On August 7th, Tianyancha App showed that recently, there was a business change with Huitongtong (Beijing) Technology Co., Ltd. The original wholly-owned shareholder Beijing New Oriental Xuncheng Network Technology Co., Ltd. withdrew, and Dong Yuhui was added as a shareholder with full ownership. At the same time, Yu Minhong stepped down as the company's supervisor. In addition, the company's business type has changed from a limited liability company (sole proprietorship) to a limited liability company (sole proprietorship).
However, the financial director of the company, Wang Jielin, has not been replaced. Wang Jielin is currently serving as a supervisor at companies such as Dongfang Youxuan (Beijing) Technology Co., Ltd. and Dongfang Youxuan (Zhuhai) Tourism Culture Co., Ltd.
Yuhui Tongtong (Beijing) Technology Co., Ltd. was established in December 2023, with Dong Yuhui as the legal representative, executive director, and manager, and a registered capital of 10 million yuan.
Screenshot of Tianyancha App
According to the information, the establishment date of Huitong is December 22, 2023, and the approval date is August 6, 2024. Its business scope includes fresh meat retail; Retail of aquatic products; Fresh fruit retail; Fresh vegetable retail; Retail of cosmetics; Retail of musical instruments; Clothing and apparel retail, etc.
Recently, Dong Yuhui resigned from Dongfang Zhenxuan, and at the same time, Beijing New Oriental Xuncheng Network Technology Co., Ltd. sold 100% equity of Tonghang to Dong Yuhui. According to the announcement of Dongfang Zhenxuan on the Hong Kong Stock Exchange, the sale amount of Huitong is 76.5855 million yuan.
On July 25th, Dongfang Zhenxuan announced that Dong Yuhui has decided to no longer serve as an employee of the company and a senior management of a merged affiliated entity. The resignation will take effect on July 25th, 2024. In addition to fully paying the promised benefits and compensation to Dong Yuhui, the Chairman of the Board, Yu Minhong, has sought approval from the Board and the Board Remuneration Committee to distribute all remaining undistributed profits from the company to Dong Yuhui.
In addition, according to the listing rules and the company's articles of association, Yu Minhong has made arrangements for the settlement price of Dong Yuhui's acquisition of the same company as Hui. To maintain the normal operation of Yuhui, the company will provide free self-developed information systems to Yuhui.
On July 26th, Yu Minhong, the founder of New Oriental, stated at a shareholder exchange meeting that some shareholders believe that New Oriental will not hold any shares in Yuhui at any time in the future, and that this situation does not exist.
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