news

image source: visual china

author: an ran

editor: ye jinyan

produced by: deepnet·tencent news xiaoman studio

after the suspension of trading from 9:00 a.m. on april 3, 2023 (monday), the shares ofchina renaissance capital holdings(hereinafter referred to as china renaissance) finally resumed normal trading on the morning of september 9. at the opening, china renaissance holdings' share price was hk$7.27, but fell to hk$2.43 within three minutes of opening, a drop of more than 66%.

as of press time (9:42), huaxing capital's share price was hk$3.5 per share, down 53.23%. on september 5, huaxing capital reissued four financial reports for 2022, the first half of 2023, 2023, and the first half of 2024 at one time.

the financial report shows that in the turbulent years of 2023 and the first half of 2024, huaxing capital suffered a total loss of 546 million yuan. among them, the net loss attributable to the parent company in 2023 was 472 million yuan; in the first half of 2024, the group recorded a net loss attributable to the owners of the company of 74 million yuan.

on september 6, china renaissance also updated the list of directors and their roles and functions. executive directors include xie yijing (chairman), lin jiachang (vice chairman), du yongbo, and wang lixing; non-executive directors include xu yanqing and lin ning; independent non-executive directors include yao jue, ye junying, and zhao yue.

previously, the daily management and operation of huaxing capital was handled by executive directors xie yijing and wang lixing. in addition to being appointed chairman of the board, xie yijing was also appointed ceo from acting ceo. xu yanqing, a non-executive director, is married to bao fan, the controlling shareholder of huaxing capital.

it is worth noting that huaxing capital announced that four executive directors, including chairman xie yijing, vice chairman lin jiachang, and two co-presidents wang lixing and du yongbo, have promised the company that they will not sell any of the company's equity interests from september 8, 2024 to march 7, 2025. each executive director may give the company a written notice five calendar days in advance to terminate his lock-up period commitment.

with the resumption of trading of huaxing capital, the company will be back on track after nearly two years of adjustment. however, an investment manager of an investment institution also told deep net, "one of our invested companies is considering subsequent financial advisors. the founder is considering future listing plans, and huaxing capital is one of the institutions he focuses on. however, some investors also reminded the founder to pay attention to the stability of the project team. the mobility of the huaxing capital team has been a bit high in recent years."