news

The former richest man in Yunnan and the actual controller of Shaanxi Jinye was placed under residential surveillance. Nearly 60% of the revenue came from tobacco supporting business

2024-08-18

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Shaanxi Gold LeafThe actual controller is placed under residential surveillance at a location designated by the public security authorities.

On August 16, Shaanxi Jinye Science and Education Group Co., Ltd. (Shaanxi Jinye, 000812) issued an announcement on major company matters. The announcement stated that the company recently learned that the company's actual controller, chairman of the board and president Yuan Hanyuan is currently under residential surveillance at a designated location by the public security authorities due to related matters.

Shaanxi Jinye said that in view of the above situation, the company has made proper arrangements for the relevant work. The company has a sound governance structure and internal control mechanism, and operates in strict accordance with laws, regulations, regulatory rules and the relevant provisions of the "Articles of Association". As of the date of disclosure of the announcement, the company's control has not changed, the company's board of directors operates normally, the daily operation and management is the responsibility of the senior management team, and the production and operation of the company and its subsidiaries are carried out in an orderly manner.

Shaanxi Jinye stated that as of the date of disclosure of this announcement, it has not yet been informed of the progress and conclusions of the relevant matters. The company will continue to pay attention to subsequent relevant situations and strictly fulfill its information disclosure obligations in a timely manner in accordance with the relevant provisions and requirements of laws, regulations and regulatory rules.

Shaanxi Jinye's 2023 annual report shows that the company's current business categories cover three categories: education, tobacco supporting industries, and medical and nursing industries. The main business of education is higher education and other educational and teaching businesses, and education investment businesses; the main products of the tobacco supporting industry are the production and sales of cigarette labels, cigarette wire bundles, and cigarette sticks; the medical and nursing industry has established hospitals and medical and nursing project companies, but has not yet carried out specific business.

In 2023, Shaanxi Jinye's tobacco supporting business (cigarette labels, tobacco silk bundles, etc.) accounted for 59.12% of total revenue, and education accounted for 36.72%.

According to the 2023 annual report, Yuan Hanyuan, 63 years old, has a postgraduate degree. He has served as the sales manager of Guangzhou South China Textile Co., Ltd., the managing director of Hanhua (Hong Kong) Enterprise Co., Ltd., the managing director of Hong Kong Wanyu Development Co., Ltd., the director of the third board of directors of Shaanxi Jinye, the chairman of the fourth, fifth, sixth and seventh boards of directors, the executive director of Shaanxi Jinye Printing Co., Ltd., the executive director of Shaanxi Jinye Real Estate Development Co., Ltd., the executive director of Shaanxi Jinye Wanrun Real Estate Co., Ltd., and the general manager of Handu Hospital Co., Ltd. He is currently the chairman of the board of directors and president of Hong Kong Wanyu (Group) Development Co., Ltd., the chairman of the board of directors of Wanyu (Group) Co., Ltd., the chairman of Singapore Wanyu (Group) Development Co., Ltd., the chairman of the United States Wanyu (Group) Co., Ltd., the chairman of the eighth board of directors and president of Shaanxi Jinye, the chairman and president of Mingdeyuan Education Technology Group Co., Ltd., the chairman of Shenzhen Ruifeng New Materials Technology Group Co., Ltd., the chairman of Xi'an Mingde Polytechnic, and the chairman of Handu Hospital Co., Ltd.

According to public media reports, Yuan Hanyuan's life has had its ups and downs, with the most glorious moment being when he controlled Shaanxi Jinye many years ago and became the richest man in Yunnan. In 2006, Yuan Hanyuan appeared on the Forbes China Rich List with assets of 1.19 billion yuan, ranking 257th and the richest man in Yunnan. His Wanyu Group mainly engaged in real estate, biopharmaceuticals and cultural industries. After being on the list for three consecutive years, Yuan Hanyuan disappeared from the Forbes Rich List.

In March this year, the Shenzhen Stock Exchange issued a regulatory letter to Shaanxi Jinye. The regulatory letter showed that the total investment amount of the new functional area construction project of Xi'an Mingde Polytechnic, a subsidiary of Shaanxi Jinye, was about 730 million yuan, which met the review standards of the board of directors and shareholders' meeting. After investigation, the first phase of the project started construction in September 2021, and the second phase of the project started construction in September 2022. However, Shaanxi Jinye convened a board of directors on April 27, 2022 to review and approve the "Proposal on Investing in the Construction of the New Functional Area of ​​Xi'an Mingde Polytechnic", and as late as March 15, 2023, it convened a board of directors to review and approve the "Proposal on Investing in the Construction of the Second Phase of the New Functional Area of ​​Xi'an Mingde Polytechnic". Shaanxi Jinye failed to review and disclose the aforementioned major investment projects in a timely manner. Yuan Hanyuan, chairman and president of the company, and Yan Kai, secretary of the board of directors, are primarily responsible for the above-mentioned violations.

In June 2023, Shaanxi Jinye also issued an announcement on receiving a warning letter from the Shaanxi Securities Regulatory Bureau. The announcement showed that Shaanxi Jinye's subsidiary Xi'an Mingde Polytechnic Institute planned to lease the factory buildings under the name of the controlling shareholder Wanyu Cultural Industry Co., Ltd. and its affiliates to build the North Campus. Without fulfilling the corresponding review procedures, it paid for renovation and renovation, and as of the end of 2022, a total of 59.6784 million yuan had been paid. The above-mentioned payment of renovation and renovation funds actually constituted the occupation of funds by the controlling shareholder and its affiliates. Shaanxi Jinye's information disclosure on the above matters violated the relevant provisions of the "Information Disclosure Management Measures for Listed Companies". Yuan Hanyuan and Chief Financial Officer Xiong Hancheng were issued a warning letter by the Shaanxi Securities Regulatory Bureau together with the company.

Some media reported that in recent years, affected by the anti-corruption storm in the tobacco system, relevant personnel of many listed companies involved in tobacco business have been investigated.

In February 2023, Yuan Hanyuan was enforced by the Shenzhen Intermediate People's Court for a sum of 911 million yuan over a dispute over equity transfer. At the same time, he was restricted from high-end consumption and was listed as a dishonest person subject to enforcement in December 2022. In July 2023, Shaanxi Jinye issued an announcement that the circumstances that had caused Yuan Hanyuan to be included in the list of restricted high-end consumption had been eliminated.

In April this year, Shaanxi Jinye disclosed its first quarter report of 2024, showing that the company achieved total operating revenue of 330 million yuan, a year-on-year increase of 14.48%; net profit attributable to shareholders of the parent was 26.1616 million yuan, a year-on-year increase of 36.51%; during the reporting period, Shaanxi Jinye's basic earnings per share was 0.034 yuan.

According to Dazhihui VIP, as of the close of August 16, Shaanxi Jinye fell 1.06% to 3.75 yuan per share, with a total market value of 2.883 billion yuan.