What is a Beneficial Owner?

Born in Hong Kong in 1961, he entered the University of Southern California for a Bachelor of Engineering at the age of 16 and then entered the Chinese University of Hong Kong for an MBA. He obtained a PhD in the Department of Manufacturing Engineering at the Hong Kong Polytechnic University. In 1999, she established two companies. He is currently the Chairman of the Hong Kong General Chamber of Commerce, the Chairman of the Hong Kong Shandong Chamber of Commerce, the Deputy Chairman of the China Council for the Promotion of International Trade, the China Foreign Trade Council, and a member of the Hong Kong Sustainable Development Committee.

Jiang Lili

At the age of 13, Lili Jiang received a scholarship and studied in the United States. After graduation, she returned to Hong Kong to work in the Chen Hsong Group, starting with the lowest-level engineer.

According to the Hong Kong Ming Pao, former chairman of Pacific Industrial Hong Kong Jiang Lili was accused of concealing a criminal case in which an equity transaction had been filed. After the earlier judicial review case that applied for transfer to the High Court was defeated, he applied to the High Court for judicial review on the 14th for another reason. The case is required to be referred to a High Court juror.

After Jiang Lili (46 years old), who is pregnant and expecting to give birth next month, applied for judicial review in February this year and was convicted, the case should be settled in the District Court. However, she issued a statement through a lawyer on the 14th, stating that she had applied for judicial review again on the advice of a senior barrister, stating that the form of the trial will affect the quality and outcome of the hearing, and that the prosecution should not have unlimited power to decide what charges to sue. What form of interrogation will cause a serious crisis and weaken the principle of justice.

Hong Kong political and business woman and current chairman of the Hong Kong General Chamber of Commerce

Due to Jiang Lili's special status, a large number of Hong Kong media came to report today, and the court was full.

In the court, the ICAC investigator asked the judge that, as further investigations take time, it is hoped that the court can postpone the hearing. The judge agreed with the prosecution's request to postpone the case until March 4, 2008 for retrial.

Jiang Lili's lawyer said in court that, given that Jiang Lili is from Hong Kong,

Jiang Lili was awarded

Born in a family business and started as an apprentice. But she does not want to live under her aura and stand on her own. Her motto is "Nothing I Can't Do, Only Things I Can't Think About"

In Hong Kong, where businessmen are rich, Jiang Lili may not be famous. Although she is currently the vice chairman of the Hong Kong General Chamber of Commerce and has two companies, she rarely becomes the target of the media.

When it comes to Jiang Lili, it is natural to think of her father Jiang Zhen. Jiang Zhen is the president of Hong Kong Chen Hsong Group, which produces injection molding machines. He is known as the "King of Plastic Machinery" in Hong Kong and has a wealth of more than 3 billion Hong Kong dollars. He came from a poor background, experienced war in his youth, and left his hometown alone at the age of 26 in 1949.

In response, a spokesman of the General Chamber of Commerce responded that he was aware of the relevant reports and would not make any comments because the incident has entered judicial proceedings. The incident involved the chairman's personal affairs, and the allegations were not related to the affairs of the Chamber of Commerce, so they will continue to operate as usual. New Era stated last night that the case should have no or minimal legal or financial impact on the company.

Jiang Lili was released on bail with 45-year-old Hu Sisheng. One of the charges stated that the two were suspected of conspiracy and conspiracy with others to defraud Pacific Industrial, its shareholders and prospective investors, the Securities and Futures Commission and the Hong Kong Stock Exchange between February 1 and August 31, 2002. HKEx and the SFC declined to comment.

The ICAC pointed out that the two allegedly falsely stated that they would grant share options under the share option scheme to subscribe for about 2400 million shares, but did not disclose that the staff who would receive share options in nominal terms was not the beneficial ownership of these options. The purpose is to enable Taixing to approve these options and to conceal the actual interests of Chiang in these options from the Securities Regulatory Commission and the Hong Kong Stock Exchange.

Data show that in February 2002, Jiang Lili, then a shareholder and chairman of Taixing, sold a hand-held 33% stake at a premium of more than 4 times the market price and realized a cash flow of 160 million yuan. However, it was reported that in order to avoid the need to trigger a full acquisition due to more than 30% of the shares, she resold 29.5% of the shares to mainland buyers, and the remaining shares were privately placed, preventing small shareholders from getting the same opportunity to sell shares at high prices. interest.

Jiang Lili, through his controlling company, acquired 68 million shares from two Taixing shareholders for 2.72 yuan per share in 2000. The SFC later suspected that Jiang Lili and other participants were acting in concert and were suspected of violating the Takeovers and Mergers Code. However, the takeover committee ruled in July last year that there was insufficient evidence to show that Jiang et al. Were parties acting in concert.

The other two charges brought by the ICAC refer to Jiang Hu and another former executive of Taixing, suspected of publishing two false written statements on April 22 and June 6, 2002, with the intention of defrauding members of Taixing . The alleged misrepresentation involved the issue of share options to subscribe for shares, but the staff members who were granted the share options in name were not the beneficial owners of those options.

Jiang Zhenyu has six daughters and one son, the fourth-ranked Jiang Lili. After leaving the company for many years in 1999, Chen Zhenxiong set up two companies, including Huan Kang, an environmental protection product business. Huankang suspended trading midday yesterday afternoon

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