劲爆！易主竟未公告

Core Viewpoint - The article discusses the undisclosed agreements and potential changes in control at ST Yinjing, highlighting regulatory actions taken against its major shareholder and the implications for corporate governance [2][4][11]. Group 1: Regulatory Actions - On December 16, the Zhejiang Securities Regulatory Bureau and the Shenzhen Stock Exchange issued warning letters to ST Yinjing's major shareholder, Yinjing Group, and its actual controller, Wang Hui, for failing to disclose several agreements related to voting rights and control [2][4]. - The undisclosed agreements include a cooperation framework agreement and a voting rights delegation agreement, which raise questions about potential changes in actual control [2][4]. Group 2: Financial Agreements - Yinjing Group entered into a loan agreement with Shanghai Yuanzhuo, which included a provision for delegating voting rights of 10.3% of ST Yinjing's shares to Shanghai Yuanzhuo in exchange for financial support to resolve fund occupation issues [4][5]. - A subsequent memorandum stipulated that the voting rights would be delegated based on the actual loan amount, with governance structure changes proposed for the board of directors [5][6]. Group 3: Governance and Disclosure Issues - Board member Peng Xiaoyong raised concerns about the board's failure to disclose the agreements, asserting that the actual control of the company is uncertain and should have been communicated to investors [8][9]. - Despite Peng's submission of the undisclosed agreements to the board, ST Yinjing has not yet made this information public, which raises questions about the board's independence and compliance with disclosure obligations [9][11]. Group 4: Board Restructuring - On December 16, ST Yinjing announced a board restructuring process, nominating candidates for the seventh board of directors, despite ongoing disputes regarding control and governance [13][14]. - Board members Peng Xiaoyong and Cai Yang opposed the restructuring, citing the lack of disclosure regarding the voting rights agreements and the potential infringement on the interests of related parties [14][15].