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The Ministry of Ecology and Environment exposed in its press release on 21 June the problem of heavy metal pollution of Yunnan Luoping Zinc and Electricity Co., Ltd. (hereinafter as “the Company”). According to the release, the outstanding problem of heavy metal pollution discovered during the first round of the Central Environmental Inspection in 2016 is worsened rather than being resolved, posing a serious threat to the water environment in the upper reaches of the Pearl River.
SZSE adopted regulatory measures as soon as it learned this information, making telephone enquiries to the Company and requesting that it disclose and respond to the case on the same day. SZSE sent the Company a letter of concern urging it to immediately check its previous disclosure of environmental information to see if there is violation of laws and regulations and to investigate the impact of the case on the Company’s business activities. SZSE reminded the Company to make rectification as soon as possible and timely disclose the progress and duly honor its obligation to of information disclosure.
During SZSE’s previous review of the Company’s 2017 annual report, we noticed that it failed to disclose relevant environmental information in an authentic, accurate and complete manner as required by CSRC in the Standards for Contents and Formats of Annual Reports concerning major pollutant dischargers. In the letter of enquiry issued to the Company regarding its annual report, SZSE required it to make additional disclosure. However, we have not received its reply. After the press release, with reference to the information therein, SZSE carefully rechecked the Company’s previous information disclosure, suspecting the Company of not timely disclosing information on major environmental pollution and other violations. In regard to the Company’s alleged violation of relevant provisions of the Rules Governing Share Listing and Guidelines for the Standard Operation of Listed Companies on SME Board, SZSE has instituted the denouncement disciplinary procedure against the Company and parties concerned to sternly deal with its violation.
SZSE attaches great importance to the disclosure of environmental protection information of listed companies, having seriously dealt with recent disclosure violations of ST*SWGC and Huifeng Agrochemical. Next, under CSRC’s leadership, SZSE will fully and strictly regulate the disclosure of environmental protection information of listed companies according to the laws and continuously urge listed companies to duly disclose relevant information. SZSE will severely crack down and resolutely deal with similar violations. Moreover, SZSE will take various measures to urge listed companies to fight and win the pollution control battle, so as to actively help build the ecological civilization.
