The shareholder problem that has plagued Founder Securities for many years has finally been resolved.

　　On the evening of May 18, Founder Securities announced that it had received a notice from the relevant court and ruled that the 1.089 billion shares of the company held by Zhengquan Holdings should be recovered and confiscated, and transferred to the name of the transferee designated by the Ministry of Finance. The National Social Security Fund is The stock transferee designated by the Ministry of Finance.

　　It is reported that Zhengquan Holdings is the second largest shareholder of Founder Securities, holding 1.09 billion shares, accounting for 13.24% of the total share capital.

This part of the equity was auctioned last year, but it was passed in, and eventually it was spent on the National Social Security Fund.

As of May 18, the market value of this part of the equity was about 6.638 billion yuan.

　　This means that the shareholding problem of Founder Securities' "problem shareholder" Zhengquan Holdings has been settled, and Founder Securities has become the securities company stock with the highest shareholding ratio of social security funds in the country. (China Cinda) and other diversified shareholding patterns.

The shares held by Zhengquan Holdings were confiscated

　　On the evening of May 18, Founder Securities issued an announcement on changes in the shareholding of shareholders holding more than 5% of the shares.

　　Founder Securities stated that it received the "Notice" from the Intermediate People's Court of Dalian City, Liaoning Province. In the case of the crime of forced trading committed by Beijing Zhengquan Holdings Co., Ltd. Judgment, an enforcement ruling was made in accordance with the law, ruling that the 1.09 billion shares of the company held by Zhengquan Holdings should be recovered and confiscated, and transferred to the name of the transferee designated by the Ministry of Finance.

　　At the same time, in accordance with the "Notice of the Ministry of Finance on Matters Concerning Transferring and Enriching the National Social Security Fund", the National Council for Social Security Fund is the stock transferee designated by the Ministry of Finance.

　　Up to now, Zhengquan Holdings holds 1.09 billion shares of Founder Securities, accounting for 13.24% of the total share capital.

If the above-mentioned share transfer registration procedures are completed, Zhengquan Holdings, which has "occupied" the position of the second shareholder of Founder Securities for nearly 8 years, will no longer hold the company's shares.

　　It is understood that in August 2014, Founder Securities issued shares to Zhengquan Holdings and others to purchase 100% equity of China National Securities (referred to as "National Securities"), and National Securities became a wholly-owned subsidiary of Founder Securities.

As a result, Zhengquan Holdings acquired about 1.8 billion shares of Founder Securities, and completed the share registration procedures in August 2014.

However, in July 2015, Minzu Securities received the "Decision on Restricting Business Activities, Suspension of Approval of Business Applications and Rebuke Measures against China Minzu Securities Co., Ltd." issued by the Beijing Securities Regulatory Bureau.

It turned out that during the period when Zhengquan Holdings actually controlled Minzu Securities, Minzu Securities invested 2.05 billion of its own funds in the trust plan, of which 1.7415 billion yuan of principal and interest was not recovered, resulting in a significant decrease in the value of Minzu Securities assets, which led to the national securities held by Founder Securities. The value of equity has been greatly reduced, seriously infringing on the interests of all shareholders of Founder Securities.

　　Therefore, Zhengquan Holdings used the equity held in National Securities as a capital contribution and exchanged shares to become a shareholder of Founder Securities, which constituted a disguised act of evading capital contribution.

　　Subsequently, Founder Securities initiated a lawsuit against Zhengquan Holdings for its violations. After several rounds of procedures, in November 2019, the Hunan High Court ruled that it supported Founder Securities’ request for Zhengquan Holdings to stop exercising all shareholder rights.

　　In December 2018, Zhengquan Holdings was again judged by the Liaoning High Court to constitute the crime of forced trading. The illegal income after deducting the 6.09 billion yuan of its investment expenditure will be recovered and turned over to the state treasury.”

　　In August 2020, Founder Securities received the "Notice" from Guotong Trust and China Cinda and the execution ruling of Dalian Intermediate Court, ruling that the 709 million shares of Founder Securities held by Zhengquan Holdings (accounting for the total share capital) 8.62%) to compensate Guotong Trust’s 6.09 billion civil claims on Zhengquan Holdings, and finally 8.62% of Founder Securities’ equity was allocated to China Cinda.

　　According to a Chinese reporter from a brokerage company, Zhengquan Holdings holds 21.86% of the total equity of Founder Securities. After decomposing a part of 8.62% of the equity to China Cinda, the remaining 13.24% of the equity was auctioned twice in May and July 2021. The starting prices were 9.437 billion yuan and 8.871 billion yuan respectively.

　　At the 2021 performance conference held by Founder Securities in March this year, He Yagang, chairman of the Executive Committee of Founder Securities, bluntly stated that for Fangzheng Securities, from 2015 to 2021, "it will be 7 years of difficult progress with historical burdens."

He Yagang believes that with the reorganization of shareholders, Ping An of China will indirectly control Founder Securities in the future. "Founder Securities, which has unloaded its historical burden and is lightly loaded, is back."

Financial stocks with the highest shareholding ratio by the Social Security Fund

　　As Zhengquan Holdings completely leaves the sequence of shareholders of Founder Securities, the second largest shareholder of Founder Securities will directly become the National Social Security Fund.

　　As of May 18, the closing price of Founder Securities was 6.09 yuan per share. The market value of the 1.09 billion shares (accounting for 13.24% of the total share capital) allocated to the National Social Security Fund was about 6.638 billion yuan.

　　According to statistics from Wind data, as of the end of the first quarter of this year, by industry, the only securities companies held by the National Social Security Fund and its portfolio are Guosen Securities, Industrial Securities, GF Securities and CICC.

Among them, Guosen Securities has a market value of up to 4.539 billion yuan, accounting for 4.75% of the total share capital of Guosen Securities. It is the fourth largest shareholder of Guosen Securities. Zhao Jun, deputy director of the Pension Management Department of the National Social Security Fund, is appointed as the director of Guosen Securities. .

　　This transfer means that the national social security fund holds the highest shareholding ratio and the securities company stocks with the highest stock market value will change from Guosen Securities to Founder Securities.

　　From the perspective of the total share capital of listed companies' financial stocks, as of the first quarter of 6.07%.

　　This time, the National Social Security Fund directly holds 13.24% of the total share capital of Founder Securities, which also means that Founder Securities has become the stock with the highest shareholding ratio of the Social Security Fund.

　　In terms of the total market value of shares held, the top three state-owned banks are the Agricultural Bank of China, the Industrial and Commercial Bank of China and the Bank of Communications, with the stock market value of 72.44 billion yuan, 58.82 billion yuan and 15.87 billion yuan respectively.

　　As of the first quarter of this year, the top five shareholders of Founder Securities are: Peking University Founder Group, Hong Kong Securities Clearing Company, Zhengquan Holdings, China Cinda and Harbin Harbin Investment Co., Ltd., with shareholding ratios of 27.75%, 15.75%, and 13.24% respectively. %, 8.62% and 2.37%.

　　According to the previous announcement, on January 30 this year, Ping An Life received the approval of the China Banking and Insurance Regulatory Commission, agreeing that Ping An Life would invest in the New Founder Group.

If the delivery is completed, the controlling shareholder of Founder Securities will be changed to the new Founder Group, and Ping An will indirectly control Founder Securities.

　　Up to now, whether it is the new Founder Group that Ping An of China participates in or the National Social Security Fund, changes in the shareholding ratio of Founder Securities still need to be approved by the China Securities Regulatory Commission.

　　In terms of performance of Founder Securities, in 2021, the operating income will be 8.621 billion yuan, a year-on-year increase of 14.31%; the net profit will be 1.822 billion yuan, a year-on-year increase of 66.19%. The operating income and profit are both new highs in the past five years, and the profit growth rate is among the highest in the industry.

　　However, entering the first quarter of this year, under the "cold spring" of the securities industry's performance, Founder Securities is no exception.

In the first quarter, the company achieved operating income of 1.67 billion yuan, a year-on-year decrease of 18.6%; net profit was 477 million yuan, a year-on-year decrease of 46.31%.