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Involving the Dai Zhikang case, Zhu Yu, the general manager of Zendai Culture, was taken criminal compulsory measures

author:China Economic Net

Source: Beijing Daily Client

Recently, executives of listed companies have repeatedly thundered. On November 12, Li Hui, the actual controller of Fengyuzhu, was criminally detained on suspicion of colluding in bidding; on November 13, Hikvision's vice chairman and general manager were both investigated by the CSRC for violating laws and regulations.

By November 14, Shanghai Zendai Cultural Development Co., Ltd. ("Zendai Culture"), a company listed on the New Third Board, announced that Zhu Yu, the general manager of the company, had been taken criminal compulsory measures by the Pudong Branch of the Shanghai Municipal Public Security Bureau to assist in the investigation because of the suspected illegal fund-raising of funds by the "Fishing treasure" platform and the "Zendai Fortune" company under Shanghai Zendai Cultural and Creative Development Co., Ltd.

Involving the Dai Zhikang case, Zhu Yu, the general manager of Zendai Culture, was taken criminal compulsory measures

Zendai Culture is a seller and service provider in the cultural and artistic industry, the company through the organization of art exhibitions, art appreciation, auctions and private negotiations and other forms of business development, the revenue model is mainly art exhibition ticket sales, art sales and consultancy services charged. In June 2016, Zendai Culture was listed on the New Third Board.

The actual controller of Zendai Culture is Dai Zhikang. According to the company's semi-annual report, Dai Zhikang indirectly holds 60.23% of the company's shares through holding shanghai zendai cultural and creative development co., ltd. and Shanghai zendai investment and development co., ltd., and is the actual controller of the company.

Speaking of Dai Zhikang, the 92-faction entrepreneur is a star figure in China's capital market, who worked for China CITIC Bank, Hainan Securities and other institutions when he founded China's first public fund company, Tomishima Fund, when he was only 28 years old. From the capital market to real estate, to finance and culture, Dai Zhikang has many labels: the godfather of private equity, "real estate tycoon" and "capital predator".

However, this influential person ended up on p2p. On August 29 this year, the public security organs filed a case against Shanghai Zendai Cultural and Creative Development Co., Ltd. for suspected illegal absorption of deposits from the public. On September 27, the inspection authorities approved the arrest of Dai Zhikang, the actual controller and director, in accordance with the law.

This time, Zhu Yu was taken criminal compulsory measures, which is also related to this. According to the latest announcement of Zendai Culture, the assistance in the investigation is due to the fact that Zhu Yu served as the director and general manager of Shanghai Zendai Aite Financial Information Service Co., Ltd. (hereinafter referred to as "Aite Financial") from May 2018 to April 2019, and now serves as the legal representative of Aite Financial. The Pudong Branch of the Shanghai Municipal Public Security Bureau conducted an investigation into his business during this period of work.

According to the data, Zhu Yu, female, was born in October 1984. Chinese nationality, no right of permanent residence abroad. Graduated from the University of Glasgow in 2008 with a Master of Media Management. He was awarded a scholarship by the French Ministry of Foreign Affairs to study in Paris. From 2010 to 2015, he successively served as a reporter for Caijing magazine, the director of new media of Caijing.com, the deputy editor-in-chief of Caijing.com and the director of strategic cooperation. He joined Zendai Group in March 2015 as the Group's Brand Public Relations Director, in 2016 he concurrently served as the assistant to the chairman of Zendai Group, in July 2017 he was responsible for the Group's director office and administrative personnel, and from May 2018 to April 2019, he was the CEO of Shanghai Zendai Aite Financial Information Service Co., Ltd.

On the same day, Zendai Culture also announced that it intends to apply for termination of listing on the New Third Board. The reason is to achieve the company's long-term strategic development plan and cooperate with the company's own business development requirements, reduce the company's operating costs, improve the efficiency of business decisions, and concentrate on achieving the plan objectives.

Involving the Dai Zhikang case, Zhu Yu, the general manager of Zendai Culture, was taken criminal compulsory measures

According to this year's semi-annual report, Zendai Culture achieved operating income of 15.2995 million yuan in the first half of the year, a decrease of 23.56% compared with the same period last year, and the decrease in operating income was mainly caused by the reduction of the consulting service business, which has the characteristics of a large single amount and large transaction volatility, and the realization of the business during the reporting period is less than expected. The company achieved a net profit attributable to the shareholders of the listed company of -3.5824 million yuan, an increase of 2.2796 million yuan compared with the same period of the previous year. The increase in net profit was mainly due to a sharp decline in selling expenses and administrative expenses, and the company sold its shares in art network banking, its subsidiary, a start-up subsidiary.

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