Titanium Media App reported on August 23 that ST Daji and relevant responsible persons received a prior notice of administrative punishment from the China Securities Regulatory Commission on August 23. HNA Group has passed the three-tier management structure of “HNA Group-Business Unit/Industry Group-Single Company” Actual management of subsidiary companies. In terms of finance, it implements integrated, vertical, three-level control and management of the whole group; in terms of funds, it implements integrated management of cash flow, and the funds are allocated by HNA Group; in terms of personnel arrangements, HNA Group will coordinate the formulation of management systems and unified appointments. Fixed post. ST Daji belongs to the aforementioned "single company" and lacks independence in financial capital management and control. Its financial transactions with related parties and the signing of external guarantee contracts are all completed under the organization and control of HNA Group. Daji failed to disclose non-operating related transactions and related guarantees as required. The above acts violated relevant laws and regulations. The CSRC issued a warning to the company according to law and imposed a fine of 2 million yuan; the then director and chairman Du Xiaoping was given a warning and a fine of 1 million yuan; Director Han Wei, then supervisor and chairman of the board of supervisors Wang Hui gave warnings and fined 700,000 yuan respectively; then vice president and director Hu Mingzhe gave warnings and fined 500,000 yuan; then board secretary, Director Li Zhongxu gave a warning and was fined 150,000 yuan.
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