Compacting the responsibility of the sponsor is not empty talk.

A few days ago, Chaozhuo Hangke (688237.SH) was placed on file for investigation by the CSRC on November 18 after nearly 60 million of the over-raised funds were removed without their knowledge.

The main reason is that Super Zhuo Hangke changed the use of IPO over-raised funds without authorization and did not disclose it "truthfully.

According to the summary of the announcement information, Chaozhuo Hangke announced on August 16 that its 59.95 million yuan of over-raised funds were used to purchase the structured deposit products of Zheshang Bank, but in fact the deposit was deposited into China Merchants Bank and became the margin of its banker's acceptances with other companies.

It is worth noting that Haitong Securities (600837.SH) and AVIC Securities need to supervise the use of this fund, as the joint sponsor and the continuous supervision institution after the listing.

strangely, the investigation by the relevant departments found that in the process of supervision, Haitong Securities and AVIC Securities have actually found that the over-raised funds deposited by Chaozhuohang Branch in China Merchants Bank have untrue disclosure of fund use and frozen bank deposits, but they have not carried out effective investigation and supervision in a timely manner.

not only that, Haitong Securities and AVIC Securities also claimed in the "2023 Semi-Annual Tracking Report on Continuous Supervision" that there were no irregularities in the information disclosure and management and use of raised funds during the continuous supervision of Chaozhuo Hangke.

This is not true.

On November 21, the Shanghai Stock Exchange issued regulatory warnings to Haitong Securities, AVIC Securities and the then continuous supervision and sponsor representatives Zhu Jisai, Chen Bangyu, Guo Weiming and Sun Jie.

"the continuous supervision institutions and relevant personnel of listed companies should take this as a warning, strictly abide by laws, regulations, rules and other normative documents and the business rules of the Institute in the process of performing their duties, and perform the obligation of loyalty and diligence. The authenticity, accuracy and completeness of the documents and materials on which the professional opinions are issued shall be verified and verified, and the documents produced and issued shall not contain false records, misleading statements or major omissions." The Shanghai Stock Exchange pointed out.

However, Haitong Securities and AVIC Securities still issued clear verification opinions on this despite knowing that the disclosure of the fundraising situation was not true. Whether they need to bear more joint and several liabilities to investors remains to be further investigated by the regulatory authorities.