Xians 100 billion state-owned enterprises responding to the incident of young executives: in accordance with the law

category:Society
 Xians 100 billion state-owned enterprises responding to the incident of young executives: in accordance with the law


On January 22, Xian Hi-tech Holdings Co., Ltd. (hereinafter referred to as Xian Hi-tech Holdings or Issuers) disclosed a new issue document at Shanghai Clearing House. It stated that in September 2018, the company changed its chairman, legal representative, general manager and director, and also changed the age, educational background and general manager of the changed legal representative, chairman and general manager Li Tian, director Zhao Xueying and Zhu Yong. Relevant resumes will be disclosed. Relevant information disclosure has aroused widespread concern of the society and various networks, and triggered negative public opinion orientation.

Xian Hi-tech Holdings said that although the above changes in the company comply with the provisions of the Company Law and the Companys Articles of Association, but caused a certain range of negative public opinion, the future does not rule out a certain impact on the companys financing capacity.

The issuing documents show that according to 1) the issuers articles of association, Chapter IV, Article 10, The investor of the company is the shareholder of the company, and the shareholder undertakes the rights and obligations in accordance with laws, regulations and articles of association, and Article 11, The shareholder enjoys the following rights, the third point, Election and election as members of the board of directors and the board of supervisors; and 2) According to Article 10 of the Regulations of Xian Development Zone, the The issuer shareholder Xian High-tech Zone Management Committee has the authority to manage state-owned assets and is the institution to perform the responsibilities of the issuer as the investor. 3) According to Article 22 and Article 23 of the Law on the Management of State-owned Assets of Enterprises, As the institution to perform the responsibilities of the investor, the Xian High-tech Zone Management Committee has the duty to make recommendations on the appointment and removal of directors and supervisors to the issuer.

Xian Hi-tech Holdings said that Li Tian, Zhao Xueying and Zhu Yongs election and appointment procedures conform to the provisions of the Company Law and the Companys Articles of Association, and in accordance with Article 23 of the Enterprise State-owned Assets Law: Directors, supervisors and senior managers appointed by institutions that perform their investor duties or proposals should meet the following conditions: (1) good conduct; (2) they have good conduct; (2) they have the following qualifications: Professional knowledge and working ability that meet the requirements of the position; (3) physical conditions that can normally perform their duties; (4) other conditions prescribed by laws and administrative regulations. There is no legal prohibition on the three persons.

According to Xian Hi-tech Holdings, the issuer convened shareholdersmeetings and board of directors in accordance with the provisions of the Company Law and the Articles of Association, and formed a unanimous resolution to change the above-mentioned managers. The issuers dismissal of Li Tian and other three persons conformed to the provisions of the Company Law and the Articles of Association.

Xians 100 billion state-owned enterprises are chairmen after 80 years and directors after 95 years of graduation. In early November 2018, a number of media reports on personnel arrangements of Xian Hi-tech Holding Company (hereinafter referred to as Xian Hi-tech) aroused concern.

On December 29, 2018, the results of the investigation and treatment of the Xian Billion State-owned Enterprise Young Executive Incident which attracted much attention from the society came out. Three chairmen of Xian Hi-tech Holding Company, Li Tian, were involved in the whirlpool of public opinion. In fact, the four part-time directors appointed before were all nominated and did not have any management power. Four directors at or above the Department level, including Wang Jinjie, former director of the Finance Bureau of Xian Hi-tech Zone, Cadres were accountable and Wang Jinjie was dismissed. The Party and Labor Committee and the Management Committee of Xian High-tech Zone made written inspections to the Xian Municipal Committee and the Municipal Government respectively and made effective corrections.

The relevant person in charge of the supervision committee of the Xian Discipline Commission informed us that the Financial Bureau of Xian High-tech Zone did not seriously implement the relevant decisions of the superiors on clearing up part-time jobs, and used non-staff to nominate the companys senior managers to engage in disguised part-time jobs, which violated organizational discipline and working discipline; the personnel department of the Party and Labor Committee of the High-tech Zone neglected the management of the appointment of senior managers of the new-tech holding company, and there was a vacanc Under the circumstances of 2000 and 8 months, without supervision and promotion of change, the Financial Bureau neglected to change the senior managers of high-tech holding companies without authorization, violating the work discipline; the Party and Labor Committee and the Management Committee of the High-tech Zone did not implement the principle of Party management cadres in place, resulting in the problem of irregular appointment of senior managers of state-owned enterprises, causing adverse effects in society and inadequate performance of the main responsibility.

On December 29, 2018, the Beijing News exclusively reported that Xian Hi-tech Holdings Co., Ltd. had recently appointed Qiyu as general manager and Wang Junqiang as deputy general manager of the company, both of whom are post-70 persons. In addition, Wang Jing, a relatively young man, was elected as a director of the company, born in 1984.

According to the latest issuance document of Xian Hi-tech Holdings, the issuer has convened shareholdersmeetings and the board of directors to elect new qualified and qualified personnel with appropriate working experience, experience and ability as senior managers of the company in strict accordance with the Company Law of the Peoples Republic of China, the articles of association of the company and the relevant Provisions on the appointment of managers of state-owned enterprises. Provisions of the Interbank Traders Association shall be disclosed in a timely manner. The occurrence of the aforementioned events may have an impact on the investors investment value and investment decision-making judgment, but up to now, the issuers operation is normal, and its production and operation ability and solvency are not affected by the aforementioned events.

Seven young executives of Xians 100 billion state-owned enterprises are all accountable for four nominal leaders

On December 29, the results of the investigation and treatment of the Xian 100 billion state-owned enterprise young executives incident which attracted much attention from the society came out. Peng Mei News learned from the press conference held by the Information Office of the Xian Municipal Government that Li Tian, the chairman of the Xian Hi-tech Holding Company, who was involved in the whirlpool of public opinion, and the four former part-time directors were actually nominated and had no management power.