Core Viewpoint - *ST Jintai is facing significant governance issues, particularly regarding its response to regulatory inquiries and internal disagreements among board members, which raises concerns about the company's financial practices and potential risks of fund misappropriation [1][2][3]. Group 1: Regulatory Inquiry and Board Disagreements - The company has not yet provided a satisfactory response to the regulatory inquiry from the Shanghai Securities Regulatory Bureau, which has been pending for over a month [1]. - A recent board meeting revealed deep divisions among board members regarding the response to the regulatory inquiry, with independent directors expressing concerns about the management's legal awareness and the adequacy of the investigation into fund flows [1][2]. - The board's decision to reject the proposal for a temporary shareholders' meeting further highlights the internal conflicts and lack of consensus on how to address the regulatory issues [1][2]. Group 2: Financial Practices and Risks - The company has been accused of potentially using related trade companies as channels for fund misappropriation, with auditors identifying unusual fund transfer patterns that raise red flags [2][3]. - Specific trade companies, including Ruinai Trading and Shanghai Yuerui Trading, have been flagged for their questionable relationships and financial practices, with auditors unable to confirm whether these entities are involved in fund misappropriation [2][3]. - Independent directors have raised concerns about the company's explanations regarding non-operating fund usage and the credibility of the identified trade companies, suggesting that the company's financial disclosures may not accurately reflect the situation [4][5]. Group 3: Allegations and Legal Actions - Allegations have surfaced regarding a person named Pei Jian, who is linked to previous financial misconduct cases involving the company, raising further concerns about the integrity of the company's financial practices [5][6]. - Some board members have reportedly filed police reports regarding suspected fund misappropriation, indicating a serious escalation in the scrutiny of the company's financial activities [7].

晶澳太阳能科技股份有限公司 第三条 公司临时报告和定期报告中所有有关关联交易的披露应当遵守公 司股票上市地证券监管规则的有关规定。 关联（连）交易决策制度 第二章 关联人和关联关系 （H 股发行并上市后适用） 第四条 本公司关联人包括符合《深交所上市规则》的关联法人（或者其他 组织）、关联自然人和潜在关联人和符合《香港上市规则》第 14A 章所定义的 关连人士。 第一章 总 则 第五条 具有以下情形之一的法人或其他组织，为公司在《深交所上市规则》 下的关联法人（或者其他组织）： 第一条 为进一步加强晶澳太阳能科技股份有限公司（以下简称"本公司" 或"公司"）关联/关连交易管理，保证本公司与关联人/关连人士之间订立的关联/ 关连交易合同符合公平、公正、公开的原则。根据《中华人民共和国证券法》《深 圳证券交易所股票上市规则》（以下简称"《深交所上市规则》"）、《香港联合 交易所有限公司证券上市规则》（以下简称"《香港上市规则》"）等法律、法规 和规范性文件以及《晶澳太阳能科技股份有限公司章程》（以下简称"《公司章 程》"）的规定，制订本制度，以确保本公司的关联交易行为不损害公司和全体 股东的利益。 第二条 公司对 ...