The chairman of the board of directors was arrested, and 10 billion "mysterious rich women" surfaced

Two A-share listed companies suddenly made a "thunderstorm" announcement, leading to a "mysterious female billionaire".

Late at night on January 16, Tozai Technology suddenly announced that the board of directors received a notice from the family of the company's director Cao Xue, who was suspected of infringing on trade secrets and was taken compulsory measures by the public security organs. At the same time, Gaomeng New Materials also announced that Cao Xue, chairman of the company, was investigated by the public security organs and taken criminal coercive measures on suspicion of infringing on trade secrets.

It is worth noting that the actual controller of the three listed companies of Gaomeng New Materials, Dongcai Technology, and Yichang Technology is a mysterious female billionaire - Xiong Haitao. On March 23, 2023, the Hurun Research Institute released the "2023 Hurun Global Rich List", and Yuan Zhimin and Xiong Haitao ranked 1975th on the list with a wealth of 11.5 billion.

The chairman of the board of directors was suddenly arrested

Late at night on January 16, Tozai Technology suddenly announced that the board of directors received a notice from the family of the company's director Cao Xue, who was suspected of infringing on trade secrets and was taken compulsory measures by the public security organs.

Tozai Technology said that Cao Xue is the current director of the company and does not participate in the company's daily production and operation activities. The matters subject to compulsory measures this time have no relationship with the company and will not affect the company's daily production and business activities.

On the morning of the 17th, another A-share listed company, Gaomeng New Materials, also issued an announcement saying that the company received a notice from Chen Dengyu, general manager of the company, on January 16 that Cao Xue, chairman of the company, was investigated by the public security organs and taken criminal coercive measures for suspected infringement of trade secrets. Further investigation by the public security organs is pending.

Gaomeng New Materials said in the announcement that the company's daily operations are normal, and the company's board of directors and management will ensure that the company and various business activities are carried out normally.

Affected by this, the share price of Gaomeng New Materials plummeted, and the largest intraday decline on the 17th once exceeded 17%, and as of the close of the day, the decline was still as high as 14.06%, and the total market value shrank to 3.034 billion yuan.

According to the financial report, in 2022, Cao Xue's annual salary as the chairman of Gaomeng New Materials will reach 1.3632 million yuan.

In addition, according to the financial report of Tozai Technology, as of the end of June 2023, Cao Xue held 1.992 million shares of Tozai Technology, with a corresponding market value of about 20.82 million yuan.

According to the resume, Cao Xue was born in May 1975, Ph.D., graduated in July 1994 and was assigned to Sichuan Dongfang Insulation Material Factory (now Dongcai Technology), successively served as Dongcai Science and Technology Workshop Technician, Quality Inspection Department Quality Control Officer, Sales Branch Accountant, Sales Branch Manager, South China Regional Sales Manager, Assistant General Manager, Deputy General Manager, General Manager, General Manager.

In 2022, Cao Xue resigned as the general manager of Tozai Technology and continued to serve as a director of the company. Subsequently, Cao Xue served as the chairman of Gaomeng New Materials.

Mysterious rich woman "surfaced"

From Cao Xue's resume, it is not difficult to find that Tozai Technology has a close relationship with Gaomeng New Materials. According to the announcement, the largest shareholders of Gaomeng New Materials and Dongcai Technology are both Gaojin Technology Industry Group Co., Ltd., and the actual controller is Xiong Haitao.

It is worth mentioning that Xiong Haitao was once ranked 5th on the list of female entrepreneurs in Guangzhou, and she and her husband Yuan Zhimin had a net worth of more than 11.5 billion yuan.

At present, Xiong Haitao's influence in the A-share market cannot be underestimated. In addition to the above-mentioned Gaomeng New Materials and Dongcai Technology, Xiong Haitao also controls Yichang Technology through Gaojin Technology Industry Group Co., Ltd., and owns three listed companies.

In addition, according to the third quarter report of 2023, Xiong Haitao also holds 4.58% of Kingfa Technology's shares, ranking as the second largest shareholder. The founder of Kingfa Technology is Xiong Haitao's husband Yuan Zhimin.

Baidu Encyclopedia shows that Xiong Haitao was born in 1964, 59 years old this year, with a master's degree, a master's degree in business administration from Sun Yat-sen University, and the wife of Yuan Zhimin, the founder of Kingfa Technology, who once started a business with Yuan Zhimin.

Since January 2011, Xiong Haitao has served as an executive director of Gaojin Fuheng Group Co., Ltd., and since January 2015, he has served as an executive director of Gaojin Technology Industry Group Co., Ltd., and has served as the vice chairman of Yichang Technology, the vice chairman of Dongcai Technology, and the director of Gaomeng New Materials.

The resume also shows that Xiong Haitao has worked in Changhong, Sichuan, Shenzhen Konka, joined Kingfa Technology in 1997, served as the company's deputy general manager, deputy director of the national enterprise technology center, and has been a director of Kingfa Technology since January 1998.

According to the company's information, Xiong Haitao works in 42 companies, and his investment covers many fields such as semiconductor materials and medical equipment.

Xiong Haitao was a representative of the 14th People's Congress of Guangzhou and the 1st People's Congress of Huangpu District, deputy director of the fourth branch of Huangpu District of Guangzhou Jiusan Society, and was awarded the honorary title of "38 Red Flag Bearer" in Guangdong Province and Guangzhou City in 2018 and the Outstanding Women Entrepreneur Award in the Greater Bay Area in 2019.

According to public information, Gaojin Fuheng Group was established in 2005 and is a comprehensive industrial group with total assets of more than 10 billion yuan. Headquartered in Guangzhou, it focuses on new chemical materials, biomedicine, industrial design, intelligent manufacturing and technology business incubators, and involves hotel properties, automobile retail, real estate and other fields.

In addition, Gaojin Fuheng Group has 3 holding listed companies, 6 wholly-owned subsidiaries and more than 20 listed companies.

On March 23, 2023, the Hurun Research Institute released the "2023 Hurun Global Rich List", and Yuan Zhimin and Xiong Haitao ranked 1975th on the list with a wealth of 11.5 billion.

Self-made billionaires

Although he has a fortune of tens of billions, Yuan Zhimin is not from the second generation of the rich as rumored on the Internet, but was born in an ordinary rural family.

According to public reports, Yuan Zhimin has been good at learning since he was a child, and was admitted to the Beijing Institute of Technology after graduating from high school, majoring in applied chemistry. At that time, he had excellent grades in college and also got the opportunity to study abroad.

According to public sources, Yuan Zhimin is the first master's student in the field of flame retardant materials in China.

In 1992, Yuan Zhimin was hired to Guangzhou Chuangye Chemical Company as a factory director, and the following year, together with his friends Song Ziming, Li Nanjing, and Xiong Haitao, they started a business together, and the four raised 20,000 yuan in a dilapidated factory, Kingfa Technology was established.

At the beginning, Kingfa Technology was just a small workshop-type enterprise, but with continuous research and development, it produced flame-retardant plastics with good performance, and won orders from well-known companies such as Changhong and Konka.

When the market opened, sales grew by leaps and bounds. In 1998, Kingfa's sales reached 220 million yuan.

Under the leadership of Yuan Zhimin, Kingfa successfully landed in the capital market in 2004 and became the first listed company in China's modified plastics industry.

After Kingfa Technology was listed, the peak moment was in February 2021, when the stock price soared all the way, reaching a maximum of 31.77 yuan, and the company's total market value was once as high as 85 billion yuan.

It is worth mentioning that in Yuan Zhimin's entrepreneurial process, there is one person who has played a great role in promoting his career development, she is Yuan Zhimin's wife - Xiong Haitao.