Chairman of FSL "insider trading" new development resignation

According to reports, FSL evening announcement, the board received on August 30th the chairman of Mr. Zhuang Jianyi written resignation, because it is to accept the Guangdong Securities Regulatory Commission investigation, in order not to affect the normal operation of the company, the chairman resigned from the company to apply for.

The company said that the resignation of the resignation from the board of directors came into effect during the vacancy of the chairman, vice chairman Zhong Xincai on behalf of the chairman to perform duties. The company will be completed as soon as possible the vacancy of the chairman of the election and related follow-up work.

On the evening of August 12th, FSL announced that Zhuang Jianyi, chairman of the board of directors of the company recently, the Secretary of the board of directors, respectively, the Commission received the Guangdong Securities Regulatory Commission issued a notice of investigation, the. Notice shows that, due to the two alleged violations of securities laws and regulations, the Guangdong securities regulatory bureau decided to initiate an investigation.

Zhuang Jianyi, the new chairman, took office less than three months, was investigated by the securities and futures commission. Announcement did not disclose the specific circumstances of the two violations. But the market speculation, may be suspected of insider trading. FSL is a well-known A shares of cash cows, from 1993 to start listing every year to continue to send dividends now, its secretaries have been ten consecutive years, the gold secretaries. But last September, FSL announced to enter the field of new energy, a large number of executives traded stock, and the transaction time hold accurate, criticized.

In April this year, media reports, vice chairman of the company Zhuang Jianyi, the FSL board of directors before the vote to enter the field of lithium energy bill for about 15 days, two times in the two stage lighting market to buy Guangdong B shares, spent a total of funds of approximately HK $400 thousand. Once in August 25, 2009, to $5 / share to buy Guangdong lighting B2 million shares; another is August 31st, to $4.85 / share to buy Guangdong lighting B6 million shares, but in this day, FSL issued to all the directors of the board of directors meeting held "written notice of the establishment of a joint venture in Qinghai fozhao lithium energy the development of limited motion" meeting.