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A senior executive of a listed company unfortunately passed away!

On the afternoon of August 26, Shentong Metro issued an announcement regarding the death of a senior executive due to illness. The company's executive vice president Tian Yifeng unfortunately passed away on August 23, 2024 due to a sudden illness.

According to the data, Shentong Metro was established on June 12, 1992 and listed on February 24, 1994. The company's main business involves public transportation operation and maintenance management, new energy related business, financial leasing and commercial factoring business. In terms of stock price, as of August 26, Shentong Metro closed at 6.99 yuan per share, with a total market value of 3.3 billion yuan.

Senior executive dies of illness

On the afternoon of August 26, Shentong Metro issued an announcement regarding the death of a senior executive due to illness. The company's executive vice president Tian Yifeng unfortunately passed away on August 23, 2024 due to a sudden illness.

The company said that during his tenure as a senior executive of the company, Mr. Tian Yifeng was diligent and conscientious, fulfilled his duties and obligations as a senior executive of the company, and made important contributions to the company's business development. The company's directors, supervisors, senior executives and all employees will continue to be committed to the company's continued healthy development.

The company's board of directors would like to express its sincere gratitude to Mr. Tian Yifeng for his efforts and contributions to the company. The company's directors, supervisors, senior management and all employees would like to express their deep condolences for the passing of Mr. Tian Yifeng.

According to the announcement information previously released by Shentong Metro, Tian Yifeng was born in May 1974, with a bachelor's degree, a master's degree in engineering, and a senior engineer title. From June 2012 to December 2016, he served as deputy general manager of Shanghai Metro Second Operation Co., Ltd.; from December 2016 to August 2017, he served as vice chairman (in charge of work) of Shanghai Shenkai Public Transport Operation Management Co., Ltd.; from August 2017 to date, he has served as chairman of Shanghai Shenkai Public Transport Operation Management Co., Ltd.; from October 29, 2019 to date, he has served as executive vice general manager of Shanghai Shentong Metro Co., Ltd.

Metro property has completed industrial and commercial changes

On the same day, the company also issued an announcement regarding the completion of industrial and commercial changes at Metro Properties. The announcement showed that the company had recently completed the industrial and commercial registration work for the equity changes at Metro Properties.

In June this year, Shentong Metro held a board of directors and a board of supervisors meeting to review and approve the company's major asset restructuring and purchase and related transactions. The company purchased 50% of the shares of Shanghai Metro Electronic Technology Co., Ltd. held by its controlling shareholder Shanghai Shentong Metro Group Co., Ltd., and purchased 51% of the shares of subway properties held by Shanghai Metro Maintenance and Guarantee Co., Ltd.

Shentong Metro stated that the content of this industrial and commercial registration change is that the shareholder has changed from the original Shanghai Metro Maintenance and Security Co., Ltd. to Shanghai Metro Maintenance and Security Co., Ltd. and Shanghai Shentong Metro Co., Ltd., and the equity structure has changed from the original Shanghai Metro Maintenance and Security Co., Ltd. holding 100% to Shanghai Shentong Metro Co., Ltd. holding 51% and Shanghai Metro Maintenance and Security Co., Ltd. holding 49%.

Shentong Metro carried out a major asset restructuring in 2019 and acquired a 51% stake in Shenkai Company. Shenkai Company's main business is to accept commissions from public transportation owners and provide them with public transportation-related operation and maintenance management services, providing operation and maintenance management services for three different modes of rail transit: unmanned subways, airport metro systems, and trams.

At present, the main businesses of Shentong Metro include: public transportation operation and maintenance management, new energy related business, financial leasing and commercial factoring business. It also operates Shanghai Metro Pujiang Line, Songjiang Tram and Pudong Airport MRT projects through Shenkai Company. The 2023 annual report shows that the company's main business income structure is: operation and maintenance management 70.39%, financial leasing and commercial factoring 21.07%, and new energy 8.49%.

The first quarter report of 2024 shows that Shentong Metro achieved revenue of 92.8987 million yuan in the first quarter, a year-on-year increase of 16.74%; net profit attributable to shareholders was 13.152 million yuan, a year-on-year decrease of 23.37%.