On June 2, *st Zhongchang (600242) announced that Li qunnan, the director, was placed on criminal record by Chaoyang Branch of Beijing Municipal Public Security Bureau for suspected misappropriation of funds. It was learned from the public security and judicial organs that Beijing Chaoyang District procuratorate had made a decision on June 1 to approve the arrest of Li qunnan.
Liqunnan used to be the chairman, general manager and legal person of *st Zhongchang. He stepped down as the chairman in October, 2020, and the legal person of the company was changed to Lingyun in August, 2021. In November 2021, *st Zhongchang announced that he was suspected of misappropriating funds during his tenure, and mentioned that Li qunnan was the former head of the subsidiary Shanghai Yunke Network Technology Co., Ltd. (hereinafter referred to as "Yunke technology").
In May, *st Zhongchang disclosed in its reply to the regulatory letter that Li qunnan was suspected of misappropriating funds to purchase mining machines and pay custody fees, making decisions and paying funds for foreign investment, and transferring the company's funds without implementing the approval process.
Regarding the money suspected of misappropriation, *st Zhongchang disclosed that from January to September 2021, the company paid 27.81 million yuan for the purchase of servers, which did not form an asset in the company's book. After checking the purchase contract, it was found that the purchase content included Shenma mining machine (model: m31s-76t44w) and supercomputing server (model s10pro), which were only used for bitcoin mining, and 25.24 million yuan was paid for custody fees, They are all the expenses incurred from the custody of the above mining machines, and the 491000 deposit is also the deposit for the custody of the above mining machines, with a total amount of more than 53.54 million yuan.
Shanghai Bisheng Technology Co., Ltd. (hereinafter referred to as "Shanghai Bisheng") sued Shanghai Jincai for the custody of mining machinery, He sued Shanghai Jincai Network Technology Co., Ltd. (hereinafter referred to as "Shanghai Jincai"), asking Shanghai Jincai to return the income account of 313 Shenma m31s mining machines transferred without authorization and all the income generated from the mining machine account during the period of possession. Shanghai Bisheng said that he purchased 1236 mining machines, ant mining machines and Shenma mining machines, seven times, at a purchase price of about 25.22 million yuan.
On January 30, 2021, Shanghai Bisheng orally entrusted Shanghai Jincai to sign the custody agreement for the above-mentioned machines and mines in its own name, and paid part of the electricity charge in the name of Shanghai Jincai. Unexpectedly, in March, 2021, when the price of machinery and equipment and the income of the equipment account increased significantly, Shanghai Jincai coveted the assets and attempted to take the mining income of the above machinery, equipment and account as its own. On the morning of May 13, 2021, it suddenly tampered with the income account address of 313 mining machines, resulting in Shanghai Bisheng completely losing control of the mining machine income account. At the same time, Shanghai Jincai also notified three managed mines to attempt to take over all the daily operation and management of the aforementioned equipment and seize all mining machines and revenues. According to the industrial and commercial information, the defendant Shanghai Jincai is a wholly-owned subsidiary of Yunke technology and a *st Zhongchang subsidiary.
*St Zhongchang also mentioned that after the legal person was changed from liqunnan to Lingyun, the company's official seal has not been handed over. During the handover process, Li qunnan dismissed the employees of the subordinate companies. At the same time, the company's then supervisor, then employee supervisor and some employees refused to hand over some financial and personnel data. The unsettled financial data collated by the company include but are not limited to settlement sheets, contracts and electronic calculation drafts of the company's revenue and cost. In addition to the accounting vouchers of the company that are obviously inconsistent with the accounting standards for business enterprises found in the process of self-examination. The company has been subject to delisting risk warning since may6,2022. Part of the reasons for the limited audit scope are related to Li qunnan's suspected misappropriation of funds and lack of financial data.
In addition, *st Zhongchang was previously included in the list of dishonest Executees, and the actual controller chenjianming was banned from entering the securities market for ten years by the CSRC due to the case of manipulating the securities market, and was granted a guarantor pending trial by the Shanghai Public Security Bureau. On August 31, 2021, as the actual controller of Shanghai Sansheng Hongye investment (Group) Co., Ltd., Chen Jianming was issued a reward notice by Qingdao intermediate people's court.
Chenjianming, founder of Sansheng Hongye, in addition to holding Zhongchang data, invested HK $2billion in 17 years to become the owner of Zhenke group (00859), a Hong Kong listed company, now known as Zhongchang International Holdings. The main body of Zhongchang data is Zhongchang big data Co., Ltd., which was engaged in shipping business at the beginning of its establishment in 1993. In the past 15 years, it has entered the field of big data and provided various marketing businesses. The field of data services includes finance. Zhongchang data subsidiaries include Yunke technology, Beijing Boya Cube Technology Co., Ltd., etc. In 2019, the financial payment of employees of Sansheng Hongye, a former top 100 real estate enterprise, was overdue, and almost all the shares of *st Zhongchang held by Sansheng Hongye, the controlling shareholder, were frozen.