新黎明IPO终止后遭到上交所通报批评 存在两大违规问题

Core Points - New Dawn Technology Co., Ltd. faced disciplinary action from the Shanghai Stock Exchange due to multiple violations during its IPO process [2] - The company and its actual controller, Chairman and General Manager Zheng Zhenxiao, received a disciplinary notice, along with two sponsoring representatives from Huatai United Securities and three signing lawyers from Beijing Deheng Law Firm [2] Violation Details - The first violation involved concealing the interest arrangements between the actual controller Zheng Zhenxiao and former employee Ma, who was employed by a supplier after leaving the company and received indirect compensation through a subsidiary [4] - New Dawn's inconsistent statements regarding a 1.45 million yuan transfer to Ma's account raised concerns about the clarity of its equity structure and issuance conditions [4] - The second violation was related to severe mismanagement of the company seal, with discrepancies between the submitted seal usage records and the business system approval records [5] - There were instances of the seal being taken out without proper approval, notably by Zheng Zhenxiao's son, indicating significant internal control deficiencies [5] Company Response and Future Implications - New Dawn and Zheng Zhenxiao claimed that Ma's salary was "labor remuneration" and justified the seal's unauthorized use due to the "special identity" of the actual controller's son, but these defenses were rejected by the exchange [5] - The company voluntarily withdrew its IPO application in November 2024, eight months after the penalties, which may hinder its future IPO prospects [5] - New Dawn specializes in explosion-proof electrical equipment and aimed to raise 558 million yuan in 2023, with Zheng Zhenxiao holding a 56.82% stake [5]