Pre-management of Taiji shares 800 retired employees joint report

After one year, Taiji shares holding shareholder, China Electronics Technology Group 15th Institute (hereinafter referred to as 15) more than 800 employees cross-examine the reform caused the loss of state capital, and report "Executive and private capital money trading" thing, gradually have some results, Tai Chi Former executives also to the "Huaxia times" in response to the inside of the reform. Tai Chi shares by 15 of the Tai Chi Company restructuring, the prospectus disclosed, September 2002, 15 as the main sponsor, Beijing Elite Tak Chong Investment Co., Ltd., Beijing Dragon Hing Technology Development Co., Ltd and natural persons Liu Aimin, Liu Huai Pine, Maquanlin, Liu Xieming, Chai Yongmao, Zhang Suewei,　　Liu Xiaowei As other sponsors, to launch the establishment of the way to set up Tai Chi shares. and 15 internal publication "Taiji Information" November 28, 2002 published in the "main shareholder introduction" article wrote: "The current shareholder structure for China Electronics Technology Group 15th Institute and Private Capital, the shareholding ratio is 62% and 38%, registered capital of 73.7892 million yuan."　　"There is no mention of 7 sponsors."　　Liu Aimin at that time as the director of the XV, Taiji AG Chairman, legal representative, Maquanlin at that time as party secretary of the XV, Tai Chi AG Director, Liu Huai Pine at that time as deputy director, the current Tai Chi shares vice chairman, president, several other natural promoters are from 15 to enter the Taiji shares of employees. Since last May, 15 of employees have been confronted by Liu Aimin and others. "Why not hold the staff Congress to discuss why the shareholding was not publicly available, and where did you get 8 million of the funds?"　　"Senior executives borrowed money in May last year, more than 15 retired workers found Liu Aimin to explain the restructuring and to provide the legitimate source of funds for the stock subscription. They told reporters that in the first conversation, Liu Aimin said there was really not that much money, borrowed from the outside. The second time, a number of employees again questioned who borrowed, Liu Aimin said, 8 million of funds are by the step group to pay.　　Step Group is the essence of the actual control of the German people, directly involved in the Tai Chi stock restructuring. April 15, Liu Aimin in the "Huaxia Times" reporter in an interview, said: "At the time, the funds were raised from the outside, did not use a penny from within 15." Liu Aimin said that the Tai Chi Company's restructuring and reorganization was carried out under national laws and regulations, approved by the Ministry of Finance, Ministry of Information industry, Economic and Trade Commission and other departments. In the restructuring of the mobilization, the company's published in the "Taiji Information" has repeatedly released restructuring information, no one has expressed interest in the capital, the restructuring also does not allow retired workers to hold shares.　　15 since the restructuring of the total assets value from 200 million to billions of, why they do not see the reality of the preservation and appreciation of state-owned assets. After 2003, in view of the state-owned enterprises have not standardized restructuring, the loss of state-owned assets, the State Council, SASAC issued a number of documents, including the 2003 Sasac 96th, the state-owned property transfer,In the event of management buyout, the managers shall not participate in the transfer of state-owned property rights decision-making, financial audit, asset appraisal, reserve price determination, etc.　　2008 Sasac 139th also mentioned that in order to regulate the source of funds for investment, it is not necessary to require other enterprises that have business dealings with enterprises to provide loans or help to finance employees ' investments.　　According to 15 of employees, 15 and Tai Chi Company is in fact a unit, two brands, from the beginning of the 2000 Taiji Company began internal reorganization, the 2002 set up joint-stock companies, in the process, Liu Aimin and other people is the leader of the restructuring group, but also the shareholders of Taiji shares.　　Tai Chi shares of internal data also confirmed that the reorganization of the implementation of the plan, by the Board of directors, general manager meetings Many discussions, by the Board approved the Tai Chi Company's restructuring program. Liu Aimin told the Reporter: "We and these partners understand each other, they believe that we 15 of the team, but did not know at that time the plight of 15 itself, or external capital will not invest in money."　　He said that at that time, the total income of the XV is less than 200 million, profit less than 1 million, there are more than 40 business units, less than 400 employees, each unit on average 4 people, not business ability, restructuring, has been close to the brink of collapse. "Executives in state-owned companies have a stake in restructuring, and money can be borrowed from the outside, but it involves interested companies to see whether there is a power trade in their subsequent actions," says a lawyer at Blue-Peng law firm.　　"Whether intangible assets underestimate the capital invested in the 2002 Tai Chi stock Establishment, and the assets assessment of the original Taiji company, 15 workers said they further discovered the" undervalued state-owned intangible assets "problem. 2002, in the establishment of Taiji shares, the assets include two parts, 15 as the main sponsor of the Tai Chi Computer Company's operating assets and related liabilities, after the assessment of the total assets of 262 million yuan, liabilities for 215 million yuan, net assets of 45.7892 million yuan; mainly includes: Money funds, accounts receivable , inventory, equipment, means of transport and related liabilities.　　The essence of the investment of the cash 18 million yuan, the dragon to create Hing investment in cash 2 million yuan, the other 7 natural persons put in cash 8 million yuan. 15 of employees questioned said: "It is clear that 15 and Tai Chi companies have the most investment value of the software, trademarks, qualifications, Tai Chi brand, customer base and other intangible assets are not included in the scope of asset assessment." Serious violation of the State Council, SASAC on intangible assets must be included in the scope of the provisions of the assessment. "15 employees said:" If the intangible assets as a capital investment of 15, the 2002 restructuring of the Tai Chi Company's net assets should be hundreds of millions of. "Intangible assets are not assessed, greatly reducing the 15 in Tai Chi shares in the holding ratio, but also to participate in the restructuring of the essence of the company to lower prices to enter the new shareholder ranks." Tai Chi Company in the restructuring, because intangible assets are not included in the assessment price, net assets of more than 45 million. Liu Aimin responded: "If you look at the situation at that time, 15 in a completely competitive market, survival has been difficult, no one thinks that the time of the Tai Chi Company intangible assets value how much money." At that time, the estimated 45 million net assets, is the company's restructuring of the founders for state-owned assets to preserve and increase efforts to form.　　Liu Aimin also said that from the ancient times, the reformers have no good end, they have no longer hold Tai Chi shares, nor as the director of 15, but if the reform is responsible, he is willing to take full responsibility.　　Group investigation Team involved in the current, 15 of nearly 800 retired workers, a joint petition to complain, before this, they have tried to prosecute through legal channels, but similar to the loss of state-owned assets, if prosecuted in court, will encounter a "who is the direct victim" problem. It is said that 15 of the staff of a letter of complaint, and from the relevant departments back to the Chinese electronic technology group.　　On the eve of the Spring Festival, the group of 15 stationed a survey group, by the group's audit, discipline, finance, investment department and other departments of personnel, has been to the Tai Chi Company restructuring has done one months of investigation. At that time, the initiator Liu Aimin, Liu Xieming, before the listing will no longer hold Tai Chi shares. Liu Aimin finally said: "I am now a civilian, restructuring things worthy of 15, worthy of the preservation of state-owned assets, if not 2002 years that restructuring, 15 now what is the situation?" "After the listing of Tai Chi shares, the shares held by executives such as Liu Huai Pine, as promised in the prospectus, do not transfer or entrust others to manage their holdings within 12 months from the date of listing of the company's shares." In April of this year, shares held by Liu Huai and others have been lifted. On behalf of several other Tai chi executives, Liu Huaisong said that the 3-month extension of the lifted shares was an explanation of the group's ongoing investigation. Responsible Editor: NF058