21st century business herald reporter bothered to report from Shanghai

On May 19, Paneng Technology (688083.SH) disclosed major issues of the company, saying that it had received a notice from the company's controlling shareholder, Zhongxing Xin Communications Co., Ltd. (hereinafter referred to as "Zhongxing Xin"). Zhongxing Xin received a notice issued by the (Hebei) Yongqing County Supervisory Committee that Wei Zaisheng, chairman of the company, was put on file for investigation and lien.

ZTE's new communication is registered in Shenzhen. At present, it is unknown why it is investigated by the supervision committee of Yongqing County, Hebei Province.

The company was funded by China Aerospace Science and Industry in 1993. At present, there are four major shareholders Shenzhen Zhongxing Weixian Equipment Co., Ltd., Xi'an Microelectronics Technology Research Institute, Shenzhen Aerospace Guangyu Industry Co., Ltd., Zhuhai Guoxing Ruike Capital Management Center (limited partnership) holding 49%, 34%, 14.5, 2.5, Wei Zaisheng as the beneficiary owner. Hou Weigui holds 8.82 of ZTE's shares through Shenzhen Zhongxing Weixiantong Equipment Co., Ltd. (holding 18%).

According to the annual report of listed companies, Wei Zaisheng is of Chinese nationality and has no permanent residency abroad. He graduated from Xi'an University of Technology in 1988 with a bachelor's degree in mechanical manufacturing management engineering; in 2004, he obtained a master's degree in business administration from Peking University.

In fact, Wei Zaisheng has been working in the "Zhongxing Department" since he graduated from his undergraduate course, engaged in financial management.

From October 1988 to December 1992, Wei worked in Shenzhen Zhongxing Semiconductor Co., Ltd. as the Minister of Finance; from January 1993 to November 1997, he worked in Zhongxing New Communications Co., Ltd. and served as the general manager of the regional market, Assistant to the general manager and chief financial officer; from November 1997 to September 2017, he worked in ZTE Corporation, in charge of the financial and investment management of ZTE Corporation, served as Chief Financial Officer, Senior Vice President, Executive Vice President, and Director; since September 2017, he has served as Chairman of ZTE New Communications Co., Ltd.

Wei Zaisheng, who has worked with ZTE founder Hou Weigui for more than 30 years, has worked in ZTE for many years and served as an executive; since Hou retired behind the scenes, Wei Zaisheng has also served as the legal representative and chairman of Paneng Technology since October 2019.

Paneng Technology successfully landed on the Shanghai Stock Exchange in 2020, and was praised by the outside world as the first stock of energy storage on the board.

In addition, public information shows that Wei Zaisheng also works in other companies of the "Zhongxing Department", including Shenzhen Xingwei Investment Co., Ltd., Shenzhen Avionics Industry Equity Investment Fund Management Co., Ltd., Shenzhen Zhongxing Xinyun Service Co., Ltd., Shenzhen Zhongxing Weixiantong Equipment Co., Ltd., Hangzhou Sinan Equity Investment Co., Ltd., Shenzhen Xinglian Digital Technology Co., Ltd., Hainan Xinghang Technology Co., Ltd; hainan New Investment Partnership (Limited Partnership).

As chairman of Paneng Technology, the 2023 annual report shows that Wei Zaisheng did not hold shares in the company and did not receive compensation from the company during the reporting period.

Just six days ago, Wei Zaisheng also attended the board meeting of ZTE.

zhongxingxin group public number released the news on may 18.

According to sources, on May 13, ZTE New Communications Co., Ltd. held the 20th meeting of the 10th Board of Directors, the 4th meeting of the 10th Board of Supervisors, the 209th meeting of the shareholders' meeting, the 210th meeting of the shareholders' meeting, and the 11th The first meeting of the board of directors and the first meeting of the 11th board of supervisors. Mr. Wei Zaisheng, chairman of the company, Mr. Tang Lei, director of Xi'an Institute of Microelectronics Technology, Mr. Jiang Fuhao, general manager of Aerospace Science and Industry Shenzhen (Group) Co., Ltd., and directors, supervisors and company executives attended the meeting.

Among them, the meeting elected the directors of the 11th board of directors of the company, and Wei Zaisheng was listed. At the first meeting of the 11th board of directors, Mr. Wei Zaisheng was elected as the chairman of the 11th board of directors.

this is six days before the listed company announced that Wei Zaisheng was put on file for investigation and retention.