obligation of information disclosure in time in strict accordance with the provisions of relevant laws and regulations and regulatory requirements.

At present, the production and operation activities of the company are carried out normally, and at the same time, the company intends to value the Pingshan Industrial Park at the property exchange or its property exchange with an asset valuation of 322.0518 million yuan.GalagaarcademachineHis asset transfer platform is publicly listed for transfer, and the highest bidder wins. In order to accelerate the cooperation between the company and SPIC Shangdian (Guangxi) New Energy Co., Ltd. on the investment and construction of new energy projects, the company plans to invest in the establishment of a wholly-owned subsidiary Jiangxi Changfangyuan New Energy Development Co., Ltd. the registered capital is 20 million yuan, and the company holds 100% equity. According to the earlier announcement, the company plans to jointly develop, construct and operate new energy projects with SPIC Shangdian (Guangxi) New Energy Co., Ltd. in Jiangxi, Zhejiang, Guangdong, Chongqing and other regions, and jointly cooperate on the 200MW ground centralized photovoltaic project in Pengshui County.

(article source: Securities Times website)