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(Original title: Former director detained, case filed for investigation, HNA representative voted against Guilin Tourism's election of new director: losses not yet fully ascertained)

On the evening of August 5,Guilin Tourism(000978.SZ, stock price 6.22 yuan, market value 2.912 billion yuan) issued an announcement, saying that the company held a board meeting that day and reviewed and approved a proposal to elect a non-independent director. The reporter of "Daily Economic News" noticed that for this proposal, the company's director Gui HaihongNo vote。

The background of the by-election of directors of Guilin Tourism is that the former director and vice president Ting Lin was investigated and detained for suspected violations of discipline and law, and was expelled from the party by the Guilin Municipal Discipline Inspection Commission in May this year. However, Gui Haihong believes that the losses caused to Guilin Tourism by Ting Lin's detention for violations of discipline and law have not yet been clarified. At the same time, the resume of the by-election director (Wen Zheng) shows that he has no successful practical experience in tourism enterprise management.

The reporter found out that after Guilin Tourism issued an announcement that detention measures had been taken against Ting Lin, it also decided to remove him from his positions as director and vice president. At that time, Gui Haihong also voted against it, on the grounds that Ting Lin had worked at Guilin Tourism for more than 20 years and the losses caused to Guilin Tourism by Ting Lin's violations of discipline and laws had not yet been clarified.

Opposition claims that the new director has no successful tourism management experience

The fourth meeting of the seventh board of directors of Guilin Tourism in 2024 was held by means of postal voting on August 5. The proposals discussed by the board of directors included the re-election of Wen Zheng as the company's seventh non-independent director, the appointment of Wen Zheng as the company's president, and the convening of an extraordinary general meeting of shareholders of the company.

Director Gui Haihong voted against all three proposals, arguing that "the losses caused to Guilin Tourism by the former non-independent director Ting Lin (who was detained for violating discipline and law) have not yet been clarified, and Mr. Wen Zheng's resume shows that he has no successful practical experience in tourism enterprise management."

Ting Lin has been working in Guilin Tourism since March 2004. He has served as a director of the company's fifth and seventh boards of directors. He has also served as a member of the company's party committee, vice president, chief economist, and operations director.

However, on December 5 last year, Guilin Tourism announced that it had received a "Notice of Case Filing" and a "Notice of Detention" issued by the Guilin Municipal Supervisory Committee. Tinglin was investigated and detained for suspected violations of discipline and law. As of the announcement date, the company has not yet learned of the progress and conclusion of the investigation. At the end of May this year, Guilin Tourism announced again that Tinglin was removed from his position as director, dismissed from his position as vice president, and no longer acted as president.

It should be noted that Gui Haihong also voted against these dismissals, and his reason for opposition was: "Given that Tinglin has worked at Guilin Tourism for more than 20 years, the losses caused to Guilin Tourism by Tinglin's violations of discipline and law have not yet been fully investigated."

According to public information, Wen Zheng previously worked mainly in government departments. Guilin Tourism’s announcement disclosed that Wen Zheng is 45 years old this year, has a postgraduate degree, is currently the deputy secretary of the Guilin Tourism Party Committee, a member of the Sixth Discipline Inspection Commission of the Communist Party of China in Guilin, Guangxi, and a representative of the Third People’s Congress of Lingui District, Guilin. He was formerly the head of the Personnel Section, the head of the Metrology Section, and the secretary of the Party Branch of the Guilin Quality and Technical Supervision Bureau, a member of the Party Leadership Group of the Guilin Education Bureau, the head of the Discipline Inspection and Supervision Group of the Guilin Discipline Inspection and Supervision Commission stationed in the Municipal Education Bureau, a member of the Standing Committee of the Lingui District Committee of Guilin, the Secretary of the Discipline Inspection Commission, and the Director of the Supervision Commission, a Level 3 Researcher, and a Level 4 Senior Supervisor.

The reporter found out from the Guilin Party Building Network that on June 17 this year, the Organization Department of the Guilin Municipal Party Committee issued a pre-appointment announcement for leading cadres, among which Wen Zheng was expected to be appointed as the head of a municipal-level state-owned enterprise.

According to public reports, after Wen Zheng became the deputy secretary of the Guilin Tourism Party Committee, he frequently conducted research in various tourism project companies. According to an article on the official WeChat public account of Guilin Tourism, from July 16 to 17, Wen Zheng led a team to conduct research at the Hezhou Hot Spring Company. During the period, he also went to the local Guposhan Hot Spring, Tianmu Banshan Hot Spring, Shibashui and other scenic spots for field research, and held discussions with the heads of the scenic spots on the development of the tourism industry; in addition, on July 18, he conducted research at the Guilin Lijiang Waterfall Hotel Co., Ltd.; on July 25, he conducted research at the Lijiang Cruise Branch; on July 29, he conducted work research at the Yinziyan Company.

The director who voted against the deal was a representative of HNA Group, the second largest shareholder.

Judging from public information, Director Gui Haihong, who voted against all the above proposals, actually has little connection with the Guilin Tourism Company.

The reporter of Daily Economic News found that in March last year, Guilin Tourism's board of directors was replaced, and Gui Haihong and Ting Lin were both elected as members of the company's seventh board of directors. According to Guilin Tourism's announcement at the time, Gui Haihong's previous main work experience was in HNA Group, and he had not worked in Guilin Tourism. The announcement at the time also stated that Gui Haihong had no relationship with other directors, supervisors and senior management of the company.

According to the introduction, Gui Haihong was born in 1977 and holds a bachelor's degree from Zhejiang University, majoring in international trade.HNA Group) Labor Union Chairman, Hainan HNA Aviation Property Services Co., Ltd. Chairman; in the past five years, he has served as Assistant to the President of HNA Group, Director of HNA Holdings, Director of the HNA Group Office, Assistant to the President of HNA Holdings, Chairman and General Manager of Hainan HNA Health Management Co., Ltd., Chief Operating Officer of HNA Technology Group Co., Ltd., and Vice Chairman and CEO of HNA Technology.

HNA Group, where Gui Haihong works, is the actual controller of the shareholders behind Guilin Aviation Tourism Group Co., Ltd., the second largest shareholder of Guilin Tourism. Guilin Tourism's first quarter report of 2024 shows that its second largest shareholder at the end of the reporting period is Guilin Aviation Tourism Group Co., Ltd., which holds 57.616 million shares of the company, accounting for 12.31% of the shares. Guilin Tourism introduced that Beijing Capital Airlines Co., Ltd. holds 32% of the shares of Guilin Aviation Tourism Group Co., Ltd., and HNA Group is the controlling shareholder and actual controller of Beijing Capital Airlines Co., Ltd.

In order to find out whether there were other reasons behind the opposing votes, the reporter called the secretary's office and the secretary himself of Guilin Tourism several times on the morning of August 5, but the calls were not answered.