Sep 27, 2021 08:32 PM (GMT+8) · EqualOcean
Cailian, September 27, * ST Changdong announced that yesterday, the company received an interim proposal put forward by the shareholder continental Entertainment Co., Ltd. to the board of directors in writing. During the tenure of the members of the board of directors, it not only did not make any change in the production and operation of Great Wall animation, but closed down the only Chuzhou film and television base with some revenue, Nor did it take any practical action to enhance the company's sustainable development and profitability, resulting in the suspension of the Great Wall animation business and increased losses; The board of directors of Shanxi Zhenxing control failed to be diligent and conscientious, which directly led to the fact that the guarantee liability solution and the payment guarantee No. 44 signed between Shanxi Zhenxing and the listed company could not be cashed, and the substantive solution of illegal guarantee failed. On the grounds of submitting the proposal on comprehensively reorganizing the board of directors and the board of supervisors of the company to the board of directors As an interim proposal, it will be submitted to the fifth extraordinary general meeting of shareholders in 2021 for deliberation.