Former Head of Guangdong Tobacco Monopoly Bureau Zheng Wei Under Investigation; Retired in 2020

According to the website of the Central Commission for Discipline Inspection and the National Supervisory Commission on April 6, according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the Ministry of Industry and Information Technology and the Jiangxi Province Commission for Discipline Inspection and Supervision:Zheng Wei, former party secretary, director and general manager of the Guangdong Province Monopoly Bureau (Company), is suspected of serious violations of discipline and law. He is currently under disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the Ministry of Industry and Information Technology and the Ganzhou City Supervisory Commission of Jiangxi Province. investigation.

Zheng Wei, male, Han nationality, born in January 1957, from Nanchang, Jiangxi, and a member of the Communist Party of China. He started working in February 1975. In December 2007, he served as Party Secretary and General Manager of Guangdong Province Tobacco Industry Company. In January 2015, he served as Party Secretary, Director and General Manager of Guangdong Tobacco Monopoly Bureau (Company). He retired in February 2020.

Tobacco system continues to fight corruption, with 6 people investigated this year

The anti-corruption campaign against the tobacco system since last year continues to this day.

On January 24, 2022,Zhou Tao, Deputy Secretary and General Manager of Yunnan China Tobacco Party GroupSuspected of serious violations of discipline and law, he voluntarily surrendered and accepted disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the Ministry of Industry and Information Technology and the supervision and investigation by the Yunnan Province Commission for Discipline Inspection and Supervision. In November last year, Zhou Tao was charged with suspected bribery.

On November 24, 2022,Ye Libin, Deputy Secretary and Chairman of the Party Leadership Group of Yunnan China Tobacco YuanSuspected of serious violations of discipline and law, he voluntarily surrendered and accepted disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the Ministry of Industry and Information Technology and the supervision and investigation by the Yunnan Province Supervisory Commission.

On January 6, 2023,He Zehua, former member of the Party Leadership Group and Deputy Director of the State Tobacco Monopoly AdministrationSuspected of serious violations of discipline and law, he was subject to disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

On January 16, 2023,Gu Bo, former party member and deputy general manager of Yunnan China Tobacco Industry Co., Ltd.Suspected of serious violations of discipline and law, he was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the Ministry of Industry and Information Technology and supervision and investigation by the Supervisory Commission of Ji 'an City, Jiangxi Province.

On January 16, 2023,Zhang Shuichang, former deputy secretary of the party group and general manager of Yunnan China Tobacco Industrial CompanySuspected of serious violations of discipline and law, he is currently under disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the Ministry of Industry and Information Technology and a supervisory investigation by the Ganzhou City Supervisory Commission of Jiangxi Province.

On January 16, 2023,Jiang Yawei, former chief economist of Anhui China Tobacco Industry Co., Ltd.Suspected of serious violations of discipline and law, he was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the Ministry of Industry and Information Technology and supervision and investigation by the Anhui Province Supervisory Commission.

February 10, 2023,#p#paginated title #e#Yu Jinxiang, a member of the Party Leadership Group and Deputy Director of the Tobacco Monopoly Bureau of Anhui Province, was suspected of serious violations of discipline and law, and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the Ministry of Industry and Information Technology and supervision and investigation by the Yunnan Province Supervisory Commission.

The actual controllers of several listed companies in the tobacco industry were investigated

In addition to turning inward, anti-corruption in the tobacco system has also extended outward, and many listed companies have also been affected.

On the afternoon of January 29, Jiyou Co., Ltd.(603429.SH) disclosed that Xu Shanshui, the actual controller, chairman and president of the company, was personally detained on suspicion of bribery and opened an investigation. Jiyou Co., Ltd. is mainly engaged in the research and development, production and sales of cigarette tipping paper, cigarette labels, cigarette sealing paper and anodized aluminum.

On the evening of January 20,huabaoShares (300741.SZ) and Warburg International (00336.HK) announced thatZhu Linyao (the company's chairman, CEO, executive director and controlling shareholder) has been investigated for suspected violations of the law and has been placed under residential surveillance at a designated residenceOn January 20, 2023, the group received a notice from Zhu Linyao's family that the Public Security Bureau of Anyuan County, Jiangxi Province, had cancelled residential surveillance at the designated residence and placed Zhu Linyao on bail pending trial. At the same time, the Yongchuan District Public Security Bureau of Chongqing City implemented residential surveillance on Zhu Linyao at a designated residence in accordance with the law. This is just nearly a year since the listed company announced that Zhu Linyao had been investigated.

In the morning of January 24, 2022, Huabao announced that the company received a notice of filing a case from the Leiyang City Supervisory Committee, and it decided to file an investigation into the illegal issues of Zhu Linyao, the actual controller of the company. On January 20 this year, Huabao shares disclosed that Anyuan County Public Security Bureau has cancelled Zhu Linyao designated residence surveillance residence, take bail pending trial. At the same time, the Yongchuan District Public Security Bureau of Chongqing City implemented residential surveillance on Zhu Linyao at a designated residence in accordance with the law.

Huabao shares are fully known as Huabao Flavors Co., Ltd., and its official website shows that it is mainly engaged in the research and development, production, sales and services of tobacco flavors, food flavors, daily flavors and food ingredients. It currently has a total of 39 subsidiaries at home and abroad. The company is an international and modern large-scale enterprise group with annual sales ranking first in the industry from 2014 to 2020 (ranking derived from the China Fragrance, Fragrance and Cosmetics Industry Association).

Huabao International started its business as tobacco flavors, and then gradually expanded into the fields of food flavors and daily chemical flavors. However, tobacco flavors are still the company's most important business. At present, the top ten cigarette companies in China are all customers of Warburg International, and these customers contribute more than 80% of the company's revenue. Huabao is known as the "King of Tobacco Flavors in China."

Also,jinjiaShares (002191.SZ), Enjie Shares (002812.SZ), etc.#p#Page Title #e#The actual controllers of listed companies in the tobacco industry have suffered accidents one after another.

On April 15, 2022,Cigarette leading Jinjia Co., Ltd. issued an announcement stating that Qiao Luyu, the company's actual controller and chairman, has been investigated."Qiaoluyu has more than 20 years of experience and extensive social resources in the tobacco and cigarette label printing industry. He is good at strategic development, corporate management, and market development." Jinjia's prospectus once introduced this. At the end of September last year, the company stated that it had received a notice from the Shangyou County Supervisory Committee to release the detention, and the Shangyou County Supervisory Committee had lifted the detention measures against Qialuyu.

In late November 2,Enjie shares disclosed that Paul Xiaoming Lee, chairman of the company, and Li Xiaohua, vice chairman, were placed under residential surveillance at a residence designated by the public security organs for related matters.Regarding the reason why the two were placed under residential surveillance, there is news that it was due to Enjie's tobacco packaging business or involved in the anti-corruption storm in the tobacco system. There is also news that it was an acquisition case by Enjie in its early years.

Daily economic news is synthesized from the website of the Central Commission for Discipline Inspection and the National Supervisory Commission and public information

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