[Beijing Direct News Network November 24th] (Public opinion observation network)Not long ago, the public opinion of our website monitored the scam of "OTC listing", and the article was widely reprinted and disseminated. This article was reprinted by Huaihua online police patrol and law enforcement and Weifang online police patrol and law enforcement.

The article mentioned that in October 2020, hanjiao group, Inc. completed OTC listing by means of anti M & A. Tian Xiangyang, chairman of the board of directors of hanjiao group, still served as the chairman of Beijing Luji Technology Co., Ltd. two months before listing. Since its development, Luji technology has been criticized for direct sales rebate and hierarchical compensation, suspected of pyramid selling, In 2019, he was also fined 20 million yuan for suspected MLM. So, is the above true?

After being punished for suspected MLM: encircling money by listing?

According to the enterprise investigation, on July 6 this year, Beijing Luji Technology Co., Ltd. was renamed "Beijing Yingjun Technology Co., Ltd", and the legal representative was Tian Xiangyang.

It is reported that on August 7, 2020, hanjiao International Beijing Luji Technology Co., Ltd. successfully acquired as capital, Inc. with this major initiative, Luji technology has become an entity controlled by a listed company and doing business in China. Ms. Tian Xiangyang, founder / Chairman of Beijing Luji Technology Co., Ltd, He successfully took over as chairman of the board of directors of hanjiao Group Co., Ltd. as early as two months ago.

However, according to tiger securities, hanjiao group (code hjgp) reported a sharp decline in its public earnings and even became insolvent. According to hanjiao group, from 2018 to 2020, the debt ratio continued to rise, and the total assets in 2020 decreased by nearly 40% compared with 2019. At the same time, there was no significant change in liabilities. The company's debt has exceeded the company's assets, and the debt ratio has reached 120.42%, which is obviously insolvent. The public information of financial data in 2021 cannot be displayed.

It is worth noting that in terms of operation, after the operating revenue of more than 50 million in 2018 and 2019, the operating revenue was only more than 670000 yuan in 2020, and the operating revenue decreased by nearly 99%. In terms of net profit, the net profit in 2018 was 5.86 million, and the net profit margin was only 10%. In 2019, the net profit was 1.33 million, and the net profit decreased to 2%. In 2020, the net profit was - 15.02 million, and the net profit margin was - 2241%. According to the analysis of relevant people, this situation is suspected of financial fraud and asset transfer. No matter which situation, under the most stringent IPO regulatory policy in the United States, once faced with audit, the result must be heavy punishment and direct delisting.

Enterprise investigation also showed that on October 12 this year, Beijing Luji Technology Co., Ltd. was listed as the executee, and the execution target was 17926.00 yuan.

In addition to circling money on the grounds of listing, in November 2019, according to china.com finance and economics, Beijing Luji Technology Co., Ltd. was ordered by the people's Court of Yinan County, Shandong Province (hereinafter referred to as "Yinan County Court") to freeze 90 million yuan of bank account funds on July 5 of that year. At the same time as Luji technology, five companies such as Henan aiyang Information Technology Co., Ltd. and Hangzhou shenghang Computer Technology Co., Ltd. were frozen by Yinan county court.

According to the administrative ruling of the people's Court of Yinan County, Shandong Province (Lu 1321 Caibao No. 598), on July 5 this year, Yinan county market supervision and Administration Bureau (hereinafter referred to as "Yinan county market bureau") investigated and dealt with land machinery technology, Henan aiyang Information Technology Co., Ltd., Hangzhou shenghang Computer Technology Co., Ltd., Zhongji Technology Service Co., Ltd., Hefei Wanfa Computer Technology Co., Ltd When six companies including Harbin Xinyue Technology Co., Ltd. were suspected of MLM, in order to prevent the respondent from transferring or hiding illegal funds, they applied to the Yinan county court to freeze the respondent's bank account deposits in financial institutions. According to the above administrative ruling, Yinan County Court ruled to freeze the bank deposits of 90 million yuan each under the names of six companies, including Luji technology, Henan aiyang Information Technology Co., Ltd., Hangzhou shenghang Computer Technology Co., Ltd., Zhongji Technology Service Co., Ltd., Hefei Wanfa Computer Technology Co., Ltd. and Harbin Xinyue Technology Co., Ltd.