Core Viewpoint - The announcement from Sierte (002538.SZ) regarding the transfer of a case involving former executives and intermediary personnel to the local prosecutor's office has caused significant concern in the brokerage community [1][5]. Group 1: Case Details - The case involves ten suspects, including former chairman Jin Guoqing and former general manager Jin Zhenghui, with charges including embezzlement, bribery, fraud, and issuing false VAT invoices [5]. - Notably, Sun Bin, a representative from the securities service intermediary, is also implicated and may become the first sponsor representative to be sent for prosecution in 2025 [5]. - The investigation was triggered by internal audits revealing irregularities in the accounts of a subsidiary, leading to a report filed by the company in January 2024 after several executives resigned [5]. Group 2: Financing History - Since its listing in 2011, Sierte has conducted four refinancing activities from 2014 to 2019, all sponsored by Guoyuan Securities [5]. - Sun Bin was involved in two significant financing projects: a private placement raising 1.07 billion yuan in September 2015 and an 800 million yuan convertible bond issuance in 2019 [5]. Group 3: Market Reactions - Sun Bin has been withdrawing from multiple ongoing projects since June 2025, raising market speculation about his status prior to the confirmation of his involvement in the Sierte case [6].

Core Points - The announcement by Sier Te (002538.SZ) on September 29 revealed that the Xuancheng Public Security Bureau has transferred a case involving former executives and intermediary personnel to the Xuancheng People's Procuratorate for review and prosecution [1] - The case involves ten suspects, including former Chairman Jin Guoqing and former General Manager Jin Zhenghui, with charges including embezzlement, bribery, fraud, and issuing false VAT invoices [1] - The implicated securities service intermediary, Guoyuan Securities, had representatives involved in Sier Te's financing projects from 2011 to 2019, including key fundraising efforts [1] Financing Projects - Guoyuan Securities' representative Sun Bin was involved in two significant financing projects for Sier Te: a directed issuance raising 1.07 billion yuan in September 2015 and an 800 million yuan convertible bond issuance in 2019 [2] - The investigation was triggered by internal audits revealing irregularities in the accounts of a subsidiary, Guizhou Lufang, after a change in shareholders at the end of 2023 [2] - Following the resignation of several former executives, including Jin Zhenghui, Sier Te reported the case on January 17, 2024 [2] Executive Changes - Sun Bin has been withdrawing from multiple listed company supervision projects since June 2025, indicating potential implications for his professional standing and the companies involved [2]

Core Viewpoint - The announcement from Sierte (002538.SZ) regarding the transfer of a case involving former executives and intermediary personnel to the local prosecutor's office has caused significant concern in the brokerage community [1] Group 1: Case Details - The case involves ten suspects, including former chairman Jin Guoqing and former general manager Jin Zhenghui, with charges including embezzlement, bribery, fraud, and issuing false VAT invoices [4][5] - Sun Bin, a representative from Guoyuan Securities, is also implicated and may become the first sponsor representative to be sent for prosecution in 2025 [4][6] Group 2: Financial Background - Sierte has conducted four refinancing projects from 2014 to 2019, all sponsored by Guoyuan Securities, including a private placement raising 1.07 billion yuan in September 2015 and an 800 million yuan convertible bond issuance in 2019 [5] - The investigation was triggered by internal audits revealing irregularities in the accounts of a subsidiary, leading to a report filed by the company in January 2024 [5] Group 3: Implications for Securities Industry - Sun Bin has recently withdrawn from multiple ongoing projects, raising market speculation about his status prior to the case's escalation [6] - The case highlights potential risks associated with the oversight and accountability of securities service intermediaries in financing projects [5][6]

Core Points - The company, Sierte (002538.SZ), has received a notice from the Xuancheng Public Security Bureau regarding the transfer of a case involving former executives suspected of embezzlement and other crimes [1] - The case involves multiple individuals, including former directors and senior management, who are accused of misappropriating substantial company assets and engaging in fraudulent activities [1][2] Summary by Sections - **Criminal Allegations**: The allegations include embezzlement of large sums from the company and its wholly-owned subsidiary, as well as fabricating transactions to misappropriate funds and obtain government subsidies [1] - **Legal Proceedings**: The case has been transferred to the Xuancheng People's Procuratorate for prosecution, with specific individuals named in the allegations, including charges of bribery and fraud [1] - **Company's Position**: The company is identified as a victim in the embezzlement case, and even if found guilty of unit crime, it would only face fines, with criminal responsibility primarily directed at the responsible individuals [2]

Core Viewpoint - The company is facing legal scrutiny due to allegations involving former executives and employees, including serious charges of embezzlement and fraudulent activities related to financial transactions and government subsidies [1][2] Group 1: Allegations and Legal Proceedings - The company received a notice from the public security bureau regarding the transfer of a case for prosecution, involving former directors and senior management accused of embezzling substantial assets from the company and its wholly-owned subsidiary [1] - Allegations include fabricating urea procurement transactions to misappropriate company funds, creating fictitious organic fertilizer sales to reclaim funds, and accepting fraudulent VAT invoices [1] - The company has been identified as a unit involved in the crime of issuing fraudulent VAT invoices, but potential penalties are limited to fines, with criminal responsibility primarily directed at the responsible individuals [2] Group 2: Implications for the Company - The company is considered a victim in the embezzlement case, which may mitigate the severity of penalties it faces if found guilty of unit crimes [2] - Future legal outcomes will depend on the findings of the judicial authorities, which will clarify the facts surrounding the allegations [1]

Core Viewpoint - The company Si Er Te (002538.SZ) is facing serious legal issues involving former executives who are accused of embezzlement and fraudulent activities, which may significantly impact its operations and financial standing [2]. Summary by Relevant Sections Legal Issues - The company has received a notice regarding the transfer of a case for prosecution, indicating that former executives are under investigation for long-term embezzlement of substantial assets from the company and its wholly-owned subsidiary [2]. - Specific allegations include fabricating urea procurement transactions to misappropriate company funds, creating fictitious organic fertilizer sales to reclaim some funds, and fraudulently obtaining government subsidies [2]. - The company has also been implicated in the crime of issuing false VAT invoices, which adds to the severity of the legal challenges it faces [2]. Criminal Charges - The local public security bureau has determined that the evidence against the former executives is clear and sufficient, leading to the case being forwarded to the local people's procuratorate for further prosecution [2].

安徽省司尔特肥业股份有限公司公告 证券代码：002538 证券简称：司尔特 公告编号：2025-43 安徽省司尔特肥业股份有限公司 关于公司收到《移送审查起诉告知书》和《委托诉讼代理人/申 请法律援助告知书》的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 2025年9月29日，安徽省司尔特肥业股份有限公司（以下简称"公司"）收 到宣城市公安局送达的《移送审查起诉告知书》和宣城市人民检察院送达的《委 托诉讼代理人/申请法律援助告知书》（宣检委代/申援〔2025〕7号），现将相 关信息披露如下： 一、《移送审查起诉告知书》 主要内容为："金政辉等人涉嫌职务侵占一案，我局认为犯罪事实清楚，证 据确实、充分，足以认定，现将该案移送至宣城市人民检察院审查起诉。" 主要内容为："本院已经收到宣城市公安局移送审查起诉的犯罪嫌疑人金政 辉、方君、黄席利、田明华、金国清、姚静、文继兵、周绍武、孙彬等人涉嫌职 务侵占罪，方君、孙彬等人涉嫌非国家工作人员受贿罪，金国清、方君、姚静、 文继兵、马磊等人涉嫌诈骗罪、虚开增值税专用发票罪一案的案件材料。根据《中 华人民共和国刑事诉讼法 ...

Meeting Overview - The first extraordinary general meeting of shareholders for 2025 was held on September 25, 2025, at 14:30, in Hefei, Anhui Province [3][4] - The meeting combined on-site and online voting methods [6] Attendance - A total of 226 shareholders with voting rights attended, representing 216,690,443 shares, which is 28.5824% of the total voting shares [8] - Among them, 25 shareholders attended in person, representing 202,406,446 shares (26.6983%), while 201 participated via online voting, representing 14,283,997 shares (1.8841%) [8] Proposals and Voting Results - The following proposals were approved during the meeting: 1. **Amendment to the Articles of Association**: Approved with 209,653,076 votes in favor (96.7523%) [10] 2. **Establishment and Revision of Internal Governance Systems**: Approved with 210,524,676 votes in favor (97.1546%) [13] 3. **Election of Non-Independent Directors**: Five non-independent directors were elected for a three-year term [15][16] 4. **Election of Independent Directors**: Three independent directors were elected for a three-year term [19][20] Board of Directors Composition - The seventh board of directors consists of 9 members: 5 non-independent directors, 3 independent directors, and 1 employee representative [33][34] - The board members were elected on September 25, 2025, with terms running from September 25, 2025, to September 24, 2028 [33] Management Appointments - The following management positions were filled: - **General Manager**: Yuan Qirong [24] - **Deputy General Managers**: Yuan Peng, Fang Li, Lin Feng, Yang Zhong [26] - **Chief Financial Officer**: Meng Qingyu [28] - **Board Secretary**: Wu Changhao [29] - **Securities Affairs Representative**: Zhang Sumin [30] - **Internal Audit Head**: Tang Youzhi [32] Legal Opinion - The legal opinion provided by Anhui Chengyi Law Firm confirmed that the meeting's procedures and voting results complied with relevant laws and regulations [36]

Core Viewpoint - The company Si Er Te (司尔特) announced the election of Mr. Li Xiaowei as the employee representative director of the seventh board of directors [1] Group 1 - The announcement was made on the evening of September 25 [1] - Mr. Li Xiaowei has been elected to represent employees on the board [1]

Core Viewpoint - The company Si Er Te announced the election of Yuan Qirong as the chairman [2] Group 1 - Si Er Te released an announcement on the evening of September 25 [2]