东兴证券2保代被监管警示 保荐云峰新材IPO履职不到位

Summary of Key Points Core Viewpoint - The Shanghai Stock Exchange has issued a regulatory warning to representatives Wang Hua and Lin Suqin for failing to fulfill their sponsorship responsibilities in the IPO application of Zhejiang Shenghua Yunfeng New Material Co., Ltd. [1][10] Group 1: Regulatory Findings - The representatives did not adequately verify and explain the situation where certain distributors and OEM suppliers under the trademark authorization model were controlled by the same individual [2][8] - The company's trademark authorization business accounted for 10% of its total revenue from 2019 to the first half of 2022 [8] - A significant distributor and an OEM supplier were found to be controlled by the same natural person, which was not properly investigated by the sponsor [2][8] Group 2: Internal Control Issues - The representatives failed to prudently verify the actual situation of the company's R&D management internal control system [3][9] - The R&D department did not maintain proper records of material usage, leading to an inability to track the whereabouts of R&D materials [3][9] - The sponsor allowed the company to send and receive confirmation letters, which indicates a lack of control over the confirmation process [3][9] Group 3: Regulatory Measures - The actions of the representatives were found to violate several articles of the Shanghai Stock Exchange's listing review rules [10] - As a result, the Shanghai Stock Exchange decided to issue a regulatory warning to both representatives [10] - The representatives are advised to adhere strictly to legal regulations and ensure the quality of information disclosure in future sponsorship activities [10]