董事长指示代理商隐匿排名？汉仪股份回应“未达披露标准”

Core Viewpoint - The relationship between Han Yi Co., Ltd. and its agent Shanghai Lu Men has come to light due to a lawsuit, revealing issues in the company's business model and governance [1] Group 1: Company Background - Han Yi Co., Ltd. was established in 1993 and is a leading company in the font design industry in China, having launched on the Growth Enterprise Market in August 2022 as the first font library listed company in A-shares [2] - The company's revenue from font software licensing accounted for over half of its income, with 2019 figures showing 123 million yuan from this segment, representing 58.02% of its main business revenue [5] Group 2: Legal Issues and Governance - A court ruling revealed that former sales director Xu Jiangang set up a company with his extramarital partner to act as an agent for Han Yi's font library, leading to allegations of misconduct and regulatory violations [1][9] - Han Yi's chairman, Xie Li Qun, allegedly instructed Xu to manipulate the ranking of the agent's business to avoid scrutiny during the IPO process, which could constitute a violation of securities laws [9][10] - The company did not disclose the relationship with Shanghai Lu Men in its IPO prospectus, which may represent a significant omission and could lead to administrative penalties [9][10] Group 3: Financial Implications - In 2019, Han Yi's total main business revenue was 212 million yuan, with over 93 million yuan coming from font licensing services, indicating a reliance on external agents for revenue generation [15][16] - The company faced a lawsuit from Shanghai Lu Men for overdue payments and damages, with the court ruling in favor of the agent, which Han Yi is appealing [15][20] Group 4: Regulatory Scrutiny - Regulatory bodies, including the Beijing Securities Regulatory Bureau and the Shenzhen Stock Exchange, have inquired about the relationship between Han Yi, Xu Jiangang, and the individual service providers, highlighting concerns over compliance and disclosure practices [20][22] - Han Yi claims that it was unaware of the hidden relationships until the lawsuit emerged, raising questions about its internal controls and governance practices [20][22]