Zhongxin Finance, June 20th. On the evening of the 20th, the "Announcement on the Investigation of the Company's Directors' Lien" (hereinafter referred to as the "Announcement") issued by the Oriental Group showed that the company's director and vice president Dai Shengli was suspected of privately dividing state-owned assets. The crime of accepting bribes was put on file for investigation and a lien was imposed.
Relevant matters are pending further investigation.
The "Announcement" disclosed that Dai Shengli is currently the company's director, vice president, and president of the company's wholly-owned subsidiary, Oriental Granary Co., Ltd.
"It is understood that Dai Shengli's investigation and implementation of lien measures have nothing to do with the Oriental Group."
According to the "2021 Annual Report" of Oriental Group, Dai Shengli served as the deputy general manager and purchasing director of China Resources Vanguard Co., Ltd., the chairman of Jiangxi Ngfeng Food Co., Ltd., the chairman of Sichuan Ngfeng Lihong Food Co., Ltd., and the chairman of Yangzhou Wufeng Food Co., Ltd. Chairman of Rich Spring Co., Ltd., and general manager of China Resources Ng Fung Rice (China) Co., Ltd.
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