Infotmic Co., Ltd (000670.SZ) director and deputy general manager Li Jiawei's relatives engaged in short-term transactions and issued an apology.
18/11/2024
GMT Eight
Infotmic Co., Ltd (000670.SZ) announcement: On November 18, 2024, the company received a statement and apology letter from the company director and deputy general manager, Li Jiawei, regarding the short-term trading activities of his father, Li Zhenghuo, in the company's stock. It was found that Li Zhenghuo's recent buying and selling of the company's stock constituted short-term trading. As the selling price in this transaction was equal to the buying price, no profit was made, and therefore there is no issue of having to hand over profits to the company.
According to the statements and apology letters issued by Li Jiawei and Li Zhenghuo regarding the short-term trading activities of their family members: "The purchase in this transaction was due to an accidental operation when intending to buy stocks of a non-affiliated company on a mobile software platform. We deeply understand the seriousness of this matter, and are aware that short-term trading is a violation of the Securities Law. We sincerely apologize for the negative impact caused by this behavior. We promise to consciously abide by the relevant provisions of the Securities Law prohibiting short-term trading, not to sell company stocks within six months from the last purchase, and not to buy company stocks within six months from the last sale. We will learn from this lesson, continue to enhance our understanding of relevant laws and regulations, strictly comply with the regulations, and ensure that such situations do not occur again in the future."