Lu Xiao Technology withdrew refinancing application and was sentenced to resign

Luxiao Technology announced on the afternoon of May 5th that the company is not expected to complete the fixed-income work and withdraw the refinancing application documents; Dongshen Cai Shen submitted his resignation. Cai Shen had been under criminal detention.

The announcement shows that the resolution of the shareholders' meeting of the non-public offering of Luxiao Technology will soon exceed the validity period. It is expected that the non-public issuance work will not be completed before the expiration. The company has agreed with the three stock subscription agencies to agree, and after consultation with the sponsor institution Dongxing Securities, decided to take the initiative. Withdrawal of this non-public offering of stock application documents.

On May 10, 2013, Luxiao Technology held an extraordinary general meeting of shareholders, reviewed and approved relevant proposals on the company's non-public offering of shares, and submitted the application documents to the CSRC on May 16 last year. According to the plan, the company will increase the investment of 140 million shares to the special electromagnetic line by three parties, including the Huaying Future Fund, at a price of 7.06 yuan/share, and raise an investment of about 970 million yuan.

Lu Xiao Technology also announced that the company received a written resignation report submitted by Cai Shen on May 5 this year. Cai Shen was unable to perform the duties of the company's board secretary and deputy general manager for personal reasons and decided to resign from the company's board secretary and vice president. Manager position.

Prior to this, on April 26, Lu Xiao Technology received a notice from the Economic Investigation Bureau of the Zhejiang Provincial Public Security Bureau. The company’s board secretary Cai Shen was suspected of committing a crime and was detained for criminal reasons. The reason is unknown. According to public information, Cai Shen was born in 1961. He has a junior college degree and has served as a state-owned enterprise technician, workshop director, branch factory director, director and general manager of Sino-foreign joint venture company; chief and deputy general manager of investment management department of Furun Group Printing and Dyeing Co., Ltd. .

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