On August 31, in the whirlpool of public opinionShuanghui DevelopmentHeld as scheduled for the first time in 2021shareholderGeneral Assembly. Bandung, who announced his resignation in mid-August,General meeting of shareholdersShang was re-elected as chairman, and his second son Wan Hongwei was elected as vice chairman.
At the general meeting of shareholders, Bandung also discussed some issues of concern to the outside world, such as “Shuanghui DevelopmentHas the high price of imported pork harmed the interests of listed companies? “”Wanzhou InternationalDo you want to transfer Shuanghui’s money abroad? “Waiting for a response.
Bandung was re-elected as chairman
Second son Wan Hongwei elected as vice chairman
In the evening of August 31,Shuanghui DevelopmentannouncementAccording to the report, the board meeting will be held in the meeting room of Shuanghui Building on August 31, 2021 by means of on-site voting combined with communication voting. The meeting elected Mr. Wanlong as the chairman of the company’s eighth board of directors,Mr. Wan Hongwei is the vice chairman of the eighth board of directors of the company, The term of office is the same as the term of the company’s eighth board of directors.
Shuanghui Development’s “Announcement on Resolutions of the First Meeting of the Eighth Board of Directors” shows thatThe meeting reviewed and passed the “Proposal on Election of the Chairman and Vice Chairman of the Company” with 8 votes in favor, 0 votes against, and 0 abstentions.. The meeting reviewed and approved the “Proposal on Election of Special Committee Members of the Eighth Board of Directors of the Company” with 8 votes in favor, 0 votes against, and 0 abstentions. The meeting reviewed and approved the “Proposal on the Remuneration Appraisal Plan for the Company’s Senior Managers” with 7 votes in favor, 0 votes against, and 0 abstentions. The meeting reviewed and approved the “Proposal on the Growth Award Reward Program” with 7 votes in favor, 0 votes against, and 0 abstentions.
According to Sino-Singapore Jingwei, since the fifth board of directors of Shuanghui Development,Bandung has been elected as Chairman of the Board of Directors for 4 consecutive terms; Since the seventh board of directors, Wan Hongwei has been elected as the vice chairman of the board of directors for two consecutive terms. Public information shows thatWan Hongwei is the second son of Bandung。
Recently, Shuanghui Development has been caught in a vortex of conflict between Bandung and his eldest son Wan Hongjian and his son, and the stock price has fluctuated and dropped. As of the close on August 31, Shuanghui Development rose slightly by 0.63% to 24.10 yuan.
Bandung responds to issues such as “importing American frozen pork at high prices”
On June 17, the parent company of Shuanghui DevelopmentWanzhou InternationalAnnouncement of the removal of executive directors,Removal of Wan Hongjian as executive director and vice chairman of the board of directors. Open the curtain of father and son infighting.Wanzhou InternationalThe reason was explained at that time: Wan Hongjian recently made improper attacks on the company’s property, which made the company believe that he was unable to perform his responsibilities as a director, prudence and diligence. After that, Wan Hongjian spoke out several times.
On August 12, Wanzhou International issued an announcement that Bandung had resigned as the company’s chief executive officer and retained the position of chairman; executive director Guo Lijun was appointed chief executive officer to succeed Bandung.
Wan Hongwei, assistant to the chairman of Wanzhou International and vice chairman of Shuanghui Development, served as executive director and vice chairman of the board of directors of Wanzhou International, and was appointed as a member of the Environmental, Social and Governance Committee and a member of the Food Safety Committee.
On August 17, Wan Hongjian published an article “Wan Hongjian: My Father and Bandung” to denounce his father Bandung. The article mentioned,In spite of opposition, Bandung imported 100,000 tons of frozen pork from the United States at a high price, causing as much as 800 million yuan in losses to Shuanghui, Damaging the interests of the listed company Shuanghui Development.
Public information shows that Bandung was born in September 1940, a native of Luohe, Henan, and is now81 years old. He is the founder of Shuanghui Group,Known as the godfather of the Chinese meat industry and the founder of the Chinese meat brand。
On August 23, Wanzhou International issued a clarification notice at noon in response to many allegations. The end of the clarification notice was signed “by the order of the board of directors of Wanzhou International Co., Ltd. Chairman Bandung.” “Push to the top.
On August 31, according to the Shanghai Securities News, Bandung responded to doubts that high-priced imported pork harms the interests of listed companies at the shareholders’ meeting. The price was 42,000 yuan per ton. At that time, Shuanghui imported from the United States at a price of 25,800 yuan per ton. The difference between domestic and imported one ton was 16,000 yuan.“Such a large price difference, one is conducive to Shuanghui’s participation in market competition, and the other is conducive to the company’s cost reduction.”Bandung said, “Based on the market conditions at that time, the company made the decision to import pork.”
Regarding Shuanghui’s 800 million yuan loss, a person who has been engaged in meat for a long timeimport and exportA business person said that it takes 3-5 months for imported pork to arrive from an order. During this period, the domestic live pig price dropped sharply, which was unexpected to the market. Shuanghui Development has a certain forecast for the second quarter trend of the live pig market. Mistakes.
Financial data show that in the first half of this year, Shuanghui Development made a provision for impairment of fresh pork inventory by 653 million yuan, with a balance of 436 million yuan.
Regarding Wan Hongjian’s allegation that “Wanzhou International has no substantive operations and transfers funds to overseas markets through various means”, Bandung responded by saying,Whether it’s fundraising,Dividends, Or foreign trade transactions, Shuanghui is normally carried out in accordance with relevant requirements and under various levels of supervision。
“In the near future, a variety of factors will have a certain impact on the company. After this term of the board of directors, it will be properly handled with the directors and the leadership team to ensure the stable development of the company.” Bandung said that the company will follow the established Shuanghui in the next step. In the 14th Five-Year Plan, we will insist on doing a good job in the main business, perfect the industrial chain, develop towards diversification, and improve the competitiveness of Shuanghui at home and abroad.
(Source: Daily Economic News)
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