The Board of Directors of the World Union Bank changed blood: Dahengqin has 5 seats, and Chen Jinsong is the co-chairman

The Surging News reporter Liu Chang

After the founders lost their actual control, the board of directors of Shenzhen World Union Bank Group Co., Ltd. (World Union Bank, 002285.SZ), a comprehensive real estate service provider, underwent a major change.

At the same time, the World Union Bank expects a net profit attributable to shareholders of listed companies in the third quarter of 2020 to be between a loss of 15.4489 million yuan – a profit of 29.5511 million yuan; the first three quarters of the performance is expected to lose 90 million yuan – 45 million yuan.

Hu Jia, chairman of Dahengqin, is the chairman of the World Union Bank

On September 18, the World Union Bank announced that founder Chen Jinsong submitted a written resignation report and applied for resignation as chairman of the Bank due to personal reasons, but remained a director of the company. The World Union Bank elected Hu Jia, chairman of the board of directors and director of the World Union Bank, the controlling shareholder of Zhuhai Dahengqin Group Co., Ltd., as its chairman, and Chen Jinsong as the co-chairman.

Hu Jia, 53, a Chinese national, holds a postgraduate degree and a master's degree from Lanzhou University. Previously, he was the chairman of Zhuhai Dahengqin Investment Co., Ltd. and the chairman of Yangjiang Hailing Island Qinhai Investment and Development Co., Ltd. At present, he is also the chairman of Dahengqin Co., Ltd. < Hong Kong > Co., Ltd., the chairman of Zhuhai Dahengqin Development Co., Ltd., the chairman of Zhuhai Dahengqin Co., Ltd., the chairman of Zhuhai Dahengqin Real Estate Co., Ltd., the chairman of Dahengqin < Hong Kong > Investment Co., Ltd., the director of Zhuhai Hengqin Headquarters Building Development Co., Ltd., the director of Guangdong-Macao Traditional Chinese Medicine Science and Technology Industrial Park Development Co., Ltd., and the chairman of Dahengqin (Macao) Development One-Person Co., Ltd.

Board blood exchange

Also changing is the Bank's Chief Financial Officer. According to the announcement, the World Union Bank has hired Xue Wen, the current manager of the finance department of Zhuhai Dahengqin Real Estate Co., Ltd., as its new financial director.

According to the revised articles of association of the World Union Bank, the Board of Directors of the World Union Consists of 9 Directors, with 1 Chairman and 1 Co-Chairman.

Previously, the World Union Bank's board of directors has undergone a blood change. On September 1, the World Union Bank announced that the director nominated by Dahengqin and elected by the World Union Bank is Hu Jia, who is currently the party secretary, deputy general manager and chairman of the trade union of Zhuhai Dahengqin Group Co., Ltd.; Tian Wei, the current deputy secretary of the party committee of Zhuhai Dahengqin Group Co., Ltd., the director and general manager of Zhuhai Dahengqin Development Co., Ltd.; the independent directors elected by-election are Guo Tianwu, professor of the Law School of Sun Yat-sen University and chief expert of the Guangdong-Hong Kong-Macao Development Research Institute of Sun Yat-sen University, a national high-end think tank, and Ma Zhida, chairman of Dongxihui Investment Co., Ltd.. The term of office is until the expiration of the current board of directors.

Due to personal reasons, Wang Zhengyu, director, deputy general manager and financial director of the board of directors of the World Union Bank, resigned, directors Zhong Qingyu and Zheng Weihe resigned, and independent directors Fu Xilin and Yang Yi applied for resignation.

The announcement said that Wang Zhengyu held 2,462,466 shares of world union bank shares, of which 1,846,849 shares were locked by executives, and Zhong Qingyu, Zheng Weihe, Fu Xilin and Yang Yi did not hold shares in the company.

This also means that Dahengqin has 5 seats on the Board of Directors of the World Union Bank. In addition to Chen Jinsong, the former board of directors of the World Union Bank includes Zhu Min, general manager, member of the Remuneration and Appraisal Committee, member of the Strategy Committee and member of the Nomination Committee, Ren Kelei, member of the Strategy Committee, and Zhang Jianping, an independent director.

Borrowed 500 million yuan from major shareholders to develop asset management business

After Dahengqin obtained the actual control of the World Union Bank, the World Union Bank had its first 500 million yuan related party transaction this year.

The World Union Bank intends to borrow RMB 500 million from Dahengqin for a valid period of 2 years. The Bank can use continuously and cyclically within the validity period and amount of the loan according to the actual operating conditions, and the funds are mainly used to support the Bank to develop asset management business such as property management and commercial management. The comprehensive cost of the loan is not higher than the bank's loan interest rate for the same period, and there is no need for the company to provide any form of guarantee, mortgage, pledge and other forms of guarantee to it.

The newly appointed chief financial officer, Xue Wen, can directly perform the approval procedures for each loan, and does not need to report to the board of directors and the shareholders' general meeting for consideration.

According to the original plan, the Development of the "Long-term Rental Apartment Construction Project" of the World Union Bank was implemented by borrowing from the implementing entity and wholly-owned subsidiary Shenzhen Shilian Jifang Asset Management Co., Ltd., with a total loan of 1.54 billion yuan. World Union House is mainly engaged in the management of long-term rental apartments and the whole operation of the general contract service, which is an important part of the world union bank's asset operation service.

This time, the World Union Bank announced that in order to optimize the asset-liability structure of the World Union Housing and promote its strategic transformation, it will be changed to the use of funds raised to increase the capital of the World Union Housing to develop the "long-term rental apartment construction project". Of the above-mentioned 1.54 billion yuan of borrowings, 450 million yuan was used to increase the registered capital of The World Union Housing, and 1.09 billion yuan was included in the capital reserve.

Since entering September, the World Union Bank's stock price has risen continuously. As of September 18, the World Union Bank closed at 5.98 yuan per share, down 2.29% and 41% compared with the closing price of 4.23 yuan per share on August 31.

Editor-in-Charge: Liu Xiuhao

Proofreader: Ding Xiao