Resign because of arrears of wagesThetancryptoThere is another senior executive of the listed company.
On the evening of May thirteenthThetancryptoCentury Xingyuan (R Xingyuan 1pm 400211), which has just been delisted into the delisting system, released its 2023 annual report and announced the resignation of several Dong Jiangao at the same time.
According to the announcement, Century Xingyuan recently received a written resignation report from Wu Xiangzhong, director and director of internal control of the company. Due to the unpaid salary of the company from January to April 2024, Wu Xiangzhong applied to resign as director and director of internal control of the company and will no longer hold any position in the company. As of the date of the announcement, Wu Xiangzhong did not hold shares in the company.
From January 30, 2024 to March 5, 2024, Century Xingyuan closed below 1 yuan for 20 consecutive trading days. On April 11, the Shenzhen Stock Exchange decided to terminate the listing of the company.
The financial report disclosed on May 13 shows that Xingyuan realized operating income in 2023.Thetancrypto94 million yuan, down 31% from the same period last yearThetancrypto.5%; a loss of nearly 200 million yuan, and losses have occurred in the past two years in a row. In addition, in 2023, the cash flow of Xingyuan operation changed from inflow to outflow, with an outflow of 22.53 million yuan.
However, in the first quarter of this year, Century Xingyuan's operating income was 36.76 million yuan, an increase of 30.5% over the same period last year; the loss was 1.52 million yuan, and the loss was reduced; and the company's operating cash flow also turned to inflow.
Century Xingyuan is mainly engaged in the development and investment of transportation, clean energy and water resources infrastructure projects. The company said that the relevant "harmless, reduced" engineering service business in the environmental protection industry is highly competitive and the annual market capacity has declined. In the future, the company will gradually form a competitive advantage in the manufacturing and sales of synthetic biomaterials and the production and sales of clean energy products, while shaping new main business.
According to the annual report, Wu Xiangzhong, the resigned director, has served in Century Xingyuan for many years and has served as deputy director of finance, director and director of internal control. In 2023, Wu Xiangzhong received a pre-tax reward of 344600 yuan from Century Xingyuan. In 2023, the total number of salaried employees in Century Xingyuan is 439.
On the evening of May 13, Century Xingyuan also disclosed that it had received the resignation of the independent director Chen Lvjun, who applied to resign from the independent director and all the posts held by the nomination committee, remuneration and assessment committee for personal reasons.
So far this year, there has been more than one case in which delisted executives resigned because of unpaid pay.
On April 11, Hongda Xingye, which is also delisted, received a resignation report from Lin Shaohan, deputy general manager, director and secretary of the board of directors. Lin Shaohan will no longer hold other positions in the company after his resignation.
The reasons for the resignation disclosed by Hongda Xingye showed that Lin Shaohan submitted his resignation to the company's board of directors because of the company's long-term arrears of labor remuneration and failure to pay social insurance. According to Hongda Xingye's 2022 annual report, Lin Shaohan received a pre-tax salary of 576800 yuan in 2022.