Zhongxin Finance, March 22. Recently, the Guangzhou court system announced that the whereabouts of Yao Zhenhua, chairman of Baoneng Group, were unknown.
China Baoneng WeChat official account stated that Chairman Yao Zhenhua was still inspecting the resumption of work and production at Baoneng Auto's Shenzhen factory on the 21st.
Announcement screenshot
The Guangzhou Intermediate People's Court's announcement involves a dispute over a financial loan contract between the Development Zone Sub-branch of Bank of Guangzhou Co., Ltd. and Guangzhou Baoshi Logistics Co., Ltd., Yao Zhenhua, Shenzhen Baoneng Investment Group Co., Ltd., and Shenzhen Jushenghua Co., Ltd.
The announcement shows: Since your (Yao Zhenhua) whereabouts are unknown, in accordance with the provisions of Article 95 of the Civil Procedure Law of the People's Republic of China, a copy of the civil complaint (2021) Yue 01 Min Chu No. 1750, evidence materials, The notice of response, the notice of proof, the notice to inform members of the collegial panel, the online instructions for the judgment documents, and the integrity supervision card.
According to an article on China’s Baoneng WeChat public account, on March 21, the first day of the unblocking of Shenzhen’s epidemic, Yao Zhenhua, chairman of Baoneng Group, walked into Baoneng Automobile’s Shenzhen factory to conduct a work inspection to fully understand the production resumption of the Shenzhen factory. He also had in-depth exchanges with the executives of Baoneng Automobile Group and the management cadres of the Shenzhen factory who were present, and gave comprehensive supervision on the key work of the Baoneng Automobile Shenzhen factory in 2022.
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