Mother and child are checked! Lin Jiayu, a "post-90s" director of Huabao Shares, was placed under residential surveillance

　　On January 27, Huabao announced that the Hengyang County Supervision Commission decided to file an investigation into the illegality of lin jiayu, a director of the company. Lin Jiayu is currently under residential surveillance at a designated location by the Changsha County Public Security Bureau.

　　Screenshot of Huabao International's official website

　　Lin Jiayu is the son of Zhu Linyao, the actual controller of Huabao Shares, according to the 2020 annual report of Huabao Shares, Lin Jiayu, born in 1992, a native of Hong Kong, China, was educated in the United Kingdom and the United States. He has held director and senior management positions in companies in advertising media, e-commerce and other industries, and served as a director of a domestic non-profit foundation.

　　Huabao shares said that as of now, the company has not been able to know whether Lin Jiayu's case investigation involves corporate responsibility, and the company will continue to pay attention to the progress, timely fulfill its information disclosure obligations and prompt related risks.

　　Huabao shares said that the company's board of directors is currently operating normally, Lin Jiayu was investigated, was executed in a designated place of residence residential surveillance will not affect the company's board of directors and daily work normally carried out normally, the company's management will strengthen management to ensure the company's stability and normal business. As of the date of this announcement, the Company is not aware of Lin Jiayu's personal debt. Lin Jiayu's case filing and investigation and the execution of residential surveillance at a designated residence will not directly lead to significant uncertainty in the ownership of the company's equity, nor will it directly affect the stability of the company's control.

　　Huabao also mentioned that the company's stock price not only depends on the company's profitability and development prospects, but also affected by relevant national policies, macroeconomic situation, market supply and demand, financial market liquidity, capital market atmosphere, short-term technical indicators, investor psychological expectations and other multiple factors. This matter may adversely affect investor expectations and cause the Company's share price to fluctuate.

　　On the morning of the 24th, Huabao International Holdings Limited (HK00336, hereinafter referred to as Huabao International) announced on the Hong Kong Stock Exchange that its non-wholly-owned subsidiary Huabao Shares had received a notice of filing from the Leiyang Municipal Supervision Commission, and Zhu Linyao, chairman, chief executive officer, executive director and controlling shareholder of Huabao International, was now under investigation for suspected violations of the law.

　　On the same day, Huabao also announced that it had recently received a notice of filing a case from the Leiyang Municipal Supervision Commission, which decided to file an investigation into the illegal issue of Zhu Linyao, the actual controller of the company. Up to now, Zhu Linyao has not held any position in the company and has not participated in the operation and management of the company, and the above matters will not have a significant impact on the company's daily production and operation activities. At present, the company's production and operation are normal.

　　On the evening of the 24th, the Shenzhen Stock Exchange issued a letter of concern regarding the investigation of the actual controller of Huabao shares, asking Huabao shares to fully assess the stability of Zhu Linyao's control over the company, finance and production and operation management.

　　According to the announcement of Huabao Shares on the 26th, the company received a notice of filing a case from the Supervision Commission of Leiyang City, Hunan Province on January 23, 2022, and decided to file an investigation into Zhu Linyao's illegality. On the 26th, the company learned from Zhu Linyao's family that Zhu Linyao had been placed under residential surveillance at a designated residence.

　　Affected by the news that the actual controller was investigated, Huabao shares closed at 35.12 yuan on the 24th, 20CM fell to a stop, and the total market value was 21.6 billion yuan. Since January 24, Huabao shares have fallen by 31.75%, and the current market value has evaporated by 3.1 billion yuan compared with the 24th. (Zhongxin Jingwei APP)