The second one is Su Wantang.
Her inquiry was much shorter than Chen Xi.
Su Wantang's role in Henglong's role is more towards back-end support, mainly responsible for fund scheduling and compliance review, and does not participate in investment decisions.
"Ms. Su Wantang, what work are you responsible for at Henglong Capital?"
"Fund Scheduling and Compliance Review."
"Shunxin Agriculture In what aspects of this investment did you participate?"
"The execution of Secondary Market's purchase. Chen Xi is responsible for placing the order, and I am responsible for confirming the fund arrival and compliance review."
"Do you know the basis for this investment decision?"
Su Wantang thought for a while.
"Zhao Zong submitted a research report on Board of Directors, and I have seen that report.
The report cites brokerage data and public information.
I don't know much about the investment itself, and my job is to ensure that there are no problems with fund allocation."
The investigation team asked a few questions about Fund Path, and Su Wantang answered them one by one.
Her answer was very concise, without unnecessary words, but every sentence was very clear.
The third one is Liu Mingyu.
He submitted the full set of documents for Henglong Group's Board of Directors resolution regarding Shunxin Agriculture's investment--
Meeting notice, meeting minutes, voting votes, director signature page.
Every document is numbered, the timeline is clear, and the procedures are complete.
"The resolution Board of Directors was passed on March 22, right?"
"Yes. Board of Directors held a meeting that morning to review the investment plan of Shunxin Agriculture. It was unanimously approved."
"What materials are the basis for the decision?"
"Zhao Zong submitted an investment feasibility report at the meeting,
The content includes the business structure of Shunxin Agriculture, the market performance of Baijiu's business, securities firm survey data, management changes, etc.
All data comes from public sources."
Team Leader Zhou flipped through the documents and asked no more questions.
Zhang Qingxue is the fourth one called Meeting Room.
She is Legal Director of Henglong Group and is responsible for the legal affairs of Bubble Mart's investment, but she is not deeply involved in the investment of Shunxin Agriculture.
Team Leader Zhou asked her a simple question:
"Lawyer Zhang, Shunxin Agriculture Did you do the legal review of this investment?"
Zhang Qingxue nodded. "I made it. Although this investment was executed by Henglong Capital, Henglong Capital does not have its own legal team.
I participated in and reviewed the compliance of the investment plan. There are no legal issues with the plan itself."
Team Leader Zhou asked, "Do you know the basis for the decision-making of this investment?"
Zhang Qingxue said, "Board of Directors submitted a research report on Zhao Zong, and I read it.
The data in the report are all from public sources, and no abnormalities were found."
The inquiry ended in less than twenty minutes.
Song Zhongping is the fifth.
He has been operating in Henglong for more than ten years and is a veteran of Henglong Real Estate Sector. He doesn't know much about the investment business.
Team Leader Zhou asked him, "Mr. Song, you voted in favor of Board of Directors. What is the basis for your judgment?"
Song Zhongping's answer is very straightforward.
"Zhao Zong explained Shunxin Agriculture's situation very clearly on Board of Directors.
Baijiu's business is growing rapidly, management has changed, and brokerages are promoting it.
I can't understand Baijiu, but Zhao Zong can. The decisions he made in the past were all correct, and I believe in him."
Team Leader Zhou asked, "Don't you need to do some research yourself?"
Song Zhongping smiled.
"Captain Zhou, I am in charge of the real estate business. Regarding investment matters, Zhao Zong has the final say.
I voted in favor because I believe in Zhao Zong's judgment.
This is not a blind belief, it is based on his achievements in the past year.
Henglong's debt ratio has dropped from 80% to 49%, and its stock price has doubled. These are all results. If a person speaks with results, I will believe him."
Shen Jue is the sixth one.
She is the second Major Shareholder of Henglong, and her influence in Board of Directors is second only to Zhao Chen.
Team Leader Zhou questioned her more carefully than others.
"Mr. Shen, you voted in favor of Board of Directors. What is the basis for your judgment?"
Shen Jue leaned back on the chair and spoke calmly.
"When Zhao Chen made a report on Board of Directors, I listened.
His logic is very clear - Shunxin Agriculture's Baijiu business is undervalued, the forecasts in the brokerage research report are very optimistic, and the first quarter report is likely to exceed expectations.
I have been investing for many years and I know what valuable judgment is.
Zhao Chen's judgment is valuable."
Team Leader Zhou asked, "Don't you think the timing of opening a position is too coincidental?"
Shen Jue glanced at him.
"Captain Zhou, if you were interested in a company and found that it was undervalued, would you wait until the first quarter report came out before buying it?
When the first quarter report comes out, the stock price will not be the same price. This is not insider trading, this is investment common sense."
Team Leader Zhou did not ask any further questions.
The inquiry from three Independent Director was shorter.
Wu Hongyuan is an academic economist. He said:
"I read the research report submitted by Zhao Zong. All the data in the report come from public channels and are logically consistent.
My vote in favor was based on the soundness of the report."
Sun Zhengping, a former regulatory official who is most sensitive to program compliance, said:
"The procedures held by Board of Directors were completely compliant, and the meeting notice, motions, voting votes, and signature pages were all in place.
I voted in favor because there is nothing wrong with the investment plan itself."
Xu Yong is the vice principal of Southwestern University of Finance and Economics. He said:
"Zhao Zong was fully explained on Board of Directors and answered all our questions. I have no reason to object."
The answers of the three people all pointed to the same conclusion - procedural compliance, data disclosure, and independent decision-making.
After questioning all the directors, the investigation team finally called Zhao Chen.
The inquiry is scheduled for 3 p. m.
When Zhao Chen walked into Meeting Room, three people from the investigation team were already inside.
Team Leader Zhou is sitting in the middle with a thick pile of materials spread out in front of him.
The two young investigators were sitting on opposite sides, and the red indicator light of the recording pen on the table was already on.
"Mr. Zhao Chen, please sit down."
Zhao Chen sat down with a calm expression.
Team Leader Zhou was not in a hurry to ask questions.
He slowly took off his glasses and wiped the lenses with a flannel cloth, his movements unhurried and unhurried, as if he was deliberately creating a sense of silent oppression.
Meeting Room was quiet for more than ten seconds, with only the low hum of the air conditioner.
The two young investigators stared at Zhao Chen from left to right, with scrutiny in their eyes.
Team Leader Zhou put on his glasses again, leaned forward slightly, his voice was not loud but he spoke every word clearly.
"Mr. Zhao Chen, before the formal inquiry begins, it is necessary for me to explain to you the legal consequences of insider trading."
He pulled out a piece of paper from the folder in front of him, with legal regulations densely printed on it.
"According to Article 73 of "Securities Law", insiders of securities trading inside information and persons who illegally obtain inside information are prohibited from using inside information to engage in securities trading activities.
Article 76 stipulates that if insider trading causes losses to investors, the perpetrator shall bear liability for compensation in accordance with the law.
If the circumstances are serious, according to Article 180 of "Criminal Law"--
Crimes of insider trading and leaking inside information--
The person shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or solely be fined not less than one time but not more than five times the illegal income.
If the circumstances are particularly serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than one time but not more than five times his illegal income."
He put down the piece of paper and stared directly at Zhao Chen's face.
"Mr. Zhao Chen, you are twenty-two years old, right?"
Zhao Chen nodded. "Yes."
Team Leader Zhou leaned back in his chair and slowed down his speech, as if he was "reasoning" to a young man.
"At the age of twenty-two, if you can do Listed Company Chairman, it means you are very smart.
But when smart people make mistakes, the consequences are often more serious. We are sitting here today not to do anything to you.
Securities Regulatory Commission launched the investigation process to restore the truth.
If you do not have insider trading, we will clear your name after the investigation is completed. If you have--"
He paused and his tone became a little more serious.
"If you say it now, it can still be regarded as a voluntary confession. When we find out, the nature will be different."
The two young investigators stared at Zhao Chen from left to right, waiting to see the panic often seen among young people on his face -
Eyes evasive, fingers trembling, speech incoherent.
In their early twenties, few people can remain calm when faced with Securities Regulatory Commission Inspection Corps's inquiries and the possible criminal penalties for insider trading.
This is their usual opening method - to take the lead, use legal provisions to create a sense of oppression, and let the people under investigation reveal their flaws in panic.
But nothing changes with Zhao Chen.
He was sitting on the chair, his posture was exactly the same as when he first entered the door.
Keep your back straight, place your hands on your knees naturally, look straight at Team Leader Zhou, and neither dodge nor be aggressive.
His breathing was steady, his fingers did not tremble, and he did not even frown.
Meeting Room was quiet for about five seconds.
Team Leader Zhou waited for five seconds, but did not get the expected panic.
There is no fear, no nervousness, or even impatience in Zhao Chen's expression.
There is only a very calm and calm waiting - as if to say "Just ask, I'm ready."
Team Leader Zhou exchanged a look with the young investigator on the left.
The meaning in that look is - this person is difficult to deal with.
Zhao Chen spoke. His voice was not loud, but very clear, and his speaking speed was neither urgent nor slow.
"Captain Zhou, I know everything you said. Insider trading is a felony, I know it.
Henglong Capital's investment decisions are well documented.
We welcome investigations and are willing to cooperate. Whatever you ask, I will answer. Tell the truth."
He paused and moved the corners of his mouth slightly. It was not a smile, just a very light expression.
"I have nothing to confess on my own initiative because I have never done anything that needs to be confessed."
Meeting Room was quiet for a few seconds again.
Team Leader Zhou did not continue to exert pressure.
He opened the materials in front of him and changed his tone to a more pragmatic tone.
"Mr. Zhao Chen, let's start from the beginning. Why do you want Chen Xi to investigate Shunxin Agriculture? What is the basis for your decision?"
Zhao Chen leaned back in the chair and began to tell.