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1.Jiangxi Introduced A Priority Rental Subsidy Program For Three Children Families

On May 5, the Jiangxi Provincial People’s Government issued the “Implementation Plan for Optimizing Fertility Policy for Long-term Balanced Population Development in Jiangxi Province”, in terms of reducing the pressure on education and parenting, the program clearly strengthens housing, financial and other support policies, encourages people’s governments at or above the county level to establish a childcare subsidy system, and encourages localities to implement differentiated preferential policies for renting and purchasing housing according to the burden of raising minor children. The program proposes that all places explore the allocation of public rental housing, secure rental housing, to meet the local housing security conditions and families with minor children, according to the number of minor children in the family in the choice of household type and other aspects to give appropriate tilt.

2.Legend Holdings Submits Rectification Report To Beijing Securities Regulatory Bureau

According to the announcement issued by Legend Holdings, it has completed the relevant rectification work in accordance with the requirements and submitted a written rectification report to the Beijing Securities Regulatory Bureau in response to the decision on administrative supervisory measures issued by the Bureau on 14 April 2022. The announcement shows that Legend Holdings received the decision letter of administrative supervisory measures issued by the Beijing Securities Regulatory Bureau on 14 April 2022, and the Company has issued the “Announcement of Legend Holdings Limited on the Receipt of the Decision Letter of Administrative Supervisory Measures from the Beijing Securities Regulatory Bureau” on 14 April 2022 in accordance with the interim information disclosure requirements. The Company has completed the relevant rectification work in accordance with the requirements and submitted a written report on the rectification to the Beijing Securities Regulatory Bureau.

3.Everbright Bank Vice President Zhao Ling becomes Secretary Of Party Committee

On May 7, the reporter learned that Everbright Securities held a meeting in the morning of May 6 to announce that Zhao Ling was appointed as the secretary of the party committee of Everbright Securities and Liang Yi was appointed as the deputy secretary of the party committee of the company. Previously, in the evening of April 28, Everbright Securities announced that it agreed to nominate Zhao Ling as a candidate for executive director of the company’s board of directors and Liang Yi as a candidate for supervisor of the company’s supervisory board, both of which took effect from the date of consideration and approval at the shareholders’ meeting. Zhao Ling and Liang Yi, who are the party secretary and deputy party secretary of Everbright Securities, have served in China Everbright Group Corporation for more than 20 years. According to the announcement, Zhao Ling was born in 1972, is now 50 years old and has a doctorate in management. It is worth noting that Zhao Ling is also a member of the Party Committee, Vice President and Secretary of the Board of Directors of China Everbright Bank Limited.

4.Shenzhen Stock Exchange sends annual report inquiry letter to Huayi Brothers

On May 7, the management department of the Shenzhen Stock Exchange issued an annual report inquiry letter to Huayi Brothers, requesting the annual auditor to explain the existence and reasonableness of prepaid accounts of a long age and the existence of related relationships with other companies controlled by the company’s de facto controller. Verify whether there are irregularities in the company’s external guarantees. And explain the means of verification and the results of correspondence, etc. Explain whether the company has the risk of debt default. And whether there is a risk that the pledged assets are disposed of and the impact on the company. The annual report shows that the top five prepayments of Huayi Brothers at the end of 2021 totaled RMB 311 million, accounting for 53.39% of the total prepayments at the end of the period. The company’s money capital at the end of 2021 was 621 million yuan, short-term borrowings were 526 million yuan, non-current liabilities due within one year were 610 million yuan, and long-term borrowings were 732 million yuan.

5.Mercedes-Benz Recalls 2,367 Imported And Domestic Vehicles

According to the news of the General Administration of Market Supervision, recently, Beijing Benz Automotive Co., Ltd. and Mercedes-Benz (China) Automotive Sales Co., Ltd. filed a recall plan with the State Administration of Market Supervision and Administration according to the requirements. According to the relevant requirements, from May 31, 2022, recall some C-class, E-class, EQC, GLC SUV vehicles with production dates between June 4, 2021 and July 8, 2021, a total of 2,365 units. A plastic part on the front seat backrest adjustment mechanism of some of the vehicles under recall was made of incorrect material during the production process, resulting in possible breakage of this part.

6.Tibet Tourism Receives Regulatory Warning From SSE

Tibet Tourism and relevant responsible persons were given regulatory warnings by the SSE, saying that they were involved in non-operating capital appropriation. The SSE issued a decision on May 7 to give regulatory warnings to Tibet Tourism Company Limited, its actual controller Wang Yusuo, its related party Xin Est Hotel Management Company Limited and the responsible persons. It was found that from January to April 2021, in order to solve the historical legacy issues such as the resettlement of old employees who had been transferred, Tibet Tourism received and paid social security and provident fund payments on behalf of some employees of Xin Est Hotel controlled by the actual controller for RMB 1.2609 million, accounting for 0.12% of the company’s audited net assets at the end of the previous year, forming non-operating funds appropriation.

7.Doushin Education’s Company Enforced With 130 Million

May 7 news, the sky eye search App shows that recently, DouShen online school affiliated companies Chinese Future Education Technology (Beijing) Co. Chinese Future Education Technology (Beijing) Co., Ltd. and Beijing Lischen New Technology Co., Ltd. are both listed companies under Dou Shen Education Technology (Beijing) Co. The risk information shows that Chinese Future Education Technology (Beijing) Co., Ltd. has existed several executee information, and the total amount executed exceeds 132 million yuan. In addition, the company also has a final case and information about the defaulted executee, the company and legal representative Dou Xin has been restricted from high consumption.

8.Dairy Giant Danone And Mengniu Completely End Multi-Year Partnership

According to the latest announcements by Mengniu and Ashley on the evening of May 6, three important transactions were centrally disclosed: Danone’s sale to Mengniu of its 25% stake in Ashley and a 20% stake in the low-temperature business joint venture. At the same time, Danone will acquire 100% of Dometic China from Ashley. One year after French dairy giant Danone emptied its stake in Mengniu Dairy, the latest progress in cutting off assets between the two was finally announced: late on May 6, Mengniu Dairy and Ashley International jointly issued an announcement announcing the sale of Danone’s 25% stake in Ashley to Mengniu, a 20% stake in the low-temperature business joint venture, and the acquisition of 100% of Dometic China from Ashley, three important transactions. The transaction will be completed. Once the deal is completed, it also means that the two giants have completed a complete “cut” at the cooperation level after the equity is clarified.

by【G-translators Financial Team】
Author: 雪梨