Jiangsu Sunshine (600220): Lu Keping'S Legal Representative And Wife Yu Qinfen Take Over

On October 23, the reporter learned that according to the industrial and commercial information of Jiangsu Sunshine Group Co., Ltd. (hereinafter referred to as "Sunshine Group"), Lu Keping stepped down as the legal representative and his wife Yu Qinfen took over.

Sunshine Group is the controlling shareholder of Jiangsu Sunshine (600220. SH), a listed company of sunshine. According to the disclosure, as of the first half of the year, the total assets and liabilities of sunshine group reached 22.868 billion yuan and 11.428 billion yuan respectively, further expanding.

In addition, Lu Keping also resigned as the legal representative of Jiangsu Sunshine Holding Group Co., Ltd., a wholly-owned shareholder of sunshine group (hereinafter referred to as "sunshine Holdings").

According to the industrial and commercial data of sunshine holdings, Lu Keping resigned as legal representative on October 20 and Yu Qinfen took over. Yu Qinfen is also the executive director and general manager of sunshine holdings.

Lu Keping, known as the "wool textile giant", was born in 1944 and started his business in the wool textile industry. Jiangyin worsted textile factory, the predecessor of sunshine group, was established in 1986. Lu Keping was the factory director. In an interview with the people's daily Dadi more than ten years ago, Lu Keping said, "when the state gave us some policies, we would dare to operate in debt.". In 1993, sunshine group was approved to be registered; in 1999, Jiangsu Sunshine Group was listed. Lu Keping's wife, Yu Qinfen, is more low-key and has little public information.

According to the announcement of listed companies, at present, Yu Qinfen directly holds 144 million shares of Jiangsu Sunshine shares, with a shareholding ratio of 8.09%; in addition, she directly holds 66.9884 million shares of Sihuan biology, with a shareholding ratio of 6.51%; Lu Keping holds 318 million shares of Sihuan biology, accounting for 30.85%.

In recent years, the current general secretary of the sunshine group, Mr. Chen yuanfen, the chairman of the board of directors of Jiangsu Sunshine Group Co., Ltd. According to the listing announcement of Jiangsu Sunshine in 1999, Chen Lifen was 40 years old and served as the deputy factory director and Deputy Secretary of the Party branch when she was still a worsted textile factory.

At present, Chen Lifen directly holds 148 million shares of Jiangsu Sunshine shares, with a shareholding ratio of 8.31%.

In terms of social activities, Chen Lifen was elected to the 13th National People's Congress in 2018. According to public reports, at this year's NPC and CPPCC sessions, Chen Lifen proposed to provide support from tax and finance to enhance the competitiveness and anti risk ability of enterprises overseas. In terms of tax, tax-free treatment should be given to the dividends and dividends remitted by enterprises overseas; in finance, low interest and interest free loans should be given to textile investment projects.

In the Hurun 100 rich list of 2020 released recently, Lu Keping family ranked 523rd with 11 billion yuan wealth, and Chen Lifen ranked 923rd with 6.3 billion yuan wealth.

Founded in 1986, Sunshine Department is a large private enterprise in Jiangsu Province, which has set foot in woolen textile, clothing, biological medicine, medical equipment, ecological agriculture and forestry, real estate, metal products and other industries. In recent years, the capital empire built by Lu Keping has been in constant turmoil. The market of Hairun photovoltaic has been delisted, and Yangsheng biological has been suspended from listing. Due to the four ring biological case, Lu Keping was banned from the market in May this year.

Shortly after Lu Keping's resignation as legal representative, the shareholding structure of sunshine holdings changed.

The proportion of shares held by Lu Yangguang rose from 29.64% to 29.64% of the shares held by the former shareholder of Jiangsu, and the proportion of shares held by Li Hongping, the former shareholder of Yangguang, rose to 29.64% from 29.60% of the original shareholder of Jiangsu, and the proportion of shares held by Li Hongming rose to 29.64% from 29.60% of the original shareholder of Jiangsu.

Jiangsu Sunshine said that Wang Hongming was not the person acting in concert with Lu Keping and Chen Lifen; after the equity change of sunshine holdings, the actual controller of Jiangsu Sunshine was still Lu Keping, and the controlling shareholder was still sunshine group.

As for Wang Hongming, a new shareholder of sunshine holdings, according to Jiangsu Sunshine's previous disclosure, he was born in 1966 with college education. He has worked in the sunshine department for many years since 1999. He once served as a director and deputy general manager of a listed company, and then resigned in November 2017.

The reporter noted that Wang Hongming is the largest shareholder of Sihuan Biology (000518. SZ), another listed company of sunshine, and is involved in the case of Lu Keping's "sitting in the village".

According to the announcement, Wang Hongming has been one of the top ten shareholders of Sihuan bio since the first half of 2014. In July 2017, Wang Hongming raised his name twice, costing 381 million yuan, and held 10% of the shares of Sihuan bio by July 31, 2017. The Shenzhen stock exchange immediately issued a letter of concern to Wang Hongming. Wang Hongming replied that he had served as the deputy general manager of Jiangsu Sunshine Group Co., Ltd. for many years, he increased his holdings of Sihuan biological capital from his own funds, used some shares of Sihuan biology as collateral, applied for loans from Jiangyin Xinqiao sub branch of Agricultural Bank of China Limited through sunshine group, and borrowed from sunshine group.

Wang Hongming said in the above reply that he did not have the situation of external raising, holding on behalf of others, structural arrangement or direct or indirect use of funds of Sihuan biological and its related parties for acquisition; he did not have the relationship of acting in concert with other shareholders of Sihuan biological, and there was no case that the acquisition funds were derived from other shareholders.

At the end of December 2017, Wang Hongming increased his holdings of sihuanbio again, becoming the largest shareholder with 14% of shares. In terms of the purpose of the previous increase, Wang Hongming said that he recognized and optimistic about the future development prospects of Sihuan biology, and planned to obtain the investment income brought about by the equity appreciation of the listed company through the share increase.

According to the documents issued by the CSRC in April this year, it was found that since 2014, Lu Keping, for the purpose of expanding the number of voting rights in the general meeting of shareholders of Sihuan biology, either by himself or through Xu Weimin, came to Lu Yu, Yu Qinfen, sun Xian, Yu xufa, Zhou Jun, Zhang Huifeng, Xu Ruikang, Zhao long, Xu Zhi, Chen Jianguo, Wang Hongming, sun Yifan and Jiangsu Deyuan Textile Clothing Co., Ltd Lu Keping owns the control rights of the above 13 securities accounts and 2 equity instruments, and the voting rights of the four ring biological stocks held by the above accounts, and provides funds to the above accounts through the transfer and direct cash deposit of sunshine group and other bank accounts under his actual control. At the same time, Luk exercised the right to vote in the above-mentioned securities trading account of sikehuan biological from February 2 to April 2014.

According to the half year report of Sihuan biology in 2020, Wang Hongming is still the largest shareholder holding 14% of the shares of the listed company, and 99.99% of his shares are in the state of pledge. According to the decision of the former ten shareholders of the company, such as Mr. Zhao Zhifeng and Mr. Xu Hongfeng, Mr. Xu Hongfeng, and Mr. Xu Huifeng, the shareholders of the company, had the right to control the accounts of the former ten shareholders of the company.

After being punished by the CSRC, Lu Keping and his persons acting in concert continued to reduce their holdings of Sihuan biological products, and their shareholding ratio has dropped to 30.85% from 37.54% before.

According to the equity change report disclosed by Sihuan biology, lukewarm equity's reduction is due to personal capital demand.

At present, the equity of Sihuan biology held by Luke equality has been pledged in large proportion. According to the announcement of Sihuan biology on October 20, at present, the pledge proportion of shares of listed companies held by Lu Keping is 96.65%, and the pledge is mainly used to provide guarantee for the financing of enterprises under its control.

According to the above announcement of Sihuan biology, Lu Keping and the enterprises under his control have good credit status, normal operation status and corresponding capital repayment ability.

Prior to the end of September, sunshine group completed the increase in holdings of Jiangsu Sunshine.

Jiangsu Sunshine announced on September 25 that from September 19, 2019 to September 16, 2020, sunshine group increased its holdings of 17.9056 million shares of listed companies, accounting for 1% of the total share capital of listed companies; at present, sunshine group and its acting in concert hold 580 million shares of listed companies, accounting for 32.52% of the total shares of listed companies.