The actual controller was just obtained by the insurance and was monitored and lived.

Wen/Shuai Cong

In the early morning of July 27th, due to the actual controller Zhu Linyao was just obtained from the bail pending trial, turned around and was monitored and lived, Huabao (300741.SZ) and Huabao International (00336.HK) plummeted. As of 10:15 in the morning, Huabao Co., Ltd. fell 5.02%, and Huabao International fell 9.89%.

On the evening of July 26, Huabao shares announced that the company learned from Zhu Linyao's family members that the Changsha County Public Security Bureau has already taken a bail pending trial on Zhu Linyao.

In addition, the company received a notice from Hua Bao International, an indirect controlling shareholder, and received a notice from the Xinfeng County Supervision Committee. The Xinfeng County Supervision Committee decided to investigate Zhu Linyao. At the same time, the company learned from Huabao International that the Anyuan County Public Security Bureau held the surveillance of Zhu Linyao's execution of a designated place.

Huabao shares said that as of the disclosure of this announcement, the company failed to learn the specific situation of the above matters. Zhu Linyao did not hold any position in the company and did not participate in the company's operation management. The above matters would not have a significant impact on the company's daily production and operation activities. The company has a continuous and perfect governance structure and internal control mechanism. As of now, the company's production and operation is normal.

On the morning of January 24 this year, Huabao and Huabao International issued an announcement at the same time that the company received a notice of the Hunan Puyang City Supervision Committee on January 23. Investigation. A few days later, the two companies further disclosed that Lin Jiayu, the son of Zhu Linyao, was also filed by the Supervision Committee of Hengyang County, Hunan Province, and both mother and son were performed to surveillance and residence. Earlier on July 22, Huabao announced that the company's director Lin Jiayu had been relieved and surveillance and took a bail pending trial.

Wei Jingfeng, a senior lawyer and deputy director of Beijing Hehong Weiyu Law Firm, told reporters that according to the Criminal Procedure Law, the longest period for surveillance and residence is six months. Generally speaking, after six months, it may be transferred to the review and prosecution or terminated or canceled it. Forced measures. However, when the public security organs cannot conclude the case when the surveillance period expires, some will change the compulsory measures to continue investigating, such as changes to the impact measures or detention, reporting, etc.

Affected by the actual controller has been investigated for half a year, the market has recently worried that emotions have heated again. Tonglian data shows that from July 22 to 27 at 10:15, Huabao shares have fallen by about 13%, and Huabao International has fallen by about 38%.

Edit: Ma Xiaochao

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