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Check trademark Chengde Lulu, did not disclose the contract former Chairman has been denounced

Today, the Shenzhen Stock Exchange's announcement, said Chengde Lulu and Lulu signed by related parties involved "Lulu" trademark of the major contracts have not been made in accordance with related-party transaction rules necessary to examine and approve the program or failing to comply with disclosure obligations, the Exchange decided to give then-Chairman Wang Baolin publicly denounced the sanctions.
announced in November 2006, Lulu to Chengde Lulu Group purchased the shares held by the group "Lulu" trademark amounted to 127, 73 patents and domain names, bar codes and other intangible assets (total 301 million yuan), and in March 2008 for complete transfer procedures. April 26, 2007, and September 10, 2007, while who dew dew shares Chairman and dew dew Group Chairman of Wang Baolin, representative both respectively signed has trademark using license agreement, and name using license agreement, agreement provides, dew dew shares license dew dew Group continues to using dew dew shares has of "dew dew" trademark ten years, license dew dew Group continues to using "dew dew group" identifies ten years, dew dew group by agreement respectively one-time paid license fee Yuan 10,000 yuan and the 20,000 yuan. Lulu shares Lulu signed by related parties involved "Lulu" trademark of the major contracts have not been made in accordance with related-party transaction rules necessary to examine and approve the program or failing to comply with disclosure obligations.
Lulu Wang Baolin, Chairman of shares when he failed to fulfill his duties, perform integrity due diligence, in violation of relevant regulations, Shenzhen Stock Exchange to give Wang Baolin denounced sanctions and punishment imposed by the disciplinary and entered into a listed company credit file

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