On April 24, Shenzhen Sunrise New Energy Co., Ltd. ("Sunrise" or "the Company") disclosed its 2019 annual report, in which five directors, three supervisors and four senior management members of the Company declared that the truthfulness, accuracy and completeness of the Company's annual report cannot be guaranteed. SZSE paid close attention to this and immediately issued a letter of concern. SZSE required the above-mentioned personnel of the Company to perform their duties faithfully and diligently, and issue an auditor’s report of disclaimer of opinion on the Company's consecutive losses in 2018 and 2019 and 2019 financial reports. SZSE will give delisting risk warning on the Company since the trading began on SZSE on April 27.
A new objection system for directors, supervisors, and senior management members to the information disclosed by listed companies is added into the new Securities Law, which came into effect on March 1 this year. The purpose of which, by clarifying the objection procedures, is to urge directors, supervisors and senior management members to fully exercise their right to review information and fulfill their obligations faithfully and diligently. The objections of directors, supervisors, and senior management members do not represent that they perform duties diligently nor they may be exempted. For those who fail to perform their duties faithfully and diligently, SZSE will seriously punish them in accordance with the rules and regulations.
As the management and governance members of a listed company, directors, supervisors and senior management managers have the duty of loyalty and diligence to the listed company and its shareholders, and should abide by the principle of good faith to conscientiously perform their duties and protect the rights and interests of investors in accordance with laws and regulations and the company's Articles of Association. Relevant information disclosure obligors including the listed company and its directors, supervisors and senior management managers shall, strictly abiding by the Securities Law, Administrative Measures for Disclosure of Listed Companies and other laws, administrative laws and regulations, ministerial rules and the Rules Governing Share Listing, enhance the standard of operation, improve the quality of information disclosure, and build a true and transparent listed company for investors.
