St Bao Cheng Five senior executives resign or make way for new shareholders

July 9, St Prudential issued a notice on the resignation of senior executives, as many as 5 senior executives to the board of Directors, the Board of Supervisors submitted a resignation, the reasons for resignation are personal work changes.　　And this is also considered to be the original holding shareholder of China Huaxing Fluorine Chemical Investment Group Co., Ltd. (hereinafter referred to as fluorine chemical) in June 22 after the completion of the transfer of shares of a high-level collective exchange transfusion.　　The transfer of state-owned shares was awarded St Baoching Investment Co., Ltd., formerly known as St Lake Branch, its official name changed from July 9 to St Baoching.　　At the end of March this year, fluorine chemical said that it intends to transfer the company's limited conditions of sale by means of a public solicitation of 11.904 million shares, while transferring the right to recover 442,100 shares of shares.　　After the holding shareholder expresses the public solicitation, St Baoching is able to find a new owner, that is, Shenzhen Industrial Development Co., Ltd. (hereinafter referred to as the Giant Sheng Wah Industrial). Fluorine chemistry the transfer of the equity has been approved by the State Council SASAC on June 9.　　And if the transfer is successfully completed, Tai Shing Wah Industrial will hold 11,904,142 shares, accounting for the company's total share capital of 18.86%, become the largest shareholder; Fluorine chemistry holds 6.3125 million shares of the company, accounting for 10% of the company's total equity, and loses control over the company. According to the agreement between the two sides, Ju-sheng-wah industry will be about 350 million yuan to buy fluorine chemical holdings of the St Lake Division 18.86% Equity, the resumption of the reform of the 442,000-unit St Lake branch of the rights and claims about 110 million yuan. Among them, the limited sale conditions of the circulation of shares and share reform of the stock transfer price of 19.35 yuan per share.　　However, St Baoching now shares only 16.30 Yuan.　　Ju-sheng-wah industry, said that through the acquisition of the St Lake branch after the first major shareholder, to the St Lake Division to carry out asset reorganization to enhance the St Lake section of the sustainable management capacity and profitability, has not yet formed a specific program. High-level exchange in the state-owned equity transfer after the approval of Sasac, St Baoching July 6 and 8th respectively received Wu Guacheng, Chen Xingliang, Li Jing, Ding Yunqing (all due to personal work changes) request to resign the company's seventh session of the Board of Directors. Chen Xingliang resigned from office of general manager, the written resignation shall come into effect upon service of the board.　　In addition, the Board of Supervisors on July 8, 2010 received Wang Shujian (due to changes in personal work) request to resign the company's seventh session of the Board of Supervisors in the written resignation.　　For the reasons for these executives to leave and whereabouts, "securities daily" reporters 9th call the company, but no one answered the phone. According to the company's annual report of 2009, the resignation of Wu Guacheng was a director, general Manager and party secretary of China Huaxing Automobile Trade Group Co., Ltd. Chen Xingliang, Director of the preparatory office of the listed company of the modern agricultural science and Technology Demonstration Park of Beijing Xiao Tangshan, general manager of Beijing Changxin State-owned Assets investment operation Company. Li Jing has served as deputy general manager of the company, the Secretary of the current board. Ding Yunqing has been a financial director of best Friend Investment Co., Ltd., the current company director and Chief accountant. Wang ShujianAs a director, deputy general Manager and vice chairman of China Huarui Investment Management Co., Ltd. is currently the assistant general manager of China Huaxing Group Company and general manager's Office director, personnel manager. Of the above 5, Chen Xingliang, Li Jing, Ding Yunqing are paid from the listed companies, respectively, 280,000, 444,000 and 444,000 yuan.　　and Wu Guacheng and Wang Shujian are respectively in the original holding shareholder fluoride chemical and China Huaxing Group to receive compensation benefits. Currently, only the original chairman and vice chairman of the board and three independent directors, I believe that not long, the new major shareholder of the Great Shing Wah industrial aspects will be settled in it.