Fine Made Microelectronics Group (stock code 300671.SZ) Controlling shareholder and actual controller received Shenzhen Securities Regulatory Bureau administrative penalty decision.

The Fine Made Microelectronics Group (300671.SZ) announced that the company's controlling shareholder and actual controller received an "Administrative Penalty Decision" issued by the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission. The decision points out the following illegal facts regarding Crystal Hong Kong: Between July 14, 2020, and August 26, 2021, as the controlling shareholder of the Fine Made Microelectronics Group, Crystal Hong Kong's shareholding in "Fine Made Microelectronics Group" decreased by a cumulative 6.5053% of the company's total share capital. Between July 14, 2020, and June 18, 2021, Crystal Hong Kong sold a total of 8.8021 million shares of "Fine Made Microelectronics Group," accounting for 5.389% of the company's total share capital. On June 18, 2021, Crystal Hong Kong's cumulative shareholding decreased to 5%, and it failed to submit a written report in a timely manner to the China Securities Regulatory Commission and stock exchanges and disclose the change in equity report. Between June 18, 2021, and August 26, 2021, Crystal Hong Kong did not stop trading as required, and during this period, it sold 3.0846 million shares of "Fine Made Microelectronics Group," accounting for 1.5053% of the company's total share capital; the amount sold was 319 million yuan, resulting in a loss of 50.8648 million yuan. On August 26, 2021, Crystal Hong Kong supplemented the "Simplified Equity Change Report" regarding the aforementioned decrease in shareholding to 5%. When Crystal Hong Kong's shareholding decreased to 5%, it did not fulfill its reporting and disclosure obligations as required, violating Article 63, Paragraph 2 of the Securities Law, constituting illegal disclosure of information as described in Article 197, Paragraph 1 of the Securities Law. Liu Jingyu, as the actual controller, sole shareholder, and director of Crystal Hong Kong, was the decision-maker for the aforementioned transactions and is directly responsible for the illegal disclosure of information by Crystal Hong Kong. Crystal Hong Kong's sale of "Fine Made Microelectronics Group" shares during the restricted transfer period violated Article 36, Paragraph 1 and Article 63, Paragraph 2 of the Securities Law, constituting illegal transfer of shares during the restricted period as described in Article 186 of the Securities Law. Considering that Crystal Hong Kong fulfilled its disclosure obligations each time the shareholding decreased by 1%, voluntarily corrected the non-disclosure of the decrease to 5%, and had relatively minor social harm, in accordance with Article 197, Paragraph 1 and Article 186 of the Securities Law, the Shenzhen Bureau of the China Securities Regulatory Commission decided: 1. Give a warning to Crystal (Hong Kong) Limited for the illegal disclosure of information and impose a fine of 1 million yuan, and give a warning to Liu Jingyu and impose a fine of 500,000 yuan. 2. Give a warning to Crystal (Hong Kong) Limited for the illegal transfer of "Fine Made Microelectronics Group" shares during the restricted transfer period and impose a fine of 3.2 million yuan.