Shenzhen Haobo Window Control Technology Co., Ltd. (hereinafter referred to as "Haobo Window Control"), whose core product is door and window control devices, is a door and window hardware company related to the real estate industry. The actual controllers Li Zengbang and Sun Zhaoxia have total direct and indirect control. Nearly 95% of the company's shares before the issuance. Since the company's equity is highly concentrated in the hands of the actual controller, the risk of improper control by the actual controller cannot be ignored.
In addition to Li Zengbang’s nephew and son-in-law Liu Zhiguo serving as the company’s director and deputy general manager, and Sun Zhaoxia’s younger brother Sun Yanliang serving as the company’s purchasing strategy manager and other important positions, reporters from the Public Securities News also noticed that some of the company’s directors, supervisors and senior management have something worth noting . At the same time, Li Zengbang's own career experience also attracts attention in terms of letter disclosure.
Chairman of the Board of Supervisors was an assistant to the financial manager at the age of 18
Haobo Window Control Before this issuance, the actual controllers Li Zengbang and Sun Zhaoxia directly held 53.91% of the company's shares, and controlled a total of 94.58% through control of Bojia Investment and Haobo Investment. Li Zengbang serves as the chairman of the company, and Sun Zhaoxia serves as director and deputy general manager. Based on the company's public issuance of 15 million new shares, after the issuance is completed, Li Zengbang and Sun Zhaoxia will still collectively control 70.94% of the company's shares, occupying an absolute controlling position.
Regarding the risk of improper control by the actual controller, Haobo Window Control reminded in the prospectus: "Although the company has established a relatively complete corporate governance structure, formulated and implemented the 'three meetings' rules of procedure, established an independent director system, and established an audit Committee and other measures to continuously improve the company's corporate governance structure. However, if Li Zengbang and Sun Zhaoxia abuse their status as actual controllers in the future and exercise voting rights and management functions to improperly control the company's personnel, business management and financial decisions, they may It will adversely affect the interests of the company and other shareholders of the company. "Li Huiling, the chairman of the company's supervisory board nominated by
actual controller Li Zengbang, has something worth noting.
Li Huiling currently serves as the financial manager of Haobo Window Control, and the term of chairman of the supervisory board is from December 2020 to December 2023. The resume of Li Huiling disclosed in the prospectus is very concise: "Female, born in May 1990, college degree, served as assistant financial manager of Haobo Industry from September 2008 to December 2012; from January 2013 to December 2020, served as Haobo Limited financial manager; from December 2020 to present, he has been the chairman of the company's supervisory board and financial manager. "In addition, the Shiyan Wei Zhizhan Bottled Water Store in Bao'an District, Shenzhen is an individual industrial and commercial enterprise controlled by Li Huiling's spouse Wei Zhizhan.
According to the prospectus, Li Huiling joined Haobo Industrial when she was 18 years old. Judging from the usual entry into elementary school at the age of 6 or 7, plus middle and high school studies, students will be 18 or 19 years old when they graduate from high school; if they do not go to high school but attend a technical secondary school or vocational school, they will graduate around 18 years old. This means that Li Huiling may have graduated from high school or (junior) technical secondary school or vocational school when she entered Haobo Industrial.
Haobo Industrial is the business source of Haobo Window Control. It is now a wholly-owned subsidiary of the company. In January 2017, it was renamed Havoigen Industrial (Shenzhen) Co., Ltd.
company stated in its prospectus that its business originated from OEM (original design manufacturing) for overseas brands. "In 2003, the actual controller of the company established Shenzhen Haobo Industrial Co., Ltd. With the development of China's aluminum alloy doors, windows, and curtain wall products, Structural adjustment and optimization, European system doors and windows represented by Germany were introduced into the Chinese market. In the early days of its establishment, Haobo Industrial provided ODM OEM services for overseas door and window hardware brands. Its products mainly included plastic steel door and window hinges, as well as aluminum alloy sliding door pulleys and handles. , strip locks, etc. At this time, Hobo Industrial adopts a full-process model, and its business scope includes basic hardware processing such as stamping and die-casting. In 2007, Hopo Industrial established the 'hopo' brand to actively promote the localization of door and window hardware. The main products include hardware components for sliding doors and windows, such as transmission shells, handles, lock points, lock seats, etc. "
In other words, it is a manufacturing enterprise that has been established for 5 years and has established its own brand to promote local substitution. At Bo Industrial, Li Huiling, who may have just graduated at the age of 18 and had no financial experience, served as an assistant financial manager when she joined the company. The reasons behind it and whether Li Huiling has a special relationship with the company’s actual controller, directors, supervisors, or major business interests are worth noting.
The letter disclosed by the secretary to the board of directors is inconsistent with other A-share companies
In addition to Li Huiling, who entered the company's business source company as an assistant to the financial manager at the age of 18, the financial director of Haobo Window Control, the secretary to the board of directors Du Yifu, and the actual controller Sun Zhaoxia nominated Haobo window control independent Dong Xiangjing is also worth mentioning.
Judging from the letter disclosure of another A-share company, the letter disclosure of Haobo Window Holdings' prospectus on the financial director and board secretary Du Yifu is partially different from it. The resume of Du Yifu disclosed in the
company prospectus is: "Born in September 1979, Chinese nationality, no permanent overseas residence, bachelor's degree, certified public accountant. From July 2001 to June 2003, he served as Shandong Xinhua Pharmaceutical Group Co., Ltd. Company accountant; from December 2003 to May 2005, audited by Ren Tianzhi Zixin Certified Public Accountants Co., Ltd. Shenzhen Branch; from June 2005 to November 2009, served as financial director of Shenzhen Junze Electronics Co., Ltd.; from December 2009 to In March 2015, he served as the financial manager of Qidong Qianshuo Electronics Co., Ltd.; from August 2015 to July 2018, he served as the financial director of Guangzhou Huiwei Electroacoustic Technology Co., Ltd.; from August 2018 to July 2021, he served as the financial manager of Shenzhen Qiande Electronics Co., Ltd.'s financial director and secretary of the board of directors; from September 2021 to the present, he has served as the company's financial director and secretary of the board of directors. Du Yifu's resume was revealed in the prospectus disclosed before the listing of
a-share company Hivi Technology in July 2017 (see Figure 1). As: "Financial Director, male, Chinese nationality, no permanent overseas residence, born in 1979, bachelor's degree, certified public accountant. From 2001 to 2003, he served as accountant of Shandong Xinhua Pharmaceutical Group; from 2004 to 2005, he served as Tianzhi Zixin (Shenzhen ) Auditor of an accounting firm; from 2006 to 2009, he served as the financial director of Shenzhen Junze Electronics Co., Ltd.; from 2009 to March 2015, he served as the financial manager of Qidong Qianshuo Electronics Co., Ltd.; from August 2015 to the present, he serves as the company’s financial director.”
Figure 1: Screenshot of the prospectus of Hivi Technology
Comparatively, there are differences in the tenure of Du Yifu with the same career experience in the prospectus of the company and Hivi Technology:
First, the company calls Du Yifu from December 2003 to 2005. In May, the Shenzhen branch of Ren Tianzhi Zixin Accounting Firm Co., Ltd. was audited. Huiwei Technology said that it was the auditor of Ren Tianzhi Zixin (Shenzhen) Accounting Firm from 2004 to 2005;
The second is that the company said that Du Yifu was in 2005 He served as the financial director of Shenzhen Junze Electronics Co., Ltd. from June to November 2009, and Hivi Technology stated that he served as the financial director of Shenzhen Junze Electronics Co., Ltd. from 2006 to 2009.
Comparing Huiwei Technology's prospectus disclosure, it is also worth noting why there is a difference in the length of Du Yifu's same industry experience disclosed by Haobo Window Control, whether the reasons for the difference are true and reasonable, and whether the company's prospectus disclosure is true and accurate.
As for the company’s independent director Xiang Jing, judging from the resume disclosed by Haobo Window Control, Xiang Jing has a relatively strong background in the investment field. However, although she has a doctoral degree, she started working when she was less than 20 years old. At the same time, her close relatives have controlled investments. Consulting companies.
"Female, born in October 1976, Chinese nationality, no permanent residence abroad, doctoral degree, senior economist. From August 1995 to August 1997, she served as futures broker and director of the customer department of Guangzhou Huaxin Commodity Futures Company ; From December 1997 to October 2009, he served as sales department employee, investment department manager, general manager office director and board secretary of Guangdong Guangyang High-Tech Co., Ltd.; from November 2009 to November 2010, he served as Boda Hengtong Investment Consultant ( Researcher of Shenzhen) Co., Ltd.; from December 2010 to March 2016, he served as senior investment manager and deputy director of the research department of Shenzhen Hehui Xinda Investment Co., Ltd.; from March 2016 to December 2017, he served as Shenzhen Hongtiancheng Fund Management Co., Ltd. Director and general manager of the company; from December 2017 to December 2020, he served as deputy general manager and secretary of the board of directors of Shenzhen Huawei Century Technology Co., Ltd.; from December 2017 to December 2020, she served as Shenzhen Zhongdian Intelligent Information Security Technology Co., Ltd. Deputy General Manager and Secretary of the Board of Directors; From March 2017 to present, he has served as Executive Director and General Manager of Shenzhen Tuozhi Technology Co., Ltd.; From January 2021 to present, he has served as Independent Director of Hunan Jiudian Pharmaceutical Co., Ltd.; From February 2021 to September 2022 He serves as an independent director of Shenzhen Batian Ecological Engineering Co., Ltd.; he has served as an independent director of Yingke Medical Technology Co., Ltd. since March 2022; he has served as an independent director of the company since December 2020. "The company's prospectus disclosed Xiang Jing's resume.
Xiang Jing's parents once controlled Shenzhen Dexing Tianxia Investment Consulting Co., Ltd. (hereinafter referred to as "Dexing Tianxia") - Xiang Jing's father, Xiang Kaiyin, served as executive director and general manager and held 70% of the shares; Xiang Jing Mother Shin Xiuying serves as a supervisor and holds 30% of the shares. The two will transfer their shares and step down in October 2022.
Judging from the industrial and commercial registration information queried by Qichacha, Xiang Jing’s parents held 100% of the shares of Dexing Tianxia, which was established in March 2012, before April 19, 2013. The change registration information on that day showed that Xiang Jing’s parents both Proportional capital increase.
Haobo Window Control also disclosed that Guangzhou Ye Shangzhuo Sculpture and Crafts Co., Ltd. has Xiang Jing’s brother’s spouse Jin Zheng as the executive director and general manager, and holds 80% of the shares; Xiang Jing’s brother Xiang Jingming serves as the supervisor and holds 20% equity. Jin Zheng also holds 99.9% of the investment share of Guangzhou Dingshang Investment Consulting Partnership (Limited Partnership) and serves as the executive partner. It can be seen from the companies that Jin Zheng (including his history) invested in or worked for through Qichacha that in his early years he mainly operated a sculpture business department or a sculpture and building materials store.
It is worth mentioning that among the top 10 shareholders before the issuance disclosed in the listing prospectus of Penghui Energy from Guangzhou in April 2015, there is a natural person shareholder named Jin Zheng who holds 1.499977 shares, with a shareholding ratio of 2.38%. , who does not hold a position in the enterprise.
Penghui Energy's 2018 first quarter report shows that Jin Zheng, the seventh largest shareholder, holds 4.4999 million shares. Wind statistics show that the reference market value at the end of the shareholding period is 108 million yuan. After the initial release of restricted shares of Penghui Energy on April 24, 2018, the 2018 interim report showed that Jin Zheng disappeared from the list of the top ten shareholders (the lowest shareholding at the end of the current period was 1.8731 million shares).
In addition, Xiang Jing’s brother Xiang Jingming was a 20% shareholder of Zhuzhou Guangyang High-tech Co., Ltd., which was established in June 2007 and canceled in March 2018. The 50% shareholder of this company was Xiang Jing. Guangdong Guangyang High-tech Co., Ltd. has been working for more than ten years.
The actual controller also has something that attracts attention.
In fact, the early career experience of Li Zengbang, the actual controller of Haobo Window Control, is also worth noting. The prospectus of
company disclosed in Li Zengbang's resume that from July 1999 to May 2007, he served as the Southern District Regional Manager and National Regional Key Account Manager of Gewu Trading (Shanghai) Co., Ltd.
Search the full name of Gewu Trading (Shanghai) Co., Ltd. in the company, or search with the keyword Gewu. There is only one company named Gewu Trading (Shanghai) Co., Ltd. This German-owned enterprise was established on April 29, 2007. was established in 2010, and its Beijing branch was established in March 2010 (see Figure 2).
Figure 2: Screenshot of Gewu Trading (Shanghai) Co., Ltd. submitted by Gewu Trading (Shanghai) Co., Ltd. to the Shanghai Municipal Supervision Agency. Its official website is www.g-u.com. When logging in, you can see that the website is the official website of the German g-u Group.
public information shows that the German g-u Group is a well-known enterprise in the field of door and window hardware accessories in the world. It is a peer company with Haobo Window Control. Gewu is the Chinese name of the German g-u Group and its g-u brand. The g-u (Gate House) mentioned in the company's prospectus is the German g-u Group.
In addition, industrial and commercial information shows that Gewu Trading (Shanghai) Co., Ltd. is a wholly-owned enterprise invested and established by the German g-u Group in China. From the perspective of business scope, it is responsible for selling the products of the German g-u Group in China and providing corresponding services.
Judging from the company's letter disclosure and the query results through Qichacha, Haobo Window Control said that Li Zengbang joined Gewu Trading (Shanghai) Co., Ltd. in July 1999, which is consistent with the establishment time of Gewu Trading (Shanghai) Co., Ltd. In April 2007, the reasons for the differences and their rationality, as well as the accuracy and even authenticity of the company's disclosures, all attracted attention.
Furthermore, from July 1999 to 2007, Li Zengbang served as the Southern District Manager and National Regional Key Account Manager of Gewu Trading (Shanghai) Co., Ltd. In 2003, he and his spouse Sun Zhaoxia founded Haobo Industry, the source of the company's business, and Sun Zhaoxia serves as the legal representative, executive director, and general manager, and she only serves as a supervisor.
In fact, before founding the door and window hardware company Haobo Industry, Li Zengbang had a background as a marketing manager in a real estate company, and Sun Zhaoxia was a designer in a textile and apparel company (see Figure 3).
Figure 3: Screenshot of Sun Zhaoxia’s resume from the Haobo Window Holdings prospectus
Then, the company claims that Li Zengbang founded Haobo Industrial, a competing company in the same industry, while serving as the regional manager of the southern region and the national regional key account manager of Gewu Trading (Shanghai) Co., Ltd. Whether Gewu Trading (Shanghai) Co., Ltd. knows and allows it is a matter of concern. Also, Sun Zhaoxia, who was previously just a designer for a textile and apparel company, holds a key position in Haobo Industry, while Li Zengbang serves as a supervisor. Whether it is to avoid industry bans and whether Li Zengbang is the actual operator is also attracting attention. Under the registration system of
a shares, trust disclosure is the center. Authenticity, accuracy and completeness are the keys to trust disclosure. Relevant disclosures of controlling shareholders, actual controllers, directors, supervisors, and senior management, including business experience, related parties, etc. are also concerns about corporate disclosures from all walks of life. In response to the above-mentioned questions surrounding matters or disclosures related to some directors, supervisors, senior executives and actual controllers, a reporter from Public Securities News sent an interview letter via email, but had not received a reply as of the time of publication. This newspaper will continue to pay attention to other noteworthy situations in Haobo window control. Reporter Chen Gang
