Besmeet Chemicals sprints for IPO, but the actual controller or related transactions have been involved in explosion pollution and other issues

The relationship between the actual controller and the associated natural person is intricate

Chen Feng, the actual controller of Besmeet Chemicals, was born on February 17, 1969, with a college degree and is currently the chairman of Besmeet Chemicals.
His address is Huajin Lane, Yinzhou District, Ningbo City.
The prospectus stated that the Jiangdong District of Ningbo City has It was revoked in September 2016, and the administrative area under the jurisdiction of the former Jiangdong District has been placed under the jurisdiction of Yinzhou District.
The prospectus was not corrected in time.

As of the signing date of this prospectus, Chen Feng directly holds 383,500 shares of Besme Chemicals, accounting for 0.
42% of the total share capital of Besme Chemicals before the issuance, and holds 39.
98% of the shares of Besme Chemicals’ controlling shareholder Besme Investment.
Chen Feng In total, it directly or indirectly controls 51.
62% of the shares of Bestmate Chemical, and is the actual controller of Bestmate Chemical.

Regarding the issue of the actual controller, Du Li'an, a partner of Beijing Quzhi Law Firm, told reporters that the actual controller of a company is the real owner of the actual operation and decision-making of a company, and his relevant experience plays a vital role in the operation of the company.
, His personal education, working background and other related personal experiences also play a very important role in the operation of the entire company.
Therefore, the actual controller information disclosure should be as detailed as possible to enable investors to fully understand the actual controller.

However, the relationship between the actual controller of Bestmate Chemical and the core management team of Bestmate Chemical is intricate.
The prospectus disclosed that the core management teams of Besmeet Chemicals Chen Feng, Zhong Xijun, Shan Hongliang, Ren Jigang, and Yu Zhiqiang had cooperated with each other during their work in Ningbo Pesticide Factory, and the above-mentioned personnel were all in Ningbo Mingri Chemical Group Co.
, Ltd.
and Ningbo Sinochem Chemicals.
Work experience in a limited company.

According to public information, Ningbo Pesticide Factory, Ningbo Mingri Chemical Group Co.
, Ltd.
and Ningbo Sinochem Chemical Co.
, Ltd.
have historical origins.
Ningbo Pesticide Factory was established in 1958 and was one of the 30 designated pesticide manufacturers of the Ministry of Chemical Industry at that time.
In 1996, Ningbo Pesticide Factory and Ningbo Electrochemical Factory, a medium-sized state-owned enterprise, established Ningbo Mingri Chemical Group Co.
, Ltd.
; in 2001, it was restructured.
Sinochem Ningbo Import and Export Co.
, Ltd.
acquired Ningbo Pesticide Factory and established Ningbo Sinochem Chemical Co.
, Ltd.
; Ningbo Sinochem Chemical Co.
, Ltd.
was renamed Ningbo Sanjiang Agrochemical Co.
, Ltd.
on April 1, 2015.

The prospectus disclosed that Chen Feng, Zhong Xijun, Shan Hongliang, Ren Jigang, and Yu Zhiqiang have mutual cooperative relations in the above three companies.

First look at the stage of Ningbo Pesticide Factory.
From October 1987 to December 1996, the current chairman of Bestmate Chemicals, Chen Feng, served as the sales supervisor and deputy director of the sales department of Ningbo Pesticide Plant; while the current director and general manager of Bestmates Chemicals Zhong Xijun was born in 1967 and was born in January 1995 to December 1996.
Worked in the sales office of Ningbo Pesticide Factory in December 1996; Jigang was the current director and deputy general manager of Besmeet Chemicals.
From July 1984 to December 1996, he served as technician, technical director and chief engineer of Ningbo Pesticides Factory; the current deputy of Besmeet Chemicals General Manager Yu Zhiqiang served successively as workshop technician, deputy director and director of Ningbo Pesticide Factory from December 1981 to December 1996.

Look at the period in Ningbo Tomorrow Chemical Group Co.
, Ltd.
From December 1996 to September 2001, Chen Feng served as the deputy director and director of the sales department; Zhong Xijun served as the director and deputy director of the sales department from December 1996 to March 2003; served as Ji Gang from December 1996 to 2001 Served as chief engineer in September 1996; Yu Zhiqiang served as workshop director from December 1996 to September 2001; the current director and deputy general manager of Besme Chemicals Shan Hongliang's resume shows that he served as Ningbo Mingri Chemical Group Co.
, Ltd.
from July 1996 to March 2003 Foreign trade supervisor and deputy manager of the marketing department of Ningbo Sinochem Chemicals Co.
, Ltd.

Finally, look at the period of Ningbo Sinochem Chemical Co.
, Ltd.
Chen Feng served as the company's marketing center manager from September 2001 to March 2003; Zhong Xijun served as the company's marketing center manager from March 2003 to January 2006; and Ji Gang served as the company's chief engineer from September 2001 to March 2003.
Yu Zhiqiang served as the workshop director of the company from September 2001 to April 2007.
Shan Hongliang served as deputy manager of the company's marketing department before March 2003.

In addition to the above relationship, 4 of the above 5 persons are also shareholders of Besme Investment, the controlling shareholder of Besme.
As of the date of signing this prospectus, their shareholding ratios are Chen Feng, Zhong Xijun, Shan Hongliang, and Ren Jigang.

There are a large number of companies associated with natural persons in Bethmei Chemical.
There are as many as 29 other companies directly or indirectly controlled by or serving as directors and senior managers of Besme Chemicals related natural persons.
Among them, the business scope of the company controlled by the current director and general manager Zhong Xijun and Besme Chemicals' business scope overlaps; in fact; The business scope of the following two companies controlled by the controller Chen Feng’s wife and brother David Bo overlaps with the business scope of Besme Chemicals; Besme Chemicals has other related parties including 10 enterprises and 2 natural persons, which existed during the reporting period.
There are 5 related parties, and the reporting period here refers to 2015, 2016, 2017 and January-June 2018.

Has been involved in explosion, pollution, safety production and other issues

Anhui Tongling Hengxing Chemical Co.
, Ltd.
, where the "2017·2·8" explosion occurred, is a related party that Besmeet Chemicals once existed.
The "Receiver" Zhao Jianqiang is also among the shareholders of Besmeet Investment and currently holds 2% of the shares.

The first time Besmid Chemical became famous was because of the explosion of Tongling Hengxing Chemical.
According to a report from Zhejiang Online, at 22:45 on February 8, 2017, on the twelfth day of the first lunar new year, the oil storage tank of Tongling Hengxing Chemical Industry exploded.
The mushroom cloud fireball formed by the explosion instantly swiped the screen, and the explosion triggered The strong shock wave shattered the glass of many residents around.

According to the prospectus of Besme Chemical, Tongling Hengxing Chemical was established on July 25, 2001, with the equity structure of Ningbo Qianyan holding 90% of the shares at the time of establishment.
In the "Interpretation" of the prospectus, Ningbo Qianyan refers to Ningbo Qianyan New Material Technology Co.
, Ltd.
The prospectus shows that Ningbo Qianyan New Material Technology Co.
, Ltd.
was established on December 27, 2010, with a registered capital of 5 million yuan, and the legal representative is Zhao Jianqiang.

The question is: Why did a company that was only established on December 27, 2010 invest in it in 2001?

According to the prospectus, at the beginning of the reporting period, the equity structure of Ningbo Qianyan New Material Technology Co.
, Ltd.
contributed 3.
75 million yuan to Besme Investment, with a capital contribution ratio of 75%.

According to the "Interpretation" of the prospectus, Besme Investment is Ningbo Besme Investment Holding Co.
, Ltd.
That is to say, after the shareholders of Tongling Hengxing Chemicals penetrated and invested in Besmeet, they were Chen Feng, Zhong Xijun, Shan Hongliang, Ren Jigang and others.

After Tongling Hengxing Chemical’s "2017·2·8" production safety accident occurred, the relevant departments of Anhui Province issued a notification.
However, as a related party, the listed NEEQ company Besmeet Chemical did not make an announcement.
The controlling party, Besme Investment and its shareholders, took the action of "getting out of the shell".

According to the prospectus, in March 2017, Besme Investment transferred all of its equity in Ningbo Qianyan to Zhao Jianqiang and Wang Deyong.
After the transfer was completed, Chen Feng no longer served as the legal representative, and Zhao Jianqiang served as the legal representative.
Besime Chemical did not make an announcement on the New Third Board regarding the transfer.

The feedback letter also noted similar problems.
"The issuer’s related party and controlling shareholder, Tongling Hengxing Chemical Co.
, Ltd.
, the company that was once controlled by the issuer during the reporting period, exploded in February 2017.
In March 2017, Besmeet invested all of its equity in Ningbo Qianyan.
Transferred to Zhao Jianqiang and Wang Deyong.
Since then, Ningbo Qianyan and Hengxing Chemicals and other 4 subsidiaries/sun companies are no longer under the control of Besme’s investment.
” The feedback statement stated that “Issuer please explain: In March 2017, Besmeet’s The background, reasons, and fairness of the investment in transferring all of its equity in Ningbo Qianyan to Zhao Jianqiang and Wang Deyong, whether it is related to the explosion of Hengxing Chemical, and whether the explosion involves the issuer, its controlling shareholder, and the actual controller to assume responsibility Circumstances, the performance of the responsibilities of the relevant responsible entities, whether the issuance conditions are violated, whether the issuer’s controlling shareholder, actual controller and Zhao Jianqiang and Wang Deyong have a proxy holding agreement or other interest arrangements between Ningbo Qianyan, Zhao Jianqiang and Whether Wang Deyong has an associated relationship or financial or business dealings with the issuer and its related parties, the issuer’s main customers and suppliers.
"

In its prospectus on December 7, 2018, Besmeet did not answer these questions head-on.

During the reporting period, Besme Chemical was punished continuously.
The prospectus shows that the primary problem is pollution.

On January 14, 2015, Besime Chemical was imposed an administrative penalty by the Environmental Protection Bureau of Shangyu District, Shaoxing City for the excessive odor concentration of the comprehensive waste gas treatment facility outlet.

On June 9, 2015, the Lianshui County Environmental Protection Bureau issued an "Administrative Penalty Decision" to Jiangsu Yongan.
Because Jiangsu Yongan arranged to enter the sewage collection pipe network of Lianshui County Jinshan Environmental Protection Technology Co.
, Ltd.
, the wastewater COD concentration was 936mg/ L.
Exceed the stipulated pollutant discharge standard, order to restrict production for one month and impose a fine.

On April 12, 2016, the Environmental Protection Bureau of Shangyu District, Shaoxing City once again issued an "Administrative Penalty Decision" to Besime Chemical.
After testing and analysis, the odor concentration in the upwind direction was 13, and the odor concentration in the downwind direction was 26, which did not meet the second-level standard of the new expansion of the "Emission Standard for Odor Pollutants", that is, the factory boundary standard value of odor concentration was 20 and was fined.

On July 5, 2016, the Environmental Protection Bureau of Shangyu District, Shaoxing City once again issued the "Administrative Penalty Decision".
After testing and analysis, the odor concentration in the upwind direction was 13, and the odor concentration in the downwind direction was 23, which did not reach the The Pollutant Emission Standards’ new expansion and reconstruction secondary standard, that is, the factory boundary standard value of odor concentration is 20, and was fined again.

Besime Chemical also has hidden dangers in production safety.
On November 7, 2016, the Work Safety Supervision and Administration Bureau of Shangyu District, Shaoxing City issued the "Administrative Penalty Decision".
After inspection, Besmeet Chemicals did not record the hidden safety hazards of the unclosed vacuum bypass valve.
The operator was also fined if he failed to inform the operator of the hazards of the hidden danger in a timely manner.

Besime Chemical also has the issue of tax penalties.
On May 20, 2015, the Lianshui Local Taxation Bureau of Huai'an City issued a notice of administrative punishment, stating that Jiangsu Yong'an underreported and paid land use tax, stamp duty, and withheld and paid personal income tax from 2014 to 2015, and was fined .

The reporter contacted Besme Chemicals on related issues, and as of the time of writing, no response from Besme Chemicals had been received.

WeChat public account