Foshan Lighting is basically suspected of being involved in a related incident.

According to the announcement, Snooker and Slamba have suffered losses in the past three years. The two companies that Zhong Xincai’s second son, Zhong Yonghui, also jointly established a new company with Foshan Lighting (000541).
On the evening of July 12, Foshan Lighting finally responded to the case of “hidden connected transactions”. According to relevant announcements, the information published by the media in the reports in the past few days was basically true.

After a lapse of several days, although Foshan Lighting Chairman Zhong Xincai expressed his apologies to the board of directors and small and medium shareholders in the “Declaration Announcement”, the company’s share price has been 8.13 yuan/share urgently opened on July 6. It fell to 7.25 yuan/share at the close of July 12, and the cumulative decline in just 5 trading days has reached 10.8%. It is conceivable that as a shareholder of Foshan Lighting, the loss may not be compensated by “apologizing”.

Associated with 5 companies
The content of the Foshan Lighting Announcement is almost identical to the information previously known by the media. First of all, Snoopy is a wholly foreign-owned enterprise established by Zhong Yongliang, and Zhong Yongliang is the eldest son of Zhong Xincai; Slangbo is a limited liability company with Zhongyihui holding 95% of the shares, and Zhong Yonghui is the second son of Zhong Xincai.

Qinghai Power is a limited liability company with a 20% stake in Slamba; (Hong Kong) Skyline is a limited liability company registered in Hong Kong, and Zhong Xincai, the second son of Zhong Xinhui, holds a 29% stake in the company and serves as a director of the company. Shanghai Liangqi Company is a company registered in Shanghai by Zhong Xincai, the eldest son of Zhong Xincai. Zhong Yongliang holds 100% of the company.

According to relevant regulations, there are a total of five associations with Foshan Lighting.

Two son companies have suffered losses in successive years
According to relevant announcements, Schnoch and Slamba, which are controlled by the two sons of Zhong Xincai, have been in poor business for the past three years. Among them, except for the realization of a net profit of 65,000 yuan in 2009, in the remaining years, the net profit of Schnoqi and Slangbo were all losses, while at the same time, their operating income exceeded RMB 10 million. .

In addition, in Foshan Lighting in accordance with the requirements of the Guangdong Securities Regulatory Bureau, the “Amendment of the 2011 Annual Report” shows that in 2011, Foshan Lighting sold sales products and services to Slamba for a total of 4.68 million yuan, accounting for 0.21% of the similar transaction amount. The transaction amount of the company's sales of products and services to Foshan Lighting was only 440,000 yuan, accounting for 0.03% of the similar transaction amount.

Foshan Lighting sold the products and provided labor services to Schnock Company for a transaction amount of 1.08 million yuan, accounting for 0.05% of the similar transaction amount; Schnoch's transaction amount of sales of products and services to Foshan Lighting was 550,000 yuan, accounting for similar transactions. The amount is 0.04%.

Sub-shareholding companies are joint ventures with the company
It is particularly noteworthy that the relevant announcements show that Qinghai Foshan Lithium Energy was jointly established by Foshan Lighting with Qinghai Power (about 20% held by Zhong Yonghui), Hong Kong Sky (about 29% held by Zhong Yonghui) and other shareholders. Development Co., Ltd. and Qinghai Fozhao Lithium Electrode Material Co., Ltd., Foshan Lighting invested a total of 54.73 million yuan (cash), holding 38% and 51% shares of the two companies respectively; and Qinghai Power and Hong Kong Skymark only invested 10 million yuan. (Another capital contribution is based on patented technology), which holds 20% and 33% of the shares of the two companies respectively.

This time, several independent directors of Fozhao issued an "independent opinion" saying that the related party transactions "required for the normal business operations of the company and are legitimate business practices. The transaction pricing is based on market prices, fully withdrawing the principle of fairness and fairness." . At the same time, the related party transactions “have no adverse impact on the listed company and non-associated shareholders of the listed company and are in the best interests of the company and all shareholders”.

However, the related transactions that have accumulated savings for many years have not been disclosed. In the end, it is expected that the CSRC will order rectification.

This consequence is how the chairman of Foshan Lighting, Zhong Xincai, can explain why the relevant laws and related rules are misunderstood, and the timeliness, consequences and lack of understanding of the functions of the board of directors are explained. To whom should the losses of small and medium investors be explained?

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D-sub Connector Contacts
A D-sub connector is a form of connector commonly found in electronic and computer systems. It consists of a D shaped metal band and two or more parallel rows of either pin contacts (male) or socket contacts (female). D-sub connector contacts can vary in size, material, current rating, length and resistance.

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The D-sub connector contacts carry the signal from the source to the destination across the D–sub connection.

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