Even 15 A-share companies, the chairman suddenly resigned! Shareholders "unexpectedly" increased by 2,500 in a month

National Business Daily

2024-05-25 09:32Published on the official account of Sichuan Daily Economic News

Edited by: Du Yu

On the evening of May 24, ST Bailey (603959.SH, share price of 2 yuan, market value of 981 million yuan) announced that the board of directors recently received the resignation application conveyed by the family of chairman Wang Hairong.

ST Bailey announced that the company held the 51st meeting of the fourth board of directors on May 24, 2024, and deliberated and passed the "Proposal on Electing the Chairman of the Fourth Board of Directors of the Company". All directors unanimously agreed to elect Mr. Wang Liyan as the chairman of the fourth board of directors of the company, and the term of office will be from the deliberation and approval of the board of directors to the expiration date of the fourth board of directors. After the company hired a new chairman, Mr. Xiao Liming, vice chairman of the company, no longer acted as the chairman of the company. The Company and the Board of Directors would like to express their heartfelt gratitude to Mr. Xiao Liming for his contribution to the development of the Company during his tenure as Acting Chairman.

According to the Articles of Association and other relevant regulations, the chairman of the board of directors is the legal representative of the company. Accordingly, the legal representative of the company will be changed to Mr. Wang Liyan at the same time. The company will handle follow-up matters such as industrial and commercial change registration in accordance with relevant regulations.

Even 15 A-share companies, the chairman suddenly resigned! Shareholders "unexpectedly" increased by 2,500 in a month

Biography of Mr. Wang Liyan

Mr. Wang Liyan, born in 1962, Chinese nationality, has permanent residency in Singapore, master's degree in Nanyang Technological University, Singapore, and is a senior engineer. He used to be an engineer of China National Petroleum Pipeline Design Institute, the president of the Southern Branch, the director and general manager of RH International Pte Ltd, the director and chief operating officer of RH Energy, the supervisor of Baili Co., Ltd., the director of Baili Co., Ltd., and the supervisor of Wulian Engineering. He is currently the director and acting president of Baili Technology, the investment manager of Haixin, the director of Qingdao Bluewater Quantum, the director of Hengyuan Huida, the director of Lubao Xinghai, and the chairman of Shanghai Baikun.

It is worth noting that in February this year, ST Baili revealed that Wang Hairong, one of the actual controllers, assisted the relevant departments in the investigation.

According to public information, Wang Hairong, born in 1969, has more than 20 years of industry experience in the petroleum and petrochemical energy industry, and he has served as the project manager of Qinghai Oilfield Administration Bureau of China National Petroleum Corporation, chairman of Wuhan Refining Engineering Design Co., Ltd., chairman of Qingdao Blue Water Quantum Technology Development Co., Ltd., and director of Changzhou Baili Lithium Smart Factory Co., Ltd.

At present, ST Baili has a number of risks such as operating performance and pledge of controlling shareholders.

On the evening of April 29 this year, the 2023 annual report released by ST Bailey showed that the operating income in 2023 will be 2.069 billion yuan, a year-on-year decrease of 35.74%, of which the petrochemical design income will be 138 million yuan, the sales revenue of lithium battery intelligent production lines and equipment will be 1.09 billion yuan, and the general contracting income of lithium battery sector projects will be 825 million yuan. The net profit attributable to the parent company was -118 million yuan, a year-on-year decrease of 1473.54%.

At the same time, the audit agency Dahua Accounting Firm issued a qualified audit report on the company's 2023 annual report and issued an audit report with a negative opinion on the company's 2023 internal control, saying that as of the end of 2023, Baili Technology had formed an advance payment of 196 million yuan, and for the above-mentioned capital transactions, the audit institution could not obtain sufficient and appropriate audit evidence to judge the nature, commercial rationality and recoverability of the large amount of capital transactions. Based on this, the auditor could not determine the extent of the impact of the above-mentioned advance payment on the financial position and operating results of Baili Technology Company during the reporting period.

Due to the negative opinion issued by the accounting firm in the internal control audit report, according to the relevant regulations, Baili Technology shares were suspended for one day on April 30, 2024, resumed trading from the opening of the market on May 6, and were subject to other risk warnings, becoming ST shares with stars and hats.

The exchange also sent a letter of inquiry overnight. On the evening of April 29, the exchange issued a regulatory inquiry letter to Baili Technology, requiring Baili Technology to make a written reply to the non-standard opinions, board deliberations and performance of independent directors within 5 trading days.

In the secondary market, ST Baileys continued to be abandoned by funds. Since the market opened on May 6, ST Bailey's stock price has fallen from 4.3 yuan to the latest closing price of 2 yuan per share for 15 consecutive trading days, and the company's market value is only less than 1 billion yuan.

According to public information, as of March 31, 2024, ST Bailey has 26,400 shareholders. It is worth noting that the number of shareholders has also increased by 2,500 in a month.

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