Ruanru Hui - yuanruhui - Netease blog

1. I again now Ruan Yu-fai throughout Government, Congress, and visitation, the discipline inspection, customs, national security, public security police, prosecution, courts, justice, and commerce, taxation, labour, financial, audit, statistical and other formal reporting "legend" and "digital" companies and shops from 1989-2009 years for smuggling (e.g. digital door "Apple") to evade taxes (no tax) of the people's Republic of China pursuant to the State administration of taxation, tax collection and Management Act and in violation of labour law (in accordance with the provisions for staff social security, Medicare, Housing Fund) and to television, radio, newspapers and other news media disclosure of the truth . .


2. I submitted some evidence from other "98 Lenovo Group business unit financial implementation rules" and "Lenovo Group company, sector payroll summary" and "Lenovo Group personnel numbers list Guangzhou platform."


October 27, 2003, Guangzhou Exchange Tax Inspectorate report center, sign people Huangwan Wen (Wang Yuan Man) Miss (Sept. 30, 2005 telephone inquiries, was informed that the Cantonese-speaking, bar-tailed) was transmitted to Eastern Tax Inspection Bureau. Also to the set of documents (stamped with official seal) copy, but now missing. .


5 November 2003 at Guangzhou Municipal taxpayer Service Center, Ms. receiver??s why xiaomin, its response is forwarded to the inspection of Guangzhou office rent.


November 19, 2003 Local Taxation Bureau of Guangdong Province taxpayers pay service center, receipt artificial Chen Hongxuan and Miss Lin Fenxiang, transmitted by inspection bureau in its reply has been referred to the Shenzhen and Huizhou and Huiyang Tax Inspection Bureau. .


20 November 2003, at the Office of letters and calls the Guangdong Provincial Public Security Department, which referred to the Corps for investigation.


November 26, 2003 the National Tax Inspection Bureau of Guangdong Province submitted a report center, Mr. Ronaldinho sign for people (when calling from a guard that) has been referred to the Shenzhen and Huizhou, the National Tax Inspection Bureau. .


Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal information click on the document and then click open my documents after Lenovo digital download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.


3, set up internal accounts, setting responsibility accounting, tax statements were calculated the external and internal financial reporting, internal accounting responsibility for the implementation of the profit. .


4. the procurement of goods, such as invoice items, normally; if no invoice using the staging database, through internal account settlement or payment of cash or to find other companies on behalf of invoicing (such as "Beijing Lenovo Group of tax evasion and Yang Bo's events") causes the value added tax (VAT) evasion tax increase. It can be lodged, pre arrival sent a manifest, delivery tracking registration, import, storage, document use and purchase invoices are checked.


5, provision for cut-stock merchandise reserve ratio was not consistent with the accounting system (specifically the provisions of 3-1000 parts per thousand, five parts) lead to increased costs, reduced profits, corporate income tax evasion. .


6, sales income receivable of bad debt reserve percentage does not conform to the then financial guidelines (specifically for thousands of three to five thousand) lead to increased costs, reduced profits, corporate income tax evasion.


7, selling merchandise using the "CNC billing" and "tax billing" distinction, while sales of single-state tax control machine print, but not the actual IRS special tax control machine, but the use of computer programming, if the customer do not need an invoice, recorded as a reduction from the computer program (such as Digital China "Apple Gate") led to a reduction of the VAT against the output, revenue, profits decrease, evasion of VAT and corporate income tax and business tax. .


8, selling merchandise, sales managers and clients to discuss whether or not the invoiced (Yang Bo's events) if not invoiced, through an internal account statements or to receive cash or to find other companies will be invoiced (e.g. digital door "Apple") causes the VAT sales tax reduction, revenue, profit, tax evasion of value added tax and the corporate income tax and business tax. It can be a sales slip or kudan, FA (sent) invoices, documents using the register, the sales invoice, sales daily mutual reconciliation.


9, retail goods nominally unified tax invoice price, in fact, do not develop into lower prices and higher ticket prices including tax invoices, if the customer does not request an invoice, Zeyi selling goods at lower prices ( For example, Digital China "Apple Gate") led to reduced VAT output tax payments, business revenue, profits decrease, evasion of VAT and corporate income tax and business tax (the year I worked with the National Tax Inspectorate report Guangzhou Centre for Zhang Guo Guo Ling Ling or Ms and Eastern National Tax Inspectorate also reported in Guangzhou Local Tax Inspection Board referred to the center point) if the customer request an invoice, we will charge 5% tax, selling goods at higher prices。.


10, buy invoices charged against the profit responsibility (such as "Bo incident" and "Beijing Lenovo tax evasion case") lead to increased costs, reduced profits, value added tax and enterprise income tax evasion. .


11, connected transactions and taxation.


例如“联想控股”旗下的“志勤美集”属于物流行业，其开具运输发票只需要缴纳5％的营业税，但是其发票传到了“联想集团”和“神州数码”后，则可按发票金额增加10％的增值税进项税金，少交5％的增值税，需要将其运输发票、实际货运业务和原始货运单据及市场价格互相核对（其他运输公司的发票也是同样道理，如亚洲物流科技有限公司，2003年11月26日本人将举报材料交给广东省国税稽查局举报中心小罗先生时曾经提及其收买运输发票问题）导致费用增加，利润减少，偷漏增值税和企业所得税。.


12, repair station service charges are not invoiced, but a receipt, resulting in reduced revenues, reduced profits, value added tax and enterprise income tax evasion and business tax; education and training service charges are not invoiced, but a receipt, resulting in Operating revenue, profits decrease corporate income tax and business tax evasion. .


13, in accordance with financial responsibility accounting accounting methods for taxable charges, through internal accounts calculation, tax evasion, tax evasion and tax fraud, accounting profit responsibility.


14, foreign tax statements and accounting reports within the responsibility of the same form, but the amount does not match, you can check each other. .


15, if Mary Ma, MA and is holding the "liabilities" nowhere to become a billionaire, or rich, then let it be subject to personal income tax.


16, from a tax point of view of evaluation, "Liu Ni dispute" and "debt holdings" if Liu did not engage in "debt holdings," then the loss of nearly 100 million yuan of state assets that is part of the stock appreciation will belong to the CAS and the "Legend Holdings" all, it would have to pay to the State Administration of Taxation, Corporate Income Tax 10 billion * 25% = 25 million, so now "Legend Holdings," may, for the year "debt holdings," the price is to the State Administration of Taxation submitted the corporate income tax, If the State Administration of Taxation, transfer the case to Ministry of Public Security, Supreme People's Procuratorate, Supreme People's Court handled a maximum penalty fine of 2.5 billion * 5-fold = 12.5 billion。.


In March 17,2006, I am in Beijing IRS Web site, "the Secretary-mail" to report directly to put the letter, Mr. Liu Bing has confirmed receipt; in December 2007, I call the Haidian District Tax Inspectorate Report Center query, Yang President said the reports had not received the letter, there is no "Digital China" report records. .


18, July 2007, the IRS site in Beijing, "the Secretary" direct inject box reports again, Li Ying Jia has acknowledged receipt; in December 2007, I call the IRS audit in Haidian District Council report Centre enquiries, Mr. Yang said received reports for Lenovo import and export co., Ltd. of illegal income dollars, but this is not what I wrote the original reports. And its not "digital" report records.


In May 19,2008, I again call the Haidian District Tax Inspectorate Report Center query, Mr Yang said the report received the letter says Lenovo IMP fake VAT invoices, the illegal profits of five million per year element, but not the letter, I wrote the original report or not, "Digital China" report records. .


20, Beijing City National Audit Bureau has not the right answer.


South Road, Haidian District, Beijing Zhongguancun Science 10, Box 8788 Beijing 100080, China Liu 010-62509484 Legend Import and Export Co., Ltd.. .


Guangdong Shenzhen taohua road, take the fourth floor of A building, A area, 0755-83597906 Lenovo import and export co., Ltd. Sales Department 518038 Manager Taowei 83594042.


South Road, Luohu District, Shenzhen, Guangdong Huizhou Building 823 Room river Lenovo Export Co., Ltd. Import & Export Department 0755-82281846 82291673. .


21, from August 2007 to the 12-month digital nominally foreign acquisitions, in fact the funds from the Bank loan, Kuo old 0.10% shares into a shares holding 10.29 per cent from multimillionaires and became a billionaire, which should allow it to pay personal income tax (using the personal income tax software to calculate 3 billion RMB 1600 has been deducted and the "gold") $ 110683905 5 times = fine * $ 553419525.


22, Guo Wei exactly where to get 300 million yuan after the KIL British Virgin Islands-registered company (or a huge unidentified property suspected of embezzlement of public funds) then the name of the company's acquisition of Digital KIL shares? (In accordance with the laws of Hong Kong-owned property on the alleged inconsistent with the duties, income and the ownership of property disproportionate to the income and expenditure imbalance, embezzlement cases, you can refer to Skyworth Stephen Wong). .


23, digital China management holdings 9.8 per cent into the largest shareholder of 2010.05.19 20: 02 Dave Satoshi NetEase technology.


SAN FRANCISCO May 19 evening news bulletin has just been disclosed in Hong Kong Stock Exchange, Lenovo Holding's IT integration services to enterprise IT distributor Digital China stake in a major change. Guo Wei-based management to offshore holding companies KIL, the price will be 1.05 billion Hong Kong dollars overseas to a wholly-owned subsidiary of Legend Holdings Inc. acquired Lane Limited 9.8% of the shares, KIL Digital China has become the largest holding shareholders. Digital China said the transaction has been completed for approval. Legend Holdings stake in Digital China will be reduced to 5.52%.And KIL share increased from 8.76 18.56 per cent. Announcements, naming the company will sell 1 million to KIL-shares, the price per share, compared to $ 10.5 today's closing price of HK $ 10.68, a discount of about 2 per cent. Digital China earlier this afternoon, closing down 3.26% to HK $ 10.68 per share.


Digital management of overweight 9.8% Source: ZDNet News 2010.05.19 19:32 Cheng Peng. .


NetEase tech news on May 19, according to the Nikkei information display, digital China management will increase the 1 million shares in the company or about the date of this announcement, the company has hair equity 9.8%. Average price per share to $ 10.5, management of its shareholdings from 8.76 to 18.56 per cent of the purchase price of $ 105,000 million.


Digital management of overweight, Legend Holdings 1 billion purchase of 10% stake in Sina Technology News 2010-5-25 14:33. .


May 19 in the evening news, according to the Hong Kong Stock Exchange notice disclosure, digital China Holdings Limited ownership structure changed significantly. To as the principal shareholder of Kuo overseas company KIL, 10.5 billion buy Lenovo holdings, a wholly-owned subsidiary of an overseas limited (RLL) naming in digital China holds 9.80 per share. Digital China, this transaction has been completed and the relevant approval. This transaction is completed, the Lenovo holdings in digital still retains 5.52 per cent of the shares in proportion.


Digital holdings of 100 million shares as President of the largest shareholder of Sina Finance 2010.05.20 11:00. .


SINA finance hearing 05/20/messaging, digital China is 4.68 per cent reported 11.18. The President announced that the company by Kuo 10.5 per share, to another shareholder nanming co., Ltd. acquired 1 million the number of shares, God Shezi 10.5 billion, making shareholdings to 18.56 percent, becoming the largest shareholder of digital. Transactions, the naming of the 4.05 per cent.


24, from December 2007 to August 2008 10.29% stake held by Guo Wei had become a holding 40.40% stake, should be allowed to pay personal income tax. .


25 September 2009, "Lenovo holdings" for the sale of State-owned assets, resulting in $ 1 billion loss, you should let them pay 10 billion * 25% = 2.5 billion in corporate income tax * 5 times = 12.5 million fine.


26, for violations of labor law issues, payment of wages can be summary of their departments, staff lists, financial payroll account, the Social Security list of cross-checking. .


27, Guangzhou City from January 1998, implementation of housing fund management regulations (by employee wages each month from 14 per cent, companies and individuals from 7 per cent) and Lenovo Group in August 1999, issued by May 1999 did not begin to pay the Housing Fund (Group provides unified extraction by $ 1000).


Please read the Chinese courts Network http://blog. . Chinacourt. . Org /? 11020 radius of the rule of law http://yuanruhui. . Fyfz. .cn / blog / yuanruhui law blog. .


Ancient arson on the belt, no body repairing paving hai.


Modern tax evasion on the money belt, to report complaints to rely on bonuses. .


Now taking bribes on belts, expose but no bonus.


Digital list of companies. .


Beijing Shangdi donglu, Haidian District, shenzhoushumadasha 010-82705888 digital China management system co., Ltd. 82707076 high-end OA Division 82707186 high-end North Division 82705811 or 82705666 Education Marketing Director Office 82705902 or e-Commerce Director Office 82705728 82705845 or 82705836 workflow controller do 82705111 or PDM Director Office 82707051 business postal code 100085 82707914.


Beijing Haidian District, 9th Street Plaza 010-82707777 Digital Technology Digital China Holdings Limited 82707776 100085 Beijing 8608 mailbox. .


Suzhou Street, Haidian District, Beijing, no. 16, 010-62693333 digital China (China) co., Ltd. 62693334 zip code 100080.


No. 49 Zhichun Road, Haidian District, Beijing Sigma Building, 1-2 010-88097748 Beijing Digital China Limited 88097776 Lenovo Digital China Technology Development Co., Ltd. Legend of D'ceremony 88,096,999 88,097,777 88,097,719 Liu. .


Fukien Fuzhou Wuyi Road Peace Tower a, 0591-83306328 Fuzhou digital China management system co., Ltd. 0591-83306330 Fuzhou digital co., Ltd 83306329 83306322 or 83306323 zip code 350005.


No. 820 Xiahe Road Xiamen, Fujian, Imperial Building, Room 1806, Xiamen 0592-2962985 Digital China Management Systems Limited 3990096 Fax 2962976 Postal code 361004. .


Guangdong Dongguan qifeng road 162, in a building 20, 22363880 go 8000 or 8001 Dongguan digital China management system co., Ltd. 22363996 zip code 523000.


Baohua Road, Huadu District, Guangzhou No. 36, Building 815, Room 020-61811880 Guangzhou Heart Digital China Limited 61811889. .


Guangdong Guangzhou shuiyinlu Xiangyun floor 52-5 shuiyin Room 601, 020-83338222 digital Xinlong technology co., Ltd. 510175 hotline 83369188 toll-free 8008309990.


Guangzhou Tianhe North Road, No. 13-14 892 F Legend Digital China Ltd., Guangzhou 020-87582246 510630 Liu 87,543,458. .


898 Tianhe North Road, Guangzhou, Guangdong, Xinyuan building 31 floors 020-22381666 or 22381665 Guangzhou digital China management system co., Ltd. 020-87582246 8476 or 8469 high-end South Division 87543458 zip code 510898.


Guangzhou Tianhe North Road, No. 898 Building, 32 floors source Digital China Ltd., Guangzhou 020-87582246 87543458 Post code 510898. .


Kirriemuir, Huizhou, Guangdong road, surplus jintaidasha 7 e, 0752-2384581 Huizhou digital China management system co., Ltd. 2384565 2384585 zip code 516000.


Binhe Road, Futian District, Shenzhen, Guangdong, United Plaza, 5022 North 38th floor, Block A switch to 8579 or 8866, Shenzhen 0755-82966699 Digital China Management Systems Limited 0755-82966660 Shenzhen Digital Co., Ltd. 518026. .


Guangdong Shenzhen Longgang District Dragon Street Center City Road, building 4, ziwei phase 110-111, shops (86) 755-89989077 digital China (Shenzhen) co., Ltd.


Xili, Nanshan District, Shenzhen, Guangdong Science and Technology Park, Ping Shan private enterprises in Shenzhen City, 5th Floor, Block 4, Division Digital Technology Co., Ltd. Legend Digital (Shenzhen) Co., Ltd.. .


Guangdong Zhongshan Road safety bar in cordial House 12, 0760-8862010 Zhongshan digital China management system co., Ltd. 8862012 zip code 528400.


46 Lakeside Road, Nanning Guangxi China Sea Building, Room 1304, 13th Floor, 0771-5534480 Nanning Digital China Management Systems Limited 5,534,401 Post code 530022. .


Guizhou Guiyang Xinhua road, Wujiang building 10 1004 0851-5813464 Guiyang digital China management system co., Ltd. 5784745 5813464 zip code 550002.


Third Road, Zhengzhou, Henan Jincheng International Plaza, No. 68, Building 2, Floor 18, Digital China Co., Ltd. Zhengzhou 0371-65829660 65829662 Postal code 450008. .


Hubei Wuhan zhongnan road, Wuchang District 9, 22/f, block b, Plaza 027-87312266 2905 or 2904 or 2901 or 2898 go 2906 or 2999 or 2988 Wuhan digital China management system co., Ltd. 027-87222999 Wuhan digital co., Ltd 87322588 Wuhan Lenovo digital co., Ltd 8732531 LIU Chuanzhi 430071.


No. 9 Renmin Road, Changsha, Hunan bainaohui Cyberport Building A Room 1308, 0731-4159760 Changsha Digital China Management Systems Limited 4159759 Tel 4159756 Fax 4159763 Postal code 410001. .


Hunan Changsha Hunan shaoshan culture building, no. 139, 1601-1603, Changsha 0731-4161486 digital co., Ltd 4129058 zip code 410001.


Nanjing Zhongshan Road 268 1 Exchange Square Building 10F Floor Kit 025-83351122 Nanjing Digital China Management Systems Limited 83351122-1001 Digital Co., Ltd., Nanjing 210008, China. .


Jiangsu Nanjing Zhujiang road 609 far East building, 4th floor 025-83681100 Nanjing Lenovo digital co., Ltd 210018 LIU Chuanzhi 83681214.


328 Airport Road, Suzhou, Jiangsu Province, Suzhou Industrial Park, Suzhou International Science Park 203D Digital China Management Systems Limited 0512-62882268 Fax 62882258 Postal code 215021. .


Jiangsu Suzhou, Kunshan city, Heilongjiang road 68, nurse business building, room A307 0512-57388658 Kunshan digital China management system co., Ltd. 57388660 57388657 zip code 215300.


Wuxi, Jiangsu Province People's Road, Building 97, Room 1012, Kai Fuk 0510-82709510 Wuxi International Digital China Management Systems Limited 2701626 Fax 82709515 Postal code 214002. .


Jiangxi Nanchang bayi Avenue Plaza, no. 357, block b, 1803-1804, 0791-6204871 Wuhan digital co., Ltd Nanchang Office 6204872 zip code 330046.


Mountain areas of Liaoning Dalian Friendship House, 158 Friendship Road, Room 2305, 0411-82520970 Dalian Digital China Management Systems Limited 82520972 Fax 82520373 Postal code 116001. .


Liaoning Shenyang South sanhao Street, Heping District, big science 63 6 024-23582588 Shenyang digital co., Ltd 024-23969788 Ext. 2617 or 2613 Shenyang digital China management system co., Ltd. 23969054 zip code 110003.


Jinan Luoyuan Avenue 66 Ginza Plaza Office Building, 18 floors 0531-87071635 8,707,163,687,071,637 8,707,163,887,071,639 Jinan, Digital China Management Systems Limited 0531-6065200 Jinan Jinan Digital Co., Ltd. 6,065,211 6,065,277 Liu Legend Digital China Ltd. 250,063. .


Shandong Qingdao f，Golden Plaza, room 14-layer 11521 0532-85022450 Qingdao digital China management system co., Ltd. 85022433 zip code 266071.


Shaanxi, Si-an S. Kwan Chang International Centre 88 Centre Street 029-88342300 Xi'an 710068, Digital China Limited. .


Shaanxi Xi'an Taiyi southern section 1 Lenovo building a three-tier 029-2211177 Xi'an digital China management system co., Ltd. 2218165 zip code 710054.


Fuquan Road, Changning District, Shanghai, 111 Technology Park 021-22019594 Shanghai Digital China Digital China Management Systems Limited Shanghai high-end of the South Division, 22019589 Fax 22019595 Postal code 200335. .


Shanghai changning district Fuquan road, digital China Shanghai Science and Technology Park, 021-22019622 Shanghai digital China management system limited circulation Director Office 22019925 zip code 200335.


Fuquan Road, Changning District, Shanghai Shanghai Digital China 111 Technology Park 021-22019652 Shanghai Digital China Management Systems Limited 22019601 Fax 22019655 Postal code 200335. .


Shanghai changning district Fuquan road, digital China Shanghai Science and Technology Park, 021-22019660 Shanghai digital China management system co., Ltd., Director of channels do 22019650 zip code 200335.


Fuquan Road, Changning District, Shanghai Digital China 111 Technology Park, Shanghai Shanghai Digital China Limited 22019988 021-22019999 Post code 200335. .


Sichuan Chengdu Jinjiang District, Renmin road, section 3, the new building 2F building 028-85459888 to 1901 or 1912 or 1908 or 1915 or 1818 Chengdu digital China management system co., Ltd Chengdu high-end South Division 610041 associate digital co., Ltd.


3 North Street, Chengdu Wuhou confidence Administrative Service Center 4th Floor 028-85459888-2625 Digital Co., Ltd. Chengdu 610041. .


Tianjin Hexi District weidi Street no.146 huasheng square block b, 11th floor, room 022-A2 88239240 88239247 88239241 Tianjin digital China management system co., Ltd. 300201.


King's Road, Quarry Bay, Taikoo Place, 979 20th Floor, Devon House, Room 2008, Digital China Holdings Limited 28055991 0852-34168000. .


Yunnan Kunming 6 East Road, Xinhua building 15 layer c, 0871-3171219 3170948 3170599 Kunming digital China management system co., Ltd. 650051.


No. 658 Jianguo Road, Hangzhou, Zhejiang Haihua Plaza, 12th Floor, Block C Tel 0571-85863301 85863303 Hangzhou Digital China Management Systems Limited 310004. .


Zhejiang Hangzhou road 90, Eastern software Park, science Plaza, 5-layer 0571-56763888 56763906 Hangzhou digital co., Ltd 310012.


168 Baizhang Road, Ningbo, Zhejiang Exhibition Center 8th Floor, Block A Tel 0574-87701835 87701841 Fax 8,770,673,687,705,753 8,770,183,787,703,730 Digital China Management Systems Limited, Ningbo 315040. .


Newcastle road, Wenzhou, Zhejiang, China digital city address：address 0577-89882255 88920792 Wenzhou digital China management system co., Ltd. 325000.


New North Road, Jiangbei District, Chongqing, two slip No. 8 Chun-Hao Ying Ming Koi 20-3 Tel 023-61809170 61809171 Fax 61809177 Chongqing 6,180,917,261,809,173 Digital China Management Systems Limited 400 020. .


Supplementary proofs has been routed to ccidnet http://yuanruhui. .blog. .ccidnet. .com blog http://mryuanruhui. .blog. .ccidnet. .com please download themselves.


Lenovo list. .


Anhui chuzhou langya road, 0550-3035491 chuzhou new Lenovo computer technology co., Ltd 239000 Cheng Lin 3030920.


Huaihe Road, Hefei, 303 Lu Yang District, 9th Floor, D Block Posts 2608999-804 Legend Electronics Co., Ltd. Shanghai Office of Hefei 230001 Song Jinghua. .


Beisihuanxi road, Haidian, Beijing, 29, 010-68488120 68488119 Lenovo system integration co., Ltd. 100083.


Beijing 海淀区海淀 Road 70, Beijing Legend Computer Group 010-62564446 62564842 Box 8788 Beijing 100080, China. .


Beijing Haidian District village north high school South Gate-010-62616089 attached Lenovo distance education North Ltd. 62656289 peak 62570905 Zhongguancun post office box 100080 050.


Haidian District, Beijing Information Industry Base, Building 1, 010-2572106 standard factory Lenovo Education Electronics Co., Ltd. Beijing, 100084. .


Beijing Haidian Shangdi Chuangye Road, 010-58868888 Lenovo (China) Holdings Co., Ltd. 82876048 Lenovo (Beijing) co., Ltd 82875947 LIU Chuanzhi 82879425 Yang Zhao Huan 58866630 82877041 is B/C industry accounting 82878888-6140 Beijing Lenovo Lenovo computer co., Ltd., Beijing 82876709 100085 e..


Haidian District, Beijing Information Industry Base open Road 7, 8688 Pioneer Building, Box 010-62986638-2210 Beijing Lenovo Software Limited 62975824 Lenovo computer company's software division 62986638-2401 Beijing Lenovo Software Ltd Lee Tai Yang 100085. .


Beijing Haidian Shangdi information industry base information road, commercial center 010-82899999-2850 Beijing Lenovo Lenovo FM technology co., Ltd. 82890988 100085. three-year technology co., Ltd.


Zhichun Road, Haidian District, Beijing Beijing I think the north side of 81-1 No. 010-62561231 62551460 telecommunications companies. .


Haidian District, Beijing Zhongguancun North North a Beijing 010-62541917 62572090 Lenovo industrial control.


South Road, Haidian District, Beijing Zhongguancun Science 10, 8758 Box 010-82879425 62509508 Tel 62509999 Legend Holdings Limited Legend residence Technology Co., Ltd. Beijing Investment Company Limited 62572181 Lenovo 62561056 Lenovo Group Lenovo Holdings Import & Export Co., 62572080 Fax 62572090 62509484 Box 8788 Beijing 100080, China Liu . .


Zhongguancun, Haidian District, Beijing, 2 kexueyuan South Road inoftech 10 010-62508000 Lenovo venture capital co., Ltd. 100080 62509100 off-limits.


Zhongguancun South Street, Haidian District, Beijing Fangyuan Building, 56 B 1409 Guangzhou Legend Chi Soft Computer Technology Co., Ltd. Beijing service center. .


Beijing Xicheng District taipingzhuang road xinjiekouwai Street 2, colored home test 1/010-82015080 601 or 602 Lenovo Service Center 100088 Beijing.


Tak Wai Avenue, Xicheng District, Beijing 2, San Fung Avenue, Room 513, Tiancheng Building, 010-82271162 Beijing Legend FM Yang Technology Co., Ltd. 100,085 82,271,161. .


Wusi Road, Fuzhou, Fujian, a District 25-2508 units 350003 associative Electronics Co., Ltd. in Shanghai, Fuzhou Office.


Xiamen Torch Hi-tech Industrial Development Zone Xiamen Overseas Chinese Electronics Industrial City, Building C, 2F, Lenovo Mobile Communication Co., Ltd. Xiamen 0592-5716888 361009 Sun Wenping 5,715,787 Xie xiezy @ legend. . Com. .


Guangdong Dongguan new road three 2878540 Lenovo (Dongguan) co., Ltd. Mr. Lee 523301 13925707199.


South City Park, Dongguan Dong B Industrial Zone, Dongguan, Legend Computer Co., Ltd. 0769-2507468 13925586378 2740858 Huang Jian. .


Guangdong Guangzhou haizhu district town and road Fu Yuan building, second floor, 020-84205580-203 Guangzhou Lenovo-soft computer technology co., Ltd. Add： haizhu branch 510305.


Guangzhou Tianhe North Road, Block 28 in Times Square, Room 1016, 020-38821939 Lenovo (Shenzhen) Electronics Co., Ltd. Guangzhou Office Tel 38910635 Fax 38820153 510620 38821753 Huo Xiaoning. .


Guangdong Guangzhou Tianhe North Road, no. 28, Times Square, 8 floor, room 819 817-020-38821977 Lenovo (Shen Zhen) Electronics Co., Ltd. Guangdong Branch 510620 wanglei 13710566794.


Huangpu Avenue, Tianhe District, Guangzhou Middle East into a Garden Shop No. 10-11, Ground Floor, Legend Computer Co., Ltd., Shenzhen, Guangzhou 020-85675106 Customer Service 87,626,176 82,626,229 Chengxin Yang Liu Yong 85675200 13302296962 Postal code 510000 or 510660. .


Guangzhou Tianhe district XI, 15A2, 020-84205580 Guangzhou Lenovo-soft computer technology co., Ltd. http://www. .lenovo-ai. .com.


Huizhou Daya Bay Economic and Technological Development Zone 0752-3500108 association of real estate (Daya Bay) Ltd. 516 213 Liu. .


Guangdong Huizhou dayawan economic technical development zone 0752-3500170 Lenovo industrial industry development (Daya Bay), Ltd. 3500111 patanchon Hua 516213 LIU Chuanzhi.


Huizhou Huiyang City Sun City development zone three and Technology Industrial Park 0752-3500088 Huiyang Lenovo Lenovo Computer Limited 3,500,249 Cordia Electronics Huizhou Co., Ltd. 3,500,077 in likun yulk @ legend. . Com. . Cn Zhang Zuxiang 516 021 (income tax RMB6 rent has more than 10,000 yuan, a fine of RMB6 million yuan, has been paid bonuses RMB10312 million). .


Huiyang Huizhou, Guangdong Sanhe development experimental zone in Sun City, Lenovo technology industrial park, 0752-3500119 Huiyang associative information products manufacturing co., Ltd. 516213 Zhong Xiang.


Huizhou Huiyang City Sun City development zone three and Technology Industrial Park, 0752-3500263 Lenovo Lenovo Lenovo Techwise Circuit Co., Ltd. 3,500,306 516,213 Techwise Circuits Board Co., Ltd. Zhang Zuxiang. .


Huiyang Huizhou, Guangdong Sanhe development experimental zone in Sun City, Lenovo technology industrial park, 0752-3500450 Huiyang Lenovo Lenovo industrial property co., Ltd. 516021 Huiyang technology (industrial) Park co., Ltd..


Huizhou Huiyang City Sun City development zone three and Technology Industrial Park, 0752-3500452 Huiyang Lenovo Lenovo Electronic Industry Co., Ltd. 3,500,417 3,500,251 Liu Xiu Li Qin 516 213 steady. .


Guangdong Shantou longhu Long Ping 0754-8888756 Shantou Lenovo computers Ltd. 515041 Sze 8852876.


Peach Road, Futian Free Trade Zone, Shenzhen, Guangdong, No. 6 off the fourth floor of Building A, Building A, Import & Export Co., Ltd. 0755-83597906 Lenovo sales manager, Tao Wei 83594042 518 038. .


Guangdong, Futian District, Shenzhen hongli road 38, a-2006 Guangzhou quanxing Plaza associative-soft computer technology co., Ltd. Shenzhen Service Center.


Hongli Road, Futian District, Shenzhen, SEG high-tech Industrial Park, 6th Floor, Block 3, Legend Computer Co., Ltd. Shenzhen 0755-83348884 Lenovo Integration Co., Ltd. 83,349,877 83,320,311 Liu, Shenzhen 518028. .


Guangdong Shenzhen Futian District huaqiang North Road, hi-tech industrial park plant six 0755-83348885-118 Shenzhen Lenovo computer co., Ltd. 518028 Sze (IRS tax payments received 30 million are bonus RMB10156 element).


Guangdong, Shenzhen, 4009 Shennan Road, Futian District, 10th Floor, Investment Building No. 0755-2712288 Lenovo computer company office in South China 518026. .


Guangdong Shenzhen Futian free trade zone Association international information products (Shenzhen) co., Ltd. production base.


Baogang Road, Luohu District, Shenzhen, Guangdong Building, Room 1308, Tin Sum 0755-25852161 (Taiwan) Lenovo R & D Centre, 581 023 Wang Zhaoqi 25,852,291. .


Guangdong Huizhou yanhe road, Luohu district, Shenzhen, building,no.345,jinxiang 0755-82281846 Lenovo import and export co., Ltd. and export Department 82291673.


Nanshan District, Shenzhen, Guangdong high-tech industry High-tech Industrial Park South R & D Center South 1 Building, 10th Floor, Lenovo 0755-26983988 Lenovo Science and Technology Park Ltd., Shenzhen 518057. .


Guangdong Shenzhen high-tech industrial park, Nanshan District sci-tech industrial park, together with the Association of research and Development Center in the Southern District of hi-tech South building, 1st floor East 0755-6955888 to 3000 3001 or Lenovo service center of Shenzhen.


Nanshan District, Shenzhen, Guangdong high-tech industry High-tech Industrial Park South South 1 Building, 5th Floor, Lenovo R & D center in Shenzhen 0755-6955888-8880 6955888-8014 Lenovo Lenovo Computer Limited (Shenzhen) Co., Ltd 88776093 518057 Lu Hui Zhang Zuxiang Post. .


Guangdong Shenzhen high-tech industrial park, Nanshan District sci-tech industrial park, together with the Association of research and Development Center in the Southern District of hi-tech South building, 6th floor, 0755-33306878 associative network (Shenzhen) co., Ltd. 518057 or 518000 Liu Xiao-Lin 26983803 CHAN Tung 13603026852.


Nanshan District, Shenzhen, Guangdong high-tech industry High-tech Industrial Park South R & D Center South 1 Building, 8th Floor Lenovo Lenovo 0755-26955888 (Shenzhen) Electronics Co., Ltd. 26,983,518 Lenovo Lenovo Shenzhen Electronic Co., Ltd. Shenzhen Electronic Co., Ltd. 26,983,818 26,983,800 cattle Yang Hung 13923773958 518057 or 518026. .


Guangdong, Shenzhen Nanshan District Nanshan District Shenzhen high-tech industrial science and technology industrial park, building 2, haoran hi-tech. building of the great wall of China Great Wall Building Science & Technology Industry Park # 2 Tower Lenovo international information products (Shenzhen) co., Ltd. (86) 755-26553388 26728045 26728020.


137 Seven Star Road, Nanning, Guangxi Foreign Trade Building, 21st Floor 5,308,100 Lenovo (Shenzhen) Electronics Co., Ltd. Nanning, Nanning Office 5308115 electronic equipment company Lenovo. .


Shijiazhuang Heping West Road 79, 0311-7083456 Lenovo service center of Shijiazhuang 7069631 zip code 050011.


Hebei Zhongxing Road, Xingtai area west of West Avenue 38, west of I Road, Chung Hsing Road South 0319-5998888 2059586 Xingtai Xingtai Lenovo Computer Limited Time Electronics Co., Ltd Part 2021164 2050386 OA system integration service department the Department of 2,050,111 2,028,661 054,000 Wang Lihong. .


Henan Kaifeng Xiyuan district 103/0378-3263029 Kaifeng Lenovo science computer co., Ltd., 475000 gang.


Henan Luohe Rainbow Bridge Road East 0395-2199282 Luohe Lenovo Computer Limited. .


Jinshui district, Zhengzhou Henan agricultural road, report 2, + 86-371-3910195 Lenovo (Shen Zhen) Electronics Co., Ltd. Zhengzhou Zhengzhou Office Lenovo Service Center.


Daqing Hi-tech Industrial Development Zone, No. 10 Finance Street, Daqing Longjiang Legend Computer Co., Ltd. 6,282,414 163,316. .


Heilongjiang Harbin Nangang district Nantong Street 258, 0451-82528639 Lenovo Group Harbin company 150001 Li Han Wei.


Harbin No. 19 West Da Zhi Street, Swallow Hotel, on the first floor 0451-3673541 Lenovo customer service center in Harbin 150006. .


Hubei Wuhan luoyu road, Hongshan district, Lee knife, station access: 027-87861415 Lenovo service center of Wuhan 430070.


Wuchang District, Wuhan, Hubei Province Luo Yu Road, Wuhan 027-87861270 81 Legend (Holdings) Li Qing 87883661 430079 Wuhan Branch. .


Hubei Wuhan Wuchang luoyu road, no. 87, Huitong building 7th floor, block a, 027-87647932 Wuhan high-tech company 430070 Lenovo Lenovo company central offices.


Xudong Lu, Wuchang District, Wuhan, Central China Power Finance No. 117, 12th floor, 027-86600188-8221 Lenovo (Wuhan) Co., Ltd. 430062 Yang 86739947. .


Hubei Yichang Pearl road, 11-107 Lenovo General Computer Corporation 0717-6770595 Mr.Liu yongzhong 443000.


Liberation Road, Changsha, Hunan, 136-138 0731-4436640 Legend Computer Co., Ltd., Shenzhen, Changsha, 410011 customer service department. .


Hunan Chenzhou Guiyang County Road, Chengguan town, 0735-4440143 Guiyang County schools 424400 Lenovo.


Changchun, Jilin, Changchun Co., Ltd. of Tokyo Lenovo Lenovo Electronic Technology Co., Ltd.. .


Jiangsu Huaian XI 27, 0517-3666956 Huaian Lenovo computer company 223001 fan fai.


Jianye District, Nanjing, Jiangsu, Amway House, Palace Avenue 115 side 025-4466994-192 Electronics Co., Ltd 210004 Nanjing New Lenovo Lenovo (Shanghai) Co., Ltd. Nanjing customer service center. .


, Jinchang district, Suzhou, Jiangsu Province, Suzhou new area, binhe road, Maple Street 6-8, 0512-65361369 65361369 Suzhou Lenovo Keri switch co., Ltd 215129.


Suzhou New District, Suzhou, Jiangsu Jin Chang Ma Bang Village, Maple Town, Legend Corey Switch Co., Ltd. Suzhou 0512-65361196 215011. .


Jiangsu Zhangjiagang city in Suzhou add:No.207 Ukrainian bride road 0512-65297277 Suzhou Lenovo computer co., Ltd. Zhangjiagang free trade zone new Lenovo 215006 e-commerce company 215000.


Wuxi Jiefang East Road 890-2 No. 0510-2828281 2828280 214000 Lenovo service Wuxi pits. .


Jiangsu Wuxi people East Road, Xishan 0510-2716744 Lenovo limited 214007 Shi route.


44 Middle Road, Yancheng, Jiangsu People's New Century Culture Legend Computer Co., Ltd. Yancheng City 0515-8306029 224001. .


Ganzhou, Jiangxi Shicheng County Lenovo computer co., Ltd., 0797-8898547 8898547 13232777545 341000.


No. 88 Beijing West Road, Nanchang, Jiangxi 9th Floor, Room 906-908 0791-6304726 Lenovo (Shenzhen) Electronics Co., Ltd. in Nanchang Office 6,266,662 6,251,885 Legend Electronics Co., Ltd. Nanchang Branch. .


Yingtan, Jiangxi road 6-4, 0701-6224937 Yingtan 335000 Lenovo computer equipment co., Ltd.


Anshan, Liaoning, China Metallurgical Lenovo Computer Limited. .


Liaoning Liaoyang Lenovo computer co., Ltd.


South Heping District, Shenyang, Liaoning Province 63 Sanhao Shing Technology Building seven 024-23969588-2101 or 2108 Lenovo (Shenyang) Co., Ltd. 23,969,600 110,003 Lenovo computer company offices in North China Liu. .


Yingkou xuefu road e-culture, foreign NET 1 Mall 0417-2830661 Yingkou Lenovo computer co., Ltd. zhanglan.


Juye County, Heze, Shandong Xinhua Road East 0530-8312093 Juye the southern section of the new Lenovo Lenovo Computer Limited 8,220,444 Juye Technology Co., Ltd. lenovo-jy @ 163. . Com. .


Shandong Jinan lixia district Jiefang road No. 84-1 6412819 Lenovo Service Center 6998538 Jinan.


Qingdao, Shandong, Shenyang No. 262 Weihai Road, Building 3, the middle of the middle branch network 0532-3023080 Qingdao Ltd 3,023,081 Lenovo Lenovo customer service center in Qingdao 83023082 Post code 266021. .


Lenovo computer co., Ltd. Shandong Rizhao.


State Road 76, Shandong Tengzhou No. 0632-5581366 good Tengzhou Lenovo computer company 277 500 Zhao Liang. .


Shandong Weifang kite flying road No. 754 0536-8227767 8227227 8219868 Weifang Lenovo computer co., Ltd. 261041 Sze.


355 South Road, Taiyuan, Shanxi Construction 0351-7580049 Lenovo customer service center in Taiyuan 030012. .


Xi'an Beilin district Taiyi southern section 1, no. 1, Lenovo, 4, 6, 18-029-88261188 Lenovo (Xi'an) co., Ltd. Xi'an 82256768 82256767 Lenovo, Lenovo computer companies Northwest Division Office 2229446 Chai-Peng 222775 zip code 5710054.


Shanghai Changning District, Pearl Building, Room 703, Watertown 201 103 Nan Luli Lenovo Computer Limited Shanghai Office. .


Shanghai changning district 600 tianshan road, lane 4, think of a mansion 24, 27, 28, 29, 30F/021-52896800 Lenovo (Shanghai) Electronics Co., Ltd. 52896200 Lenovo computer company East Office 52534500 Shanghai Lenovo Lenovo 52896308 digital co., Ltd. (Shanghai) co., Ltd. 200051 LIU Chuanzhi.


Quyang Road, Hongkou District, Shanghai 021-55560256 Lenovo 17 customer service centers, Hongkou District, Shanghai 200081. .


93 Huai Hai Zhong Road, Shanghai Times Square office building, room 021-2410 53827723 53827713 Lenovo venture capital co., Ltd. 200021 off-limits.


Shanghai Jinqiao Export Processing Zone, Pudong New Area 550 021-50504528-2682 Jinhai Road, Shanghai or Lenovo 2638 Li Zhiqiang Electronics Co., Ltd. 50,504,526 52,896,800 50,322,350 Secretary of the Xiao-yun Yang Jian-mei 201 206 200 233. .


Tao road, Shanghai, 696, Lenovo Zhangjiang new building 021-50504500-8269 Association Shanghai Co., Ltd Shanghai 201203 Lenovo 201206.


334 Military Road, Yangpu District, Shanghai No. 65431090-880 Lenovo Lenovo Shanghai Fisheries University, 200090, computer training center Cao River drainage. .


Sichuan Chengdu Jinjiang District, in the second paragraph of the letter from the building, 18-20-028-86200808-2775 Lenovo (Chengdu) co., Ltd. 610016 LIU Chuanzhi 86200810.


Chengdu Jinjiang District People's South Road was on the 3rd floor, building of new weather computer company Lenovo 028-85447485 Liu 5579888 610041 Southwest Office. .


Sichuan Chengdu new South swell village No.1 yahua, 028-5446437 Lenovo Service Center 610041 Chengdu.


Leshan, Sichuan Ebian County Street, No. 109, 0833-5226399 Ebian Lenovo Computer Limited 610 400 Xiaochun Ming. .


Altay, Xinjiang Urumqi road and Park 0991-8753318 Lenovo Lenovo Urumchi Xinjiang co., Ltd. electronic co., Ltd.: Zhou yuxing Qin and. ..


Ring East Road, Kunming, Yunnan Panlong 44 0871-3357708 Kunming Legend Computer Co., Ltd. Showroom 650 051. .


Yunnan Kunming re-designated Street 158, Yunnan Normal University building 0871-5394783 Lenovo Service Center 650031 Kunming.


241 South Road, Hangzhou 310005 Shen Hushu Tangqiao bus station near 0571-88391297 Lenovo (Shanghai) Co., Ltd. Hangzhou Technical Services 88,391,302 switch 2299. .


Wuyi County, Jinhua, Zhejiang rejuvenating Spa apartment underlying 7628788 Wuyi gold Lenovo Lenovo computer co., Ltd. 321200 Telecommunication Engineering Co., Ltd.


Centre for Higher Education Zone, Ningbo Yinzhou District, Ningbo Golden Legend Digital Longqiao 315 104 Limited 13805847160 LIN Ling. .


Zhejiang Ningbo huatai Street 92, 0574-87710989 Ningbo association with trade co., Ltd. order Zhao Huan 315041.


People in the town of Shaoxing, Zhejiang Xinchang Xinchang County Road 216 6,025,243 Legend Technology Development Co., Ltd. 312 500. .


Zhejiang wenling city Sanxing Avenue building A 801 room 0576-unit 6144389 wenling Lenovo Electronics Co., Ltd. electronic town, wenling 318000 1707-1712 # salesroom 6208598.


Town, Yuhuan County, Taizhou, Zhejiang industrial and commercial buildings on the ground floor 0576-7216753 Guangling Road, Lenovo Technology Co., Ltd. 317600 Yuhuan Qiao Xu love. .


Zhejiang Taizhou yuhuan yuxing Road East Bay first floor 0576-7227573 yuhuan Lenovo technology co., Ltd. 317600 Xu love glib.


Cangnan County, Wenzhou, Zhejiang Lingxi Yu Cang Road, Cangnan County, Lenovo 0577-64750614 745 Co. 325 800 Wang Huahai 64,700,311. .


Yueqing Zhejiang minfeng road, 0577-62575552 Yueqing Lenovo technology co., Ltd. 62580577 62580500 Li Jin-325600.


69 Changjiang Road, Yuzhong District, Chongqing Eling No. 023-69081138 Lenovo customer service center in Chongqing 400014. .


Lenovo computer co., Ltd., in Wuchang city.


Lenovo Computer Limited in Hong Kong. .


Beijing science consulting, real estate development co., Ltd.


Ot the United States set (Beijing) International Freight Forwarding Co., Ltd.. .


Zhiqin beauty set & logistics co., Ltd.


Shenzhen International Freight Co., ot. .


Shenzhen Zhiqin transportation co., Ltd.


Shenzhen Electronic Co., ot. .


Shanghai Zhiqin international freight forwarding co., Ltd.


Shanghai Logistics Co., Ltd. set ot the United States. .


Lenovo AsiaInfo Ltd. www. .lenovoAI. .com contact: Miss Sun.


Additional evidence has been sent to http://blog. . Chinaunix. .net/u/24547 / blog http://yuanruhui. . Cublog. . Cn / please to download. .


Lenovo Sun and rain company list.


Maanshan Tongji Garden Room on the 13th floor facade 0555-2257111 sun and rain information technology services (Beijing) Co., Ltd. Nanjing Service Centre, Ma On Shan Sub-station 2257399. .


Anhui Wuhu Aurora garden 6, no. 3, facade Lenovo service 0553-3870268 sunshine and rain information technology services (Beijing) co., Ltd. Nanjing Center Wuhu sub-station.


A Xibahe South Road, Chaoyang District, Beijing No. 1 Xin Tiandi Building Block B No. 010-64462766 103-104 sunlight and rain information technology services (Beijing) Co., Ltd. Technical Service Center. .


Haidian District, Beijing, dinghao electronic building No. 010 B-2-A001-82698062 sunshine and rain information technology services (Beijing) co., Ltd. third Service Center 82698063.


Miyun County, Beijing East Road, No. 169, the sun and rain 010-69070253 Information Technology Services (Beijing) Co., Ltd. Technical Service Center Miyun sub-station. .


Beijing Xicheng District yuetanbeixiaojie 4, 010-68059575 sunshine and rain information technology services (Beijing) co., Ltd second branch service center of the city.


Beijing Xuanwu Hospital, 41 South Commerce at the Bottom Line Club Shop 1-2, sun and rain 010-83547764 Information Technology Services (Beijing) Co., Ltd. The second service center 83551726. .


Guangdong Guangzhou Donghua road, yuexiu district 86-89, Lihua building,no.6 020-83853702 sunshine and rain information technology services (Beijing) co., Ltd. Guangzhou service 87375225 83859220 83859836 83858892.


The way forward, Bao'an District, Shenzhen, Guangdong, Taiwan, 104 Scenic shops 0755-29994949 sun and rain information technology services (Beijing) Co., Ltd. Bao'an Services. .


Guangdong Province Zhenhua road, Futian District, Shenzhen window room building a, 10A 0755-83281500 sunshine and rain information technology services (Beijing) co., Ltd. Shenzhen services.


Baoding, North Building North Avenue Xin Longwan D1-22 号 0312-5930162-8029 sun and rain information technology services (Beijing) Co., Ltd. Baoding Services 5,930,163 for the time being. .


On the solid South Avenue, Shijiazhuang, Hebei, 61 0311-85117333 sunshine and rain information technology services (Beijing) co., Ltd. Shijiazhuang services 85117222.


Agriculture Road, Zhengzhou Jinshui sun and rain, 66 information technology services 0371-65282360 (Beijing) Co., Ltd. Zhengzhou Services 63910195 6,391,148,765,282,382. .


Heilongjiang Harbin Nangang district tobacco Street 11, 0451-82762353 sunshine and rain information technology services (Beijing) co., Ltd. and Harbin Service Center.


Luo Yu Road, Wuhan Hong mountainous area in Hubei No. 188-8 laborers direction Zhuodao Quan stations and sunshine and rain out side 027-87876817 Information Technology Services (Beijing) Co., Ltd. Wuhan Service Center 83643312 8,786,676,187,879,398. .


Hunan Changsha construction Xiang road 163, us-wide business building, second floor, 0731-2811952 sunshine and rain information technology services (Beijing) co., Ltd. Changsha services 4436640 4436633.


Xiangtan, Hunan Yuhu Lake District village of Shaoshan Road Nursing 7, 39 facade 0732-8394915 sun and rain information technology services (Beijing) Co., Ltd. Changsha, Xiangtan Service sub-station. .


Hunan Zhuzhou Xiang jianshe Road seasons Garden Street 7, 0733-8288913 sunshine and rain information technology services (Beijing) co., Ltd. Changsha services Zhuzhou branch.


Nanjing Gaolou Men 025-83218701 sunlight and the dew layer of 45 information technology services (Beijing) Co., Ltd. Nanjing Service Center 83218706 8,321,870,883,218,716. .


Fushun city of Liaoning province xinfuqu and road, East 108, 0413-2337566 sunshine and rain information technology services (Beijing) co., Ltd. Shenyang service Fushun sub-station.


Baita District, Liaoyang, Liaoning Province to No. 48 West alley 0419-2136130 sun and rain information technology services (Beijing) Co., Ltd. Shenyang, Liaoyang Service sub-station. .


No.9, tuanjie road, shenhe district, Shenyang, Liaoning province Wang Yun temple road 024-22950561 sunshine and rain information technology services (Beijing) co., Ltd. Shenyang service 22952035 Lenovo Service Center 22950550 Shenyang.


Liaoning Tieling Silver Bronze Bell Street, District 4, State Committee of nine small Western 0410-7302718 sun and rain information technology services (Beijing) Co., Ltd. Shenyang Services Tieling sub-station. .


Shandong Jinan lixia district Minghu road daizong Street 4, Daming Lake is 100 metres on the South East 86421593 sunshine and rain information technology services (Beijing) co., Ltd. Service Center 86421587 86900064 Jinan.


Qingdao Economic and Technological Development Zone, No. 381 Wuyi Road, Sunshine and rain information technology services 0532-86976456 (Beijing) Co., Ltd. Qingdao, Qingdao Sub-station service center. .


Zhangqiu, Shandong Mingshui town road commercial 4 building 102 storefront 83220690 sunshine and rain information technology services (Beijing) co., Ltd. Service Center zhangqiu Jinan branch.


Shanxi Luliang Lishi City 1-2 South Avenue, on the 10th floor 0358-8292577 sun and rain information technology services (Beijing) Co., Ltd. Taiyuan Service Lishi sub-station. .


Shanxi Taiyuan Bridge Street East, qiaodong District No. 15, g zone, 3 4 floor, 0351-4637035 sunshine and rain information technology services (Beijing) co., Ltd. Taiyuan Service Center.


Xi'an Taiyi Lenovo building a layer of the southern section of the 1st sun and rain customer service department 029-82256706 Information Technology Services (Beijing) Co., Ltd. Xi'an Services 82229446 8,225,670,882,256,705. .


Fahuazhen road, changning district, Shanghai, 352 021-52581790 sunshine and rain information technology services (Beijing) co., Ltd. Shanghai service.


Shanghai Changning District No. 358 Fa Hua Zhen Road, Changning District, Shanghai 021-62838209 Lenovo Customer Service Centre 200 052 sunshine and rain information technology services (Beijing) Co., Ltd. Shanghai service 1. .


Shanghai Hongkou district hengye road, 401, 021-56984001 sunshine and rain information technology services (Beijing) co., Ltd. Shanghai service bipartite 56974754.


Yang High School Road, Pudong, Shanghai No. 021-58547570 268, 806 or 807 to switch the sun and rain Information Technology Services (Beijing) Co., Ltd. Shanghai service 3. .


Bazhong, Sichuan North Road section 292, 0827-5266664 sunshine and rain information technology services (Beijing) co., Ltd. China Service Center Pakistan sub-station.


Chengdu, Sichuan North Street on the 8th day of small bottom attached to Tianzhu Lai sun and rain 10-13 028-85588109 Information Technology Services (Beijing) Co., Ltd. Chengdu Service 8,557,193,985,576,567. .


Dazhou Sichuan province on the South side of A trade, 9/f, Beverly, County Court, opposite 0818-2681088 sunshine and rain information technology services (Beijing) co., Ltd. China Service Center, Minnesota sub-station.


South Loop Guang'an No. 0826-2345510 sun and rain, Lane 168-5 Information Technology Services (Beijing) Co., Ltd. of Nanchong Service Kwong sub-station. .


Iron Nanchong, Sichuan Road 286 0817-2317776 sunshine and rain information technology services (Beijing) co., Ltd. China Service Center.


Sui Zhou Zhong Road, Suining 116 11-1-7 sun and rain information technology services (Beijing) Co., Suining, Nanchong Service sub-station 0825-2260383. .


Yunnan Honghe Hani and Yi Autonomous Prefecture old shengli road 83, comprehensive building, no. 06-2187037 sunshine shop 0873 rain information technology services (Beijing) co., Ltd. Kunming service old sub-station.


Yunnan Yuxi Hongta 59 -3 Yu Hing sun and rain information technology services (Beijing) Co., Ltd. Kunming, Yuxi Service sub-station 0877-2011923. .


Jiulongpo district, Chongqing shiqiaopu road, West Asia Plaza 023-68793124 sunshine and rain information technology services (Beijing) co., Ltd. Zhongqingfuwuzhongxin 68793445 68793308.


Additional evidence has been sent to http://blog. . Chinaunix. .net/u1/33680 / blog http://mryuanruhui. . Cublog. . Cn / please to download. .


Because of the corrupt officials and corrupt elements using my name on the Internet website registered with false information published adverse and junk spam in an attempt to destroy himself and block I receive bonuses and to be able to receive additional evidence material free of charge, to continue to make money. So now solemnly declare: those supplementary evidence already uses several different security software-encryption, even if you got no decryption is useless, I never received any (including Beijing) sector replacement bonuses.


1,2005 in Shenzhen City, the National Tax Inspectorate investigated the Shenzhen Import and Export Co., Ltd. Legend issuing false VAT invoices, each of million of illegal profits, the actual charge VAT payments 5 million yuan * times = fine 25 million yuan, has not yet been paid bonus. .


2. I now seeks Nguyen Yu-fai, with Shenzhen City National Audit Bureau replacement prizes ($ 5 million * 5% to 10% = 10 million) because Shenzhen Association of import and export co., Ltd. is the Lenovo Group field (Guangdong Province) business branch.


Please read the details YORK http://home. . Q. . Yesky. .com/8899849 World Executive http://my. . Icxo. . Com /? Yuanruhui blog. .


In 2003, Guangzhou City Public Security Bureau investigation detachment under my Nguyen reported Letter Yu-fai of detection and the Guangzhou digital co., Ltd "Yang Bo's incident" involving proceeds of $ 3 million recovery, has not yet paid my Nguyen Yu-fai of bonuses, now require replacement of Guangzhou, Guangzhou City Public Security Bureau digital co., Ltd "Yang Bo's event" bonus.


Please read the details of the global online space http://cblog. . Chinadaily. . Com. .cn / port / yuanruhui / Beijing News http://blog. . Bjnews. . Com. . Cn /? 10704 blog. .


Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal information click on the document and then click open my documents after Lenovo digital download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.


Apple Digital trapped in the door, no more exposure management Buynow 11 14:58:27 2010 1 05 1 reporter Yang Anqi Beijing Business Practice. .


Recently, Beijing business daily reported "bainaohui of digital territory sales has not obtained the certification for smuggling the Apple iPad" news reporter Mr Angel detailed mining. Bainaohui Apple authorized shops that sell non-genuine Apple iPad, parallel imports, smuggling, contraband, such wording, and "digital" and "bainaohui" together.


Apple iPad not officially sold in the mainland, but there are a number of channels open to sell non-genuine iPad, including even individual Apple authorized reseller. .


According to Apple on 7 may announce a timetable of iPad global offering, may 28, iPad in Britain, France, Japan, 9 July iPad listing will be in Hong Kong, China, Singapore, and another nine national and regional offices. The launch plan does not reveal time-to-market in mainland China.


Yesterday, reporters saw the second floor outward bainaohui Computer City, a company called "Digital Harbor" Apple authorized distribution points specified in addition to public sales of Apple products in China, the same time, there are three other genuine non-genuine iPad products with the sales. Business store sales personnel, where sales of three iPad specifications 16G, 32G, 64G, the price was 4,900 yuan, 6,100 yuan and 7,100 yuan, but not issued the relevant invoices.When a reporter asked whether the warranty, sales personnel said that because Apple each product has a unique number, without the need to produce invoices, to make Apple store SanLiTun warranty.


In addition, reporters asked the sales staff of Digital China Hong Kong recognized iPad really belongs to private sales, as Apple has not made our country 3C certification, resulting in products can not enter the Mainland market, now can buy the products are non-genuine products, This is what we called "parallel imports", the data show, "Digital Harbor" is the Digital Consumer Division and Apple jointly run by the channel project. .


An anonymity of distributors that are currently on sale of non-genuine arrived from native American iPad mainland distributors generally go through 4 stages, the first American professional saohuo will sell specific build-up iPad shipper, the shipper will be followed by a large number of enclosures iPad set sold in Hong Kong, China, and finally by the Hong Kong Special channels are sold to the ultimate in Shenzhen, iPad appeared in cities like Beijing, Shanghai and other sales channels.


Does not come through normal channels, products, suspected of smuggling, for this problem, customs and business tax can be combined law enforcement. .


Because the iPad is not yet in the Chinese mainland, not obtained 3 c certification, and accreditation under the people's Republic of China (hereinafter referred to as the "regulations"), article 28 provides that: in order to protect national security, prevention of fraud, the protection of human health or safety, the protection of animal and plant life or health, the protection of the environment, the national provisions of the relevant products must be certified, should be certified and labeled the certification mark, marketed, sold, imported or used in other business activities. 67th article: List of products include, without certification, the factory without authorization, sale, import or use in other business activities, and ordered to make corrections and impose a 50,000 yuan fine of not less than 200,000 yuan, the illegal gains, confiscated. .


Reporter subsequently call the SanLiTun Apple stores, Apple store SanLiTun said, because the iPad products in the Chinese mainland listing date, price, warranty coverage, issues such as whether the global warranty has not yet been finalized, SanLiTun Apple store does not provide warranty related iPad. At the same time, the Apple store SanLiTun, bainaohui "digital" as Apple's authorized resellers, but should not have the sales qualification, sold by iPad iPad may obtain through other channels.


As a property management side, Beijing outward bainaohui staff expressed Digital illegal products sold in Hong Kong informed, but the attitude seems to understate, or surprising. For stores in a number of dealers selling non-genuine iPad, bainaohui the management officials said, iPad is rather special, because the product has not yet listed in China, so the warranty and other after-sale problems, consumers will bear part of the risk. According to reports, dealers usually shop for the iPad service warranty. .


Digital "@" is the digital consumer strategy group to this part of IT-oriented retail market retail storefront system. In its official website, there are several slogans, the so-called "peace of mind — more than 100 brands of national distributor, ensure that all new original mainstream", it's blowing through, at least parallel iPad is not part of the mainstream and genuine? still has a "rest assured — all products sold by the enjoyment of the services and manufacturers require entities storefront value-added services", because not every genuine, how can enjoy regular service?.


Digital China now claims more than 400 terminals have been expanded stores, lack of management of these shops or indulgence, will lead the brand was lost, Moreover, if involved in illegal, Digital China will bear no responsibility. Bainaohui venue in illegal sales of products is also bound to cause Buynow the indifferent consumer alert, the bainaohui this store shopping, what protection? And to spread out What's the difference? Reporter observed, for the pursuit of profit is not worth destroying the brand. .


IPad since 3 April in the US market, within 28 days of the sale amount reaches 100 million, compared to Apple's first iPhone 2007, 74 days to sell 100 million results and the huge market demand iPad. However, to date, iPad in areas outside the United States has not yet been officially on sale. This kind of market supply and demand, some dealers cannot loneliness, desperate resistance, through the introduction of iPad sales.


Compared with other distributors, Apple authorized resellers have more advantages. The banner of "authorization" of the cover, open the "warranty" of empty promises, the purpose is to make consumers pocket. It is understood, iPad 16G in the United States sell for 499 U.S. dollars, equivalent to about 3500 yuan RMB, while the authorization of non-genuine iPad 16G shop price 4900 yuan, higher than the U.S. price of 40% of the iPad. .


Chase profit is excessive, but only a means to understand business still not true businessman. Profits are often accompanied by high risks, sale of iPad behavior once exposed, "digital." lost may be more than just money and distributorships, a higher price in the industry and consumers in the heart of the brand image. Essence, the interests of the chain makes this session of the parties, contrary to the sordid state legal things, like digital and enhanced management bainaohui can repent and be saved, that can tear not written.


iPad sneak China, Digital China is facing three suspected of the crime, at least the following three main sectors can be investigated and dealt with according to law:. .


First, the General Administration of customs.


As we all know, Apple has not yet officially available in China iPad, Digital China Digital China to Hong Kong where its come iPad? If an individual from overseas into the door and private use is also justifiable, but the nature of such public sales profits on suspicion of smuggling the poor. .


Second, the administration of industry and commerce.


Apple iPad not made in China 3C certification, according to relevant laws and regulations are not public sales of electronic products, Digital China Digital China, Hong Kong's illegal sales, the business sector have the right according to law. .


Third, the Trademark Office.


Industry is well known, iPad trademark in China owned by Proview Technology (Shenzhen) Company Limited, before the two sides did not reach an agreement, Digital China Digital China, Hong Kong's gross sales in China of Apple iPad is clearly the trademark infringement. .


For more information please read the NetEase http://blog. .163. .com/liangyuansi @ 126/blog http://yuanruhui. .blog. .163. .com/.


HP 1.2 billion cash acquisition of Palm into the final winner Published: 2010. .04. .29 07:30 From: SAN on: Friends of the sub. .


【 News 】 ccidnet, 29 April, according to foreign media reports, Hewlett-Packard and Palm announced Wednesday that they have reached an agreement with HP to approximately 12 million cash acquisition of Palm.


Under the agreement, HP will be 5.70 U.S. dollars per share to buy Palm, the total amount of about 1.2 billion U.S. dollars, an all-cash transaction. Wednesday, Palm shares closed at 4.63 U.S. dollars, while the 52-week high as 18.09 U.S. dollars. .


Currently, the transaction would have been the two companies ' shareholders approval, is expected to be completed by the end of July this year. HP said that the transaction is completed, the current Chairman of the Board of Directors and Palm CEO Jon · Rubinstein (Jon Rubinstein) will remain in the company. Recently there was news that Palm will make significant reorganization in the near future, Rubinstein might leave.


12th of this month came the first news, Palm has hired Goldman Sachs and QatalystPartners as a consultant for its search for buyers. In subsequent reports, Lenovo, HTC, Huawei and ZTE has become a strong bidder for Palm, but eventually acquired by HP. .


For more information please read the enterprise nets http://yuanruhui. .blog. .bokee. .net Sohu http://yuanruhui. .blog. .sohu. .com's blog.




Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


Clean government.


Guangdong Province and Shenzhen City Tax Inspectorate of administrative law enforcement is not as, after the corruption within it was dereliction of duty fraud. .


1. on 29 August 2001, the Guangdong Provincial Public Security Bureau and then in the "Guangzhou daily" running against tax evasion and tax fraud publications.


2,2003 in March, I Ruanru Hui use real names, according to the Guangdong public through [2001] No. 214, the text, the first letter sent to report to the authorities (Guangdong Provincial Public Security Bureau and Local Taxation Bureau and the Internal Revenue Service, etc.) content is reported association Group operating subsidiaries of foreign suspected tax evasion and violation of labor law (not required for employees handling such issues as social security and housing fund) Guangdong Provincial Centre for Tax Inspectorate reports and Tax Inspection Board, Mr. Ronaldinho has confirmed receipt of 12 366. .


3, 2 November 2003, I reported for the second time you send a letter to the of the IRS Audit Bureau, Shenzhen is reported to the Lenovo Group field operations branch (including Shenzhen Lenovo Lenovo computer co., Ltd and Shenzhen Electronics Co., Ltd) was arrested for tax evasion and tax fraud, and other issues, Ms. zhangyongzhen has confirmed the receipt.


4,2003 11 19, I will report materials to the local taxation bureau of Guangdong Province taxpayer service center, receipt artificial Chen Hongxuan and Miss Lin Fenxiang, transmitted by inspection bureau in its reply has been referred to the Shenzhen Tax Inspection Bureau. .


20 November 2003, I will report the material to the Guangdong Provincial Public Security Bureau office visits, by transmitting them to the Corps for investigation.


November 26, 2003, I will be reporting materials to the Guangdong Provincial Centre for Tax Inspectorate report, Mr. Ronaldinho sign for people (when calling from a guard that) reply has been referred to the state tax inspection of Shenzhen Bureau. .


5. March 2004, a man (speaks Mandarin, unknown) professing the IRS Audit Bureau, Shenzhen is calling himself, said in his computer record is not found in the legend (Shen Zhen) Electronics Co., Ltd.


In April 6,2004, I visit the IRS Web site Shenzhen standings found in the Taxpayer Lenovo (Shenzhen) Electronics Co., Ltd.. .


7, 2004-June 5, I am in the Shenzhen Office in voice telephony system 123661 left three reports record query number 1693 and 1749 and 1783 password: 444444 and 555555 and 666666, content is reported, with Shenzhen Lenovo computer co., Ltd. and Lenovo (Shen Zhen) Electronics Co., Ltd. and the digital China (Shenzhen) co., Ltd. was arrested for tax evasion and tax fraud, etc..


8,2005 on March 29 15:15 PM in person to the National Tax Inspectorate Report of Guangdong Province "Legend" and "Digital China" in the company of Guangdong Province (including Shenzhen Co., Ltd. and Lenovo Lenovo and Digital China Shenzhen Electronics Co., Ltd. Shenzhen Co., Ltd.) from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) center was reported across the conference room is in a meeting, Wang Kechang also present, said: "Before 2000 the corporate income tax is Tax Inspection Board expropriation, the enterprise income tax after 2000 is the National Tax Inspectorate imposed "Mr. Ronaldinho corporate income tax is levied Guangdong Local Tax Inspection Board refused to report the ground material, had not yet occurred bonuses。.


9,2005 on the morning of April 15 received the Secretary of Guangdong Province on rent, to report in person, "Legend" and "Digital China" in the company of Guangdong Province (including Shenzhen Co., Ltd. and Lenovo Lenovo and Digital China Shenzhen Electronics Co., Ltd. Shenzhen Co., Ltd.) from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) to report material received after the inspection bureau asked me to re-write the letter report, the content can not be involved in Guangzhou and Huizhou City, the National Tax Inspectorate, as its non- power handling, and shows no right to manage the local taxation bureau of Guangdong Province, Shenzhen Local Inspectorate.At that time, I have already written in accordance with its requirements for a simple report to the reception of the tax inspection Bureau.


10,2005 on April 20, I made inquiries Shenzhen National Tax Inspectorate, Miss Lau has received replies Legend Computer Co., Ltd., Shenzhen, value-added tax payments several hundred thousand dollars, but only bonus RMB2000 yuan. .


11, at that time, I also by Shenzhen Bureau of voice telephone systems to report results, 123661 telephone recording "cases are being processed, not yet reported up" now records have been destroyed.


12,2005 on April 21, Guangdong Public Security Bureau in person to petition the office to report the "Legend" and "Digital China" in the company of Guangdong Province (including Shenzhen Co., Ltd. and Lenovo Lenovo and Digital China Shenzhen Electronics Co., Ltd. Shenzhen Co. company) from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) the receptionist said that the case should be transferred by the Tax Inspectorate to handle. .


13, 2005 19 may, in accordance with its requirements I again wrote a letter and fax it to the reporting of Guangdong local tax Bureau, Mr. has confirmed receipt of wonderful.


14,2005 on May 31, I will report complaints lodged with the IRS to monitor the room Dong Chen, Guangdong Province (the winter winds, winter), Mr., content in addition to requirements to solve money problems, also reported a "Legend" and "Digital China" Companies in Guangdong province (Shenzhen Co., Ltd. and Lenovo Lenovo and Digital China Shenzhen Electronics Co., Ltd. Shenzhen Co., Ltd.) from 1990 to 2003 suspected of tax evasion and other issues (no tax payable). .


15, CHAN Tung (Dongfeng East) in reply to Mr. were transmitted to the State Tax Inspection Bureau of Guangdong Province Wang Chief and Ms. Liao..


In accordance with the State Administration of Taxation, "to monitor the temporary tax provisions." .


Article 31 of the Tax Inspectorate investigated cases placing within six months after completion, have a specific reason to extend the period of investigation, but no later than one year. Superior tax watchdog action cases, cannot be settled, it shall justify the action body.


16,2005 on the morning of October 8, a women claiming to be "Guangdong Tax Inspectorate Miss Liao," call me twice to inform me to Shenzhen National Tax Inspectorate to receive bonuses, the first prize money is RMB50156 per second Award amount is RMB10156 yuan, managers are Miss Zhang Yongzhen. .


Question: why the bonus amount from $ RMB50156 drops $ RMB10156? according to the Shenzhen state tax cases of violating the provisional regulations on reward bonus ratio is 1 per cent calculated its actual receipt of VAT payment for $ 501 million or 101.


17,2005 on the morning of October 12, I arrived in Shenzhen National Tax Bureau of Building Inspection Room 2310, when the room is only Miss Zhang Yongzhen, are driving the computer and copier. .


18, Ms. reception I zhangyongzhen, pick up the phone and dial the number asked "Hey, get bonuses, 000?" and then drop the phone with my card to another Office, do not know how many servings, photocopying? back fill out bonuses, side, side himself said that "a third time, he said, is to find another available after." Then a young man (speaking in Mandarin, unknown) came in and asked to hear: "The 'Legend' that deal?" Miss Zhang Yongzhen A: "Yes" and then the man went to pick up the paper computer desk folder, said: "engage in a few million" after leaving office (during a show by a few computer keyboard, as the tax is really not known storage, may be misappropriated). .


Question: why Shenzhen IRS Audit Bureau, I arrive at the Casino is informally told I received millions of tax?.


19, afterwards, I made inquiries Shenzhen National Tax Inspectorate, Miss Liu insisted that only accept the more than 300,000 value-added tax payments. .


Question: why is the Shenzhen Bureau of internal revenue tax different?.


20 to "Guangdong Provincial Tax Inspectorate Miss Liao," reported the first prize money RMB50156 yuan, the Shenzhen National Tax Inspectorate is absolutely impossible for more than 30 million tax charge only, while I call the Guangdong Provincial Tax Inspectorate Miss Liao query, its denied ever calling me to inform me to collect money Shenzhen National Tax Inspectorate. .


Question: why does the IRS Audit Bureau, Shenzhen, China in April 2005 was only 30 million tax, to the September got millions?.


21,2005 11 months to March 2006, I repeatedly call the National Tax Inspection Council for the association of Shenzhen (Shenzhen) Electronics Co., Ltd., and Digital China (Shenzhen) Co., Ltd. investigation results, Ms. Liu and Ms. Zhang said that I did not receive submitted to the National Tax Inspection Bureau of Guangdong Province reported materials, chief Zhou (Chow) President claimed that there is no backlog, and the Guangdong Provincial Tax Inspectorate Wang Kechang reply has been referred to the state tax inspection of Shenzhen Bureau. .


Question: why does the IRS Audit Bureau, Shenzhen's reply and Inspection Bureau, Guangdong Province, the IRS does not match the answer?.


22,2006 on August 4, I in Shenzhen IRS Web site to report a complaint letter directly invested, the proposed petition serial number is 200 608 043 003 complaints. .


23, August 4, 2006, in Guangdong Province, the IRS Web site directly into complaint letter, reported receiving numbers 200608040003 complaint numbers 200608040002.


24,2006 on 25 September, the IRS Web site in Shenzhen, I once again put in to report complaints directly to the letter, petition and serial number to 200 609 253 001 200 609 253 000. .


25, 9 October 2006, in Guangdong Province, the IRS Web site once again direct inject complaint letter, reported receiving numbers 200610090003 complaint numbers 200610090001.


On 8 June 26,2007, the IRS Web site in Shenzhen, I once again put in to report complaints directly to the letter. .


Report the number of serial 200706081002 and 200706081003 and 200706081004 petition 200706083001 and 200706083000 FIFO.


27,2007 on June 29, I IRS Web site in Guangdong Province reported re-direct delivery letter of complaint, reported receiving number: JB200706290002 and: JB200706290003. .


28, 29 June 2007, in Guangdong local tax Bureau directly put again on the website of the complaint letter.


Reported receiving complaints received No. No. 200 706 290 001 200 706 290 002 Counseling for the check number is 1124057. .


29, 3 July 2007, at the Shenzhen Office once again put directly on the website of the complaint letter, and visits of the serial number is 200707033001.


30,2007 on July 3, I IRS Web site in Guangdong Province reported re-direct delivery letter of complaint. .


Consultation question admissible number ZX200707030024 password: 601593 recommendations accepted number JY200707030001 query.


On August 31,2007 to October, I made several inquiries Shenzhen National Tax Inspectorate Lenovo (Shenzhen) Electronics Co., Ltd., and Digital China (Shenzhen) Co., Ltd. investigation results, Mr. Chen was not given a reply Lenovo (Shenzhen) Electronics Co., Company tax and the Guangdong Provincial Tax Inspectorate submitted Digital (Shenzhen) Co., Ltd. written inspection report (does not specify the number of taxes collected) and asked me to go to listen to Chief and Secretary's explanation. .


32, I am including one call the IRS Audit Bureau, Shenzhen, came from the microphone for a period of slight strange dialogue, answering (drills, Mandarin, unknown) on another man said: "Lao with provincial Bureau of nominal told him to get a bonus of $ 40000 less, as a result of his province, to engage, Xiao Liu and ... He reports sent to the Prosecutor's Office ... Lao ... now he's asked how check?" another man (speaks Mandarin, unknown) for: "Let's talk carefully. "Implying that the National Tax Inspectorate Miss Zhang Yongzhen Shenzhen, Guangdong Province pretending Miss Liao National Tax Inspectorate to getting rewards, I notice less 40,000 yuan, What Why?..


IRS Audit Bureau, Shenzhen, China now has no zhangyongzhen ladies.


33,2007 on August 29, I personally went to the National Tax Inspection Bureau of Guangdong Province Wang Kechang time to listen to investigation reports. .


(1) of the IRS Audit Bureau, Shenzhen belongs to the State administration of taxation, tax Bureau, Guangdong Province, the IRS does not have permission to manage.


(2) Shenzhen National Tax Inspectorate received a Legend Computer Co., Ltd., Shenzhen, value-added tax payments more than 20 million dollars, according to terms of the proportion of 5% bonuses, Guangdong Province, the National Tax Inspectorate did not inform me to collect money. .


Question: to Shenzhen IRS Audit Bureau zhangyongzhen Lady for the first time the award amount is $ RMB50156 calculated its actual receipt of VAT payment to 101 million * five times = 505 million fine.


(3) Tax Inspection Bureau, Shenzhen, Guangdong Province, passed the National Tax Inspectorate reports have dealt with a complaint before the material of Digital China (Shenzhen) Co., Ltd., and I have nothing to do, it can not receive bonuses, but also does not specify how much tax is collected. Question: Why do my reports record voice calls will be lost without? . .


(4) of the IRS Audit Bureau, Guangdong Province, there is no Ms. Liu.


Question: Why Wang Kechang response and monitoring room Mr. Chen Dong of the consistent answer it? And I do have and the Guangdong Provincial Tax Inspectorate Miss Liao talked about phone. Again, I call the Tax Inspectorate of the Office of Guangdong Province, once again confirmed that indeed Miss Liao. Wang Kechang Why lie then? . .


34, I now suspect "legend" and "digital" arrested for bribery, Shenzhen City National Audit Bureau alleged misconduct by the corrupt bribes, after delete voice telephone system within the reporting record. 123661.


In February 35,2008, I call the center of Shenzhen Tax Inspection Board report query, answer man (speaking in Mandarin, unknown), said Bureau of Guangdong Local Tax Inspection Report Center is delivered in May 2004 I reported in November 2003 letter , while the other women (speaking in Mandarin, unknown) claimed that the National Tax Inspectorate investigated Shenzhen Shenzhen Import and Export Co., Ltd. Legend. .


36, 5 August 2008, Beijing Haidian District of the IRS Audit Bureau report Centre Mr. Yang said received reports content to associate with the import and export co., Ltd. VAT invoice for the annual profit of $ illegally.


Question: Haidian District Tax Inspectorate of reports received by the Centre to report the letter is sent to the person familiar with the case, because at that time as long as the replacement of Shenzhen National Tax Inspectorate ten million in prize money, I would give up the question of original sin tax association. .


37, August 2008, I call the IRS Audit Bureau, Shenzhen Center queries, including those operated by the man that the computer can't find Lenovo import and export co., Ltd. nor the record of the case.


Question: Why the Shenzhen Centre for Tax Inspectorate Report replies with the Shenzhen Centre for Tax Inspection Board reported inconsistencies do? Import and Export Co., Ltd. Shenzhen Lenovo 2005 really was the Shenzhen National Tax Inspectorate dealt with a case of issuing false VAT invoices. .


38, September 2009, the two ladies (speaks Mandarin, unknown) professing Inspection Bureau of Shenzhen local reply to my reporting centre, since this is tax case, tax inspection, investigation, you should consult the IRS Audit Bureau obtain bonuses, but I was also to national tax and land tax inspection bureau reporting centres in the reporting material, and I was told to investigate local tax inspection Bureau, let it touch the results of the State tax inspection Council tax, it should also be paid for my winnings.


39, I suspect the Guangdong Province and Shenzhen City, was both within the Tax Inspectorate to report material gain the benefits of using post-shield "Legend" and "Digital China" to conceal its inspection of the Shenzhen "Legend" and "Digital China" 10 years of accounts, the actual VAT payments received five million yuan * times = fine 25 million yuan of the investigation results, they eat my money deducted (to not provide clues I did not receive reports or materials to the bonus for the Clinton-Schumer Amendment grounds) may be "Legend" and "Digital China" is behind, its purpose is to evade legal sanctions and retaliate against me and forced me to work for lower. .


39, I now suspect that Shenzhen City National Audit Bureau attempts to adopt the "hit dead bargain" strategy, if I went to Shenzhen City National Inspection Bureau, and does not resolve the problem, then the bonus even travelling expenses or losses down.


40, I hereby request a replacement Shenzhen National Tax Inspectorate money (5 million yuan * 5-10% = 10 million) for the Import and Export Co., Ltd. Shenzhen Lenovo Lenovo is also the field (in Guangdong province) operating subsidiary. I hereby request the Shenzhen Municipal Local Tax Inspection Bureau of the standard replacement prize. .


For more information please read Baidu space http://hi. .baidu. .com/yuanruhui blog http://hi. .baidu. .com/mryuanruhui.

Clean. .


Huizhou city of Guangdong Province and and the IRS Audit Bureau Huiyang district administrative omission alleged internal corruption corrupt after malfeasance.


1,2001 on August 29, the Guangdong Provincial Public Security Bureau and Local Taxation Bureau in the "Guangzhou Daily" issued a document to crack down on tax evasion. .


2. March 2003, I use Nguyen Yu-fai, real name, according to the words of Guangdong Gongtong [2001], no. 214, the first time you send a report to the relevant departments (Guangdong local tax Bureau and State administration of taxation and etc.) content is reported to the Lenovo Group field operations branch was arrested for tax evasion and tax fraud and violations of labour law (not complying with the provisions for staff in social security and housing Provident Fund and other issues), Guangdong Province, the IRS Audit Bureau report centre of Ronaldinho and land tax inspection Bureau 12366 has acknowledged receipt.


3,2003 Nov. 19, I will be reporting materials to the local taxation bureau of Guangdong Province taxpayer service center, the content is reported, "Huizhou Legend" suspected of tax evasion, sign people Chenhong Xuan and Miss Lin Fenxiang, for transmission to handle inspection bureau , the answer is already referred to the Huizhou and Huiyang Tax Inspection Bureau. .


20 November 2003, I will report the material to the Guangdong Provincial Public Security Bureau office visits, by transmitting them to the Corps for investigation.


November 26, 2003, I will be reporting materials to the Guangdong Provincial Centre for Tax Inspectorate report, Mr. Ronaldinho sign for people (when calling from a guard that) reply has been referred to the Huizhou and Huiyang Tax Inspection Bureau. .


4. August 2004, I call the Guangdong local tax audit Bureau report Centre enquiries, the answer is in Guangdong local tax inspection Huiyang District Council has received the original Huiyang Lenovo computer co., Ltd. (now kediya electronic technology co., Ltd, Huizhou) taxes and fines and totals $ 12 million.


On August 5,2004, Huiyang District Huizhou, Guangdong Local Tax Inspection Board Guo-Jun Liu (Jun) I receive prize notification RMB10312 Mr. Yuan, managers are reporting center Zhou Yuying (Zou Yuying) President. .


6, I arrive at the rent check Huiyang District Council to receive bonuses, Yu Ying (Zhou Yu-Ying) ladies put my ID card copy two, and that there is no taxation in Huiyang. I stood outside the Office, the Office of which has been heard and Director Yang Yu Ying Peron (Zhou Yu-Ying) ladies talk. Zhou Yu-Ying (Zhou Yuying) said: "the IRS saying is Let's put the money to him, and then she (he) are then transferred the money. "Mr Director asked:" Liu Guo-Jun (Jun) and IRS conspiracy? "Zhou Yu-Ying (Zhou Yuying) lady replied:" string. "(That is, 17% VAT Tax payments * 7% = rent urban construction tax, state tax of 17% value-added tax payments * 3% = rent extra charges for education. Huiyang Income Tax Inspectorate of the Treasury should be value-added tax payment of about 60 to 1,200,000 yuan, I can receive bonus of about 60 to 1,200,000 * 5-10% = 3 to 100,000 yuan..


7, September 2004 to December 2004, I have five times by calling the IRS audit Huiyang district Advisory Council.


When the first call, then call men (speaking in Mandarin, unknown), said, "Lenovo" computer problem, can not bring up old scores, saying the case for the Miss Wang. .


The second call, Ms. Wang, also known as the "legend" of the computer, you cannot bring up my scores and requirements to re-introduce all relevant written information.


When the third call, Ms. Wang asked me to provide customer name (which I have to do so). .


The fourth call, request I provide Ms Wang "Lenovo" accounting information (this point I have to do so).


When the fifth call, Ms. Wang said that in 2001 the National Tax Inspectorate Huiyang District has received reports of other people have been on the "Legend" to punishment, I am only a secondary role in the reporting material, it can not receive bonuses; adding Huiyang rent Inspection Bureau to pay bonuses and District Tax Inspectorate Huiyang nothing to do with the matter in Huizhou City Tax Inspectorate has informed. Question: Why Ms. Wang Huiyang Tax Inspectorate of consistency? . .


8, I have been a few times to call the Huizhou City National Audit Bureau query, the answer is: the IRS Audit Bureau Huiyang district has not yet been submitted and the results have been investigated and dealt with the "Association" arrested for tax violations. Question: why Huizhou City National Audit Bureau response and state tax inspection Huiyang District Council's answer?.


9,2005 on March 29 15:15 PM in person to the National Tax Inspection Bureau of Guangdong Province reported, "Huizhou Legend" from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) at the conference room across from the Report Centre is in a meeting, Wang Kechang also present, said: "Before 2000 the corporate income tax is levied Tax Inspection Board, since 2000 the corporate income tax is levied Tax Inspectorate," Mr. Ronaldinho corporate income tax is levied Guangdong Local Tax Inspection Bureau of the ground refused to report material. .


10, 15 April 2005 Guangdong local tax Bureau long morning reception day, I went to report "Huizhou Lenovo" from 1990 to 2003 period were arrested for tax evasion and tax fraud, and other issues (no tax) audit fees to report material requirements I write again after reports that the content is not involved in Huizhou City National Audit Bureau, since it has no power to deal with. At that time, I have already written in accordance with its requirements for a simple report to the reception of the tax inspection Bureau.


11,2005 on April 21, Guangdong Public Security Bureau in person to petition the office to report "Huizhou Legend" from 1990 to 2003 suspected of tax evasion and other issues (no tax payable) the receptionist said that the case to the Tax Inspectorate the transfer to go through. .


12, 2005 19 may, in accordance with its requirements I again wrote a letter and fax it to the reporting of Guangdong local tax Bureau, Mr. has confirmed receipt of wonderful.


13,2005 on May 31, I will report complaints lodged with the IRS to monitor the room Dong Chen, Guangdong Province (the winter winds, winter), Mr., content in addition to requirements to solve money problems, also reported the "Huizhou Legend" from 1990 to 2003 suspected of tax evasion and other issues (no tax payable). .


14, CHAN Tung (Dongfeng East) in reply to Mr. were transmitted to the State Tax Inspection Bureau of Guangdong Province Wang Chief and Ms. Liao..


In accordance with the State Administration of Taxation, "to monitor the temporary tax provisions." .


Article 31 of the Tax Inspectorate investigated cases placing within six months after completion, have a specific reason to extend the period of investigation, but no later than one year. Superior tax watchdog action cases, cannot be settled, it shall justify the action body.


On December 15,2005 to March 2006, I call several times in Huizhou and Huiyang Tax Inspectorate inquiry. .


(1) of the IRS Audit Bureau Huiyang Ms. Wang: Huiyang IRS Audit Bureau has not yet been investigated and dealt with the "Association" arrested for tax violations, and that the IRS Audit Bureau in Huizhou. Question: why should I wait until I submitted the complaint material in Guangdong Province Bureau monitoring room until after Mr. Chen winter changed answered?.


(2) The director of Huizhou Tax Inspectorate (responsible person) Ms Wong reply: Huiyang District Tax Inspectorate investigation had not yet submitted the results, not yet investigated "Lenovo" alleged tax offenses. .


16, but one time I call the IRS Audit Bureau in Huizhou, came from the microphone for a period of slight strange dialogue:.


Responsible for answering the President (speaking in Mandarin, unknown) put down the microphone "dong" bang, another man asked: "informer asked the 'Legend' results for that case how doing?" Another man (speaking in Mandarin, I do not know name) A: "That case is not end it?" Ms. responsible for answering the question: "Do not know, that bonus?" another man replied: "first pulled it." lady then responsible for answering back, I: "Huiyang District Tax Inspectorate investigation has not yet heard the results." .


17, June 2006, I call the IRS Audit Bureau, Guangdong Province, the Chief of the King replied: it does not require the inspection of Huizhou City National Council response to provincial Council, let myself voluntarily identify Huizhou City National Audit Bureau to address this issue.


18,2007 on June 29, I IRS Web site in Guangdong Province reported re-direct delivery letter of complaint, reports received and the number is JB200706290002 JB200706290003. .


19, 29 June 2007, in Guangdong local tax Bureau directly put again on the website of the complaint letter.


Reported receiving complaints received No. No. 200 706 290 001 200 706 290 002 Counseling for the check number is 1124057. .


20, 3 July 2007, the IRS in Guangdong province once again put directly on the website of the complaint letter.


Counseling query number ZX200707030024 password is accepted the proposed issue of 601,593 inquiries received number JY200707030001. .


21, 3 July 2007, the IRS in Huizhou city once again put directly on the website of the complaint letter.


Report No. JB200707030003 and JB200707030004 accepted and JB200707030005 also JB200707030006. .


22, August 29, 2007, I went to the IRS Audit Bureau, Guangdong Province, the Chief of the King: a ever push changes back several times, waiting for their written inspection report.


On October 23,2007, I made inquiries, Huizhou City Tax Inspectorate, the Director (Leader) Ms Wong reply: in September 2007 has submitted a written investigation report to the National Tax Inspection Bureau of Guangdong Province, do not charge VAT, corporate income tax by the provincial Board decisions. .


Question: why Huizhou City National Audit Bureau replies and Inspection Bureau, Huiyang district rent different?.


On October 24,2007, I made inquiries Huiyang District Tax Inspectorate, to answer men (speaking in Mandarin, unknown) that have not yet investigated "Lenovo" alleged tax offenses. Question: Why Huizhou City of Guangdong Province and the National Tax Inspectorate of the recovery and Huiyang District Tax Inspectorate of the response is inconsistent? . .


25, October 2007, I call the IRS Audit Bureau, Guangdong Province, the Chief of the King replied: no charge sales tax, corporate income tax rent Inspection Bureau is. ..


Question: Why the story was inconsistent? . .


26, October 2007, I call the Guangdong local tax Bureau query answering inspection men (Cantonese, unknown) that belong to the "legend" Sino-foreign joint ventures, corporate income tax, tax inspection authority belongs. Question: why is Audit Bureau, Guangdong Province, national tax and land tax inspection of the reply, reply to inconsistent?.


27, I suspect the "Legend" suspected of bribery, so of Huizhou City, Guangdong Province and Huiyang District Tax Inspectorate and the internal corruption after it was suspected of dereliction of duty, fraud, both the opportunity to gain the benefits of using a report after the shielding materials, "Lenovo", then eat my deductions bonus, or to not charge VAT to the prize money for the Clinton-Schumer Amendment grounds, may be "Legend" is behind, its purpose is to evade legal sanctions and retaliate against me and forced me to work for lower. .


28, I hereby request and Huizhou of Guangdong Province and state tax inspection Huiyang District Council in accordance with the standard reissue bonus.


29, I hereby request and Huizhou, Guangdong Province and Huiyang District Tax Inspection Board in accordance with standard replacement prize. .


30, July 4, 2009, Saturday noon, Huizhou City Public Security Bureau police Taowei sea (already present) and two strange men arrived at Guangzhou about himself to the junction of Dragon restaurant package room consumption dinner (a Mei, a shellfish, a rape, a hot pot soup bowl of steamed rice and four, four packs of cigarettes, Furong Wang together 280).


31, Huizhou police Tao Weihai Municipal Public Security Bureau said that two strange men's Procuratorate staff (not to produce documents) to verify the content of the conversation was to investigate "Huizhou Legend" suspected of tax evasion and other issues, I have been told they have evidence of transmission network exposure. .


32, then one of the stranger was renamed himself is a businessman, and another stranger's staff is his friend, because you need to do business with Lenovo, ready to sign a long-term contract, willing to give himself a sum of money on the condition that the requirements to report suspected associating himself no longer tax evasion and tax fraud, and the signing of the bond.


33, then made Huizhou Municipal Public Security Bureau police Tao Weihai simply do not report Digital China to avoid future trouble. .


34, at that time, I offer is $ (this is the tax inspection Bureau of prize money, the money enough to let me back 15 years after retirement, social security costs, but its collection was trying not to give bonus laizhang) because I have no money, and a pair of three, if they refuse to settle and went away, that I suffer, so the "odds" had no choice but to temporarily verbal their conditions, before reporting and exposure.


35, a businessman who renamed themselves the strange man said, need to consult with Chairman, Guangzhou reply within a month I come back, choose the time on a Saturday and Sunday (Guangzhou Municipal Commission for Discipline Inspection to monitor the public security organs rest days) and asked me not to matter information to others. .


36, because I suspected this is corrupt officials and corrupt trap, the aim is to obtain additional evidence material free of charge, to continue to make money, so in 2009, July 8 the report to the relevant law enforcement authorities (Guangzhou City, Guangdong Province and the central authorities, Guangzhou City, Guangdong Province, the public prosecutor's Office and the Central, Guangzhou City, Guangdong Province and the Central Commission for discipline inspection supervision departments) even if they go to Guangzhou, also does not take that $ and not signed guarantee and hit 110.


37,2009 on the morning of Saturday, July 18, Huizhou City Public Security Bureau police Tao Weihai calls that they are businessmen who renamed the strange man is Zhang (Zhang) manager, refused to divulge the company name, they have signed a contract and Lenovo After discussion it was decided out of 50,000 yuan, on condition that I no longer required to report suspected Lenovo tax evasion problem, as Digital Rights on the matter. .


38, 2009/July 18, Saturday afternoon, Huizhou City Public Security Bureau police Taowei Sea also call said they also agreed that the cash is required I no longer reporting suspected associating and digital tax evasion and tax fraud.


39,2009 on the morning of Tuesday, July 21, Huizhou City Public Security Bureau police Tao Weihai calls again say that Zhang (Zhang) manager on a business trip, so come back later and chairman of its share of an agreement to discuss the issue with. .


40, July 23, 2009 Thursday afternoon, Huizhou City Public Security Bureau police Taowei Sea also calls on behalf of the readiness to determine them out, I no longer is required to report suspected associating and digital tax evasion and tax fraud. If I do not promise that the sheet (chapter), the Manager will also find the people to engage me. I tell them that this matter has already been reported on the relevant law enforcement authorities (Guangdong Province and the Central Police Department, the Guangdong Provincial Prosecutor's Office and the Central Committee of Guangdong Province and the Central Commission for discipline inspection supervision departments) as to whether to investigate, and I had nothing to do with this subject, do not talk about it.


41,2009 on July 24 at noon on Friday, Huizhou City Public Security Bureau police Tao Weihai has been confirmed once again called to say the seven million, I again told them that the matter has been reported on the law enforcement agencies, that money I will not. .


42, 2009-July 24, Friday afternoon, Huizhou City Public Security Bureau police Taowei sea and a strange man (claimed to be the driver, not the last time the "Prosecutor's Office staff," Zhang chapter Manager does not appear) came to my door. Because I can hit 110 alarm, so I closed the gates to tell them what you need to talk to the local public security Department must pass, don't talk about it, and then they leave. Because I already had the reports sent to Guangzhou City Public Security Bureau, if they really went to local police departments, that is, the lion's den.


Please read the details of Sina http://blog. . Sina. . Com. .cn / yuanruhui blog http://blog. . Sina. . Com. .cn / mryuanruhui. .

Clean.


Guangdong Province and Guangzhou City and the Eastern District Tax Inspectorate of administrative law enforcement is not as, after the corruption within it was dereliction of duty fraud. .


1. on 29 August 2001, the Guangdong Provincial Public Security Bureau and then in the "Guangzhou daily" running against tax evasion and tax fraud publications.


2、2003年3月，本人阮汝辉使用真实姓名，按照粤公通字［2001］214号文，第一次发送举报信给有关部门（广东省公安厅和广州市公安局长信箱、广东省地税局和国税局等）内容是举报联想集团外地经营分公司（包括广州神州数码有限公司）涉嫌偷税、漏税和违反劳动法（不按规定替员工办理社保和住房公积金等问题）广东省国税稽查局举报中心小罗先生和地税稽查局12366及广州市国税稽查局举报中心雷女士（2005年11月4日，本人致电查询时得知，由省局传下去的，没有输入电脑）还有公安局长信箱已确认收到。.


Question: Why, after I sent the letter to report, Digital China Co. Ltd. "Bo" incident became public? . .


3, 14 April 2003, Guangzhou Office issued combat tax evasion and tax fraud.


4,2003 on April 15 to May 7, the second time I send a report on its Web site a letter and simultaneously sent to the relevant departments. .


5. May 2003, Guangzhou City National Audit Office report Centre Ms. Zhang (chapter) (Cantonese, unknown) call to acknowledge receipt of the request I put in the summary report again after the problem. Question: why Ms. Zhang (chapter) just received my 15 April to 7 may report?..


In early June 6,2003 "61" on its Web site the third time I have summed up the report sent a letter and simultaneously sent to the relevant departments. .


Question: why Ms. Zhang (chapter) insists not received in early June I "," sent reports?.


7,2003 on April 10 -6 10, Guangzhou Shenzhou Digital Co., Ltd. "Bo" incident became public. .


Yang Bo's original digital China South China Guangdong Guangzhou company sales manager, in collusion with the suppliers to raise prices to reap gains (making VAT VAT increase) using distribution pricing power, and external agents colluded to price products, sell digital products (the VAT sales tax reductions), such as printers, scanners, plotters, fax machines, computers, mobile phones, leading company profits, loss of 300 million to 600 million, and the fiscal year the company's overall gross margin is 1300 million. Reportedly, Yang Bo's had been apprehended after convicted, has recovered some money involved.


Question: In 2001, why Mr. Tony Tung Digital Co., Ltd. and Guangzhou, and not in accordance with the August 29 "Guangzhou Daily" Cantonese Kung Tong [2001] No. 214, the text gave himself up. In accordance with the April 14, 2003, Guangzhou, the IRS issued a document:. .


Guangzhou IRS income tax payments should the State Treasury is approximately 300 million * VAT rate of 17 per cent = 51 million.


Guangzhou Local Taxation Bureau to be urban construction tax and education surtax treasury income of about 510 000 * (7% +3%) ratio = 50,000 yuan. .


Guangzhou City intermediate people's Court to a fine of approximately (51 million + 5 000) * 5 times = 280 million.


I can receive bonuses (51 +5) 10 000 * 5-10% = 3 to 60,000 yuan. .


8. August 2003, at that time, I do not know the "Yang Bo's event" call the Guangzhou City National Audit Office report Centre enquiries, Ray (speaks Mandarin, unknown) about electricity, replies: PC does not have any complaints, found materials, materials for reporting back.


Question: Why National Tax Inspectorate report Guangzhou center computer can not find me in the April 15 launch to early June report by the letter? . .


9, 19 August 2003, the "digital" to Mr. Kuo, Chief Executive of the EMAIL to the email address of each employee, Yang Bo's incident, "Recognizing".


On October 10,2003, "Yang Bo incident" was made public, I sent the fourth report in a letter on its Web site, and simultaneously sent to the relevant departments. .


11, Guangzhou City National Audit Office report Centre Ms. Zhang (chapter), submit a written request to report material I, its just received my 15 April to 7 may report letter adhere to claims not received in early June I "," the release of report material and not answering my phone in August, and that I have the wrong telephone number. Question: why Ms. Zhang (chapter) of the reply and reply to Ms. inconsistent?.


12,2003 on the afternoon of October 27, I personally will be "98 units of Lenovo Group, the Financial Regulations other ports operation" and a set of documents (stamped with official seal) to submit copies of the National Tax Inspectorate report center, sign people Huangwan Wen (Wang Yuan-Wen) ( September 30, 2005 telephone inquiries, was informed that the Cantonese-speaking, bar-tailed). .


13, 27 October 2003 in the afternoon, I just submitted a written material in Guangzhou City National Audit Office report centre back home. In my many years of junior high school students visits, claiming to be the family suddenly returned overseas Chinese, traveller's cheques cannot be cashed and cannot be accommodated in hotels, hoping to stay in my home (at the end of October 2003 to the end of November and from) and expressed its willingness to give my business (piracy) profits equally, but due to my music without success, "which has such a big frog as".


Question: Why, I just had to submit written reports Guangzhou Centre for Huang Wanwen Tax Inspectorate (Wang Yuan Man), Miss, I have not seen for middle school students to lure me on the sale of pirated optical discs? . .


14, 5 November 2003, I will report material to Guangzhou Municipal taxpayer Service Center, Ms. receiver??s why xiaomin, has been referred to the Guangzhou office rent check.


November 19, 2003, I will be reporting materials to the local taxation bureau of Guangdong Province taxpayer service center, receipt artificial Chen Hongxuan and Miss Lin Fenxiang. .


20 November 2003, I will report the material to the Guangdong Provincial Public Security Bureau office visits, by transmitting them to the Corps for investigation.


November 26, 2003, I will be reporting materials to the Guangdong Provincial Centre for Tax Inspectorate report, Mr. Ronaldinho sign for people (when calling from a guard that). .


15. March 2004, I call the IRS reporting centre, Guangzhou City, Guangdong Province, Huang Miss Helen (Wang Yuan Wen) power, Miss: temporarily not find any problem, temporarily closed and inadvertently disclosed its only auditing practices not chadan (known as the relevant documents of the company is a commercial secret) asked me once again submitting written materials.


16, when the Guangzhou Local Tax Inspection Board for the National Tax Inspectorate answer is no investigation results, it can not investigate the case. .


17. March 2004, a man (Cantonese, unknown) professing is Guangzhou Police Bureau call himself: "where the amount involved in tax cases need to reach 30 million Yuan, is handed over to the courts and their treatment by the Inland Revenue Department. ”。.


Question: "Yang Bo incident" involving more than the standard tax, is it pretending to Guangzhou Municipal Public Security Bureau who would dare to reply to my error. .


18, 2004 17 April afternoon, Guangzhou digital co., Ltd. held the General Assembly, in its summary report also recognizes the "Yang Bo's events".


19,2004 on the afternoon of September 23, I personally went to the National Tax Inspectorate cases Guangzhou Branch inquiry, received artificial Zhang Guo-Ling (Ling Zhang States) President (when calling from a guard that) it once again asked me to submit all relevant written materials and shut up "Yang Bo incident." .


20. December 2004, I call the Guangzhou City National Audit Office report Centre query "Yang Bo's incident," Mr. Miranda-Ling (chapter State spirit) said that the case has been referred to the Audit Board for the Eastern District of the IRS. I call the Guangzhou Eastern IRS Audit Bureau, responsible for power (Cantonese, unknown) answer is: no problem, and that Guangzhou digital co., Ltd. on the sale of goods account reserves and bad debt reserve all in after-tax impairment, and requires the submission of all relevant I written material. According to my knowledge, the main points in June 2001 after the implementation of the new accounting system allows, but I submit that "other ports operation unit 98 Lenovo Group Financial Regulations." .


21, 29 March 2005, 15: 15 with personally to the IRS Audit Bureau, Guangdong Province, Guangzhou digital co., Ltd. reports from 1990 to 2003 period were arrested for tax evasion and avoidance, and search for "event" at that time, Yang Bo's reporting Center is in a meeting of the Conference room opposite, the Chief of the King was present, said: "by the year 2000 the enterprise income tax rent Inspection Bureau levy is, beyond the year 2000 the enterprise income tax levied on the IRS Audit Bureau is part of the" Ronaldinho, Mr. enterprise income tax is a tax inspection Bureau, Guangdong Province, on the grounds of rejection reports collected materials.


In accordance with the statement of Mr. Ronaldinho and August 29, 2001, "Guangzhou Daily" Cantonese Kung Tong [2001] 214 Man:. .


Guangzhou Municipal income Treasury enterprise income tax should be around 3 million * income tax rate of 25% = 75 million.


Guangzhou Intermediate People's Court to impose fines up to about 750 000 * 5-fold = 3.75 million yuan. .


I can receive bonus is 75 million * 5% to 10% = $ 4-8.


Question: Why National Tax Inspectorate Ronaldinho Guangdong Province and Guangzhou Local Taxation Bureau Mr. statement return inconsistent monitoring room then? . .


22, 15 April 2005 Guangdong local tax Bureau long morning reception day, I went to report to the Guangzhou digital co., Ltd. from 1990 to 2003 period were arrested for tax evasion and tax fraud, and other issues (no tax) and search for "Yang Bo's event" inspection fees to report material requirements I write again after reports that the content is not related to Guangzhou City National Audit Bureau, since it has no power to deal with. The "Yang Bo's event" is the Guangdong Provincial Public Security Bureau, detection and did not state where the tax? I have been in accordance with the requirements of the handwriting with a simple report to the reception of the tax inspection Bureau.


23,2005 on April 21, Guangdong Public Security Bureau in person to petition the office to report Digital China Co., Ltd. from 1990 to 2003 suspected of tax evasion and other questions and inquiries, "Yang Bo incident," the receptionist said the tax case to the Transfer Tax Audit Bureau to handle, and "Yang Bo incident" I need to provide witnesses and bonuses based on total. .


24, 2005, at the end of April on the eve of "labor", a lady (Cantonese, unknown) professing is Guangzhou Eastern State Tax Inspection Bureau call himself, query Guangzhou digital co., Ltd taxations, accidentally say did not receive my submitted to Guangzhou City National Audit Bureau Yuen Wong (Wang Yuan Wen) Miss that documents (affixed with the seal), I have to mention the "Yang Bo's events".


25,2005 on May 19, in accordance with their requirements, I wrote again to report the letter and fax it to the Tax Inspection Bureau of Guangdong Province, Mr. Hu has confirmed receipt of small. .


26, on 31 May 2005, I will submit the complaint material State supervision of Guangdong Province, Chen Dong (winter wind in winter), in addition to addressing the bonus issue, it is also reported to have Guangzhou digital co., Ltd. and the digital Xinlong technology from 1990 to 2003 period were arrested for tax evasion and tax fraud, etc..


27, Chen Dong (east of the East) President's reply was handed the National Tax Inspection Bureau of Guangdong Province and Miss Liao Wang Kechang handle. .


In accordance with the State tax inspection regulations.


第三十一条 tax regulators to initiate an investigation of the case should be closed within six months after placing, handling cases for special reasons to extend the period required, not later than one year. Higher tax cases assigned to monitor the agency, not on track to close the case should be assigned by the agency to justify. .


28, 25 August 2005, the Guangdong Provincial Public Security Bureau "big" hospitality, letters, I went to search for "Yang Bo's event," after filling, opts: referred to the Guangzhou City Public Security Bureau to handle.


29,2005 on September 30, I call the Guangzhou City Center Tax Inspectorate report, Miss Lei electrical connection reply: 2003 April 15 to May 7, Digital China Ltd., Guangzhou City, "Yang Bo incident" has been accurately reported the tax, but can not receive bonuses, still insist on investigations, no problem. .


Question: now that you have to pay taxes, why do you require my summary of report material after investing again?.


30,2005 on November 4th, I call the Internal Revenue Service audit reporting center in Guangzhou, Miss Lei electrical connection reply: "Yang Bo incident" involved in illicit money confiscated by the recovery of the amount of tax is not included by the Internal Revenue Service to collect, so I left and went to court Query judgments and fines. .


31, January 2006, I call the Guangzhou City Public Security Bureau, p.o. box line length: this case by the State directly transferred to the Court, are not transferred to the public.


32,2006 on February 22, I call the Guangzhou City Center Tax Inspectorate report, Miss Lei electrical connection reply: Guangzhou Shenzhou Digital Co., Ltd. "Yang Bo incident" has been characterized, does not involve tax issues, the court may in any case collect the penalty. Question: Why the story was inconsistent? . .


In accordance with the Audit Bureau in Guangzhou City national reporting centre Ms. argument and 29 August 2001 Guangzhou Guangdong Gongtong word [2001], no.: 214.


Yang Bo, and then did not surrender, "Yang Bo incident" was indeed received the letter after I check out the reports, even if "Yang Bo incident" is defined as corruption cases, but it did not accurately report the illegal income and pay personal income tax, in accordance with this point, since no one dared to corruption of the. .


Guangzhou municipal tax revenue to the State Treasury should be approximately 300 million * income tax rate in 2003 = $ 1091265.


Guangzhou Intermediate People's Court to impose fines up to about 1,091,265 yuan = 5,456,325 yuan * 5 times. .


I would like to receive the bonus is $ * 5% 1091265 to 10 per cent = 5 million to 10 million.


33,2006 on February 22, a man (Cantonese-speaking, unknown) claimed the Guangdong Public Security Department, allow me to receive letters and visits the office, "Yang Bo incident" bonus. .


Question: who dare to impersonate the Guangdong Provincial Public Security Department make a fool of himself.


34,2006 on February 24, I get letters and visits Guangdong Public Security Bureau office but no matter, the receptionist replies: "Public Security is guidance only, do not arrest people direct detection," asked me directly to Guangzhou Public Security Secretary solve the problem. .


35, April 2006, I again call the Guangzhou City Public Security Bureau, p.o. box line long reply: "Yang Bo's event" is the Guangzhou City National Audit Bureau auditing issues found when transferred to the investigation team, public security, internal revenue service tax, which solve the last reply-to is not the case, let me assure Attn State claim bonuses.


36,2006 on April 29, the Guangzhou Municipal Public Security Bureau in person to the Office of query letters, "Yang Bo incident", the receptionist asked me to solve the problem directly to Economic Investigation Detachment. I then call the Economic Investigation Detachment, answer man (Cantonese-speaking, unknown) that are not handling their own people do not know this. .


37, June 2006, I call the IRS Audit Bureau in Guangdong Province Center queries, Chief of the King: "Yang Bo's event" the proceeds of internal taxes involved is not collected by the IRS. Question: why the Public Security Bureau's answer and the IRS Audit Bureau reply inconsistent?.


In July 38,2006, I again call the Guangzhou Municipal Public Security Bureau check box line, which insisted that "Bo incident" is the National Tax Inspectorate Guangzhou audit found problems dealing with the transfer to the Economic Investigation Detachment, the Public Security Bureau crack, the IRS taxes, and its retained from March 2003, I have to report material. .


39, 14 July 2006, I personally to Guangzhou City Public Security Bureau Office of query letters and calls the "incident" Yang Bo 's, require a written confirmation, the receptionist said: "the Secretary-mail" is a background operation, and front desk computer no records found.


40,2006 on October 9, I in Guangdong Local Taxation Bureau Web site to report once again put in a complaint letter directly to report complaints received acceptance number is 200 610 090 001 200 610 090 002 number. .


41, October 2006, Guangzhou local tax inspection Bureau 12366 replied that this case has been transferred to the State Audit Office, because it requires the IRS Audit Bureau confirmed income before income tax collected.


42,2007 on June 29, I IRS Web site in Guangdong Province reported re-direct delivery letter of complaint, reports received and the number is JB200706290002 JB200706290003. .


43, 29 June 2007, in Guangdong local tax Bureau directly put again on the website of the complaint letter.


Reported receiving complaints received No. No. 200 706 290 001 200 706 290 002 Counseling for the check number is 1124057. .


44, 3 July 2007, the IRS in Guangdong province once again put directly on the website of the complaint letter.


Counseling query number ZX200707030024 password is accepted the proposed issue of 601,593 inquiries received number JY200707030001. .


45, 3 July 2007, I Guangzhou IRS Web site directly into complaint letter.


Tax Report No. S200707030001 is now accepted by the National Tax Inspectorate, Guangzhou, remove internal staff. .


Honest reporting accepted number L200707030002 complaint numbers 200707030003 and 200707030004 and 200707030005.


46,2007 on July 31, the Guangzhou Local Taxation Bureau to monitor the room Re: Digital China Co., Ltd. are foreign, corporate income tax return the IRS levy. .


Guangzhou IRS income Treasury enterprise income tax should be around 3 million * income tax rate of 25% = 75 million.


Guangzhou Intermediate People's Court to impose fines up to about 750 000 * 5-fold = 3.75 million yuan. .


I can receive bonus is 75 million * 5% to 10% = $ 4-8.


Question: Why the Guangzhou Local Taxation Bureau statement inconsistent? Why do the monitoring room back with the Guangdong National Tax Inspectorate, Mr. Ronaldinho inconsistencies do? . .


47, August 29, 2007, I come to the State Tax Inspection Bureau of Guangdong Province listened to investigate and report to the Chief of the reading of the King.


(1) Tax Inspection Bureau, Guangzhou, confirmed in May 19, 2003 letter received my report. Doubt: This is the date and send me the memory frequency is wrong. .


(2) Guangzhou City National Audit Bureau confirmed on 27 October 2003, I received the "98 Lenovo Group errands to the financial rules for the implementation of the business units," but there is no mention of that set of documents (affixed with the seal) copy.


Question: namely, in Guangzhou City, the National Tax Inspectorate Huangwan Wen (Wang Yuan Man) Miss received the set of documents (stamped with official seal) copy, the only Eastern District Tax Inspectorate is not passed, there is no report of the National Tax Inspection Bureau of Guangdong Province, why the set of documents ( stamped with official seal) copy will be missing it? . .


(3) in December 2000, Guangzhou City National Audit Bureau received Guangzhou Police Bureau investigation on the detachment of Guangzhou digital co., Ltd accept VAT invoices, circular, and the Guangzhou digital co., Ltd, tax evasion, tax fraud, illegal case, fine.


Question: Why, Mr. Tony East is still at large it? (Then the law is the responsibility of unit leaders held). .


(4) in May 2003, Guangzhou City Public Security Bureau investigate and deal with the detachment of the detection of Guangzhou digital co., Ltd "Yang Bo's event" the proceeds of internal taxes involved was to hand in the form of fines, as regards public finances into whether tuizang then back to Guangzhou digital co., Ltd., corporate income tax, tax inspection authority has the right to interfere. Question: Why can't I send a report to the Public Security Bureau (PSB) and the IRD, the person can be a fine grasp of detection, the Department does not collect taxes?.


Guangzhou City, the National Tax Inspectorate has done internal staff, who would believe that it will not participate in dividing the spoils? . .


(5) Guangzhou City National Audit Bureau inspected Guangzhou digital co., Ltd 2000-2004 by accounts that have no corporate income tax issues.


Question: Why National Tax Inspection Bureau, Guangzhou, investigation results and the evidence I have provided (2003 Digital System Integration sales manual) it is inconsistent? . .


(6) as regards digital Xinlong technology co., Ltd. is not himself clues, did not indicate how many taxes collected.


Question: even if the deduction of "Yang Bo incident," Is the National Tax Inspectorate, Guangzhou, really do not tax it? Such as the 2007 Digital Technology Limited refusing to report statistics on the truth behind the case. .


48, September 17, 2007, a man (drills, Mandarin, unknown) professing the Guangdong provincial procuratorate call notifications I can always go for the "Yang Bo's event" bonus. 2007 September 26, I arrived at the Guangdong provincial procuratorate report centre and Guangzhou Office report centre after it does, the receptionist said someone posing as a Prosecutor with the intent to defraud, I encounter swindlers!.


48,2008 on September 22, Internal Revenue Service to monitor the Office of Guangdong Province Wang comrades call me, saying to the Urban Authority, Guangzhou City, the National Tax Inspectorate answer is in the July 3, 2007 have previously dealt with a Digital Xin Long Technology Co., Ltd.. And I was arguing, in May 31, 2005 letter of reported complaints have Digital Technology Limited, then asked me directly to their National Tax Inspectorate, Guangzhou, to solve the problem. .


49, September 23, 2008, I went to the Pearl River new city Huaxia road, Guangzhou City National Audit Bureau found, Ms. and another (speaks Mandarin, unknown, shoulder) at the hotel reception. The shoulder of a young lady (speaks Mandarin, unknown) who took my ID card in Office, do not know the number of copies printed.


(1) recognized in 2003 when Huang Wanwen (Wang Yuan Man) received a report of my material. .


(2) confirm that the Internet has received a letter of complaint, I did not indicate time.


(3), Guangzhou City, the National Tax Inspectorate checks the "Digital China" in Guangzhou, the company accounts, no fee Guangzhou Co., Ltd. and Digital China Digital China Technology Limited tax. Question: Why National Tax Inspectorate, Guangzhou, my answer to the IRS to monitor the room with the Guangdong inconsistent responses it? . .


50, I now suspect that "digital" arrested for bribery, Guangzhou City National Audit Bureau alleged corruption corrupt, delete after malfeasance in reports and disclosure and retention of materials from a report, and then take means to deal with me (not my clues does not give the ground laizhang bonuses) or use my ID card copy deduction eat my bonus, the "digital" is the culprit, in order to escape justice and revenge himself and forced me to engage in low-paying jobs.


51, I hereby request and Guangzhou City, Guangdong Province, according to the National Tax Inspectorate issued a document to the standard replacement prize. .


52, I hereby request the Guangdong Province and Guangzhou tax audit Bureau in accordance with the standards issued retroactively bonuses..


53, I hereby request Guangdong Public Security Bureau and Guangzhou Municipal Public Security Bureau issued a document in accordance with standard replacement "Yang Bo incident" bonus. .


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In accordance with the "Criminal Law", "tax" provisions, corporate theft, tax evasion huge amount of money transferred by the tax and public prosecutor, for investigation, held on behalf of corporate criminal liability. I only care about money, other things not come out. According to the State Administration of Taxation, "Tax incentives to report illegal cases of" notice. .


Second, the tax authorities on the reporting of tax evasion, tax evasion, tax fraud and recovered, counterfeiting, illegal, unlawful acquisition of invoices, as well as other tax violations of active units and individuals (hereinafter referred to as informants), grant awards and spiritual rewards, and strictly to its confidentiality. The preceding paragraph shall not apply to material incentives, tax, financial, audit, customs, business administration, public security, procuratorial and other staff of the State organs.


Article V, the tax law to report cases of verified and processed according to the law, according to the contribution of an informer, according to the actual amount of tax recovered within five per cent of total control bonuses; not payable, the actual amount of recovered fine 10% bonus within the master account, the maximum amount of money per case, not more than 100,000 yuan. .


To make a substantial contribution to the informer, the provincial taxation authorities approved bonus limit can be increased as appropriate. Specific bonus amount standard and permission from the provinces, autonomous regions and municipalities directly under the Central Government and provincial-level governments determine.


Article VI, the same tax violations were reported by multiple informants, the main incentive the first informer. Order to report to tax authorities in charge of investigation, or tax law violation cases in their respective Reporting Center (hereinafter referred to as Report Center) received a report based on the time of registration. However, other informants provided the situation on the identification of the case does have a direct effect, and can appropriate awards. .


Article 7, on two or more informants reported the same tax jointly the violation, according to reports, the first named person or first signed by a delegate to receive other signatures.


Article IX, informants reported receiving center should be within three months after notification to accept the award, holding my ID card or other valid documents to the designated place to receive money; those who do not receive, as a waiver. .


People the bully, the ride.


Betray your people are always around the so-called closest to the most trusted insiders So don't believe anyone, Only trust yourself and money that he (she) who would use my fishing but regardless of the benefits to me after. Hereby declare that: never received the replacement of a department did not receive bonuses or "Legend" and "Digital China" in the compensation section. .


Certain tax audit Bureau is RMB service tax and deduction of corruption corrupt officials eat after I certainly hope I Prize in low-paying jobs, given, you must first make up for previous losses after work. 400,000 yuan bonus (2003 and 2007 Digital China Digital China Technology Limited total of 100,000 yuan, 100,000 yuan in 2005, Shenzhen, Lenovo, Lenovo 100,000 yuan in 2007 Beijing, 2008 Beijing Digital China 100 thousand yuan) is equal to I am neither for those who engage in "four gold", but also engage in enterprise annuity, but also unpaid overtime bosses and unscrupulous traders Black-white dry years (in March 2002 has 3,500 yuan / month * 12 months / year * 7 years = 294,000 yuan + 7% Social Security 20% Medicare housing fund, "79,380 yuan = 373,380 yuan) to buy a second-hand housing to move the old hermit, only to take back the previous loss, I will start again。 If you are in Hong Kong, according to the legislation for the protection of witnesses can be done. If you lose money or re-issuance of bonus that first hit home phone to call names and then after coming, if on-site trouble it will not be admitted.


Now found, regardless of which department to petition, the department will phone rang, Guangdong Province, the National Tax Inspectorate may be some corrupt elements within the corruption and dereliction of duty after the fraud, concealment, "Legend" and "Digital China" tax evasion crime. Its best to prevent me to receive money, the purpose of shielding the "Legend" and "Digital China" and I engaged in low-income work force, so that unscrupulous profiteers can get my hands free or low-cost financial management of the catering industry information.Chen Lin, polyester fiber, Su Hollis "blessing" is RMB3500 Yuan/month, I was in the "blessing" RMB1500 Yuan/month; Tan Hao Bin into the "evergreen" RMB3800 Yuan/month, I was in the "evergreen" RMB2100 Yuan/month; "praying" and the "evergreen" and "legend" and "digital" has a business relationship, I ask myself what he (she) who don't think I really easy to bully,, that is not what it was. Both would like to invite people who are expected to take material to use and can not think of money, how can something so cheap, Chubu Qi prices do not please people, why should collusion, persecution of the civilian population, even a hermit do not care for idlers also refused to let go of it. Or paid their dues, hand delivery, all fair trade with me, or I even if the financial management of the catering industry who burned all the information, and will not lower those mean bosses No money No talk money men have a wife! . .


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Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


Lenovo cash holdings shenma 9 billion digital CEO Kuo is Lenovo holdings Chuanzhi breaker.


August 10, 2007, Oriental Morning Post information Reporter: Zhou Ling Intern: Fan Shu Han Photo: High Jianping. .


Digital (0861.HK) shareholder Lenovo holdings to sell their holding of part of the digital stock to more venture capital firms, and to obtain cash 9.087 billion. Digital is a wholly-owned by its CEO, Kuo-held outside the company took over 10.19% KIL, coupled with the shares held by the original Kuo, according to yesterday's closing price, the digital assets has reached 3.52 Kuo to HK.


One, involving funding of about 1.318 billion Hong Kong dollars. .


The Hong Kong stock exchange disclosure notice to SOFTBANK's safety investment Fund (SAIFPART-NERS) led by safety investment fund, Hony (HONYCAPTIAL), IDGVC three composition of investment, combined with another foreign company will buy KIL Lenovo holdings and fund shareholders General Atlantic Partners (hereinafter referred to as "GA") was held in the digital part and full ownership. Among them, investment funds and KIL SAIF GA respectively 3.15% and 10.19% purchase of the Digital Option; SAIF Investment Fund, Hony Capital and IDGVC were to buy 17% of Legend Holdings, 8.82% and 3. 78% of Digital China stake. At present, this involves approximately 1.318 billion Hong Kong dollars capital transactions are reported to the Chinese government for approval. .


2. Lenovo holdings is also a major shareholder of Lenovo.


SAIF Investment Fund, Hony Capital, IDGVC, KIL acquired four companies a total of 42.94% of the interests of Digital China, and will make a general offer. Legend Holdings GA and the original God of code were holding 13.34% and 47.43% of shares, the transaction is completed, Lenovo Holdings still holds a 17.83% stake in Digital China, coupled with the joint acquisition were held together Lenovo Holdings has 60.87%. The transaction valued 3.50 per share of HK 2.8% discount. The GA code will no longer be shareholders of God. .


Hony is also one of the Lenovo holding's subsidiary, KIL company is wholly owned by Kuo an overseas company. The same as a critic of selected successor, Lenovo Group Chairman Yang yuanqing over two thousand million of annual salary, digital China CEO Kuo salary compared to shabby. But this time the company acquired Kuo, through their own digital China, showing the "ins and outs" of the honest Kuo fact. "


Third, to improve corporate governance. .


Lenovo holdings Chuanzhi, said that since 2000, Lenovo, digital, digital China currently has developed into a leading IT products distributor and IT integration service provider. This time, changes in ownership, a digital and Lenovo holdings based on the company's long-term development of initiative, safety investment fund, Hony, IDGVC in many institutions, such as market investor's positive response.


Digital spokesman Li Yan told reporters yesterday, Legend Holdings and GA selling shares, it is a good average of shares of the Company, to improve corporate governance institutions. "The new fund also has the background of the existing international operational experience of localization, which is good for the future development of Digital China." Said Li Yan, Digital China has not yet adjusted by the introduction of new shareholders, the company development strategy plan, or in accordance with the original the operation of the train of thought in the walk, "from the company's stock price today of view, the introduction of new shareholders, investors are actually approved." Digital China shares Zuoshou reported 3.90 Hong Kong dollars, up 8.33%. .


Digital China President and CEO Kuo, digital China, asset size and business income of the average annual growth rate in more than 20%, the 2006-2007 fiscal year, revenues scale 254.18 billion, in the domestic IT product distribution area in prominent leading position.


4, "endeavor to ensure that no delisting." .


Just recently, Lenovo plans to acquire the outgoing European computer manufacturer Lenovo PackardBell, shareholder Lenovo holdings selects selling digital stock and shareholder financing help Lenovo Group's acquisition of impression.


Hai Tong Securities analyst Chen Meifen, however, said yesterday that this statement does not hold. "It's not enough money for the acquisition, but acquisition does not have to sell stock to raise, there are many other ways." Chen Meifen that dispersed shareholding structure, improving corporate governance, this argument is acceptable. Chen Meifen also said that as the distribution of small business profits, industry may not have very good prospects, Legend Holdings may withdraw investment from other sources. .


Due to the acquisition of shares in proportion to very high touch takeover, according to the relevant provisions of the stock exchange, if the final joint purchaser and concerted action people share more than 75 percent of the digital you have the possibility of withdrawing. In this respect, digital China Li Yan said the company and other shareholder will make every effort to ensure that the company will withdraw from the possibility of withdrawing the real is very small.


Digital China shares the new structure. .


Shares holders.


20.15% SAIF Investment Fund SIBL. .


8.82 Hong-Yi, a wholly-owned CTL.


3.78% IDG's FEML. .


0.10 Kuo.


Guo Wei, a wholly owned 10.19% of KIL. .


17.83 Lenovo holdings of LH.


0.24% director. .


38.89% public shareholders.


Please read the details of Baidu Space http://hi. . Baidu. .com / yuanruhui blog http://hi. . Baidu. .com / mryuanruhui. .


LIU Chuanzhi disposable hand digital, Kuo Yan yan working together to "succession".


August 10, 2007 of First Financial Daily Editor: Hu Qing. .


Yesterday, the Hong Kong Stock Exchange announcements, digital China (0861.HK) of the parent company Lenovo holdings and American trans-Atlantic investment group (hereinafter referred to as "GA") and all the equity holdings of digital to match the rich investment fund, Hony, IDG VC and digital CEO Kuo, a wholly-owned overseas investment company KIL.


Share transfer is completed, the strategic investors will be fully out of GA Digital China, Legend Holdings will be increased from 47.43% to 17.83% of the equity holdings. The competition for investment funds, the rich lead, the Joint Hony Capital, IDG VC, will hold 60.87% stake in Digital China, and Guo Wei will KIL 9.28% stake held indirectly. .


Lenovo holdings said, Lenovo holdings in digital in larger proportions, this time to new investors to sell some stock, you can make digital equity more socialization, more balanced, enhance corporate governance standards of the market.


Yesterday, SAIF Investment Fund chief, said Andrew Yan declined to comment on the matter. And Guo Wei's phone has been transferred to the Secretary of Taiwan. .


Not long ago, the Chairman of the Board of Directors of Lenovo holdings critic of the interview, when it comes to digital by said legend holdings do everything starting point is to meet the best interests of the shareholders. CCW research news General Manager Quxiaodong that Lenovo holdings now development areas and investment has diversified, and traditional business is not as IT originally occupies the important position, Lenovo holding transfers part of digital equity can give shareholders greater benefits in return. "Through this equity adjustment, Digital's shares will be more dispersed, and Guo Wei, represented by the management board will also get a greater say, these changes will better improve the corporate governance structure." Qu Xiaodong think. .


In addition, Analysys International Vice President Zhangying believes that safety IDG VC investment funds and two venture capital fund, will allow digital speed up restructuring and new business tries to keep pace.


In 2001, Lenovo Group, Digital China spin-off, to achieve a separate listing. At that time, Yang has been led Lenovo Lenovo PC's most important business, and Digital China will be a distribution, systems integration and IT services business. In recent years, Digital China in the distribution business and IT services are facing unprecedented challenges, the new distribution business situation and the challenges of the Internet brought in under the original ownership structure, Digital China has become increasingly more difficult. .


Zhangying said, digital China must consider Internet industry changes, to the customer area to which they are faced with the problem is that traditional distribution, to be able to see only the channels, and do not see the end user. "Digital traditional progressive distribution system, the manufacturer direct for flat and so on, channels, under the pressure of being more and more challenges led digital strategic adjustments. "He believes that the new strategic shareholder, is in the field of Internet and other leading-edge international VC, able to bring new Digital Strategy resources, including the mode of operation, transnational experiences, can help transform new business of Digital China..


For more information please read the original Chinese blog network http://yuanruhui. .blogcn. There are Bo .com/net http://mryuanruhui. .blogcn. .com/.


Reduction of Legend Holdings, Hony Capital orders pawn role in highlighting the left hand down the right hand, Liu design bureau. .


2007-08-18, Huaxia Times reporter Luo Wei Beijing small.


Digital China on August 8 change in the shareholding vibration in the industry. .


Lenovo holdings of stock digital co., a subsidiary of Lenovo, Lenovo Hong-Yi has surfaced, the digital first shareholder.


The retreat into the background of a person are Liu, president of Legend Holdings, and his real intention is ... .... .


First, the Lenovo holdings or boss.


August 8, Legend Holdings Limited ("Legend Holdings") and another fund shareholder General Atlantic Partner (hereinafter referred to as "GA") were held to their part of Digital China, as well as all the shares sold to the Game Rich Investment Fund (SAIF PARTNERS) led the other three fund companies (the other two Legend Hony Capital is wholly owned by CTL and IDG VC) and CEO of Digital China Guo Wei, a wholly-owned foreign companies KIL. .


Changes in ownership, the Lenovo holdings in digital equity 47.43 per cent stake to 17.83%, GA cleared 13.34% held by digital equity. Digital new ownership structure: safety investment fund 20.15 percent; Lenovo holdings 17.83 percent; Kuo and its wholly owned KIL total 10.29 per cent; Hong-Yi, a wholly-owned by CTL 8.82 percent; IDG VC 3.78 percent; public shareholders 38.89 percent, associated Director 0.24 percent.


Analysts pointed out that Hong Yi is a subsidiary of Legend Holdings, the change in the shareholding of Digital China, Hong-yi of the CTL wholly accounted for 8.82%, plus the current 17.83% of Legend Holdings holds 26.65% shares of total , is still relatively large shareholder. .


Second, Hong-Yi is a stone.


"Hong Yi one hand, a majority shareholder position can help to achieve relatively large shareholders controlling association's position, on the other hand, in mergers and acquisitions of Digital China has help." Industry experts have speculated that. In short, Hong Yi Liu intervention should be planted in Digital China's "one piece." .


"Hony capital, there are many fund companies, Lenovo holdings invested money is only one part of it, their decisions are made as needed. "Lenovo holdings PR Wailianbu GUI Lin on the Huaxia Times reporter says.


Analysts believe that by Legend Holdings in Hong-yi 3 the weight of financing and White Digital particularity, can not deny the strategic plan has nothing to do with Liu, and even the results of its operations itself. .


Hony Executive Assistant Xu Min Sheng abroad, this time into the PE (Private Equity, the private equity investment) are internationally very influential, to digital in IT services development brings new resources, including partner resources or help digital to other companies for mergers and acquisitions.


3, Liu's true intentions. .


Lianxiangkongguyouxiangongsi Chuanzhi said the changes in ownership, a digital and Lenovo holdings based on the company's long-term development of initiative.


"First, the original Legend Holdings shares in Digital China accounted for a larger proportion of the new investors to sell part of stake in Digital China stake can be more social, more balanced, improve the company's market-oriented governance." Gui Lin the "China Times" reporter to explain the reasons for reduction of Legend Holdings, said, "Second, SAIF Investment Fund and the group of new investors come in both the international background also have a deep local experience, will certainly bring new resources Digital and create new value. ". .


We all know, digital and Lenovo in Lenovo holdings 5 subsidiaries (the other three for legend capital, integrating science consulting, Hony) proud, Liu Kuo Yang on and also exist in parent-child of love. These two subsidiaries of the same status, Lenovo holdings ratio before almost all is 40.


"Is holding in Digital China's position in the association changed? Liu Digital China ready to give up, but if Lenovo Yih give up why letting go in?", "China Times" reporter interviewed a number of industry experts, there are several speculate, however, did not accurate to say that word, "Liu Zong's mind is difficult to guess, do not understand what the old willow? do not know why make traditional industries located in the M & Hony Capital unusual access to Digital?." .


IV..


Hony Capital Private road map. .


Data show that Hony starting in January 2003, the original is Lenovo holdings after the investment Division, developed into a Lenovo holdings under one of five subsidiary companies.


Currently manages more than 5.5 billion yuan of funds, has invested more than 3.2 billion yuan was invested enterprises had total assets of 14.3 billion, was invested enterprises in 2006 the overall sales of 100 billion yuan, total profit and tax of close to 1.3 billion. Based on traditional industries, state-owned M & A is considered Hony Capital and the biggest difference between the other PE. .


Investment from Hong-Yi investment road map is not difficult to see that the IT industry has not experienced before, positioning in the traditional industries are characteristic of their investment and location, but this time the company investment brothers enterprise digital obviously very unnatural.


Digital China for Hong Yi purpose of this intervention, "China Times" reporter tried to contact the company's president and spokesman John Zhao Huan, but its media executives Miss Jia said: "Sam recently in the United States on business, too some time to come back . ". .


For more information please read the original Chinese blog network http://dryuanruhui. .blogcn. There are Bo .com/net http://liangyuansi. .blogcn. .com/.


Digital China IT industry, the largest MBO in China approved. .


Source: financial magazine 2007-10-30 author: Edit: caoqiaobo Huafeng HO. ..


Description: Chinese IT industry so far, the largest management buyout to be completed. Since the acquisition of the shares more than 10%, in accordance with the provisions of the Hong Kong Stock Exchange, has triggered a full tender offer. Full tender offer is subject to complete two to three weeks, when the transaction has truly ended. .


China's IT industry so far, the largest management buyout (MBO) has passed the examination and approval of the State, is nearing completion. 29 October, this transaction key participants race rich investment fund Yen Yen, principal partner of the "financial" news confirms that the SASAC approved digital Holdings Limited (SEHK code 0861 hereinafter referred to as digital) management buyouts.


This year in August, holding 47.43% stake in Digital China is the largest shareholder of Lenovo Holdings will sell 29.6% equity investment fund SAIF, Hony Capital and IDG three funds, the other shareholders of Digital China will be 13 GA .34% stake sale to Digital China Guo Wei, president and SAIF Investment Fund. Digital China has announced on October 25, said changes in the company's stock trading has been approved by Chinese government. .


After the completion of the transaction safety investment fund will become digital China's largest shareholder, holding 20.15%; Lenovo holdings still holds digital 17.83% stake, has become the second largest shareholder. Digital China President and CEO Kuo, through its wholly-owned company, KIL indirect holding digital 10.29%, increased by the professional manager for the company's third-largest shareholders.


As the Chinese Academy of holding a major stake in Lenovo, the Lenovo Digital China Holdings sell equity transactions required to obtain approval of the SASAC. .


For overseas companies executives incentive, SASAC trial in March 2006, the State-owned holding company (Overseas) to implement the incentive scheme. Which provides that the amount of grant, the grant shall not exceed the total amount accumulated capital of 10 per cent of the total, the number of individuals should be granted for the first time in the share capital of 1 percent of the total.


However, Yan Yan, said Digital China deal does not apply to the SAC the above requirements, because the provisions of the SAC system for the management of equity incentives, and management of Digital China is the direct use of the cash to buy shares in the open market. "As long as the price fair, anyone can buy." Yan Yan said. .


This transaction, safety, and so the three funds and Kuo offer is a price per share, representing a company 3.5 suspension front per share $ 3.6 2.78% discount, for a total of HK $ shezi 13.18.


Since the acquisition of the shares more than 10%, in accordance with the provisions of the Hong Kong Stock Exchange, has triggered a full tender offer. Yan Yan said the full tender offer need 2-3 weeks to complete, will be considered the real end of the transaction. .


Digital one person, digital China in Lenovo holding subordinates the embarrassment of subsidiaries, this position will be straightened out and MBO shareholder equity. The sources said, digital China engaged in software and services industry in the domestic leading position, but the largest shareholder did not give sufficient emphasis on digital strategies have also been shaken, resulting in a digital strategy for promoting fast enough, the rapid progress in the competition, digital China in a passive state.


Yan Yan said that the participation of investment funds SAIF Digital China MBO, one optimistic about the software services industry, the second is the belief that Digital transformation of ownership structure through the MBO, from a state-owned enterprises into an "outright" and listed companies would be better to create value. .


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Digital China to replace four directors, Guo Wei Li Qin chairman to succeed. .


December 20, 2007 to Yin ccidnet author: an Inn.


SAN FRANCISCO Dec. 20 news, Digital China announced yesterday its latest board structure, its third largest shareholder, president and CEO, replacing Li Qin Guo Wei, Chairman. .


Notice to appear, since yesterday, the original digital Board Chairman Li Qin resigned from the Board of Directors due to retirement, but no longer as Chairman of the Board of Directors. The original Lenovo, Chairman of the Board of the Institute of computing technology, Chinese Academy of Sciences has Mau Cho also resigned due to retirement and directors; at the same time as the Board of Directors also includes the current digital executives in China for help. In addition to these three, digital China earlier in 17, has announced that it has realized the original investor Partner of General Atlantic Director William O GRABE has also resigned. Digital's non-Executive Director.


At the same time, Xu-Dong Tang, Hong-Yu, Yan Yan and the other 4 since yesterday in Taipei, has been appointed as non-executive director of Digital China. In addition, the current president and CEO Guo Wei has been appointed as Chairman of the Board, with effect from yesterday. Among them, Tang Xudong, vice president of Legend Holdings Limited, Hong-Yu Fang Hongyi investment in the new managing director of investment. And Yan Yan and Chen Zhiyong are from the current 18.35% shareholding of the largest shareholder of SAIF. .


For more information please read the NetEase blog http://yuanruhui. .blog. .163. .com/Sohu blog http://yuanruhui. .blog. .sohu. .com.


Holdings of 9.8% Digital China Management into the largest shareholder 2010.05.19 20:02 Netease technology Wangjie Cong. .


NetEase tech news on May 19 in the evening news, the Hong Kong Stock Exchange announcements just disclosure, Lenovo holdings under IT distribution IT consolidation services enterprise digital company's equity. By Kuo-oriented management holdings offshore companies KIL, 10.5 HK prices Lenovo holdings overseas Ltd, a wholly-owned subsidiary of naming 9.8% stake acquired, KIL has also become a digital first major shareholder. Digital China, this transaction has been completed and approval. Lenovo holdings in digital share will be reduced to 5.52%. The KIL's stake increased from 8.76% to 18.56%. Announcement shows the company will KIL Ming sell 100 million shares, a price of 10.5 Hong Kong dollars per share, compared to today's closing price of 10.68 Hong Kong dollars, will be a discount of approximately 2%. Digital closed down 3.26% today, the Hong Kong dollar 10.68 per share. .


Digital China management holdings 9.8% source: NetEase Tech News 2010.05.19 19: 32-Peng.


SAN FRANCISCO May 19, according to HKEx data, Digital China will increase its 100 million shares of the management of the company's shares, or about the date of this announcement, the Company has share capital of 9.8% in hair. The average price of 10.5 Hong Kong dollars per share, the management of its equity holdings from 8.76% to 18.56% increase in the purchase price of 105,000 million Hong Kong dollars. .


Digital China management holdings, Lenovo holding 10 billion transfer 10 per cent stake in 2010-5-25 Sina Tech News 14: 33.


May 19 evening news, according to the Hong Kong Stock Exchange announcement revealed that Digital China Holdings Limited significant changes in ownership structure. Guo Wei as a major shareholder in an overseas company, KIL, will buy 1.05 billion Hong Kong dollars overseas wholly owned subsidiary of Legend Holdings Inc. Lane Limited (RLL) in Digital China in 9.80% of the shares held. Digital China, said the deal had been completed the relevant approval. The transaction is completed, Lenovo Holdings Limited Digital China still retained 5.52% of the shares in proportion. .


Digital China President holdings 1 million as the largest shareholder 2010.05.20 Sina financial 11: 00.


Sina Financial News May 20 News, Digital China is reported 11.18 Hong Kong dollar rose 4.68 percent. The company reported 10.5 per share Guo Wei, Chairman of the Hong Kong dollar, the other shareholders to acquire 100 million shares Lane Limited number of shares of God, involving 1.05 billion Hong Kong dollars capital, so that shareholding increased to 18.56%, as Digital China's largest shareholder. Transaction, the holdings of the Southern Ming fell to 4.05%. .


For more information please read the Sina http://blog. .com .cn .sina.. http://blog./yuanruhui blog .com .cn .sina..../mryuanruhui


Ruan Ruhui comment:. .


1, the European computer manufacturers PackardBell is now Taiwan's Acer Group acquired.


2, I ask Li Qin, Guo Wei, Lin Yang and Zhi-Hua Mao years and North Korea and others have been January 1, 2004 to December 31, 2006 the real annual income (including dividends and dividends) How much? How much should pay personal income tax? . .


3, from August 2007 to the 12-month digital nominally foreign acquisitions, in fact the funds from the Bank loan, Kuo old 0.10% shares into a shares holding 10.29 per cent from multimillionaires and became a billionaire, which should allow it to pay personal income tax (using the personal income tax software to calculate 3 billion RMB 1600 has been deducted and the "gold") $ 110683905 5 times = fine * $ 553419525.


4, Guo Wei exactly where to get 300 million yuan after the KIL British Virgin Islands-registered company (or a huge unidentified property suspected of embezzlement of public funds) then the name of the company's acquisition of Digital KIL shares? (In accordance with the laws of Hong Kong-owned property on the alleged inconsistent with the duties, income and the ownership of property disproportionate to the income and expenditure imbalance, embezzlement cases, you can refer to Skyworth Stephen Wong). .


5, from December 2007 to August 2008 Kuo old 10.29% shares into a shares holding 40.40% should also make it subject to personal income tax.


6, "four gold" means 8% of pension payments, health insurance, 2% gold, 1% of unemployment insurance payments, housing, 7% gold reserve. .


7, because "Lenovo" and "digital" are two different legal entities, i.e. two different companies, yet should be calculated separately and bonuses.


8, I have provided the evidence is open to the public under the provisions of IPO information from the Hong Kong Stock Exchange official website http://www. . Hkex. . Com. . Hk / legal download. .


Supplementary proofs has been routed to http://blog. .chinaunix. .net/u/24547/blog http://yuanruhui. .cublog. .cn/please download themselves.


Hong Kong, China report showed April 1, 2004 to April 2005 period 1, "Lenovo" and "Digital China" has Maochao annual salary (HK $ 775000 yuan, that RMB697500 element + HK $ 708000 yuan, that RMB637200 dollars) = HK $ 1.483 million yuan is RMB1334700 dollars, the average monthly income of HK $ 123583 元 = RMB111225 dollars (using the software to calculate personal income tax, net of RMB800 yuan, has Maochao has reached retirement age, no less "Four Golden"), the average per month pay personal income tax RMB34316 element * 12 months = annual income tax payable per RMB411792。.


Will have Maochao April 1, 2004 to April 2005 period 1 in China Mainland, "Legend" and "Digital China" declared monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB411792-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Hong Kong, China report showed April 1, 2005 to April 2006 period 1 "Digital China" has Maochao annual salary of HK $ 1117000 元 = RMB1005300 dollars, the average monthly income of HK $ 93083 元 = RMB83775 yuan (use of personal income tax calculation software, net of RMB1600 yuan, has Maochao has reached retirement age, no less "Four Golden"), the average monthly personal income tax payable RMB22495 element * 12 months = annual income tax payable RMB269940 dollars. .


Ask the MOH Chao-1 April 2005 to April 2006, 1 in China mainland "digital," declared the monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax due from Hong Kong, China report RMB269940 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


China Hong Kong file displays the 1 April 2006 to 31 December 2006, the date of the "digital" Mau Cho annual salary for HK $ 997000 = RMB897300 element, the average monthly income of HK $ 83083 = RMB74775 element (using the personal income tax software to calculate net of $ RMB1600 MOH Chao has reached retirement age, there is no deduction for the "gold"), the average monthly income payable RMB19236 element * 9 months = should be $ RMB173124. personal income tax.


Will have Maochao April 1, 2006 to December 2006 31 in mainland China, "Digital China" declared monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB173124-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Please read the details of Baidu Space http://hi. . Baidu. .com / yuanruhui blog http://hi. . Baidu. .com / mryuanruhui. .

China Hong Kong report displays from 1 April 2004 to April 1, 2005, the annual salary for HK $ Li Qin 5931000 = RMB5337900 element, the average monthly income of HK $ 494250 = RMB444825 element (using the personal income tax software to calculate the discounted RMB800 element and the "gold"), the average monthly income payable RMB148405 element * 12 month = annual pay personal income tax of $ RMB1780860.


Will Li Qin April 1, 2004 to 2005 during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB1780860-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Hong Kong, China report showed April 1, 2005 to 2006, the period between April 1, Li Qin annual salary of HK $ 6315000 元 = RMB5683500 dollars, the average monthly income of HK $ 526250 元 = RMB473625 dollars (calculated using personal income tax software, deducted RMB1600 yuan, Li Qin has reached retirement age, no less "Four Golden"), the average monthly personal income tax payable RMB197036 element * 12 months = RMB2364432 personal income tax payable per year. .


Ask Li Qin 1 April 2005 to April 2006, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax due from Hong Kong, China report RMB2364432 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


For more information please read the original Chinese blog network http://mryuanruhui. .blogcn. There are Bo .com/net http://yuanruhui. .blogcn. .com/.

Hong Kong, China report showed April 1, 2004 to 2005 period from April 1, Guo Wei annual salary of HK $ 6762000 元 = RMB6085800 dollars, the average monthly income of HK $ 563500 元 = RMB507150 dollars (calculated using personal income tax software, deduction of RMB800 yuan and the "Four Golden"), the average monthly personal income tax payable RMB171403 element * 12 months = annual income tax payable RMB2056836 dollars. .


Ask the Kuo 1 April 2004 to April 2005, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax due from Hong Kong, China report RMB2056836 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


China Hong Kong report shows 1 April 2005 to April 1, 2006, the annual salary for HK $ Kuo 7745000 = RMB6970500 element, the average monthly income of HK $ 645416 = RMB580875 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB198247 element * 12 month = annual pay personal income tax of $ RMB2378964.


Will Guo Wei April 1, 2005 to 2006, during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB2378964-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Please read the details of the original Chinese blog network http://dryuanruhui. . Blogcn. . Com / net is Beauchamp http://liangyuansi. . Blogcn. . Com /. .

China Hong Kong report displays from 1 April 2004 to April 1, 2005, the annual salary for HK $-Lin 3365000 = RMB3028500 element, the average monthly income of HK $ 280416 = RMB252375 element (using the personal income tax software to calculate the discounted RMB800 element and the "gold"), the average monthly income payable RMB77391 element * 12 month = annual pay personal income tax of $ RMB928692.


Will Lin Yang April 1, 2004 to 2005 during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB928692-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Hong Kong, China report showed April 1, 2005 to 2006, the period between April 1, Lin Yang annual salary of HK $ 3972000 元 = RMB3574800 dollars, the average monthly income of HK $ 331000 元 = RMB297900 dollars (calculated using personal income tax software, deduction of RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB93830 * 12 months = annual income tax payable RMB1125960 dollars. .


Ask-Lin 1 April 2005 to April 2006, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax due from Hong Kong, China report RMB1125960 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


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Hong Kong, China report showed April 1, 2004 to 2005 period from April 1, China Zhi-year salary of HK $ 2167000 元 = RMB1950300 dollars, the average monthly income of HK $ 180583 元 = RMB162525 dollars (using the personal income tax software calculated after deducting RMB800 yuan and the "Four Golden"), the average monthly personal income tax payable RMB44236 element * 12 months = annual income tax payable RMB530832 dollars. .


Will China believed, 1 April 2004 to April 2005, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax due from Hong Kong, China report RMB530832 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


China Hong Kong report shows 1 April 2005 to April 1, 2006, China's annual salary to Edwin, HK $ 1830000 = RMB1647000 element, the average monthly income of HK $ 152500 = RMB137250 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB34550 element * 12 month = annual pay personal income tax of $ RMB414600.


Will the Chinese well-being on April 1, 2005 to April 2006 period 1 in Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB414600-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


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Haidian District, Beijing Bureau rent inspection, administrative enforcement of alleged internal corruption corrupt after malfeasance.


1, Haidian District, Beijing Local Tax Inspection Board Report Center Lee in February 19, 2008 reply to investigate the results. .


2, tax inspectors examined the Kuo-Lin Li Qin, and Edwin and others in the year beginning on 1 January 2004 to 31 December 2006 and ending on the accounts.


3, "Digital China" refuses to submit Li Qin, Guo Wei and Lin Yang and Hua-being in Hong Kong Inland Revenue Department and others in the original tax certificate. .


Question: in January 2004 to November 2004, Kuo is to pay personal income tax, why not turn Li Qin personal income?.


4, 2005, Li Qin, "Digital China" has made more than 290 million in revenue. .


Question: why do the results of its investigation and the evidence submitted by the "digital" 2005-2006 annual reports inconsistent?.


5, 2006, Li Qin, "Digital China" has made more than 307 million in revenue. .


Question: why do the results of its investigation and the evidence submitted by the "digital" 2005-2006 annual reports inconsistent?.


6, because the Li Qin is a special contribution to scientific experts, has reached retirement age, so the required duty-free treatment. .


Question: under the "digital" 2005-2006 annual report shows that this is Li Qin in "digital" work of annual salary.


"Digital China" products are the invention of scientific research achievements of its staff work, just use the patent registered in the name Li Qin. .


7. January 2004, Kuo-should be left to individual income tax to 40 million, the original has been subject to personal income tax 40 million, no problem.


Doubt: April 1, 2004 to 2004 period on November 31, Guo Wei, the average monthly personal income tax payable RMB171403 element * 8 months = RMB1371224 personal income tax payable per -40 million = difference more than 90 million lost to? . .


8, Kuo-December 2004 to December 2006 in the "digital" no earnings.


Question: Why do the results of its investigation and the evidence submitted my "Digital China" Annual Report 2005 to 2006 is inconsistent then? . .


9, Kuo is the Director of HC international consulting co., Ltd., after-tax income of $ 8 million, approved in accordance with the provisions of the tax.


10, Lin Yang from 2005 to 2006 in the "Digital China" does not get revenue. .


Question: in January 2004 to November 2004, Kuo is to pay personal income tax, there is no cross-Lin why? personal income tax.


Why are the results of its investigation and the evidence submitted my "Digital China" Annual Report 2005 to 2006 is inconsistent then? . .


11, help that the year 2005-2006 in the "digital" no earnings.


Question: from January 2004 to November 2004, Guo Wei must pay personal income tax, well-being in China why not pay personal income tax? . .


Why its investigation results and the evidence submitted by the "digital" 2005-2006 annual reports inconsistent?.


12,2008 on February 25, Haidian District, Beijing Local Tax Inspection Bureau chief Miss Guo Re: consult the leadership has been re-verification of the case. .


13. March 2008, Haidian District, Beijing Bureau Chief of the rent check Ms. Guo: Tax Office is being adjusted, such as determining Director leadership after the verification in this case.


In April 14,2008, Beijing Haidian District Tax Inspection Board Report Center Lee replies have been closed, while the head of Miss Guo claimed is coordinating the verification. .


15, 2008 in early may, Haidian District, Beijing Bureau Chief of the rent tax return is Ms. Guo, as regards the verification from multimillionaires Kuo how to become a billionaire, should you want to pay the personal income tax not to investigate.


On 1 June 17,2008, in Beijing Local Taxation Bureau website, I again put in to report complaints directly to the letter. .


18, 3 June 2008, Haidian District, Beijing Bureau Chief of the tax inspection? ?? ' ? ? Ms. Guo "digital" has been submitted, Kuo-Lin Li Qin and believed in China and in Hong Kong Inland Revenue Department on 1 January 2004 to 31 December 2006, the original of the tax voucher. But it wouldn't let me listen to the latest inspection reports, so that I could not check under tax law.


Question: Since Li Qin, Guo Wei and Lin Yang and Zhi-Hua, who has been in Hong Kong Inland Revenue Department tax, why in the "Digital China" in Hong Kong accounts do not have a reaction? . .


19, 2008 on 3 June, Haidian District, Beijing Bureau Chief of the rent tax still insists on Ms. Guo refused to investigate how multimillionaires Kuo has become a billionaire, ought to pay personal income tax issues.


20,2008 on August 11, Haidian District, Beijing Local Tax Inspection Board Report Center Lee is examining the case back. .


21, September 1, 2008, Beijing Haidian District rent Inspection Bureau report Centre has not been received in reply to Mr. Li Li Qin, Kuo-Lin and China and Edwin, et al. taxes.


22,2008 on October 8, Beijing Haidian District Tax Inspection Board report center Guoke Chang and Lee answered that the case raises very seriously, re-verification of the case. .


23, December 16, 2008, Beijing Haidian District rent Inspection Bureau Chief, and reporting centre Guo Li reply is still insist, for the first time, and as a result, no issue has been closed.


24, according to media reports in 2008 publicly Haidian District, Beijing Local Taxation Bureau is responsible for auditing operations and inspection of the former Chief Secretary Xiongmou Procuratorate Zhang has been apprehended after the conviction and sentence by the court. .


25, I hereby request the Beijing Haidian District Tax Inspection Bureau digital personal income tax of the prize.


26, 1000 Reduction of Digital China Guo Wei, Chairman of shares, cash in 50 million dollar 2009-07-20 Source: ZDNet reports. .


NetEase tech news on July 20, according to the Nikkei information display, digital China President Kuo Declaration on July 15, reduction of 10 million shares, the average price of HK $ 5 per share, from 41.51 per cent to 40.47 per cent. Digital China today transmit 5.54 2.97 percent, turnover of 1428 million.


27, Guo Wei reduction of share capital 2009-07-22 raise individual sources (Guangzhou) Southern Metropolis Daily, order: Chen Xixi. .


Digital China declared Chairman of the Board of Directors of Kuo 15 July holdings of 10 million shares, shareholding again from 41.51 per cent to 40.47 percent, average price per share of about 5%, for 50 million personal gains. Digital China spokesman said, this is a substantial lessening Kuo personal finance needs, regardless of the company's future strategy.


28, ancient heroes are Robin Hood, and only kill corrupt officials; modern Inland Revenue Department is the rich, post-slaughter civilians. .


With billionaire tax not collected, but only accept wage tax (Moon tax, taxes, transportation allowances, welfare annuity tax taxes, subsidies, tax).


29, Lenovo executives cash frequently, after following the Yang, Guo Wei, Chairman of Digital China Hong Kong dollars 343 million in cash 2010-3-26 Guangzhou Daily, Reporter: Xue Song. .


Last week, the outgoing message from the Hong Kong stock exchange, the Lenovo Group CEO Yang in one week earlier for three consecutive days, the sale of shares in cash 3082 million. Similarly, the non-Executive Director Mary Ma also in two days the amount of the subscription are different and sold the stock. Together about 5450 million cash.


Yesterday, the Stock Exchange data, Digital China (00861.HK) Chairman Guo Wei on March 18 13.7 Hong Kong dollars per share over the counter, reduction of 2,500 million shares to 27.76%, the Hong Kong dollar 343 million in cash Digital China fell 3.785 percent yesterday. Stock Exchange data showed, Hony Capital is also the same day the stock holdings of 2,500 shares of Digital China, a price of 13.7 Hong Kong dollars per share, equity holdings from 30.22% down to 27.67 percent. .


30, yet the original problem involving economic Secretary Wangjiping is double gauge.


"China Times" reporter was informed from a source, former director of the Beijing Municipal Local Taxation Bureau, Beijing Municipal CPPCC Wang Jiping economic issues involved have been under investigation. "Main problem is the information system." The source told this reporter, Wang Jiping arrested in Beijing's bidding in the land tax system, the implementation of accepting bribes. .


Insider, wangjiping, who were asked, already in Beijing announced within the system. As far as I understand it, this case also involves other officials of strengthened internal, "it is said that there are a few of which involve the Director, has been found. "Informed sources said that Beijing Municipal into relatively passive, has been treated as typical of the entire Beijing, global in fighting corruption. April 23, the reporter times to dial the phone yet website are unanswered. In addition, the current concern issues such as the real estate tax reform, yet never stand.


It is said Wang Jiping earlier been checked before and after the Spring Festival this year, a retired State Administration of Taxation officials have been told this reporter said that he really had heard the news about Wang Jiping checked. .


Insiders on the Huaxia times indicated by the relevant departments of the initial verification, the amount involved wangjiping thousand million RMB. It is learnt that the wangjiping, studied at the Beijing Municipal Government departments to implement a new set of information integration system, yet has invested significant amount of custom development of the information system. And the letter system maintenance of information systems Security Center (hereinafter referred to as the operation and maintenance center), former Director, diao-column and together with the officials wangjiping..


Beijing Local Taxation Bureau site shows, operation and maintenance responsibilities of the first work of the Centre is responsible for the safe operation of the global information systems security work. View the night's April 22 Beijing Local Taxation Bureau Web site found that the offices at the division site offices at the division leader column, only two deputy director of the list, and no director, cunning, and dimensional column name has disappeared. However, the official website of Beijing CPPCC, Wang Jiping's name is still one. .


As far as I understand it, yet the original right to the Deputy Secretary-USSR, is also in place yet for wangjiping number two, in earlier times already. As the Deputy Secretary-USSR, was well is wangjiping, in charge of personnel, Office, Office, etc, will power, Dongcheng District, Chaoyang District taxes-taxes are also responsible for management and operational guidance. Prior to this worked at Su to Beijing's Tongzhou District Deputy District, half a year in wangjiping retirement after April 2009 is the discipline departments..


Open the message is displayed, this year on January 28, Mu-Ping, Beijing's Procuratorate in Beijing People's Congress session report on the work done by the prosecution to disclose, in Beijing's Procuratorate in 2009 investigating crimes committed in the case, including the Fengtai District Fei Xu, former director of the Inland Revenue Department and other tax system and 14 cases suspected of job-related crimes. As Wang Jiping Su former subordinates the right to have involved such as checked Fei Xu and Wang have naturally become the focus of the departments concerned, said that rumors about its connection with the case as early spread in the industry. .


The most recent wangjiping publicly reported, is its Beijing this year during the discussion on property tax issues, then soon outgoing message to be checked.


Ruan Ruhui comment: Beijing Local Taxation Bureau of Information Systems CTAIS2. .0 Is the construction by the Digital China, the Beijing Local Taxation Bureau accepting bribes Digital China will refuse to investigate, after Guo Wei's personal income tax issues. .


Supplementary proofs has been routed to http://blog. .chinaunix. .net/u1/33680/blog http://mryuanruhui. .cublog. .cn/please download themselves.


31, 9.8% Digital China Management holdings into the largest shareholder 2010.05.19 20:02 Netease technology Wangjie Cong. .


NetEase tech news on May 19 in the evening news, the Hong Kong Stock Exchange announcements just disclosure, Lenovo holdings under IT distribution IT consolidation services enterprise digital company's equity. By Kuo-oriented management holdings offshore companies KIL, 10.5 HK prices Lenovo holdings overseas Ltd, a wholly-owned subsidiary of naming 9.8% stake acquired, KIL has also become a digital first major shareholder. Digital China, this transaction has been completed and approval. Lenovo holdings in digital share will be reduced to 5.52%. The KIL's stake increased from 8.76% to 18.56%. Announcement shows the company will KIL Ming sell 100 million shares, a price of 10.5 Hong Kong dollars per share, compared to today's closing price of 10.68 Hong Kong dollars, will be a discount of approximately 2%. Digital closed down 3.26% today, the Hong Kong dollar 10.68 per share. .


Digital China management holdings 9.8% source: NetEase Tech News 2010.05.19 19: 32-Peng.


SAN FRANCISCO May 19, according to HKEx data, Digital China will increase its 100 million shares of the management of the company's shares, or about the date of this announcement, the Company has share capital of 9.8% in hair. The average price of 10.5 Hong Kong dollars per share, the management of its equity holdings from 8.76% to 18.56% increase in the purchase price of 105,000 million Hong Kong dollars. .


Digital China management holdings, Lenovo holding 10 billion transfer 10 per cent stake in 2010-5-25 Sina Tech News 14: 33.


May 19 evening news, according to the Hong Kong Stock Exchange announcement revealed that Digital China Holdings Limited significant changes in ownership structure. Guo Wei as a major shareholder in an overseas company, KIL, will buy 1.05 billion Hong Kong dollars overseas wholly owned subsidiary of Legend Holdings Inc. Lane Limited (RLL) in Digital China in 9.80% of the shares held. Digital China, said the deal had been completed the relevant approval. The transaction is completed, Lenovo Holdings Limited Digital China still retained 5.52% of the shares in proportion. .


Digital China President holdings 1 million as the largest shareholder 2010.05.20 Sina financial 11: 00.


Sina Financial News May 20 News, Digital China is reported 11.18 Hong Kong dollar rose 4.68 percent. The company reported 10.5 per share Guo Wei, Chairman of the Hong Kong dollar, the other shareholders to acquire 100 million shares Lane Limited number of shares of God, involving 1.05 billion Hong Kong dollars capital, so that shareholding increased to 18.56%, as Digital China's largest shareholder. Transaction, the holdings of the Southern Ming fell to 4.05%. .


Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal information click on the document and then click open my documents after Lenovo digital download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.


Lenovo surged 12 times the upper salary, Yang last year (April 1, 2005 to April 1, 2006) pay 21.75 million. .


According to Hong Kong media coverage of the Ming Pao, Associate Director and senior salary last year (1 April 2005 to April 1, 2006) rose sharply, Chairman Yang yuanqing salary from previous year (April 1, 2004 to April 1, 2005) 424 million (for the Hong Kong dollar, the same below) to go to the year (1 April 2005 to April 1, 2006) 2175 million, overall directors and remuneration of the most high, the previous year (April 1, 2004 to April 1, 2005), rose to $ 1270 year (1 April 2005 to April 1, 2006) 1.75 billion explosion 12.8 times . .


According to Lenovo, Lenovo's annual disclosure of Directors in the period have been substantially increase, which remuneration by Yang year (April 1, 2004 to April 1, 2005) to $ 424 million in 2005-06, an increase of $ 2175 more than 4 times, Mary Ma, Lenovo's Chief Financial Officer from the former year (April 1, 2004 to April 1, 2005) 301 million over last year (1 April 2005 to April 1, 2006) 961 million.


In addition, the association before the five highest paid individuals of remuneration, but also from the previous year (April 1, 2004 to April 1, 2005) 580 million to last year (April 1, 2005 to 2006 April 1) of 28.53 million yuan, while the overall directors and remuneration of the most high-income earners, from the previous year (April 1, 2004 to April 1, 2005) of 12.7 million yuan, increased from last year (2005 on April 1 to April 1, 2006) 1.75 billion, surged 12.8 times.At the end of the resigned Lenovo Group CEO Ward-group of eight months remuneration 1.12 billion, Ward resignation of Lenovo Group from Dell high over the newly appointed CEO Leo Amery for about 3 months salary has reached $ 1883.


In accordance with the Annual Report (April 1, 2005 to April 1, 2006) revealed an increase of Lenovo Group non-executive directors during the period and the number of independent non-executive directors and remuneration, the number from the previous year (April 1, 2004 to April 1, 2005) of 4 to 10, while the average salary by about 200 per million to about 400 million, for the above statement, Lenovo Group, declined to comment on the relevant parties. .


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1, if Liu (the current president of Legend Holdings Ltd.) did Mary Ma, from the "debt holdings," groan the benefits of becoming a billionaire and Rich Wives, it should be allowed to pay personal income tax. .


2. Lenovo layoffs after saving the money into the Yang and Mary Ma, wallet, "four" is a gross salary, monthly in accordance with the scale basis instead of a one-time upfront payment of more than 10 years of "gold", it should be subject to personal income tax, if the Commissioner to refer the case to the police and the prosecution and the Court to a fine of up to five times.


3, 斯蒂芬沃德 working 8 months to reach 112 million payment and Amelio annual salary more than 40 million yuan, if the cost of the board of directors over management fees or tax wage standard limit? Need to do to pay corporate tax adjusted income tax? . .


4. July 2007, the IRS site in Beijing the "mail" directly inject Secretary reports, Li Ying Jia to acknowledge receipt of the Audit Bureau, Beijing city national has not yet responded.


Hong Kong, according to documents provided by me April 30, 2005, Lenovo Group Ltd. signed a service contract with 斯蒂芬沃德; December 20, 2005, Lenovo Group Ltd. signed a service agreement with Amelio; their salaries should be Lenovo Group Limited is reflected in the accounts. .


5, from April 2004 to December 2006, Yang is a Director of Lenovo Group Ltd., then their actual income (including dividends and dividend)? how much should be paid? personal income tax.


6, from April 2004 to December 2006, Liu actual annual income (including dividends and dividends) How much? How much should pay personal income tax? . .


7, from April 2004 to December 2006, the MOH Chao actual income (including dividends and dividend)? how much should be paid? personal income tax.


8, from April 2004 to December 2006, Mary Ma, Lenovo Group Ltd is also a director of Sohu is Standard Chartered Bank (Hong Kong) Limited, its actual annual income (including dividends and dividends) How much is ? How much should pay personal income tax? Lenovo is in breach of heaven: not to engage in a second job? . .


9, because the "Lenovo" and "digital" are two different legal entities, i.e. two different companies, yet should be calculated separately and bonuses.


10, "four gold" means 8% of pension payments, health insurance, 2% gold, 1% of unemployment insurance payments, housing, 7% gold reserve. .


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Hong Kong, China report showed April 1, 2004 to April 2005 period 1, "Lenovo" and "Digital China" has Maochao annual salary (HK $ 775000 yuan, that RMB697500 element + HK $ 708000 yuan, that RMB637200 dollars) = HK $ 1.483 million yuan is RMB1334700 dollars, the average monthly income of HK $ 123583 元 = RMB111225 dollars (using the software to calculate personal income tax, net of RMB800 yuan, has Maochao has reached retirement age, no less "Four Golden"), the average per month pay personal income tax RMB34316 element * 12 months = annual income tax payable per RMB411792。.


Will have Maochao April 1, 2004 to April 2005 period 1 in China Mainland, "Legend" and "Digital China" declared monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB411792-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Hong Kong, China report showed April 1, 2005 to April 2006 period 1 "Digital China" has Maochao annual salary of HK $ 1117000 元 = RMB1005300 dollars, the average monthly income of HK $ 93083 元 = RMB83775 yuan (use of personal income tax calculation software, net of RMB1600 yuan, has Maochao has reached retirement age, no less "Four Golden"), the average monthly personal income tax payable RMB22495 element * 12 months = annual income tax payable RMB269940 dollars. .


Ask the MOH Chao-1 April 2005 to April 2006, 1 in China mainland "digital," declared the monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax due from Hong Kong, China report RMB269940 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


China Hong Kong file displays the 1 April 2006 to 31 December 2006, the date of the "digital" Mau Cho annual salary for HK $ 997000 = RMB897300 element, the average monthly income of HK $ 83083 = RMB74775 element (using the personal income tax software to calculate net of $ RMB1600 MOH Chao has reached retirement age, there is no deduction for the "gold"), the average monthly income payable RMB19236 element * 9 months = should be $ RMB173124. personal income tax.


Will have Maochao April 1, 2006 to December 2006 31 in mainland China, "Digital China" declared monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB173124-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


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China Hong Kong report displays from 1 April 2004 to April 1, 2005, the annual salary for HK $ critic 4135000 = RMB3721500 element, the average monthly income of HK $ 344583 = RMB310125 element (using the personal income tax software to calculate the discounted RMB800 element and the "gold"), the average monthly income payable RMB98701 element * 12 month = annual pay personal income tax of $ RMB1184412.


Will Liu April 1, 2004 to 2005 during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB1184412-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Hong Kong, China report showed April 1, 2005 to 2006, the period between April 1, Liu annual salary of HK $ 416000 元 = RMB374400 dollars, the average monthly income of HK $ 34666 元 = RMB31200 dollars (using the software to calculate personal income tax, net of RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB4621 yuan * 12 months = annual income tax payable RMB55452 dollars. .


Ask the critic of 1 April 2005 to April 2006, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax payable in Hong Kong report RMB55452 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


China, Hong Kong, the report displays the 1 April 2006 to 31 December 2006, the annual salary is US $ critic 598000 = HK $ 4664400 = RMB4197960 element, the average monthly income of US $ 49833 = HK $ 388700 = RMB349830 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB112992 element * 9 months = should be $ RMB1016928. personal income tax.


Will Liu April 1, 2006 to December 2006 and 31 in mainland China declared monthly income? The total income? How much to pay personal income tax? . .


(Hong Kong report should pay personal income tax of $ RMB1016928-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


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China Hong Kong report displays from 1 April 2004 to April 1, 2005, the annual salary for HK $ Yang yuanqing 4238000 = RMB3814200 element, the average monthly income of HK $ 353166 = RMB317850 element (using the personal income tax software to calculate the discounted RMB800 element and the "gold"), the average monthly income payable RMB101551 element * 12 month = annual pay personal income tax of $ RMB1218612.


Will Yang April 1, 2004 to 2005 during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB1218612-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Hong Kong, China report showed April 1, 2005 to 2006, the period between April 1, Yang annual salary of HK $ 21747000 元 = RMB19572300 dollars, the average monthly income of HK $ 1812250 元 = RMB1631025 dollars (using the software to calculate personal income tax, net of RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB585753 element * 12 months = annual income tax payable = RMB7029036 dollars. .


Ask Yang 1 April 2005 to April 2006, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax due from Hong Kong, China report RMB7029036 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


China, Hong Kong, the report displays the 1 April 2006 to 31 December 2006, the annual salary is US $ Yang yuanqing 4163000 = HK $ 32471400 = RMB29224260 element, the average monthly income of US $ 346916 = HK $ 2705950 = RMB2435355 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB882551 * 9 months = should be $ RMB7942959. personal income tax.


Will Yang April 1, 2006 to December 2006 and 31 in mainland China declared monthly income? The total income? How much to pay personal income tax? . .


(Hong Kong report should pay personal income tax of $ RMB7942959-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Please read the details of Netease blog http://yuanruhui. . Blog. .163. . Com / Sohu blog http://yuanruhui. . Blog. . Sohu. . Com. .


China Hong Kong report displays from 1 April 2004 to April 1, 2005, the annual salary for HK $ Mary Ma 3014000 = RMB2712600 element, the average monthly income of HK $ 251166 = RMB226050 element (using the personal income tax software to calculate the discounted RMB800 element and the "gold"), the average monthly income payable RMB67677 * 12 month = annual pay personal income tax of $ RMB812124.


Will Mary Ma, April 1, 2004 to 2005 during the period April 1 Mainland China reported a monthly income? The total income? How much to pay personal income tax? . .


(China, Hong Kong, the report shall be deposited with the personal income tax of $ RMB812124-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Hong Kong, China report showed April 1, 2005 to 2006, the period between April 1, Ms Mary Ma salary of HK $ 9613000 元 = RMB8651700 dollars, the average monthly income of HK $ 801083 元 = RMB720975 dollars (using the software to calculate personal income tax, net of RMB1600 yuan and the "Four Golden"), the average monthly personal income tax payable RMB249944 element * 12 months = annual income tax payable RMB2999328 dollars. .


Ask Mary Ma 1 April 2005 to April 2006, 1 in China's mainland reported monthly gross revenue?? how much personal income taxes paid in?.


(Personal income tax due from Hong Kong, China report RMB2999328 element - personal income tax paid by the Mainland China) = should pay personal income tax * 5 times = fine. .


China, Hong Kong, the report displays the 1 April 2006 to 31 December 2006, the annual salary is US $ Mary Ma 1667000 = HK $ 13002600 = RMB11702340 element, the average monthly income of US $ 138916 = HK $ 1083550 = RMB975195 element (using the personal income tax software to calculate the discounted RMB1600 element and the "gold"), the average monthly income payable RMB343751 element * 9 months = should be $ RMB3093759. personal income tax.


Will Mary Ma, April 1, 2006 to December 2006 and 31 in mainland China declared monthly income? The total income? How much to pay personal income tax? . .


(Hong Kong report should pay personal income tax of $ RMB3093759-mainland pay personal income tax) shall be equivalent to the personal income tax = * 5 times = fine.


Please read the details of Sina http://blog. . Sina. . Com. .cn / yuanruhui blog http://blog. . Sina. . Com. .cn / mryuanruhui. .


Haidian District, Beijing Bureau rent inspection, administrative enforcement of alleged internal corruption corrupt after malfeasance.


On December 1,2006, Haidian District Tax Inspection Board chai Re:. .


Tax inspectors examine the Yang of accounts, as Yang refused to admit that the annual salary is $ 2175, so no problem.


On December 2,2007, Haidian District Tax Inspection Board and the Chief of Miss Guo Chai and Lee answer a problem. .


3, Stephen Ward and Leo Amery the "Hong Kong" payment, you should associate in Hong Kong or the United States declared subject to personal income tax, land tax, Haidian District, Beijing, China; the inspection authority belongs to the corporate income tax, tax inspection Bureau levy.


Question: Lenovo Group is only then in May 2005 the headquarters moved to the United States, from December 2004 to April 2005, 斯蒂芬沃德 have in Beijing. .


4, Mary Ma now is China in Hong Kong, mainland China without having to pay the personal income tax, tax in Hong Kong, Beijing Haidian District Tax Inspection Bureau.


Question: what is the time to Mary Ma, a Hong Kong people? If she was in the December 31, 2006 only after obtaining lawful permanent residence in Hong Kong is the Hong Kong people, then she should be in accordance with the Personal Income Tax Law of China was submitted the December 31, 2006 before the personal income tax. .


5. inspectors have actually examined the DPRK and the critic and Mau Yang on April 1, 2004 until April 1, 2006 and ending on the accounts, they should pay the personal income tax by $ RMB9309380 already subject to personal income tax, now $ RMB9172040 re-supplying the personal income tax by $ fine RMB137340 RMB6, 000, total 8 thousand dollars RMB20 million.


Doubt (1) In accordance with the tax inspectors to say: the actual inspection period April 1, 2004 until April 1, 2006 date. .


MOH-DPRK should pay personal income tax (Lenovo and $ + shenma RMB411792 Shenma RMB269940 RMB) = $ RMB681732.


Personal income tax payable RMB1184412 Liu Yuan + RMB55452 element = RMB1239864 dollars. .


Yang yuanqing should be left to individual income tax of $ + $ RMB1218612 RMB7029036 = RMB8247648 element.


Total personal income tax payable RMB10169244 three dollars - had already paid income tax RMB9172040 element = should pay individual income tax 997,204 yuan. .


Three people together should be equivalent to the meta-personal income tax is now RMB997204 re-supplying the personal income tax on the difference between the $ = RMB137340 859864 loss where to?.


Total personal income tax payable RMB10169244 three dollars - the inspection report shall be deposited with the difference between personal income tax RMB9309380 yuan = 859,864 yuan loss to? . .


I can get a bonus to be equivalent to the personal income tax of $ * 5% RMB997204 to 10% = $ RMB5 million.


Doubt (2) in accordance with the inspection report and the period prescribed tax receipt: January 1, 2005 until December 31, 2006 date, three total personal income tax payable for the RMB17191143 dollars. .


Page〈 1 > 1 January 2005 until 1 April 2005, three people together should pay $ RMB703704. personal income tax.


"Legend" and "Digital China" has Maochao average monthly personal income tax payable RMB34316 element * 3 months = personal income tax payable RMB102948 dollars. .


LIU Chuanzhi average monthly should be left to individual income $ * RMB98701 3 months = should be $ RMB296103. personal income tax.


The average monthly personal income tax payable Yang RMB101551 element * 3 months = annual income tax payable RMB304653 dollars. .


Page〈 2 > 1 April 2005 to April 1, 2006, three people together should be $ RMB7354428. personal income tax.


"Digital China" has Maochao RMB269940 personal income tax payable per year. .


LIU Chuanzhi annual pay personal income tax of $ RMB55452.


Yang RMB7029036 per year personal income tax payable. .


Page〈 3 > 1 April 2006 to 31 December 2006, the three men together should be $ RMB9133011. personal income tax.


"Digital China" has Maochao RMB19236 average monthly personal income tax payable per * 9 months = personal income tax payable RMB173124 dollars. .


Yang an average monthly income payable RMB882551 * 9 months = should be $ RMB7942959. personal income tax.


Liu average monthly personal income tax payable RMB112992 element * 9 months = personal income tax payable RMB1016928 dollars. .


6, because the Lenovo Group in Hong Kong, China, for the financial year 1 April each year until the second year to 31 March, while in mainland China accounting year with effect from 1 January to 31 December, the inspection report and opened a tax receipt for the period 1 January 2005 until 31 December 2006..


Question: is the monthly payment for personal income tax (introduced in 2006 was more than 120,000 yuan on self-declaration of income tax) monthly inspections, so there can be no question of the timing differences. .


In accordance with an inspection report and opened a tax receipt for the period: 1 January 2005 until 31 December 2006, the three men together should be left to individual income tax to $ RMB17191143.


Total personal income tax payable RMB17191143 three dollars - had already paid income tax RMB9172040 element = should pay individual income tax 8,019,103 yuan. .


Three people together should be equivalent to the meta-personal income tax is now RMB8019103 re-supplying the personal income tax on the difference between the $ = RMB137340 7881763 loss where to?.


Total personal income tax payable RMB17191143 three dollars - the inspection report shall be deposited with the difference between personal income tax RMB9309380 yuan = 7,881,763 yuan loss to? . .


I can get a bonus to be equivalent to the personal income tax of $ * 5% 8019103 to 10% = 10 million.


7,2008 on February 19, Haidian District, Beijing Local Tax Inspection Board Lee answered again: re-examination of the accounts, still only received 20 million. .


8, February 25, 2008, Beijing Haidian District Tax Inspection Bureau, Ms. Kuo has asked again Re: leadership, the verification of this case.


In the end of March 9,2008, Haidian District, Beijing Local Tax Inspection Bureau chief Miss Guo reply again: the ongoing tax personnel adjustments, such as verification to determine the case again in her direction. .


10 April 2008, Beijing Haidian District Tax Inspection Bureau reporting centre, Mr. Li has been closed, and the reply Kuo Lady said is coordinating the verification.


In May 11,2008, Beijing Haidian District Tax Inspection Bureau chief Miss Guo return is verified, saying Ms Mary Ma has not "associate" work. .


Question: under the "legend" annual report 2006-2007 and 2007-2008 annual report and 2008-2009 annual report shows there are Mary Ma, why would you lie annual salary?.


12,2008 on June 3, Haidian District, Beijing Local Tax Inspection Bureau chief Miss Guo reply mistakes again. .


Because the report "long-term incentive and retention bonuses" and "pension scheme's employer contributions" and "other benefits" to MOH Chao and critic and Yang yuanqing to exercise his right to pay personal income tax, the resulting balance.


Issues (1) report, "the employer's contribution pension scheme" and "other benefits" that Hong Kong's MPF scheme is equivalent to the Mainland, "Four Golden" and the annuity, and has far exceeded the amount. And I was already in the calculation of personal income tax deducted in accordance with the standard "four gold." .


(2) critic has reached retirement age, there is no longer necessary to the pension scheme, the truth is the MOH Chao and critic and Yang et al. bonus is paid in cash, and there is no tax.


Issues (3) in April 2005, the Ministry of Finance, State Administration of Taxation issued the "Stock Options on individual income from individual income tax problem" (Cai Shui [2005] 35) the notice for the first time on the stock option income from individual income tax issues be clearly defined. According to the notification requirement, enjoy the stock options there are three elements to get their one duty: In addition to receiving options was not taxable, the buying, selling (foreign stocks) and enjoy the dividends required to pay taxes. Staff row right, should "wages and salaries," the applicable provisions of calculating individual income tax. .


While I provide the Hong Kong stock exchange file displays the MOH Chao and critic and Yang has in the exercise of their rights, have bought stock and sell the stocks and enjoy bonus, and the Hong Kong stock exchange shall be recorded.


(1) According to the June 27, 2007 re-election of board papers show:. .


The basic annual salary for Yang yuanqing USD584503 Yuan, the annual target bonus year for $ USD974172 long-term incentive awards $ USD2171291 shares, up to a $ = $ USD3729966 HKD29019135 = RMB26117222 element, the "pension plan has not been evaluated by the employer's contribution" and "other benefits such as housing allowance".


Yang has the right to vote 11,408,080 shares of common stock, options 11,250,000 shares, 24,301,351 shares of long-term incentive plans, total 46,959,431 shares. .


Mary Ma ordinary shares have the right to vote, ESO 23568441 shares 6120000 shares, long term incentive plan 7978619 unit equals 37667060 unit.


(2) May 23, 2007 Notice of change management and the board of directors composed display. .


Mary Ma ordinary shares have the right to vote, ESO 23149975 shares 6120000 shares, long term incentive plan 8397085 unit equals 37667060 unit.


(3) October 19, 2006 by the Directors service contracts that:. .


The basic annual salary for Yang yuanqing USD584503 element = $, objectives HKD4547433 bonus to $ = $ USD974172 HKD7579058, long-term incentive awards $ USD2171291 shares = $ total HKD16892644 USD3729966 element = $ element = RMB26117222 HKD29019135, has not yet been calculated "pension scheme's employer contributions" and "other benefits such as housing allowance".


Yang has the right to vote 10,200,000 shares of common stock, options 11,250,000 shares, 9,149,141 shares of stock awards, totaling 30,599,141 shares. .


The basic annual salary for Mary Ma USD328434 element = $, objectives HKD2555217 bonus to $ = $ USD433533 HKD3372887, long-term incentive awards $ USD800000 shares = $ total HKD6224000 USD1561967 element = $ element = RMB10936893 HKD12152104, has not yet been calculated "pension scheme.


Employer contribution "and" other benefits such as housing allowance. ".


Mary Ma ordinary shares have the right to vote, ESO 23074000 shares 6120000 shares, shares in total rewards 2993200 32187200.


(4) July 23, 2005 by the Directors service contracts that:. .


LIU Chuanzhi 16986000 shares of common stock with voting rights, ESO 5250000 22236000 unit.


Mary Ma, the right to vote 23,074,000 shares of common stock, 6.12 million stock options, totaling 29,194,000 shares. .


Yang yuanqing 10200000 shares of common stock have the right to vote, ESO 11250000 21450000 unit.


(5) July 7, 2005 re-election of board papers show:. .


LIU Chuanzhi 16986000 shares of common stock with voting rights, ESO 5250000 22236000 unit.


Mary Ma, the right to vote 23,074,000 shares of common stock, 6.12 million stock options, totaling 29,194,000 shares. .


Yang yuanqing 10200000 shares of common stock have the right to vote, ESO 11250000 21450000 unit.


(6) April 30, 2005 Board Changes file shows:. .


LIU Chuanzhi 16986000 shares of common stock with voting rights, ESO 5250000 22236000 unit.


(7) December 31, 2004 Lenovo acquisition of IBM documents:. .


LIU Chuanzhi 16986000 shares of common stock with voting rights, ESO 5250000 22236000 unit.


Mary Ma, the right to vote 23,074,000 shares of common stock, 6.12 million stock options, totaling 29,194,000 shares. .


Yang yuanqing 10200000 shares of common stock have the right to vote, ESO 11250000 21450000 unit.


Have the right to vote Maochao 8.68 million shares of common stock, options 1.6 million shares, totaling 10.28 million shares. .


(8) on 15 June 2004 re-election of Directors documents show:.


Have the right to vote Maochao 8.68 million shares of common stock, options 1.6 million shares, totaling 10.28 million shares. .


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Lenovo employees on restructuring state-owned enterprises made for the purchase of shares of the labor dividends from individual income tax issues approval notice. .


Local tax: Beijing.


Your Council "on the Lenovo Group of Beijing Local Taxation Reform EXEMPTION state-owned shares granted to the employees for Instructions on Individual Income Tax" (Beijing rent a [2001] No. 411) has been received. Communication reflects Lenovo approved by the relevant, established a property right incentives, will be retained for many years in the business should be allocated to staff and workers dividend (1.63 million), allocated to individual workers, for the purchase of state-owned enterprises equity (35%), then held in the form of ESOP Association Lenovo Group holding company's shares.Your Council, Lenovo Group holding company employees for the purchase of State-owned equity dividends, mutatis mutandis, to the work of the State administration of taxation on corporate reorganization process individuals quantization assets of personal income tax (IRS issued 60, 2000]) deferred tax income. Reply by the study are as follows:.


1, the company's employees made for the purchase of state-owned shares of the labor dividends, not cf 〔2000〕 Guoshuifa the provisions of article 60 to suspend levy personal income tax. The reasons are: (State Administration of Taxation November 9, 2001 Guo Shui Han 〔2001〕 No. 832). .


(A) both the premise. The IRS issued (2000) [s] of the 60 man tax moratorium is collectively owned enterprises into joint-stock system reform, Lenovo does not comply with that premise.


(B) the distribution of the two different ways. Guo Shui Fa 〔2000〕 60 to require the suspension of the allocation of tax, corporate restructuring in the enterprise when a quantification of all assets to individual workers, and Lenovo is just leave the labor dividend distribution calendar year. .


2. Lenovo Group holding companies are in business for many years should not divide labor bonus workers, workers ' individual then reinvest part of State-owned enterprises for purchase of shares.


3, according to the aforementioned facts and personal income tax law the relevant provisions of Lenovo employees achieved the holding company for the purchase of state-owned shares of the labor dividends should be "wages and salaries" item, collect personal income tax, tax by the Legend Group Holdings the company withheld. .


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13, according to media reports in August 2008 the public, Yang returned to Beijing Olympic Games in handling matters. .


14, August 11, 2008, Beijing Haidian District rent Inspection Bureau report Centre Mr. Lee insists that the results of the investigation, it wouldn't let me listen to the latest inspection report.


15,2008 on September 1, Haidian District, Beijing Local Tax Inspection Board Report Center Lee replies have been closed, or the results of original investigation, or did not let me listen to the latest inspection report, are willing to pay 1030 yuan bonus cents a fraction money. .


16, 2008-October 8, Haidian District, Beijing Bureau rent inspection report Center Director Raymond and Mr. Li case cause leading to answer the verification in this case.


17,2008 12 16, Haidian District, Beijing Local Tax Inspection Board report center Guoke Chang and Lee insisted on the original return is the first investigation results where no questions have been closed. I hereby solemnly declare that refused to receive that bonus 1030 yuan pennies and cents (with round-trip transportation is not enough) and continued throughout the news media to disclose the truth. .


18, according to media publicly reported in 2008 Beijing Haidian District local taxation Bureau is responsible for auditing the business of the former Secretary and Chief Xiong Zhang checks have been brought to the public prosecutor's Office by the courts convicted.


19, according to media reports the public May 28, 2009 Lenovo Group chairman Liu and chairman, president Liu Jun, Yang returned to Beijing to attend the wedding of Shirley with the supermodel. .


. .


21, I hereby request the Beijing Haidian District Council rent check immediately grant Lenovo personal income tax in the case of the prize. Since I started in September 2006 in Beijing Municipal Web site directly into reports, and the inspection report and opened a tax receipt for the period 1 January 2005 until 31 December 2006, so it should be standard in accordance with the 2006 award-bonus.


22, also I think that April 1, 2008 is declared Mary Ma, Yang and pay in January 2007 to December deadline for personal income tax during the period, Haidian District, Beijing Local Tax Inspection Board in accordance with my offer on Oct. 19, 2006 approved Directors service contracts to determine Yang's 2007 annual salary for the yuan and HK $ 29019135 Mary Ma, the annual salary of HK $ 12152104 in 2007 dollars, received a Mary Ma, Yang and the personal income tax in 2007, it should pay the bonus. .


23, I even put those supplementary proofs all burned out, will not be any cheaper certain tax audit Bureau is RMB service of corrupt officials, those corrupt elements will only report the use of my material tax (as for their taxes really into the unknown, and may be private swallowed) after deduction of eat my bonuses or to harbour having Mau Cho and critic and Yang and Mary Ma and laizhang don't give bonuses.


24, Yang Lenovo to sell 30.82 million shares to buy a 03 dollar a 18,13:13:45 original 2010, Oriental Morning Post reporter, Zhou Ling. .


From March 9, three days, the Lenovo Group (00992.HK) CEO Yang and Lenovo another senior non-Executive Director Mary Ma repeatedly sell company stock held by individuals, including cash about 3082 Yang yuanqing, Mary Ma also profit of HK $ 300 million. Lenovo Group, the executives said yesterday that it is the individual's behavior, does not affect the company itself.


Hong Kong Stock Exchange data showed on March 9 Yang Hong Kong dollar 4.072 per share subscription price of 271.6 million shares. Day, to 5.344 Hong Kong dollar selling price of 321.8 million shares. March 10, to 5.40 Hong Kong dollars Yang sold for 150 shares, 11 Youyi 5.52 price sold 100 shares of HK. After throwing three shares, Yang Lenovo shares held by the approach of 0.9% from 0.96%. .


Lenovo also Mary Ma non-executive directors on March 9, a 10-course at HK $ 3.474 2.245 and exercising the Lenovo 147.4 million shares immediately after the purchase of shares on the same day at the venue to HK $ 5.3 per share and $ 5.371 shares of stock are the same, the two trading profit of about 310 million, shares from 0.38 to 0.37 per cent.


But industry analysts said, because executives choose this time to cash in Lenovo Group shares reached a high stage, is a private financial management behavior. Lenovo Group shares continued to rise this year, from early in January rose 4.5 HK dollar to the current 5.5 or so. Although the second half of 2005 from the high dollar will go the distance of 7, but Lenovo Group analysts also believe that the stock has reached a high stage, the further rise in the short term is unlikely. From the stock sale, the current is a good time to sell. .


25, Yang yuanqing, throwing the fate of Lenovo stock make suspense 2010-03-18 20: 31-1 author: Yi source: Sina (responsible editor: Chih-yuan).


Bit Network (ChinaByte) 3 月 18 AP recently, the Hong Kong stock exchange documents, Lenovo CEO Yang for 3 consecutive days last week to sell shares, cash of about 30.82 million Hong Kong dollars. .


Documents show that Yang on March 9, each at a subscription price of $ 4.072 271.6 million shares. On that day, the price of HK $ 5.344 to sell 321.8 million shares. 10, Yang yuanqing to 5.40 price sold 150 million shares, 11, and the price of HK $ 5.52 to 100 million units sold. After the third shot, Yang yuanqing, Lenovo shares from 0.96 per cent to 0.9%.


26, association directors to sell 170 million shares of stock at 8:22 p.m. on the March 22, 2010 Writer: Gu Long Source: Bit Network】 (Editor: Peng Lirui). .


22 March evening news, Lenovo Group (00992.HK) today announced that the company directors today sold 170 million shares of stock. According to HK $ 4.072 per share price calculation, the aggregate cash about 692 million. 4.072 price HK $ 5.47 Lenovo last Friday closing price premium 25.56 per cent.


Lenovo executives cash in frequent recently, Lenovo CEO Yang and Mary Ma, a non-executive director of several holdings of shares, totaling approximately 53.9 million Hong Kong dollars cash. So, on renewed speculation that Yang quit Lenovo. .


More than a year ago, the economic environment affected, Lenovo is produced by the University of Waterloo, 2005 Association mergers and IBM PCs business three years since the worst. The media also have Lenovo Group Chairman Yang yuanqing affected performance impact will leave. Its the closest Yang said, in recent years, Yang's physical and mental condition of many of the poor, often put himself in a huge Office, a stay is one day. But after a few days, then issued a Lenovo 40 characters, Yang yuanqing clarification announcement said, is to leave a message. February 2009, the face of Lenovo's profits in the IT industry downturn and the plight of overseas markets, Liu and dignity that back. Liu appointed Chairman of the Board back then, Yang was named CEO post, Lenovo Group revive "the willow with" pattern. .


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Personal Income Tax Law and its implementing regulations. .


The first has a domicile in the territory of China, or no domicile in the territory of one year, from inside and outside of China income in accordance with this law shall be subject to personal income tax.


The first residence in the Chinese territory, or not domiciled in the territory of the personal residence for one year, from inside and outside of China derives income, tax payable shall be calculated separately. .


Tax law article 1, paragraph 1, that have residence within the territory of China, refers to individuals as a result of the household, family, economic interests and customary residence in the territory of China.;


Tax Law said the first paragraph of the first in the territory for one year, is in a tax year living in China for 365 days. Temporary departure, not reduced the number of days. Preceding paragraph, the temporary departure, is the first in a tax year does not exceed 30 days or many times less than 90 days of departure. .


The second paragraph in the Chinese territory without residence and not staying for one year, from China, made in accordance with this law shall be subject to personal income tax.


In a person without a home, but in a tax year in a row in China or residence of not more than 90 days cumulative personal, its income source in China, paid by the foreign employer and not covered by the employer organizations in China, places the burden of part, exempted from paying personal income tax. .


Without residence in the territory of China, more than a year for five years following personal, its source of income outside of China, the approval of the competent tax authority, you can just let China companies, enterprises and other economic organizations or individuals to pay part of the subject to personal income tax; living for more than five years, starting from the sixth year, should it come from the proceeds of all outside China subject to personal income tax.


Tax Law Article first, the second paragraph of the income derived from China, is the income source in China; said income from outside China, is the income derived from outside China. .


The following types of income, irrespective of whether the payment locations in China, are derived from the proceeds of the people's Republic of China.


(A) the Employer, performance, etc., made in China to provide services income;. .


(5) the PRC companies, enterprises and other economic organizations or individuals of interest, dividends and bonuses.


The second the following personal income, personal income tax payable:. .


Taxpayer and a tax on the second of two or two above, according to the calculation of the taxable items. In China the two or two above to obtain tax law, article 2, paragraph 1, the second, third, the same income tax consolidation.


Tax Law Article said the scope of the personal income:. .


First, wages, salaries, and refers to.


Individuals because of their office or employment for wages, salaries, bonuses, annual salary increases, labor dividends, allowances, subsidies, and other office or employment-related income. .


7. interest, dividends and bonuses; refers to the personal debt, equity and interest, dividends and bonuses.


On the stock transfer income from individual income tax measures shall be formulated separately by the Ministry of Finance, the State Council for approval and implementation. .


Article 3: personal income tax rate.


First, wages and salaries, for over-taxed at progressive rates to 5 percent to 45 percent (tax rate schedule appended). .


Personal income tax rate in table 1: wage, salary applicable.


Grade Monthly Taxable Income Tax Rate (%). .


1 not more than 500 $ 5.


2 more than 500 yuan to 2,000 yuan section 10. .


3 more than $ 2000 to $ 5000 of section 15.


4, more than 5,000 yuan to 20,000 parts of 20. .


5 20000 $ 40000 part 25.


6 more than 40,000 yuan to 60,000 parts of 30. .


7 60000 $ 80000 part 35.


8 more than 80,000 yuan to 100,000 parts of 40. .


9 some of the more than $ 100000 45.


(Note: The table referred to the full month of taxable income is in accordance with the provisions of Article VI of this Law, to monthly income after deducting the balance of costs 800 yuan or less the additional deduction for expenses to the balance). .


Fifth, royalties, interest, dividends and dividend income, income from lease of property, property transfer, income and other income, tax rates, tax rates applicable to the proportion of 20 per cent.


Article IV of the following personal income exempt from personal income tax:. .


First, provincial, State ministries and the Chinese people's Liberation Army units above, as well as foreign organizations, international organizations, scientific, educational, technical, cultural, health, sports, environmental protection and other aspects of the bonus.


3, issued in accordance with the provisions of national unity subsidies and allowances;. .


Tax law, article 4, paragraph 3, of the said provisions unity in accordance with the national subsidies, subsidies, in accordance with the provisions of the State Council is the Government special allowances and provisions of the exemption of the State of the personal income tax allowances, allowances.


7, in accordance with State regulations distributed to cadres and workers of the settling-in allowance, severance pay, retirement wages, retirement wages, retirement living expenses;. .


10. the financial Department of the State Council approved the tax-free income.


Article VI of the calculation of taxable income:. .


First, wages, salary, monthly income amount minus the fee of $ 800, as taxable income.


From interest, dividends, bonuses, occasional incomes and other incomes, the income amount for each taxable income. .


Tax law article 6, paragraph 1, the sixth item every time income refers to: interest, dividends and bonuses, to pay interest, dividend, dividend income once.


Third paragraph has no residence in China while in China to obtain wage and salary income for a taxpayer who has a domicile in China outside of China to obtain wage and salary income of the taxpayer, according to his average income level, life level and exchange rate changes to determine additional deduction for expenses, additional deduction for expenses scope and standards of the State Council. .


Tax law article 6, paragraph 3, said outside China to obtain income from wages, salaries, refers to the representation or outside China and acquired income from wages and salaries.


Tax third paragraph of Article VI of the additional deduction for expenses, is the deduction of 800 yuan per month in fees, based on the amount of the deduction for the cost of provision. .


Tax law article 6, paragraph 3, of the said additional abatement costs for $ 3200, overseas Chinese and Hong Kong, Macao and Taiwan compatriots, in the light of the provisions.


Tax third paragraph of Article VI of the additional deduction for expenses scope, refer to:. .


(3) in China have shelter while serving in or employed outside China to obtain income from wages and salaries; individuals.


Article VII of the taxpayer's income from outside China, allowed the deduction in the amount of tax payable has been paid to foreign income tax. But the deduction shall not exceed the taxpayer in accordance with this Law outside the income tax payable computed. .


Tax law article 7 that is outside of the personal income tax, which is the taxpayer from income from outside China, sources of income in accordance with the national or regional law should pay and the amount actually paid already.


Tax Law referred to in accordance with Article VII of tax payable computed under tax law, refers to the taxpayer's income from outside China, to distinguish between different countries or regions and different income category, according to the standard tax deduction of expenses under applicable tax rates and The amount of tax payable; the same country or region different taxable items of tax payable for that country or region of the deduction limit.Taxpayer in China a country or region outside the actual payment of personal income tax in accordance with the provisions of the preceding paragraph, which is lower than the figure out of the country or region after deduction limit, it shall pay the difference in China; more than the country or region, the deduction limits shall not exceed the portion of the tax year of tax deduction, but you can in a later tax year of the country or region at the deduction limit balances supplement, supplements for period shall not exceed five years.


Taxpayer in accordance with the provisions of Article VII application for tax deduction in personal income tax paid abroad, the foreign tax authorities should provide payment certificate issued by the original fill. .


Withholding on payments to the individual, the taxable amount shall be in accordance with the tax withholding taxes on time, and a special recording will be recorded. In the preceding paragraph, the payment, including cash payments, paid by dial, transfer and portfolio, physical and other forms of payment.


Article VIII of personal income tax, the income taxpayer, and the paying unit or individual that the withholding agent. Made in two or more wage and salary income and no withholding agent, the taxpayer shall report and pay tax on their own. .


Declaration of taxpayer, should be obtained from the local tax authorities declare tax. Proceeds from the outside, as well as in China two or two above, can be obtained from the taxpayer chose a place; taxpayer change tax stations, should the original approval of the competent tax authorities.


Taxpayers who pay tax in the declaration, its in China have been withholding tax, granted in accordance with the provisions of a deduction from tax payable. .


Article 9 monthly withholding the withholding tax to be paid monthly declaration of taxpayer's tax should be paid within seven days from the last month into the State Treasury and tax authorities submitted to the tax return.


The first wage and salary income tax payable on a monthly basis by the withholding agent or taxpayer in the state treasury within seven days of the month, and the tax authorities to submit tax returns. .


Proceeds from the outside of the taxpayer, should be within 30 days after the end of the year, the amount of tax payable will be paid into the State Treasury and tax authorities submitted to the tax return.


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Lenovo Group Limited Pension News Source: Pension Net January 11, 2008. .


First, the background of the implementation of the annuity.


Lenovo implementation of the annuity is the role of internal and external factors of all aspects of the results. .


First of all, the implementation of the annuity is Lenovo's internationalization strategy. Associative sector through the acquisition of IBM PC became the global leader in PC, after the retirement of employees at home and abroad, let Lenovo's management is aware of the Chinese employees Endowment the importance and urgency of the problem. In Europe, America, Japan, Hong Kong, employees are supporting supplementary pension mechanisms, such as Hong Kong MPF scheme, and the domestic staff of supplementary old-age, but is blank.


Second, the existing social security can not meet the standard of living needs of retired employees association. Before the establishment of enterprise annuities, Lenovo has already established a generous employee benefits security system, but has been retired since the Lenovo employees around the income gap problem is not resolved - during staff in-service the higher the income gap between retirement will Yueda. .


Once again, Lenovo retention and attracting staff needs. Lenovo is the key to success, Lenovo is a step by step walk today, it is because the Association has been focused on the discovery of talents and retention, pay attention to inspire them. Lenovo Enterprise annuity to create an enabling environment for stimulating internal staff, to attract foreign talent to join us, as the company's long-term development provides solid security.


Finally, the state of the enterprise annuity laws and regulations system, perfect for the association to solve the structural problems of remuneration provides a guideline. "Trial Measures for Enterprise Annuity" the promulgation of the association provide a supplementary pension to explore ideas and solutions. June 2005, Lenovo officially approved within the enterprise annuity plan through the establishment of programs, selection of suppliers, staff communication, and promote efficient and orderly.In April 2006 by the Ministry of labour and social security, pension schemes filing adopted on June has also reported the Fund contract, at this point, the Association of corporate pension plans to become a corporate pension scheme promulgated after the Ministry of labour and social security of the country, the record company 0001 annuity plan!.


It is in these policies under the guidance of enterprise annuity plan Lenovo was able to be so smooth. Can be said that enterprise annuity program implementation Lenovo Lenovo International human resource strategy is an important part, not only to retain existing staff incentives will play a huge role in attracting talented people to join the outside world, especially in international talents Lenovo, will play an important role. .


2. the main elements of the plan.


(A) mechanism. .


Lenovo based annuity management policies and regulations, in a spirit of fairness, impartiality, openness, and annuity accreditation for professional service organizations for public bidding. In the end, the safely endowment insurance companies become Lenovo corporate pension scheme trustee; the China Merchants Bank to become a legend of annuity account managers and fund custodians; harvest Fund be associative Enterprise annuity investment managers.


(B) payment method. .


Lenovo corporate pension plan belongs to the collection determines the type (DC), a company jointly with the employee. Enterprise parts according to national provisions prospectively from the company benefits, employee wages a personal rating as base, tax payment; Enterprise payment each year do not exceed the annual total wages on one enterprise and employees together does not exceed the previous year one-sixth of total wages. Companies pay scale and the company's operating performance in the previous year. Lenovo Group all conform to the qualification of officially join the employee can join voluntarily. Worked for more than three years on the staff, Lenovo is also planning to start its current one-time special payment was launched to reward their contribution to the association's history. .


(3) investment policy.


Lenovo annuity investment strategies are based on the principle of voluntary staff, with security, stability and profitability characteristics. That is, to ensure the safety of pension funds under the premise of ensuring the stability of the operation of pension funds and profitability. Therefore, investment products, according to our government's strict limits on the pension investment monitoring model for differences in the proportion of investment restrictions, and preferences for different risks and benefits of employees designed to pursue two different risk and return combinations are available: Capital Preservation Portfolio and the combination of steady growth.By the company to design a specific portfolio, an employee can according to their risk appetite to maximize freedom of choice, to meet the different needs of employees and the ability to take risks.


(D) revenue calculation. .


In carrying out corporate pension plan, Lenovo employees retirement income will reach the retirement of the first three years of the average wage 60 ~ 70%, namely the replacement rate 60 ~ 70%.. for example, if an employee retirement before his average wage for 6000 Yuan/month, if you do not join Lenovo annuity plan, and every month get a pension may be only $ 1320 (22%, the rate of substitution). But if he joined the association pension plan, his retirement is expected to be about a month you can get: 3960 yuan / month (66%; the replacement rate); the replacement rate has reached the level of internationally recognized more satisfactory level. In general, the replacement rate of 60% or more to guarantee pre-retirement standard of living does not decline. (Note: The above figures are only expected, estimates do not represent the true level of achievement.). .


III. questions and experiences shared.


EA is already very popular in foreign pension supplement form, but in China is still a new thing, therefore, the market environment is still immature. Lenovo as annuity 001, encountered some difficulties, but also have some experience to share. .


(A) of the problems encountered.


1. . Personal income tax benefits:. .


With regard to tax issues, the State yet policies, such as: Enterprise annuity is paid or tax before tax after tax to pay, if, after payment is received and the proceeds of the tax, pension (especially in the enterprise as part of the vested personal) is a tax, and so on. I hope the Government sector to the early part of the launch of personal tax payment.


2, annuity transfer mode. .


At present, has developed a corporate pension plans of enterprises are also relatively small, if the employee after the departure of the new employment unit of the enterprise annuity personal account can be used only by the management bodies to continue to manage. If this annuity to achieve talent agencies and management, will make the operational processes more flexible annuity.


(B) their experiences. .


In the pension plan's implementation process, we realized the following points for the success of corporate pension plans have a critical role.


First of all, with staff to carry out in-depth communication is an important prerequisite for pension plan. Before the start of the pension plan, we conducted in-depth with the staff and adequate communication, we introduced a pension plan to the specific content of methodologies. Received their annuity - the country's leading old-age security concepts and innovations of a high degree of understanding and acceptance. This is for us to work later and specific operational staff laid a good foundation. .


Secondly, through a fair, open and fair bidding selection professional annuity service is associated with the smooth implementation of the occupational pension scheme. Lenovo annuity formal bidding from September 2005 through November, lasted for almost 2 months, each role has four or more qualified candidates bidding. The reason we chose annuity, Merchants Bank, Castrol, as Lenovo annuity service providers, mainly because of the strength from the company, investment style, market image and risk control, the three companies were in line with the corporate annuity management requirements and the specific programs shown in the excellent professional competence. .


Ms Nguyen Huy comment: Lenovo Group, how many employees work in over 30 years after retirement?.


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First enterprise annuity in Lenovo employees pensions can be up to twice the article source: information times, 10 July 2006.


July 5, the Ministry of Labour and Social Security Pension Scheme first settled in Lenovo, according to the plan, Lenovo employees pension will be up 2 times! Now the beginning of the Guangzhou Municipal Labor and Social Security Bureau has implemented annuity to the city, but now the city's enterprises to participate in only about 10. Why many good mill? Experts believe that with the tax and other incentives have not yet put in place relevant. Annuity for employees after retirement, "double income," Experts suggest that companies pay part of pension benefits on the employees should be more clear. .


First, become the second pillar pension insurance.


The so-called enterprise annuity, is that enterprises and their employees to participate in the basic old-age insurance in accordance with the law, based on voluntary supplementary pension insurance system to establish, annuities can be funded enterprises, enterprises and employees can also be jointly funded by the ratio. Fees can be monthly Guiji also be six months or a year Guiji time, individual workers and withhold payment from the company. .


In the great monarch inclusive finance Center Director Maodan flat told reporters that sound social security system construction consists of three pillars:.


First, is the force of law by the State to establish, fund-raising through taxes or fees, pay as defined benefit, wide coverage (all employed or all citizens), a low level of basic pension insurance system;. .


Second, is launched by enterprises on a voluntary basis, depending on the business and personal finance, full payment of supplementary pension insurance system (such as enterprise annuity).


Third, based on individual savings-based personal pension protection, such as commercial insurance, personal salary deposits. .


However, from the first pillar — — the basic pension insurance is not optimistic. It is understood that the Chinese Government financial support of basic insurance for serious funding gap and pressure, there is an urgent need to establish private old-age security mechanisms as a complement.


Second, quit after the eligible investment income. .


In the Ministry of labour and social security, the year before the trial of the annuity and the corporate pension fund management and trial procedures, some big companies began trying to annuity as employee compensation and benefits plans.


According to regulations, the establishment of enterprise annuities, shall be representatives of business and trade unions or workers through collective consultation and the development of enterprise annuity program, set the percentage of such payment, financial product selection and other parameters. After approval by the program, enterprise annuities will increase employee retirement income of a lot of money. .


Annuity account management, the first pilot banks — the China Merchants Bank officials told reporters that the annuity has another advantage is that if employees, new entrants also established corporate pension, he can handle the transfer if not established, the employees can continue to put in original account, and other employees of the original company, enjoying the return on investment. As investment manager for the whole enterprise of large accounts, so the employee does not need to pay the costs of investment management, just assume the account manager, while the relative return on investment is minimal.


Third, according to Guangzhou, the policy, when workers change work units, the enterprise annuity fund personal accounts can be transferred with the contract. Guangzhou is only 10 enterprises begun to taste the annuity. .


At the beginning of this year, Guangzhou will assist with forward on the occupational pension schemes and funds management contract filing issues relevant to the whole city implements enterprise annuity as a focus of this year.


It is understood that the situation in Guangzhou to promote the current annuity remained slow, only 10 or so participating companies. According to regulations, enterprises can come up from 4% of the total wages as enterprise annuity for the supplementary pension insurance and the money is before tax. Annuity form of personal accounts to manage. .


This reporter has learned that the corporate pension fund is made up of three parts: Enterprise, employees and corporate pension fund investment operation proceeds. Full corporate pension fund using individual account accumulation, the approach to management. Enterprise payment shall be made in accordance with the provisions of the occupational pension scheme, the proportion of the amounts included in the calculation of employee annuity personal accounts; employees credited to my personal account and corporate pension. Corporate pension fund investment operation proceeds according to the rate recorded in net income annuity personal account.


Workers reached retirement age prescribed by the state, from my personal account annuity once or regularly receive annuity. Not reached retirement age, not from personal accounts to withdraw funds. .


4. expert recommendations also need preferential tax policies in place.


According to experts, in foreign countries, EA has become a strong second pillar pensions of workers, avoidance of direct drive. However, our tax laws and regulations for corporate pension still blank, the only tax benefit is based on "the State Council on the issuance of improving the urban social security system to inform the pilot program," which stipulated: "The enterprise annuity payment in the total wages 4 % less than the cost of the part can be incurred. At the same time, encourages personal savings for old age. ". .


Currently, Guangzhou, Shanghai, Beijing and other 22 provinces, municipalities, the district has released the enterprise annuity tax preferential policy, in the forefront of enterprise tax ratio generally supported enterprise payroll 4% ~ 5%.


However, the Guangdong Branch of TPL is concerned that the amount of wages in the local policy is a general concept, the specific operation in a more obscure, but the payment is limited to corporate level, on individual contribution and corporate pension fund investment income whether to enjoy tax benefits, as well as residents receiving annuity income when personal tax issues should be how the lack of clearly defined yet. .


Ping an insurance company, Deputy General Manager of the aged in suo even has told reporters that enterprise, in the absence of preferential policies, naturally on supplementary pension so positive, personal portion of the annuity payment or income tax exemption, operation also requires payment of interest on tax. This is a good thing for corporate pension in the current view or "water bubbles", States should be introduced as soon as possible to support policy related to mobilize the enthusiasm of the enterprise.


5, will focus pension burden to employees? . .


Staff by 8 per cent per month to pay for social security, the burden of paying the pension, whether it is too big?, life branch concerned parties pointed out that, in fact, the employee pay a percentage of base, are not high, does not create an excessive financial burden. In contrast with occupational pension, endowment insurance, personal savings, could build a modern pension "iron triangle".


It is reported that the payment for the proportion of enterprises and workers are not clearly defined, most companies nowadays have adopted their own way of contribution 1 to 1. According the Ministry of Labour and Social Security requirements, the cost of the annuity, the company last year paid the cost of not more than one-twelfth of the total wages, the sum of both enterprises and individuals shall not exceed one-sixth. .


The parties also pointed out that, according to estimates, if social security monthly income can reach your pre-retirement income of 50%, while annuity can make up 20%, so individuals would be no need to compensate for business insurance. However, the risk of diseases, accidents, etc. but not through corporate pension cover, so employees can add business insurance.


6, annuity cases: a monthly payment of 100 individuals 30 years of seniority earn more than ten million. .


To Lenovo corporate pension plans, for example, Lenovo Group, the amount financed and employee contribution amount: 1. According to estimates, added to the pension plan after 30 years of work at the Association of employees, average wages if retired as 6000 Yuan/month, after the retirement of the old-age insurance and Annuity Association of pension income of about $ 4000/month, maintains pre-retirement standard of living, if you do not attend, you can only obtain $ 1300 social insurance.


A large state-owned enterprises Ms. Huang is also director of human resources for journalists calculations. Suppose an employee payroll last year was 72,000 yuan, is now set aside the monthly wage of 100 yuan from the deposit to its own annuity accounts, and deposit 300 yuan for his company (payment ratio of 1 to 3) . Excluding annual earnings, excluding wage increase, then 30 years later, the employee retirement, one-time may get 100 (dollars) × 12 (months) × 30 (years) +300 (yuan) × 12 (months) × 30 ( years) = 144,000 yuan. .


In fact, the annuity is in accordance with the previous year average wage scale Division, worked with the workers ' wages, annual inflation level, rising annuity payment will be; the other annuity trust form marketing management. Investment manager based on the enterprise features of the design for the enterprise investment scheme, such as an annuity stable income bond annuity products. This will undoubtedly make workers ' pension year..


Ruan Ruhui comment: How many Lenovo employees to work at least 30 years retirement? . .


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Lenovo suspected of tax evasion, use of enterprise annuities. .


Insurance surrender annuities a trick of the staged groups frequently become enterprise risk avoidance channel source: China business author: Li Xu Fan.


Shanghai reported that business groups is a supplementary pension insurance, pension plans, is provided by the enterprises and institutions in countries outside of the basic social security for the employees by way of insurance benefits provided protection scheme. It can be motivating, and increase staff's sense of belonging to the company, a real protection to employees. Countries have also introduced preferential policies, such as the requirement to buy annuity insurance companies, 4% payroll expenses can be part of the premium before tax. However, the employee protection program, some companies are becoming a means to evade tax. .


First, the sales representatives to the public.


"I see from your web site a group annuity is hot, can you tell me something about the specific situation?" "Oh, you still come interview us better, a lot of content on the phone is not clear, for example, It's tax avoidance features ---", a life insurance company sales representative hesitantly. .


30 minutes later, the reporter to the insurance company customer came to the city of West Branch, five-star sales representative to force received him in the eyes of a single customer, "" mission.


"You mentioned the phone how the matter of tax avoidance?" Reporters asked. .


"This is a reasonable tax avoidance". To force open the bluster, reporter from his words people out several uses of corporate tax avoidance case annuity insurance:.


1, set up illegal accounts. .


Countries introduced related incentives to encourage enterprises to develop employee benefit plans, such as the enterprise; the purchase of annuity insurance, 4 per cent of the total wages of premium payments in the following sections can be at the forefront in tax. Some companies even in reality exceeds 4% limit for group annuity insurance, tax authorities, if questioned, the enterprise to the money and not sent to the employee on the grounds of refusal in hand, subject to personal income tax. The corporate capitalised, two years after the surrender to transfer the money to secretly established accounts, and successfully escape the tax authorities responsible. There are a lot of taxpayer quite a tacit understanding with the tax authorities, tax authorities in the completion of the tasks assigned above, and then pay some tax, the tax authorities can obtain the understanding and the default action after the thing. .


How?, the ability to press out the road up the idea of "insurance group annuity insurance, as long as you provide to us with a copy of the insured employee names and ID card copy, duplicate, we give you a master policy, provides a common public accounts and personal account, which means that money can move freely between the two accounts. If the employee without the knowledge of the group annuity if the insurance, companies can put money back staff account of public accounts, surrender quietly after the money can flow back into the business account again, a phenomenon quite common in the future, business will set aside money from the account issued to employees as bonuses, additional funds will go is unknown. Surrender as long as the commitment of 1% to 5% of the insurance charges and management fees, if the three years after the surrender, handling almost zero, and compared with 20% of personal income tax rate, what will you say? "The power blinked..


Select the "general business associations, as well as retaining the annuity insurance employees a means to an end, many companies have internal decided to work full time in order to enjoy the annuity, employees constitute some degree of restraint. ”。.


2, multi-channel sources of income to evade a tax. .


Reporter's notes to force desk sprawled place with many copies of identity cards, the more odd is that in force is working on a 70-year-old aged group annuity plan. "70 years old is not a little insurance can insure?" the reporter. "Look!" to the force said, taking a copy of your ID card to reporters, turn "card, do you find? this man was born in 1926, more than 70 years old, but the copy of his birth date changed in 1936, which can be insured annuity insurance groups. 这部分老年人多是政府和高校退下来的，退休后闲不住又在外面公司做顾问赚取顾问费，他们也寻求保险手段规避这部分收入的所得税。.


Second, how to become a corporate pension insurance companies rely on tax avoidance tool?.


Ping An Insurance Group's sales from the received information, annuities, retirement truly adhere to the employees only receive a rare, most companies are before the surrender, and people who give birth to many association. .


"Why are there so many people use one operation and not to an individual insurance product?".


"First, individual and group pension annuity insurance cash value is not the same. Personal insurance is comprehensive, customer purchases of personal insurance, 100, of which 20 yuan is the protection of our customers is to be received no incidents out of The remaining 80 are the annuity, on this basis have fixed income plus dividends, in part cash value. and 100 of group one, for the time being ignore the charges and management fees, the cash value is 100, features the single comparison. " . .


"The second is because of the cost. With a single business operation with tedious, handling fee is also deducted. If personal surrender, his losses could exceed 50 per cent of out-of-1 and a half times the individual income tax, which the customer is willing to a single group annuity? a narrow victory over dozens of single individuals, businesses, employees, insurance companies, third party facilities. ”。.


Third, insurance companies and close ranks to play tricks. .


Annuity insurance organizations in the promotion, wittingly or unwittingly to reasonable tax avoidance as bait, to become a general insurance agent. This reporter has learned that the peace, China life, Pacific, and so is the Shanghai market group pension insurance is the largest of the three companies, their insurance agents in the sales tax will be thrown when a key attraction of one customer. China life a Chen's Business Manager believes that the enterprise in General evasion chance "anyway, cost is not high, why not try? success after this operation, you can benefit from the tax authorities, even if they are identified, the supplementary taxes. ”。.


Contacts with the insurance company, the reporter found more than an agent of the insurance company refused to link the phone to talk about tax avoidance, if the topic of annuities, employee benefits from tax evasion to come, agents often allow customers to re-consider and, if interest in the arrangement meet in face to face with customers to discuss related issues, then some confidential briefings are always inevitable. .


"Many customers don't know insurance tax means, of course, this kind of delicate things we cannot preach only through contact with customers and customers go strongly recommend introduced to promote, customers do have this product, we focused on the needs of each enterprise to be a specialized solutions that attracts the customers more and more, we are also in the selection of companies, and not what we all do tax avoidance schemes. "To force a self pride.


Fourth, potential annuity market go from here. .


According to ping an life insurance company of China Group insurance sales Center co., Ltd., Shanghai Branch of the week as General Manager, social insurance, annuity, personal pension insurance are employees of the three pension plans. In enterprises with social planned times, maximum social security funds reached 83% (insurance terminology called substitution rate), subsequently reduced to 58 per cent today. China has entered the aging society in 2020, the Chinese people over the age of 60 the proportion of the total population will exceed 16% or more, when the demand on pensions is more than 10 times, the growing shortfall, Social Security's replacement rate decreased a foregone conclusion, therefore, must develop annuity, and gradually reduce the government burden of old-age security system. Europe and the U.S. experience is that the general staff of the welfare costs of expenditure as a percentage of total wages of over 1 / 3, the average employee more than one. .4 million enterprise annuity due to tax income benefits, insured pension insurance, not only for the future financial and insurance at the same time saves the due payment tax money, attractiveness to businesses and individuals are very large.


China's Enterprise Annuity system is still in its infancy, therefore, corporate annuity insurance market in China there is still much room for enterprise annuity market in China is expected to reach over 100 billion yuan per year. .


In China the first annuity and insurance development forum, the President of the China insurance regulatory Commission, said that the insurance industry to dingfu play Enterprise annuity. More and more into an annuity insurance market, Lenovo Group and China signed annuity insurance agreements, we have no doubt their input on employee welfare and care, according to industry sources, the Group annuity insurance has become one of the fastest growing insurance, but on the other hand, it's also a surrender rate is very high. This allows us to resist the enterprise tax such a disgraceful things.


Using the phenomenon of tax avoidance group annuity attention must be paid, failing that, increasingly large enterprise annuity market will become a hotbed of tax evasion, thereby causing large-scale loss of state revenue, a large number of enterprise employees have no access to retirement effective protection. .


Ms Nguyen Huy comment: Lenovo Group, how many employees work in over 30 years after retirement?.


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Annuity in pre-tax deductions from China tax news executive editor Amy 2006 09 requests since Monday 04 June, 2007.


According to media reports, the Ministry of Labour and Social Security recently issued a "Lenovo Group Pension Scheme on the confirmation," which marks the country's first Ministry of Labour and Social Security, pension plans registered the record established companies. .


Under the company pension scheme Act (Ministry of labour and social security, order No. 20), annuity, supplementary old-age insurance, also known as the second employee of "pension" and refers to the enterprise and its employees in accordance with the basic pension insurance based on the voluntary establishment of supplementary pension insurance, annuity and funded by the enterprise or enterprise and employees jointly funded proportionally. Costs for monthly aggregate or half year or in the aggregate, one at a time, the employees or by the enterprise. According to the Ministry of Labour and Social Security requirements, the cost of the annuity, the company paid for not more than the previous year's total wages 1 / 12, the sum of both enterprises and individuals shall not exceed 1 / 6. .


But in supplementary pension deduction ratio under the State Council on improving the urban social security system of the pilot scheme (s 42 (2000) NDC) in article 2, paragraph 10, the pilot areas of the enterprise, Enterprise at 4 per cent of the total salary within a section, you can be the cost.


"Ministry of Finance on the insurance company for the employees of the financial deal with the problem of notice" (Financial Enterprise 〔2003〕 61) The second article, non-pilot areas of the business, supplementary pension insurance shall be allocated from Calif, but not so there is a deficit caused Calif. .


The circular on implementation of the accounting system needs a clear notice of the income tax (IRS issued (2003), no. 45), enterprises of all employees by State or provincial level proportional or standard payment of supplementary pension insurance can tax deduction. Enterprise for all employees by State or provincial level proportional or standard back basic or supplementary pension, health care and unemployment insurance, which can be directly deducted from the payment of any additional period; the amount is significant, the tax authorities may require enterprises to not less than three years staging even less.


Also, is booked for the Warfare of the supplementary pension insurance, according to "National Administration of Taxation on the revision of corporate income tax return notice" (Guo Shui Fa 〔2006〕 56) provides clear benefit costs are incurred in dealing with meet the required standards in the supplementary tax pension insurance program is also listed as a tax reduction, may be deductible. .


Therefore, the ratio in accordance with the provisions of the State enterprises to pay an annuity can tax deduction, tax and accounting is consistent with Basic.


However, according to the State Administration of Taxation, "on payment of supplementary pension insurance companies levy personal income tax issues approved" (Guoshuihan 〔1999〕 No. 615) provides that the balance of the units linked with the work efficiency wage, the form of cash to service workers and from retirees, as a supplementary pension, the amount obtained from active employees, payment should be fully included in the month the individual wage and salary income, combined personal income tax levied. The sum of the retired workers to obtain income, should be separate as a month's wages and salaries, personal income tax levied by tax law. .


. .


In addition, the Ministry of finance and State administration of taxation on individual income tax related issues (fiscal 2005], [[s] 094) also provides that the unit is an individual for supplementary pension surrender after personal income and corporate income tax. Units for individual workers to purchase commercial supplementary pension, etc., for enrolling as a personal income tax "income from wages, salaries, according to the tax code" item shall be subject to personal income tax; for various reasons did not surrender, personal access to the actual income, personal income tax has been paid shall be refunded.


Ruan Ruhui comment: How many Lenovo employees to work at least 30 years retirement? . .


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Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


Digital China arrested for tax evasion.


The influx of tens of thousands of Chinese companies a tax haven, tax evasion, billions of dollars from April 11, 2004 The Beijing News. .


"A week ago, China merchants, Mauritius offshore registered companies business, low cost more than the British Virgin Islands. "Mei Xinyu laughs, Mauritius" brand ". British Virgin Islands may be a good example of Mauritius for offshore financial centres — some corporate tax avoidance of heaven, capital operation of transfer.


At present, China's investment in offshore financial center, the research in this area is almost a blank, the Ministry of Commerce Institute is the research, Dr. Mei Xinyu, an expert, he was concerned about the issue and research has up to two years. British Virgin Islands, one has tens of thousands of people, covers an area of only 154 square kilometers of the Caribbean islands, has become the world's fastest growing overseas offshore investment centers.According to the British Economist Intelligence Organization, the end of 2001, the British Virgin Islands-registered national commercial company number has more than 47 million, of which only a year in 2001 a new registered more than 5 million, the financial and business services to create the island 2001 49.6% GDP. According to Hong Yin Cheng international statistics, global registration of offshore company with more than 70 million businesses, of which 50 million registered in the British Virgin Islands. The overseas disembark company registers the business has become the island's two pillars of the industry.


First, the offshore center to attract Chinese companies. .


Like a Virgin Islands offshore financial centres, and Chinese enterprises are increasingly closer. Currently, in the offshore financial center registration of offshore companies in China have tens of thousands.


According to press information available, well-known companies such as Digital China in the name of the foreign investors are registered in offshore centers overseas. According to 2002 7 "New Economy" magazine's survey, there are 10,641 registered in the Caribbean offshore financial center of China-related business, these areas will be registered per day concept of a Chinese company. .


Panama Morgan & Morgan Group Asia company Beijing Representative Office-Business Advisor Zhang Yu Tao told reporters: "our company headquarters established in 1923, in China, we started in 1998, offshore companies registered in the business of the agent, in 2002 we obviously felt this business grew very rapidly. ”。.


In recent years, the rapid growth of investment in offshore financial centers become prominent in the capital flow phenomena. The available statistics on the public as early as 1993: including the British Virgin Islands, Bermuda and other offshore financial centers, including the year the total foreign capital actually used in China only accounts for 0.17%. By 2002, all of Freeport total investment in mainland China accounting for 14.11% of total actual use. .


Mei Xinyu pointed out that the liberal legal environment as well as on the company's business is highly confidential, and the offshore company to their own safety have adequate protection, greatly reducing the risk factors. Local court even repeatedly blocked bank to a foreign court, the Government provided customer information to the enterprise and the actual controller provides good conditions a concealed.


Meanwhile, the offshore company's tax burden is extremely light, and many offshore centers and the major economic powers signed a treaty to avoid double taxation. In addition, the registration process convenient and low maintenance costs is to stimulate the industry have an important reason for the influx. .


According to information of Ministry of Commerce network, in 2003, the British Virgin Islands has become a top of the actual amount of investment in China's second-largest source of foreign investment.


In addition to the British Virgin Islands, the Caribbean and other areas, such as Bermuda, Cayman, Barbados, Bahamas, etc., have also been developed very rapidly in the overseas offshore investments. .


2. avoidance of heaven.


"First, tax avoidance, and second, capital operation, in preparation for overseas listing." Zhang Rutao bluntly pointed out to the British Virgin Islands, or similar to registered offshore, two main objectives. .


In the British Virgin Islands-registered companies enjoy these confidentiality: no need to produce audited financial statements of accounts to the report, and allow the issuance of bearer shares, it is not necessary to disclose to the company registration charge need not be directors, registered shareholders information, etc..


Tax, non-residents only on income from the Virgin Islands tax, no capital gains tax, including withholding tax registered companies enjoying tax exemptions included. .


British Virgin Islands company, and maintenance costs than other offshore and higher, the minimum fee of $ 750. "However, 750 dollars cannot and these enterprises each year through offshore tax to escape. "Mei Xinyu said.


The most exaggerated example is the news media group controlled large Hengmoduoke avoidance action. In 1990, the News Corporation owns 24 publishing companies in the world, the largest one is a company registered in Bermuda. That year, the Australian Government under corporate income tax rate is 39%, News Corp's publishing company registered in Bermuda that year's profit of 22.7 billion Australian dollars, but stunning, the News Corporation paid the tax year only 1.76 cents! . .


From this, the Western countries on the strengthening of the anti-tax, arrogant avoidance momentum under control. However, developing country Governments on this management is not strict. Some experts believe that China in terms of tax incentives to attract foreign investment, but also to a certain extent, to stimulate foreign tax avoidance behavior.


Third, transfer pricing is one of the most common tax avoidance action approach. .


Mei Xinyu cited a case in point: for example, in the British Virgin Islands-registered company, engaged in integrated circuit parts production business. The actual production business in China, the cost price in $ 5, and in a very approximate price to sell the book in the Virgin Islands of the intermediary trade companies; then, then appropriately Virgin Islands local approximate price level 7 dollar price sold to the United States, the United States and then to $ 7 offered internally. The entire trading process just walk on in the book, does not actually occur. But both China and the United States are approximate income is zero, so that the two countries will not be charged sales tax. The Virgin exempt from income tax, the total amount of this global tax greatly reduced operating costs savings. .


Mei Xinyu also pointed out that the internationally renowned companies use transfer pricing is less, small companies are very popular, because the usual practice, the use of large companies will be of great concern to society.


The amount of tax evasion as snowball day by day in the expansion, the precise figures are not always informed of the outside of mystery. "Far the most conservative estimates, several hundred billion dollars secure. Scores of 10 000 foreign enterprises in the Mainland, carrying more than 60% loss rate, but keep additional investment. Them through offshore centers, acquired in the Mainland transfer of profits abroad through offshore centers. "Mei Xinyu said. .


IV. capital operation transshipment center.


"Overseas-listed private enterprise, any fraud scandal broke, almost without exception, all companies registered in offshore places." Mei Xinyu said. .


Due to the offshore companies registered with, and most will do some insider operations listed companies, the Insider burst will undoubtedly suffer devastating, behind-the-scenes transactions mining more difficult. However, we still can, through a number of companies listed in the open data understand the place of registration for the magic of capital operation.


As a company registered overseas can not be in our A share market, we may wish to companies listed in Hong Kong visit. .


As of September last year, according to the currently available data, 1019 Hong Kong-listed companies, registered in the Cayman Islands and Bermuda home of $ 731, representing the total number of listed companies; all 71.7% in mainland China, Hong Kong listed company incorporated outside the market value of the total market value of the Hong Kong stock market 50.3 per cent of the total. With the exception of 4 companies, are in Bermuda and the Cayman Islands offshore company registration.


For companies registered in offshore places, said Mei Xinyu, and Zhang Rutao are in China, these companies have not presented the industry characteristics. However, said Mei Xinyu, a little more prominent is, IT companies to offshore to a very high rate of registration, and they consider almost all ready for the overseas listing. High-risk businesses need smooth and convenient financing channel, companies registered in China to overseas market, the SFC's approval will be very strict procedures are very complicated. If the name of an offshore company in the overseas market, they facilitated a lot. .


5. close links between Hong Kong and Taiwan.


According to statistics book, the Caribbean offshore financial centers have become an important source of foreign investment. The end of 2001, Virgin Islands, Bermuda, the Cayman Islands in Hong Kong stock market ranked investment were: second, third, sixth. .


Mei Xinyu believes that all Chinese (including mainland China, Hong Kong SAR and Taiwan Province) capital transactions of Caribbean offshore financial centres, the British Virgin Islands occupy a special position. This is because the Virgin Islands is the first batch of Hong Kong and other regions of the far east of the international business companies act as target market offshore financial center. At the same time as the original and the Hong Kong belong to the British colony, British Virgin Islands on a regular basis to send representatives to engage in promotion.


As of early 2003, about 30% of Hong Kong's red-chip companies registered in Bermuda, Cayman, many of whom are well-known companies such as Digital China mainland. Mei Xinyu said, as Mainland enterprises abroad through offshore shell companies in Hong Kong stock market to buy the company's transactions are frequent, it is still difficult to make comprehensive statistics. .


Investment in the Mainland and Taiwan-funded enterprises is also very widespread in offshore land registration. Mei Xinyu pointed out that the main purpose is to circumvent the restrictions. Lee Teng-hui, the Taiwan enterprises to support investment in Latin America, in China is very limited. But Latin America's political and economic situation which Taiwan has been very optimistic about the mainland market, Taiwan through the bypass offshore company, hide away true identity to disembark company's name on the Mainland for reinvestment.


Please read the details of Baidu Space http://hi. . Baidu. .com / yuanruhui blog http://hi. . Baidu. .com / mryuanruhui. .


Global tax havens at least 72, China's annual revenue loss of 300 billion, forming rich overseas countries rich, global tax year 2550 billion.


Source: Beijing Business Today March 29, 2005 Wu Jing. .


Authoritative international organization "tax justice network," March 27, published data show that in order to evade the super wealthy men in the world shifted to foreign assets of $ 11.5 trillion. The findings surprising, because the sum of these wealth even more than the British GDP up to 10 times.


International Tax authority "tax justice," the latest report, Volvo currently has the world's top 11.5 trillion U.S. dollars of assets to offshore tax havens, equivalent to China last year GDP. .





Transfer their assets to tax havens, from a legal point of view is not illegal. The world's top tycoons, such as media mogul Rupert Murdoch, the Indian steel major Hengmitaer, Tetra Pak boss Lausing, etc., are invariably of assets invested in overseas tax havens "heaven." British "Sunday Observer" published "tax justice," the report pointed out that these rich assets each year to benefit from the tax avoidance 860 billion U.S. dollars; while at the same time, tax authorities around the world together, at least 255 billion U.S. dollars per year tax loss governments seem to be "no capacity" to prevent their legitimate tax avoidance. .


However, this 11.5 trillion assets do not include the size of multinational enterprises in tax havens. Last weekend the OECD to stress once again that overseas tax avoidance of this growing problem, not only for the rich countries, least developed countries (LDCs) faced.


It is reported that does not include the loss of 11.5 trillion by some hidden way out of tax evasion. OECD said the international tax evasion rampant, not only affect the rich countries, and also making some miserable middle-income countries. .


Journalists from the United Kingdom tax expert Richard · Murphy this year to the Belgian Parliament globalization Special Committee read a study reported that according to its existing estimates that global tax havens at least 72, about half of world trade through tax havens; tax havens accounts have trillions are of a capital "flight", $ 6000 per year, mostly from new to developing countries.


Prior to the State Administration of Taxation officials, only foreign enterprises in a tax avoidance behavior, resulting in revenue loss each year in China more than 300 billion yuan, including use of tax havens is a major means of capital injection. It is understood that overseas tax havens are offshore financial centers as part of the mainland and other well-known companies such as Digital China has also been registered in offshore financial centers. .


Supplementary proofs has been routed to http://blog. .chinaunix. .net/u/24547/blog http://yuanruhui. .cublog. .cn/please download themselves.

Digital suspected of evading taxes. .


Tax evasion and tax avoidance, evasion, article source: neutral honest accounting firms.


British Virgin Islands is a "tax haven" of a representative. Although only 153 square kilometers of area, but a collection of nearly 400,000 companies registered here. Virgin Islands in accordance with the provisions of any individual or organization as long as the approval of the Government through an intermediary (such as law firms), one-time payment of 1,700 U.S. dollars in service fees, and through the intermediary to pay 500 U.S. dollars to the local government service fees, and then in the local foreign banks to open a dollar account, you can get through the intermediary company's business license registration.Business licenses, the company will carry on any business that has nothing to do with local government, and local Government does not require the company to set up any offices do not require Enterprise annual inspection, the financial audit. It can be said that in addition to hang in there, the company even goes to the smuggling of arms brokering of heritage, and the local government are ignored.


Currently, Virgin Islands company registered in two categories: one is registered under the laws of 1885, residents of the company, these companies need to operate in accordance with reasonable and legitimate national law. Another company, that is, enacted in 1984, the local "International Business Companies Act," established after the so-called "offshore company." In accordance with the provisions of the Act, foreign companies can form an offshore company registered in the island. After the registration of international business companies and agents should be nominally office set up on the island.The company does not need to set up a huge amount of business team, as long as the landlord or Manager can be a titular is simply a "letterbox companies". Thus, many countries have come to this known as the "tax havens" island home to monthly 200 annually. At present, Hong Kong-listed more than 60 listed on the Mainland, there are more than 20 in the "tax havens", such as digital (0861.HK) is registered in Bermuda.


Piece in the British Virgin Islands, an area of only 153 square kilometers, population of only 19,000 of the tiny company has a collection of 350,000, where the company registered about 10,000 more than in China-related, 10 000 homes in this part of the Chinese people there are registered. The reason why many companies are willing to a lack of natural resources of the island, to register is because it is the world famous "tax havens." .


Profit from foreign enterprises, itch.


Foreign tax evasion through a variety of ingenious means, mercilessly made a fortune, which makes some jealous native of domestic enterprises, as if I were to son inherited the legacy, while the same genes, but the son of pro thankless. .


State tax policy to foreign companies offer benefits already let domestic enterprises will increase production costs and reduced competitiveness, foreign enterprise reuse avoidance means extra gain tangible benefits, it is stable even trading, such a good thing that a lot of domestic enterprises to suit. Although you cannot put the domestic enterprises, avoidance "responsibility" attributed to foreign companies, foreign companies in the tax treatment of "supranational" premise, also spoke in a tax-let RNI domestic enterprises.


According to "First Financial Daily" reported that the now "legal tax avoidance" program is very popular in private, working in a well-known IT enterprises in Shanghai Financial Officer Otto has just concluded a training program which is "legal tax avoidance", commenced side is well-known in Shanghai, a tax consulting firm. Otto on the "First Financial Daily" told reporters that most of the classes to the company's general manager, financial manager, but there are common financial officer. Consultation with the training center's staff learned that a similar training seminars, each to 800 ~ 1000 yuan / field packed.While most participants welcomed the lecturers are those that both have ample experience and are well versed in domestic tax systems who are foreign born in the Finance Director, the medium price is higher. Mr. Tao said that price is not important, the key is learned back comes soon.


According to Wang, many companies are now also looking for financial agents to make tax avoidance companies, most of these agents switched by the financial sector from foreign companies out of offering senior financial officers, who direct the foreign utility tax avoidance schemes brought out. Its important customer base is the domestic-funded enterprises. .


Registered in tax havens as domestic enterprises applying more sophisticated tax avoidance methods. According to the Beijing modern commercial news "reported that at present, overseas tax havens and offshore financial centres of the Mainland enterprises already have many, such as digital, etc. In fact, in tax havens of co. may be only one Office of "somewhat".


"Unified tax" proposals already put forward, for various reasons has yet to landing. June 1 this year, the Ministry of Finance held in Beijing conference on tax policy, will provide full discussions of the "Enterprise Income Tax Law (draft)", including two tax merger of the statutory tax rate, and whether the implementation of tax incentives on foreign transition periods of time. According to the participating experts, the tax law has entered the technical processing stage, the actual time may be introduced in January 2006. .


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Tax haven of the good old days how long the tax net Source 2005-8-10 China or China Economic Weekly. .


Many of the Islands are known as havens, including China, many national companies register here. But most of these "paradise" there won't be a "face". These islands are easy to avoid the common characteristics in terms of what?, what is the reason they won't be a "?".


Qu index, Cayman, Bermuda, the Marshall Islands, Seychelles, Panama ... ... around the world more than 30 tax havens. Who has become a point of many of the world are registered, mainly in regional political, economic and social stability, sound legal system; need to pay local taxes, pay a registration fee when registered after the year you can pay a certain annual fee; company to increase their investment, transfer of assets and other restructuring, mergers and acquisitions, capital operation are very simple. .


Supporting financial service and generous tax environment so that they become "havens", but has also become in many countries and international organizations, the main object of tax avoidance.


First, tax haven of happiness. .


British Virgin Islands is a "tax havens" by a representative. Although only 153 km2 of area, it brings together nearly 40 million companies register here. In accordance with the provisions of the Virgin Islands, and any person or organization provided by a government licensed intermediaries (such as a law firm), the single payment service charges of $ 1700 and, through the intermediary institutions to local government pay a service fee of $ 500, and then in the local and foreign banks to open a US dollar account will be able to get through the intermediary to companies registered in the business. Business license of a hand, the company carry on any business on the local government has nothing to do with it, and the local government does not require the company to set up any office, no annual inspection and financial audit. In addition there can be said to hang a name, even if the company is to trade in cultural objects, arms smuggling, local government still indifferent. .


Currently, in the Virgin Islands on the registration of the company there are two broad categories: one category is legal according to the 1885 registered resident companies, these companies need to operate in accordance with national law and legitimate. Another kind of company is locally enacted in 1984 the international business companies act after the establishment of the so-called "offshore company". According to the provisions of the Act, a foreign company can take the form of offshore companies registered in the island. Registration of international business company offices and agents should be nominally established on the island. Companies do not need to set up a large business groups, as long as the owner or manager can name only one person is simply a "mailbox company." As a result, many countries have come to this enterprise is called "tax havens" of the island settled down to a rate of 200 per month. Currently, more than 60 Hong Kong-listed mainland companies, 20 more than in the "tax haven" for registration, such as Digital China (0861.HK) is registered in Bermuda. .


2. tax avoidance involving money laundering.


In the absence of exchange controls, a high degree of confidentiality, transfer of funds without any restrictions, "tax havens" has become an international money laundering where the most rampant, once accused of money laundering as a haven for international criminals. They are being "good time" stories haunt. .


1 December 2003, the United Kingdom on their territories Cayman Islands publishing an ultimatum, require compliance with the EU in 2004 Cayman, new year's day of entry into force of the new EU law on the taxation of savings. The new law aims to break the Bank confidential system, and directly attributed to Switzerland and the Cayman is the shaft passing stabbed.


In fact, forget the criminal offense of money laundering, said the tax evasion through offshore companies also has been criticized by various countries. Although the traditional Central American Caribbean, "International Business Companies Act," this international law as support, business tax avoidance are understandable and reasonable, because of those tax havens and other countries are usually not signed a double taxation agreement, resulting in many countries, capital outflows and revenue loss. .


States to tax havens cognitive means the United States tax guide lists 30 tax havens, Germany cited 34 havens, Japan gave 39, France gave 47. June 2000, the United Nations announced the OECD "harmful tax activities to identify and eliminate the process," the report lists 35 tax haven countries and regions, and proposed a standard tax havens identified: on the financial or other services are not implemented income tax or only nominal income tax, Huo as non-residents to escape the local country taxes the place of residence; can not Youxiaojinhang intelligence Jiao Huan; lack of transparency, Ru Zhi Du and tax revenue collection is not 公平; You Mei You Li Yu Waiguoshiti establish economic substance Events Organization. .


In 2003, the Virgin Islands due to international pressure has been modified by the international business companies act. First, the abolition of bearer shares; second, if the Government considers that a company or account money laundering, the Supreme Court to issue a search warrant, the offshore company information must be disclosed. But professionals said that this is due to the pressure put on a gesture, changes are also very clever: Enterprise only needs to be replaced by the issuance of a stock can bypass the managed account, as regards information to the public is conditional, and the effectiveness of the judiciary, in practice it is very difficult to do, this probability is very low.


United Nations, the Organization for Economic Cooperation and Development report in 2000 proposed 35 tax havens harmful tax competition has issued an ultimatum: give the tax havens of 12 months of the time, allowed to decide whether to cooperate with the organization, and in 2005 by the end of the tax system to remove harmful. If you do not cooperate with the organization, they will by the international community sanctions. .


Supplementary proofs has been routed to http://blog. .chinaunix. .net/u1/33680/blog http://mryuanruhui. .cublog. .cn/please download themselves.

Suspected of tax avoidance Digital. .


Havens, Cayman Islands, China has a double impact, the Chinese industry.


China Business, December 22, 2003 Written on special: government R & D Editor: Li Yong. .


1 December 2003, the United Kingdom to the Caymans ultimatum it would abandon stipulate against the implementation of EU savings directive position to meet the January 1, new savings tax law, unveiled the EU combat overseas tax avoidance prologue.


First, tax amnesty, "a two-pronged" EU seeks capital back. .


21 January 2002, the EU adopted a new "savings tax law", the aim is to clear the bank secrecy to ensure that European Governments from their own citizens ' interest and investment income in the appropriate tax. As early as 1989, the EU has already begun to coordinate national interest tax system, the desire to achieve national inter-bank exchange of information, making the country their home government depositors resident overseas interest income and interest tax.


The EU was originally designed to enable the confidentiality of Switzerland to give up deposits. However, as the Swiss hold the 1 / 3 of the world's private savings, these deposits are primarily neutral position and by the Swiss deposits attracted by the principle of confidentiality. To abandon the principle of confidentiality, it would be a heavy blow Swiss banking. Therefore, differences between the two sides have not been resolved. EU to another "trick" is to return funds to the major countries of the attitude of clemency. As early as February 3 this year, the European Union to stop the outflow of funds through the draft.The Bill provides that from 2004 onwards, with the exception of Luxembourg, Belgium and Austria, EU Member States must adopt the bank information exchange mechanisms, so that Governments understand the depositors live domestic residents overseas interest revenue and taxation. In response, 19 February, the German Council of Ministers adopted a new tax amnesty bill provisions from 1 July, will resources transferred abroad of Germany Dodger as long as 25 per cent interest in back taxes, can be "laundering" go back to Germany without any punishment. Austria, Italy and Spain have introduced tax amnesty measures.


The implementation of the new bill, tax avoidance areas within the EU banking and intermediary industry is a huge blow. Outside the EU area is a large main avoidance beneficiaries. Substantial international capital flows to countries and regions outside the EU, such as Hong Kong, China, Bahamas, Bermuda and other regions. .


EU's new tax credit Act, is also reflected in the inhibition of transnational investment. States to avoid the loss of tax revenue, the citizens of foreign income and foreign citizen's national income taxation, to give investors a double tax burden. Haven, for the avoidance of double taxation of multinational investors provides a good tax conditions, promoting the development of international capital flows. The implementation of the EU tax bills, increased cross-border investors in the haven of costs, reduce the attractiveness of the haven, also reducing the power of transnational capital investors.


Second, influence of foreign capital inflow of foreign investment of mixed. .


EU's new tax credit Act, will give the economy a few shocks. New tax credit bill coverage, not only including Luxembourg, Austria and Belgium, but also include the British Virgin Islands, Cayman Islands. From these tax free investments in our economy is important position. Quantitative point of view, the Virgin Islands, Cayman Islands, Freeport has become the second only to Asia, Europe, North America's fourth largest source of foreign capital. Where the funds from the BVI 2007 61.5 billion Chinese investor. Funds from the Cayman Islands China's foreign capital out of the eighth. .


Some large businesses and the tax free inextricably linked in the face of the EU area free of interest rates rising, these companies have to their global strategies to adjust.


Regardless of the initial capital of these companies come from abroad and domestic, to adjust its investment strategy will reduce our country's investment demand, and trigger a chain reaction. Of course, depends on how much foreign investment in China's investment environment, international capital can also be other tax areas to transit investment in China. The new tax bill, the most direct response is to reduce these areas to attract capital, causing the transfer of transnational capital. .


Within a short period of time, the most likely reaction can only be a number of multinational companies from the former to gradually withdraw from capital investment, and the China external funding some from these areas. Therefore, in the short term, the net financial flows to China will be reduced accordingly.


The new EU savings tax bill to be implemented, will affect China's foreign investment. China's foreign-invested enterprises, the majority of trade processing, the product can enter the low-end market, mostly. In our company's global investment strategy, the cost is a very important factor. How legitimate tax savings to reduce the corporate tax burden has become the strategy of Chinese enterprises overseas investment the most important issue. For this reason, some Chinese enterprises to take to a free port for the transit mode of investment to achieve the purpose of avoiding tax. If registered in the Cayman Islands, such as Digital China. .


The EU's new savings tax bills, to these enterprises to bring the dual impact. The first effect is that the interest tax constituted by the enterprise cost. High interest tax will give the EU area registered high costs, so that the enterprise's investment declining profitability. In addition to our corporate foreign exchange financing capability has been low, enterprise mobility is more difficult to ensure that the EU area of enterprises will face greater financial risk management,.


The second effect is the return of capital competition. EU capital return, making the number of EU countries increased domestic capital, the EU intensified competition in domestic investment. The Chinese enterprises still remain in small, technologically backward stage, cost is an important competitive advantage. EU capital return, making the EU the domestic interest rates, cost of capital for EU companies also will drop, the cost advantage of Chinese enterprises will face a strong challenge to local businesses, profitability will decline. .


Since most of the developed and developing countries have signed agreements on investment incentives, the EU countries have always been strong in our corporate competitors. EU capital return, so that EU enterprises in competitive disadvantage, for Chinese enterprises have left a large space for development, which is gratifying.


Please read the details of Sina http://blog. . Sina. . Com. .cn / yuanruhui blog http://blog. . Sina. . Com. .cn / mryuanruhui. .


Havens Cayman secrecy surrounding the investigation, exaggerating 2004 01 05 financial times reporter Sue Ryder.


Cayman's status as an offshore registration is still difficult to shake the short term, international investment banks and professional registered agent company does not look empty Cayman. .


When near the end of 2003, as a tiny place in Central America and the Caribbean-Cayman Islands a clique of change that is going to affect many Hong Kong capital market gold mainland enterprises of nerve.


Be regarded as tax havens, an international offshore financial center renowned Cayman (CAYMAN) Islands, is being "good time" stories troubled Work - December 1, 2003, the British dependent territories in the Cayman Islands issued its final Ultimatum to require compliance with the EU Cayman into effect in 2004, the European Union on New Year's new "Saving Tax Act." The new law seeks to break the secrecy of bank accounts, Swiss direct target of attack. Swiss bank accounts of the most rigorous information security system, absorbing the rich world's largest deposits. The Cayman also been Zhezhi spear stabbed in passing. .


This consists of three small islands, located in the Caribbean Sea to the South of Cuba, the British colonies along the main business and financial services business and is committed to the expansion of offshore services. Like all of the tax havens, Cayman land is small, the lack of natural resources, weak economic foundation and, therefore, is to develop the necessary financial services regulation to attract foreign investment.


However, after the 9.11 incident, including the Seychelles, Panama, Bermuda and other tax havens and Swiss have once been accused of an international criminal money laundering havens. .


Many people worry that the Cayman difficult to continue with the EU, the fight lasted for many years account secrecy and offshore company registration system press alarm: local registered companies are collectively move.


However, the "Financial Times" survey showed that: The most exaggerated rumors of its offshore status of registration is still difficult to shake the short term, international investment banks and professional registered agent company does not look empty Cayman. .


The advantages of a, Cayman.


"We are still bullish on the Cayman." Almost all those interviewed investment banks, international lawyers, professional offshore company registration agent have said so. .


In recent years, due to the large number of private enterprises in China mainland and overseas investment and time to market, offshore companies registered overseas (registered with the companies segregation) is no longer mysterious. Shenzhen wise see investment consulting co., Ltd. is a specialized agency overseas disembark company registers of the company, headquartered in Hong Kong. The company's who say their business as a whole is not affected. Cayman future policy towards the existence of a certain degree of uncertainty, especially value the privacy of customers, who will advise on Cayman registered outside. She said corporate customers in the particularly stressed the confidentiality of only about 20%, even so, there are many things except the Cayman registration options, such as the Seychelles, Panama, Bermuda and so on. .


Cayman banking ranking fifth place. In the past two years, the Cayman has not revised its regulations, because it will certainly attract deposits to your local bank, which in turn caused severe impact on government revenue.


Shanghai Hao Hua Yuan monsoon attorney law firm has been engaged in substantive business operations overseas financing. He pointed out that in the Cayman to open bank accounts and offshore companies registered in Cayman are two different things, not necessarily linked. Even if the offshore company registered in the Cayman engaged in international trade, enterprises and individuals do not necessarily need a local bank in the Cayman to open a bank account, which can be used and commission payment commission payment way. In short for those who offshore companies registered in Cayman's businesses and individuals, they almost always have the means to bypass the local open an account. .


Yuanjiyu lawyers said that the selection in the Cayman Islands offshore company, mainly European and American companies and individuals, the Chinese mainland enterprises and individuals usually choose Virgin Islands (BVI), except for directly listed in Hong Kong, the Cayman offshore company. Because there was accepted as the only listed company registered in four areas: Hong Kong, mainland China, the Cayman Islands and Bermuda. While the Cayman and Bermuda since registration is simple, easily administered, tax exemptions and other advantages, it has attracted many Chinese companies in the local registration of offshore companies.


Second, the war tax havens. .


Since 2000, the Virgin Islands began to walk into the Chinese people's sight, and a trip to one of the most commonly spoken.


The Cayman, Bermuda, the Marshall Islands, Seychelles, Panama ... ... and so on, about the world more than 30 tax havens. Where common features are: regional political, economic and social stability, sound legal system; not subject to local taxes, registration, pay a registration fee each year you can pay a certain annual fee; companies to increase their investment, asset transfer restructuring, mergers and acquisitions, capital operation are very simple. .


Behind the Cayman waters, is a series of political and economic factors. As a renowned international offshore financial centres, since there are no foreign exchange control, confidentiality, financial transfers without any restrictions, so it has become the international money-laundering activities, the most prevalent. According to statistics, each year approximately 5000 billion to 1.5 trillion after laundering facelift, "9 · 11" incident, some people accused them of being terrorists do.


In fact, all of the tax havens are under pressure. Set aside the criminal offense of money laundering, said the tax evasion through offshore companies also has been criticized by various countries. Although the traditional Central American Caribbean, "International Business Companies Act," this international law as a support, business tax avoidance are understandable and reasonable. However, because of these tax havens in other countries usually do not enter into any double taxation agreements, which led to many countries, capital flight and tax losses. "We also know that with the relevant national regulations, there is conflict, the tax liability from the perspective of citizens, some practice is illegal." Offshore company, a registered agent in person to say。.


Mid-2003, Virgin Islands, international pressure has changed its been implemented from 1984, "International Business Companies Act." Enjoy a high degree of autonomy as the Virgin Islands has become the world's most popular offshore domicile. It is only 153 square kilometers, equivalent to Hong Kong (1102 square kilometers) of 1 / 7 or so, it brings together nearly 40 million companies registered in this, including from China has more than 10,000. .


Virgin Islands have made major changes are two: first, the abolition of bearer shares, bearer shares system must be managed by a central depository institutions, companies must make the ultimate beneficiaries of the information available to the local government; the second is if the Government considers that a company or account money laundering, the Supreme Court to issue a search warrant, the offshore company information must be disclosed.


Professionals and analysts say this is only under pressure and put in a gesture fills very clever modification of the Department: enterprise only needs to issue bearer shares can bypass the managed provision, as account information disclosure is a conditional , and the issue of judicial effectiveness, in practice very difficult to operate, so this probability is very low. .


Affected by the new EU law on the taxation of savings attributed, Switzerland also expressed their banking system to make certain modifications, the compromise is very limited. Switzerland's commitment in line with the programme, the EU consolidated collection of cross-border interest tax, Switzerland will come from other EU countries and regions of the withholding tax on interest rates of deposits, bank account information remains confidential and not to other EU countries or regions. In this regard, the EU is not approved, the two sides also in stalemate.


"Policies, under the measures", the Cayman is not facing only one way. .


As regards the Cayman affair yuanjiyu counsel, so that public opinion can cause shock, because such a sign to convey a kind of signal: the Cayman's policy may make further adjustments, this uncertainty to allow people to be worried. However, in principle, is not necessarily inevitable increase in business costs and fees, unless it is a Cayman Government because the bank interest income is too large to increase on the charges of offshore companies, but the face of the competitors in Bermuda, the increase in fees will have to worry about.


3 to affect the mainland companies. .


Cayman is approved for the stock exchange of Hong Kong in Hong Kong-listed two overseas registration to one of prestige. This is why the Cayman charges far higher than that of the Virgin Islands and other places (see the fee chart), and requirements is an attractive place. It was revealed that, due to this factor, the Cayman in Chinese Investor's ranking, you may have previously released 8-bit rose sharply.


Currently, more than 60 Hong Kong-listed mainland companies, 20 more than in Cayman, Bermuda, such as Digital China (0861.HK) is registered in Bermuda. .


Currently registered in the Cayman Islands offshore company (Cayman company called tax exemption) policy is: you can register a limited liability company, the shareholders only need one final equity holders of the company needs to have a registered agency disclosure; each year to convene a general meeting of the Board, was appointed acting, you need to submit an annual report. Behind two policy despite strict, but where in the Hong Kong Stock Exchange (main Board or Enterprise Edition) listing, prospectus and disclosure of the earnings in the future requires disclosure of the final rights holders, if it is a shareholder, you may need to disclose to natural persons. Therefore, the Cayman's provisions do not make the investors have in the confidentiality of the additional losses. .


"Now, the new year's day after the affected only those in Cayman opened bank accounts of the enterprise, this assumes that the Cayman surrendered to the EU. ”。.


"Customers will not usually change the registration of the plan at the two locations, for many clients, these changes may be not very important." He added. .


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Digital suspected of reducing taxation. .


Domestic red chip companies "legitimate tax" path-overseas offshore company.


In early 2003, one on the BVI (British Virgin Islands, also known as the Virgin Islands), the news alarmed a number of listed companies at home and abroad. Sources said that since 2003, BVI registered company will be on the island and major changes in tax policy. "In fact, little change is a false alarm." Hong Kong, the manager of the Pan American International, said Guo. Pan American International, the British Virgin Islands, the largest in the United States and Hong Kong, the local registration management company, I am responsible for Guo mainland companies registered in BVI offshore company's various issues. .


According to the Pan American international company statistics, global registration of offshore company with more than 70 million businesses, of which more than half a million registered in the BVI offshore companies registered in 80%-90% are registered to the BVI. 50 000 BVI companies, about 15 to 20 million homes and Chinese enterprises.


Offshore company, in English called "Off shore Company", specifically refers to such as the British Virgin Islands, Cayman Islands (Cayman), Bermuda (Bermuda), etc. according to the local "Company Law" established companies. They need this completed the registration formalities, but are actually engaged in commercial activities elsewhere. .


Guo Wei said, the new rule changes mainly two: first, the issuance of bearer shares will be placed in the depositories, the cost will be introduced in the near future hosting.


In the BVI the local, only shareholders of record of the transfer of shares change occurs, the stock is still custodian. In the BVI can issue two kinds of shares, registered shares and bearer shares. The original bearer shares great freedom, but there are risks, after lost original shareholders no evidence to prove that they are shareholders. .


Another change is the degree of freedom of information. The new rule provides that, in connection with a criminal offence (mainly refers to money laundering), the Supreme Court to issue a search warrant, a BVI company's shareholder information must be disclosed. After the events of 11 September in the United States, more than one registration of offshore companies in the region, including the Bahamas, Bermuda, the Cayman Islands and other areas are tightening up of the companies Act, to combat the global money laundering activities, calls for increased transparency.


"BVI is part of the modified light, BVI government to do very clearly, just modify the rules of bearer shares, even if the company is not willing to pay more for hosting fees, you can modify the articles of association issue bearer shares. BVI left a lot of space to the company of their choice, different choices have different costs, BVI Government's approach is very market-oriented. change after the unlawful use of the restriction, but for legitimate purposes were not significantly changed, unlike some local changes, illegal practices are legitimate no longer applicable, affected the market. you know, there is competition between these oases of."Guo Wei, as anyone familiar with the operation of the BVI.


Public information under the Hong Kong Stock Exchange, Hong Kong, 67 red-chip companies in more than 20 registered in Bermuda (Bermuda), Cayman (Cayman), mostly well-known enterprises in the Mainland, such as Digital China (0861... hk) and the remaining more than 30 locally registered in Hong Kong were selected. .


"Generally speaking, the Mainland enterprises company, there are four purposes: one is prepared to the Hong Kong stock exchange; the second is as a springboard investing; the third is a registered Holding (holding company), ease of capital operation, design a legitimate tax avoidance schemes. Sometimes a company registration of offshore companies and these four objectives, each of the objectives are not completely separated. And Bermuda, the Cayman Islands, BVI offshore company's simple, just take the shareholders and directors of each one, you can register in two days and costs low. "Guo on offshore registered intermediary business fingertips.


In Bermuda, the Cayman Islands-registered companies in Luxembourg, Dublin, Vancouver and Hong Kong for listing, but because of BVI registered companies seeking a simple, low transparency is basically not acceptable in any market. .


Lehman Brothers (Lehman Brother) Hong Kong Branch of an investment bank, in the Hong Kong stock exchange, usually need to register the two overseas company. In the Cayman Islands or regions in Bermuda registered a holding company, it is listed in the "prototype".


Cayman holding company with domestic industries, direct listing would have been able, however, is often based on experience in the domestic industry and the Cayman middle of a BVI company listed. In the restructuring, BVI company acquired the domestic foreign-invested enterprises as the mainstay of holding domestic enterprises, while in the Cayman company also has a BVI company hundred percent of the shares, such an arrangement, the Cayman Company "future business" provides greater flexibility. If in the future for every new listed company business can be considered under a separate company in the Cayman BVI companies which are engaged in different business between companies independent of each other, not mutually implicate. .


This arrangement is a very common structure in the overseas listed companies to Exchange acceptance. "While the BVI and other types of companies, registered applications. BVI allow a natural person, legal person assumes the company's shareholders or directors of the free space is very large, more companies would choose in this register Holding (holding company), "Guo Wei emphasized.


"Tax cut" secret, in Guo seems, BVI is not a tax haven, but "can lawfully tax cuts." .


Currently, the global offshore OASIS are mainly distributed in three regions: Atlantic, close to the North and South America and the Caribbean, Europe, far East and Oceania regions. They have in common is the same as very small countries and regions, a colonial history or still for the colony, the scarcity of natural resources, weak economic base; creation of favorable tax environment, strengthen supporting financial services, construction of a "tax havens" became attracting investment, enhance the competitiveness of these regions, the only way out.


June 26, 2000, the OECD released a report entitled "Identification and elimination of harmful tax act of the process," the report, this report will be 35 countries and regions included in the blacklist of tax havens: the British Virgin Islands , Greenwood, Seychelles Islands, Panama, Tonga. This list is based on the determination criteria: the region or country effective tax rate is zero or has zero tax rate; the lack of effective exchange of information; lack of transparency; no substantive business operations requirements. However, the report's view is clear and has not been recognized by many multinational companies."Registration of offshore companies in the international arena has been popular for several decades, the applicable civil law (common law) on the offshore companies are very well. Nearly 20 years of offshore companies have to slowly come to accept, in accordance with this two years took over the business, it is clear that the Chinese mainland to disembark company's acceptance. "Guo Wei further stated.


In early 2001, the OECD has issued notice to the British Virgin Islands from the "blacklist" on the erase. BVI Company BVI company and tax law, only the equity between the BVI company is completely tax-free, in addition to tax cuts can only be. BVI companies also receive revenue outside of the many benefits, such as help develop the company's cross-border business, you can bypass the restrictions on the export quota tariff barriers, so as to avoid the strict foreign exchange controls to ensure the company registration and other highly confidential information. .


As an intermediary, the Pan American international companies generally do not have direct contact with customers. Basically, customers are its accountants, lawyers, etc. have a financial plan, the accountants only to the company, the company is responsible only for registration, registered agent and all transactions between non-disclosure agreement. Once an organization has the problem, by the local Court of criminal investigations, the first is to inform the registered agent, and then again by the company by certified public accountants accounting firm, notified the company and submitted to the company details.


Guo said the company used a separate battle, one-way communication mechanism for strict confidentiality. .


"For some of the economic, legal, etc. in a transition phase of the market, through offshore companies conducting business in these markets, which is equivalent to the entire group has established a protection barrier. Many foreign investors including Taiwan, many enterprises to invest in the Mainland, the base would choose bypass these oases of ' offshore '. "Guo Wei said.


MOFTEC statistics show that, in January 2002 to October China's use of foreign investment has reached 44.721 billion U.S. dollars, in order to calculate the actual amount of investment of foreign capital investment in China top ten ranking of countries and regions, British Virgin Islands and the Cayman Islands, sub-out section 2 and 5. .


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Foreign companies 127 billion yuan in tax avoidance, tax avoidance aimed against losses on foreign sources of ChinaItLab: Cheng Ruihua 2006-3-15. .


Wang, Deputy Director of the State administration of taxation, recently said that, this year should strive to achieve new anti-tax, focus on tax-payer. Visible, "anti-tax" work more and more attention by the Government.


Then, the amount of foreign companies in tax havens how much? A wide spread of data is 300 billion. The official figure is not fully estimated. In fact, according to calculations by tax officials in some places in China, this figure may reach 127 billion yuan is huge. .


At the moment, most of all in order to develop the economy to foreign investment, and a large number of foreign-funded enterprises emerged. Related data show that in the past two years, China's actual use of foreign direct investment has more than 500 billion, China has become the largest foreign direct investment (FDI) into one of the country.


However, a large number of foreign companies operating conditions and can not be optimistic about the information that some foreign-invested enterprises, the average loss of 51% to 55%. Even more puzzling is that these foreign home for many years despite the losses, the loss would end up after the series of additional investment. Foreign-funded enterprises were loss of real earnings "puzzle" was the secret behind the so-called reasonable tax avoidance. .


The so-called tax havens are in order to achieve maximum profits and minimize the tax burden on all differences between tax law, planning for individuals or groups internal financial tax saving scheme to evading tax. Tax avoidance in violation of tax legislation, contrary to the Government's tax policy guidance to the national tax base damage, resulting in the loss of tax revenues, reduce, and affect the normal flow of capital, undermine fair competition in the economic environment, however, tax, legal and reasonable tax avoidance. It is precisely for this reason, many foreign companies take a variety of ways to achieve the purpose of reasonable tax avoidance.


From the Beijing Local Tax Inspection Branch of the data shows that: to be inspected more than 80% of foreign companies have violated the law, which foreign tax law violation cases concentrated in the personal income tax, business tax and taxes on urban real estate tax. According to an official of Beijing Local Taxation Bureau, "tax avoidance" has become common in Beijing acts of foreign employees.In Beijing, the work of a French company, Mr. Zhang, monthly $ 7000, French company pays $ 3500, the Beijing Municipal Foreign Service Corporation to pay $ 3500, his personal income tax base thus significantly reducing tax per month is less than $ 500, but this figure should be at least $ 700. Like this through fractionated payment of wages or wages from different channels with less pay personal income tax, many foreign companies are common practice.


Means of transfer pricing tax avoidance. .


A high intake of low. This kind of manipulation on "two out" of the enterprise is especially effective for high prices of raw materials: import, export of finished goods at low prices, the domestic processing enterprises profit tends to zero and even losses. And the fact that corporate profits have been transferred to go outside.


Second is the use of affiliate sales and renting of fixed assets between tax avoidance. Such as equipment or fixed assets will raise prices, inflated production costs; the transfer price hidden in the price of imported equipment to avoid withholding tax on technical fees; expensive rental property overseas affiliated companies, corporate profits will be transferred by lease exit costs. .


Foreign profits not only from the business tax, VAT and income tax, directly reduces the country's tax revenues, but also disguised takings of China venture capital income of legal persons, which resulted in the unfair competition. Due to the transfer of profits resulted in a loss of foreign investment in China, it is easy to result of foreign-funded enterprises false book losses and low profit, return on investment, impact on unsuspecting foreign investment initiative, which also goes against the original intention of attracting foreign investment in China.


Tax avoidance is a direct consequence of the impact of state tax benefits, to directly reduce state tax revenues, have attached great importance to this world. The United States was among the first countries to implement anti-tax avoidance, as early as in the "War" period, we have begun an anti-avoidance legislation. After decades of continuous improvement, has now established a relatively sound legal system, anti-avoidance. U.S. regulations, companies avoid tax (income tax), net 500 million or more, with the exception instance, several recovered, it will also impose a 20 to 40 percent of the fine; businesses from tax havens, with the tax business is different from other areas terms, etc..Moreover, in the 11 million federal tax officials, hundreds of people dedicated to anti-avoidance work. At the same time, the United States also possesses a team of tax police as tax evasion, tax avoidance as you strike.


Chinese tax authorities in the anti-tax evasion has taken a more proactive stance. Despite facing various difficulties, but the State Administration of Taxation continues to take various measures to fight tax avoidance efforts, and strive to safeguard national interests, continued to strengthen against foreign tax evasion phenomenon. .


One is to increase the intensity of transfer pricing audits. From 2005 onwards, the State took over the transfer pricing audits, APA on the sign ' and closed are required for approval of the measures effectively mobilized the enthusiasm of the work, improving the quality of the anti-tax and economic efficiency. In 2005, the adjustment of the amount over $ 10 million to make enterprise a relatively large increase in the audit process in the normative, technical content in varying degrees, been improved.


Second, positive bilateral advance pricing careful work. Since the first half of 2005 Success of the first case of China signed a bilateral APA, the investment companies in China have also proposed a bilateral APA, said the will. Currently, there are six cases of bilateral advance pricing on work in progress sign. Unilateral Advance Pricing on over 130 families signed. .


Not long ago, the State issued the circular on further strengthening the anti-tax's notices, "international cooperation" and "tax" and "international tax Management Department" suddenly become emphasis, for foreign-funded enterprise tax avoidance has become high-income job this year. For a large number of foreign long?term phenomenon, the notice stated that tax authorities will focus on reviewing the long-term losses, profit margins continue to expand the scale of the enterprise and jumping and profitability, hunt "losses" of the foreign enterprise.


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Digital China suspected of capital flight and the loss of national wealth.


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Discover China's capital flight pathway 2005-02-10 offshore financial centres present.


In recent years our country for the bad behavior of capital flight intensified the trend, China set off a storm is brewing. In early August 2004, the PBC, the State Administration of Foreign Exchange, the CBRC and the SFC and other financial regulatory agencies intended to set up four working groups were proposed to curb capital, research and vicious "transit" flight of concrete solutions, those who continue or to be offshore financial center through the illegal flight of Chinese capital, enterprises or individuals, the more difficult to succeed in its attempt to.This becomes the target of public criticism of China's capital flight of the "transfer" to include the British Virgin Islands, Cayman Islands, Western Samoa, Bermuda, the Caribbean and the Pacific, which belongs to a world famous offshore financial centres, the tiny size of transparency and because of the lower extreme liberal system of management, have been all kinds of capital as a "tax havens".


An offshore financial center past lives. .


Offshore financial markets (off-shore market), also known as the "foreign markets" (external market), which refers to the operation of non-residents (i.e. foreign lenders, investors and foreign borrowers) financing business market, it and operations between residents and non-financial business of the bank financial market relative.


To circumvent the control of motivation and the product of advances in information technology, offshore from the advent of the date of the financial markets and capital flight since forged a bond, its business operations and management can be divided into three categories: internal and external mixing type, both inside and outside Separation of type type and tax havens. .


1, the hybrid offshore financial centers, offshore financial services and domestic financial business, capital flow height liberalization. Inside a hybrid offshore financial centres are typically formed by nature, typical London, Hong Kong, the former in centuries has been the world's centre of the capital markets, the latter have long served as a Chinese asset management centre's history.


2, the internal and external separable offshore financial center, offshore financial business and domestic financial business separation, the regulatory authorities of the tax benefits given to non-resident transactions, foreign capital inflows on the domestic tax system is not implemented, interest rate controls and reserve system, but non-resident transactions must be strict separation of domestic accounts, prohibit non-residents operating in the offshore business and domestic business. Separate offshore financial centers outside the general government of the host country for non-resident transactions specifically created artificially, and its typical Singapore, New York, Bahrain, Tokyo, Labuan (Malaysia), Bangkok. .


3. tax havens-offshore financial centre boasts a large number of registered financial institutions and companies, these companies are known as offshore companies (off-shore company) or international business companies (IBC, international business companies), but they are usually not in offshore financial centres established entities, the actual business is still in the home country, simply by registering on the books of institutions within and outside transactions carried out in order to enjoy the area that is typical of the British Virgin Islands in the Caribbean, the Bahamas, Cayman, Bermuda, South Pacific Nauru, Samoa, the English channel on the Channel Islands and the Mediterranean island of Cyprus on the . One British Virgin Islands is the world's largest offshore company registered in one of its offshore financial services industry since 1984, has been developing rapidly since the re-start. .


4, according to a British Economist Intelligence Organization (Economist Intelligence Unit), the end of 2001, the British Virgin Islands-registered total of international business companies reached 470029, of which only 2001 year new registrations 50234, financial and business services to create the island 2001 49.6 per cent of GDP. According to Yin Cheng Hong Kong International Corporation (Insinger & Beaufort) statistics, registration of offshore companies registered in the 80 ~ 90% of the British Virgin Islands; these offshore companies have more than 70 million businesses, of which 50 million are British Virgin Islands. The object to be discussed in this paper, mainly tax havens offshore financial center type, and mainly the Caribbean offshore financial centers. .


Second, off-shore financial centres are becoming popular in the enterprise.


As the offshore financial centers (in particular tax haven-based offshore financial centers) Statistical data and company information, opaque, how many of these areas related to China's offshore company, so far no unified, generally accepted statistics, different sources data differ. .


According to article 7, 2002 issue of the new financial magazine survey, 10641 registered in Caribbean offshore financial centres of enterprise and the Chinese mainland, these regions average daily register a Chinese concept of the company. According to Hong Yin Cheng International Corporation (Insinger & Beaufort) statistics, as of early 2003, more than half a million home in the British Virgin Islands-registered businesses, some nearly 20 million enterprises are concerned with China. As of early September 2003, the Hong Kong stock market listed companies in total 1019, which in Bermuda and the Cayman Islands are respectively 455, 276, total 731, accounting for 71.7% of the total number of listed companies; all in China , listed companies incorporated outside Hong Kong, the total market value of 320.897 billion U.S. dollars, accounting for the Hong Kong stock market value of 637.425 billion U.S. dollars the total amount of 50.3%, which in addition to four outside the company, are in Bermuda and the Cayman Islands-registered from the shore company.As of early 2003, Hong Kong listed companies in 67 home red chips, more than 20 registered in Bermuda, the Cayman Islands. With Chinese companies in Hong Kong, the United States, Singapore and other areas have been listed on the craze, the Cayman Islands, Virgin Islands, Bermuda … these are not the intended recipients of the prestigious small islands gradually became the Chinese Enterprises Ltd. Including digital (0861), etc. In fact, the owner of these companies will not be possible for life to the company's registration. What, then, is the driving force behind the driving a lot of enterprises, to these tax havens-offshore financial center?.


(A) From the supply side, the Caribbean offshore financial centers have a very favorable business conditions and a very relaxed regulatory environment, world rare. .


First of all, the region has no foreign exchange controls, registration of international business companies unrestricted funds transfers, which introduce national enterprises, the equivalent of free capital of heaven.


Second, the British Virgin Islands, Cayman, Bermuda and other places is part of the autonomous British colony, the British Commercial Companies Law, based on commercial practice at the international common law must often carry out the overseas company has considerable attractive. .


Third, the legal environment in the region, very little information disclosure requirements, as opposed to strict confidentiality provisions to enable listed companies to their own safety have adequate protection, greatly reducing the risk factors. Local court even repeatedly blocked bank to a foreign court, the Government provided customer information to the enterprise and the actual controller provides good conditions a concealed.


Fourth, the tax slightly in the region, and almost all the Caribbean offshore financial centers and major economic powers signed a treaty to avoid double taxation. .


Fifth, the offshore company registration procedures, maintenance costs are very low. There is a professional agency to complete, do not need to register in person to the place of registration, you can also register; registration cycle is very short, usually on the same day, in Western Samoa, international business companies registered in 1 hour, its name can be approved within 5 minutes. Some law firms, agencies, or even a similar way to the "assembly line" various "specifications for making" a registered international business companies, for the customers, ordering. International business companies registered in Barbados only pay an initial license fee of 10 dollars, also to pay 100 U.S. dollars per year. Even in the high cost of registration and maintenance of the British Virgin Islands, the minimum registration fee is only 750 U.S. dollars, an annual cost of 650 U.S. dollars. .


Finally, the offshore company management easy and there is no need for the annual general meeting of shareholders and Board of Directors, even if the sites are free to choose, the greater degree of freedom. Many offshore financial centers on international business companies do not have the minimum capital requirements. If the Nevis offshore company, shareholders, directors and employees may be citizens of any country, and in any place, shareholders and directors may not meet to take concerted action, the company's major business sites archives and can be located anywhere.


(B) from the demand side, the large number of domestic-funded enterprises registered in offshore financial centers selected, and then invest in the Mainland to conduct business (many of whom are well-known companies), also from a wide range of purposes. .


1. peel off bad assets.


Due to historical reasons, China's high non-performing assets of financial institutions, capital adequacy ratio lower. To complement the capital adequacy ratio, as soon as possible after Entering WTO and in the future after the implementation of Basel II international competition situation, China's financial institutions listed in recent years launched a wave.For listed banks must split the bad assets, due to the disposal of nonperforming assets need to spend more time and higher costs, in order to win the trust of investors, to obtain ideal stock, with the parent-subsidiary relationship between limited liability, and offshore financial centres on offshore company asset quality requirements are extremely tolerant of bad assets will be split into an offshore subsidiary, is a highly effective and feasible solution. The 1990s, the Japanese banks were using this financial technology to its Cayman Islands branch of a transfer of funds in order to recapture its domestic non-performing assets.


2, curve overseas listing. .


Cross-border listing company is the 1990s the international securities market development of a prominent feature, mainland China, overseas listing more attractive in many areas. For a long time, the Chinese Government Chinese enterprises listed overseas listing and directly raised funds requirements are very strict.


First, the scale of the threshold requirement, market participants vividly called the "456 cases": "4" means net assets have reached 400 million yuan or more, "5" is a listing of the total financing of more than 50 million U.S. dollars to be met, "6" after-tax profits in the year that listed in more than 60 million U.S. dollars. .


This was followed by a nondeterministic "China Law no objection letters" requirement, i.e. in 2000 in the overseas going on the market of China mainland enterprises shall be reported to the China Securities Regulatory Commission and the Chinese law no objection letter.


The third is the use of public fund-raising requirements, Mainland enterprises listed overseas registered funds raised must all be transferred back to the mainland. In addition, private enterprises are still some additional restrictions with uncertainty. The above requirements greatly increased the overseas-listed mainland companies difficult, particularly for small and medium enterprises and private enterprises. .


This strict regulations must hasten to avoid sexual activity. In view of Bermuda, Cayman, British Virgin Islands is a Nasdaq listed company's legal registration, and the Hong Kong Stock Exchange in July 1992 promulgated the "GEM Listing Rules" the first will be Bermuda, Cayman Islands including offshore financial centers such as olive into the GEM listed companies within the legal registration, to "create shell listed" strategy (that is to be listed on overseas stock market or allow the country where the establishment of a Chinese company's holding company, and then to apply for listing the name of holding company) to be regarded as a circumvention of the size threshold requirements and the "no-objection letter to Chinese law," required option.Moreover, since the offshore financial centres to local registration of offshore company funds transfer virtually no exchange controls, the company invested, application there is extremely lax, through the offshore company can be listed in the international capital markets to raise funds for first overseas offshore company, according to the specific needs of the enterprise operating funds gradually to the own business also is beneficial.


3, Venture Capital, "a soft rustic treasure." .


Although the Cayman, Bermuda, Virgin, the unknown Island entered the Chinese perspective from Chinese enterprises listed overseas. But in these islands registered more than l million and China-related business, in fact, only a small part of this aim. An intermediary who believes that currently many accept overseas venture capital investment in high-tech enterprises is the real offshore registered Corps force.


Produce to the overseas market with the idea that after the registration of offshore companies set than many foreign investors attracted to high-tech venture capital companies seem more prescient, the company start-up time of registration to the general in Cayman, Bermuda, the Virgin . 1 Zhongguancun high-tech enterprise managers that in order to circumvent restrictions on domestic policy in general have adopted an indirect foreign venture capital investment in the form of foreign offshore companies involved in China's venture capital market in order to realize the investment value in a smooth exit. As a business enterprise, of course, with the investor to achieve a win-win objective.So, would the Cayman, Bermuda, Virgin, registered in offshore jurisdictions, offshore companies as investors investment funds. In the face of the economic, legal, are in the transition period in China, through an indirect investment in the form of offshore companies, offshore venture capital for counterfeits a swords and difficult to "soft" indecent armor.


Venture listing is the best form of venture capital exit. As China's capital market imperfections, domestic being the case, it would only pass the overseas venture capital market in order to ensure safe return, thus, the problem back to the original article - venture capital firms and investment companies are also aware of the Cayman, Bermuda, the Virgin of these islands lies its charm. First entered China in 1992 venture capital market, IDG International Data Group, for example, the success of its overseas investment have listed, is achieved through offshore companies registered overseas listing of the typical curve. .


The investment shareholding agreement transfer is risk capital withdrawal of another important means. If the venture is overseas offshore companies registered in the shareholders to transfer their shares or the withdrawal of venture capital and change in the ownership structure, the internal approval process so that the transfer of formalities and procedures have been simplified. But if the direct investment enterprise is registered in China, in accordance with the relevant provisions, their stock transfer must be reported to the approval authority for approval (approval agency approval is also required to seek the consent of the Ministry of science and technology), and then to the State administration for industry and Commerce Department to handle formalities. Complex procedures, long waiting approval may result in missed market opportunities for business already. Coupled with the Cayman and other places to avoid double taxation for investors, which makes venture capital companies registered overseas operating costs lower than the national register. .


4. domestic capital curve obtained with foreign investors the same treatment.


Foreign-funded treatment is better than 80 since the 20th century, a common phenomenon in developing countries. China offers to foreign investors typically include low taxes, low price of land and basic services, relaxing restrictions on approval of the more liberal foreign exchange control requirements and so on. In the tax rate, foreign-funded enterprise income tax rate of Chinese ceiling of 33%, while Chinese-funded enterprise income tax rate until 1993, from 55% to 33%. Although the majority of domestic enterprises and foreign enterprises income tax rate on behalf of unity, but because of tax exemptions vary widely, on the whole, the actual tax burden on domestic enterprises about twice the foreign-funded enterprises.China's finance leasing companies are in the business tax rate of 5 per cent, but the use of RMB funds tax base for the use of foreign exchange funds of the tax base for the spreads (i.e. "rental income-borrowings"); finance leasing companies and joint-venture leasing company, 5% business tax and other business enterprises engaged in financial leasing, 17 per cent of the value added tax. Approval of the investment threshold, the 90 provisions of the State Planning Commission for more than 200 million yuan steel industry investment projects must be approved by Planning Commission, but the joint venture must be submitted for approval of the investment limit was 30 million U.S. dollars (according to the official exchange rate was about 247 million yuan), certain joint ventures can be raised to 50 million U.S. dollars (about 424 million yuan). In the foreign exchange control, foreign loans funded enterprises must go through a complex approval process, while foreign borrowing debt without approval.In this case, the domestic enterprise establishment of offshore companies and offshore companies invested enjoy foreign investment "-national treatment" is undoubtedly a rational choice.


5, concealing the actual controller of the company. .


Be prepared, often in multiple offshore financial centres registered more than the "shell" company in the domestic assets into overseas "shell" company, holding exchange of assets between Warren, also complicated and confusing, coupled with the avoidance of offshore financial centres are extremely loose information disclosure requirements on offshore company's business, assets and liabilities, shareholders and directors constitute the conditions for good privacy conditions conducive to business related transactions, but also the internal people deliberately blur real property rights vested in the company's intention to be achieved. The so-called "market participants, the more complex the more secure" is this effect.


6 and legal tax avoidance. .


So far, China's foreign investment enterprises belong to the external processing trade enterprises, product competitiveness primarily from price policy, therefore, in our global investment strategies, the importance of the cost factor is very high. Accordingly, legitimate ways to reduce the tax burden has become China's foreign investment policy. The establishment of offshore companies to help enterprises reduce global taxation, this advantage granted to the concerns of the Chinese enterprises and take full advantage of.


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Havens of offshore BVI shortcuts make shell China business catalogue listing the curve.


According to the Stock Exchange of Hong Kong public information, 67 red chips listed in Hong Kong companies in more than 20 registered in Bermuda (Bermuda), Cayman (Cayman), mostly well-known enterprises in the Mainland, such as Digital China (0861.HK) and so on. According to incomplete statistics, the choice in the Cayman, Bermuda, as the Hong Kong GEM listed company registered far more than in China and Hong Kong registered company. But according to China's Growth Enterprise Market listing requirements, the Chinese mainland, Hong Kong, Bermuda, the Cayman Islands is a legitimate business in Hong Kong GEM Listing registered.So why do so many domestic enterprises to overseas listing? overseas stock markets why bypass, Bermuda, the Cayman Islands and other places to register?.


Beijing King & Wood Tang securities lawyer that "companies have chosen to domestic or overseas market is the corporate behavior, two methods have their advantages and disadvantages listed.". .


First, create a shell to resolve.


Shell is made outside the listed company outside Bermuda, Cayman, Cook Islands, British Virgin Islands registered company, etc. (or buy local companies have been subsisting), Yong Yi holding domestic assets, but, would have set up corresponding foreign holding companies, and the corresponding percentage of equity and profits into offshore companies to achieve public purposes. .


Building shell of operation time is short, the procedures are simple. Because it is not a public release, just make a company's equity and control, and then take note of their assets into asset listing can be reached. From a procedural point of view it is relatively easy to some, but companies in its foreign and domestic funding arrangements are superior. Overseas listing can increase corporate visibility, the "shell" overseas companies can take control of the Mainland, investors can shell companies understand domestic companies, shell companies have "window and the role of a bridge." In addition, shell companies in Hong Kong, China, Bermuda, Cayman, or common law areas such as the establishment of the law on stock transfer and corporate governance requirements with international standards, which sponsors, shareholders and management are more favorable than the subject knowledge and acceptance of international investors. .


Second, the cost ratio.


Compared with the overseas listing in the domestic market has its advantages: on a limited or shares of domestic companies, first of all, it's shareholders to understand Chinese law, familiar with the legal environment; present, China's legal supervision as large foreign, so the company relatively large degree of freedom. Second, the company and the Chinese regulatory authorities to facilitate communication, cultural and linguistic advantage. Finally, listed companies, the domestic price-earnings ratio (P / E) ratio of overseas high. High price-earnings ratio, the higher the price, the more the company to raise funds. "From the side, the company listed in the domestic than foreign low-cost," Tang counsel..


On the cost of the listing, Wei Beijing headquarters of the group a rises Manager and lawyer instead of Tang dynasty. In his view, the domestic market dominant low cost than overseas, but cannot afford to ignore China's "hidden costs". Overall, domestic listing costs less than overseas listing high.


Explicit costs: agency costs listed overseas higher than the domestic market. For example, in Hong Kong-listed, need two sets of intermediaries. According to regulations, requires at least one sponsor; companies inside and outside a solicitor, a lead underwriter for foreign lawyers; companies, one each inside and outside accountants; outside an appraiser (including state-owned shares if the assessment of need within the division). .


Hidden costs:.


First, the public relations cost. In China, all listed companies want to be listed by the issuance examination committee approval. Therefore, there will be before the Commission before the IPO, "toured" with the preparation of listing, the enterprise in the process will generate a lot of "public relations expenses." However, this situation does not occur outside the enterprise market is the final review of transactions. .


Secondly, time costs. Domestic listing time cost is relatively high. For the enterprise market, China is "channel", every year, only a few of the places listing. A company in domestic listing sometimes several years. But outside, the listing criteria, once matured to listing the "queue".


In addition, our law to take "paid-in capital" system, if companies want to sign up for a 50 million company, it must be a registered capital of 50 million. In this case, a limited company or joint-stock companies is more difficult; according to China's "Company Law" stipulates that the establishment of joint-stock companies have a powerful addition to the amount of capital but also by countries outside the strict approval system. As domestic companies listed on the approval process more public review than the strict, so the company listed in the preparation of material to put in more effort and time, this is a cost."Many overseas companies on the market after the flight in the domestic market, as the interchange in the overseas going on the market on A return to the country. This saves time, SFC review will loose some. ”。.


Three obvious advantages. .


Overseas listing of company's attractiveness to investors. Overseas listing can enhance their international status. This type of advertising is the price. "Wang said. "Overseas companies to accept more overseas research institutions, to which foreign companies. This image has a lot to improve. "From a legal perspective, the lawyers of the view that, since foreign investors to the domestic situation not more outside the legal system on the investor's rights are adequately protected (such as a shareholder), so investors in foreign companies higher degree of trust.


In the country, H shares are subject to domestic legal constraints can not be tradable in the stock market, could only be transferred under certain conditions. Incorporated overseas to red chips listed shares tradable in capital markets. Absorption of tradable shares of venture capital more easily, also easy to secure the withdrawal of venture capital. Meanwhile, the foreign IPO (initial public offering) price higher than the domestic. Red-chip companies issuing new shares above the price of H shares. Such as China Unicom, China Mobile with red chips listed, when it issued new shares price higher than the H-shares of China Telecom.It can be seen offshore investors believe the press outside the legal setting company.


In addition, senior managers outside the incentive mechanism in the ESOP. Overseas listed companies can take advantage of this incentive mechanism, which greatly enhance the management team's cohesion. .


Outside the building shell for business financing. At present, at home, listing the amount is a scarce resource, the majority of private enterprise or small business it is difficult to obtain credit financing is also listed on the more difficult. Therefore, outside the "shell" made into a number of major corporate financing. In Hong Kong, if it is in compliance with the regulations, in compliance with the listing and trading rules, conditions, after a certain period, enterprise ready for refinancing, the approval procedure is quite simple.


Fourth, special tips. .


1, investment banks, financing companies Tip: note listing costs. Prior to listing fees are generally involve intermediary costs, the cost of the review body and some miscellaneous (listed in accommodation and travel expenses, etc.). Intermediary costs from fixed fees and variable costs made up of two parts. Fixed costs include sponsor fees, legal fees, accountant fees and valuation fees, etc., these costs can pay by installments. Change in underwriting fees, fee means the fee after the listing of the company from its fund-raising in proportionate. To the GEM, for example, the cost to the Hong Kong GEM listed as follows: Sponsor consultancy fee of about one million to two million Hong Kong dollars; listing commission amount of money raised for the company after the listing of 4% to 5%.Listing fees of about 120 million to 150 million; corporate counsel fee of about 130 million to 150 million; sponsor legal counsel fee of about 80 million to 100 million; accountants and auditors at a cost of around 70 million to 150 million; valuation fee (not including overseas assets valuation) of about 10 million to 40 million; PR consultancy fee of about 25 million to 40 million; prospectuses printing costs about $ 4 million to 80 million; stock transfer fee of $ 5 million to 20 million; the beneficiary's bank fee of about 20 million; the Chinese legal consultant fees of approximately 15 million to 20 million. Totals approximately 1000 million or so. For some SMEs, the listing is not cheap, good cost control is the key. .


2. lawyer tips: in strict accordance with legal procedures. SME listing problems: first, the enterprises themselves should know inside and outside the legal environment of the listing, the listing before conducting a feasibility study. Second, it is necessary to understand the mentality of investors. Enterprises should be fully informed of the investors on the company's views, and according to the specific situation of the enterprises themselves decide whether they should set up the company abroad. Third, the enterprise should have an orientation, it is necessary to consider how the market is best suited for enterprises of their own development, etc..


3, in particular, to remind: enterprises must pay attention to the legality of setting up a company overseas, to get the government approval. Otherwise, hit the market is not even recognized by the state; China implements foreign exchange controls, the company's Zhanlue restructuring and design their own when every move Yange the law in accordance with Chinese laws and regulations to the existing act. Should pay attention to outside interests shell company has the legitimacy and legality of funding sources. .


Intermediary company reminded: attention to after-sales service, not just for the sake of cheap. Enterprises in business while you select the intermediary, not cheap but who has influenced the later development of the enterprise. For registration, for example, in Hong Kong-registered companies every year to pay the renewal fees "," is the annual fee. Intermediary service content of each year to help enterprises inspection, an inspection certificate required is "business registration", that is, tax registration certificate. The agency fees are low but does not offer the "business registration". Hong Kong for the annual inspection is very strict, if the companies without business registration certificate, to be regarded as no registration, no registration will not be annual, not on time will be the annual "blacklist." Now there are a number of domestic individual agencies or small agency could make money in the first year after the close down because of poor management. Have chosen this medium, the second year of the annual inspection of enterprises will be very troublesome. Now is the cost of business registration more than 600 Hong Kong dollars, in March of this year rose to 2250 may be dollar. .


5.


Bermuda has always been foreigners and foreign businesses a tax haven, there is a word widely circulated in the local business community: "If Bill Gates had to set up this company, he would be richer today." Many U.S. companies have chosen Bermuda as a new registration, mainly because Bermuda has no corporate income tax, followed by Bermuda from the United States because of the past. Offshore companies registered in Bermuda is simple, low cost, simply for file conversion, simple to just set up a mailing address in Bermuda.The business center of multinational corporations usually stay in the United States to continue to enjoy the United States Government, the judicial system to provide protection and a good business environment in the United States. Into the Bermuda company, the company will no longer have their origin in the United States income tax to the Government of the United States. Tax expert Wei Donald Rumsfeld believes that any one has certain overseas revenues of the company by the name of the headquarters moved to Bermuda, a sharp decline in the tax burden.


And, like Bermuda companies to attract many of the world where the "settle down" and also the British Virgin Islands (also known as the British Virgin Islands - BritishVirginIsland, referred to as "BVI"), the Cayman Islands, Bahamas, Isle of Man, Republic of Panama and so on. These regions and countries known as "tax havens", "tax havens" and "offshore oasis." In China, there are many companies registered in these areas.According to China's Ministry of statistics, in January 2002 and October China foreign investment accumulated 447.21 billion, according to the actual amount of foreign investment in China with the top ten countries and regions, and the Cayman Islands, BVI, paragraph 2 and 5.


6, overseas offshore company. .


Overseas companies, the English language is called "OffshoreCompany." Where the original residence outside of incorporated companies, generally known as overseas offshore companies in areas such as the Cayman Islands, British Virgin Islands, Bermuda, and in accordance with the local company law established companies fall into this category. These regions are members of the Commonwealth, the "company law" comes from the UK, is the world's recognized as the most complete and the companies Act, all over the world have a high level of legal status, protection under international business law.


7, what kind of business offshore to register? . .


According to the counsel of Meng Longanlvshishiwusuo, various registration may disembark. Can be classified by industry: investment or holding companies, trading companies, patent rights, trademark rights held by the company, usually their own intellectual property rights holders can be patents, trademarks and other rights transfer to the offshore company, then from the offshore company authorization in different countries of the authorized person to use such intellectual property for the purpose of collecting fees empowered e-commerce company, offshore companies through the Internet to engage in e-commerce companies. Because of its "product" or service is transmitted by electronic means, so it can be placed in a server anywhere in the world. Local law does not make any restrictions on such companies. For Chinese Internet enterprises, we can realize the purpose of financing and to facilitate access to foreign exchange. The purpose of registration can be divided into three categories: foreign investors; some of China's private enterprises; there is a category of listed companies demand (high-tech, new materials, new energy, bio-pharmaceutical and other industries). .


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Digital suspected loss of national wealth. .


British Virgin Islands is the plight of private enterprise evils business newspaper reporter Huang.


A large number of Chinese enterprises rush to the British Virgin Islands - a phenomenon with the British Virgin Islands (BVI) Finance Minister Ronnie  Skelton (Ronnie Skelton) recently visited China again in the Mainland business community launched the so-called 'black hole' debate. Chinese companies simply landing BVI three purposes: tax avoidance, market and transfer of assets. Some scholars think this is a 'black hole of loss of national wealth', and that this breed of money laundering, swindling money to other criminal acts, and some experts believe that this phenomenon is not a special case, not an impact on the national economy. Each have their own reasons, the two sides locked.Reporter after an investigation found that the Mainland enterprises from overseas have many ideas, but also have a lot of frustration. To change the situation, the need for the Government's strict policy, needs more support.


First, a beachhead within the enterprises 'tax haven'. .


BVI this only 154 square kilometres of the Western Indian Ocean islands, Yin Cheng Hong Kong International company, in early 2003, 50 million have been registered in the British Virgin Islands, about the enterprise nearly 20 million homes and businesses have a variety of associations. With many companies on the ' BVI holdings, ' ' Bermuda Holdings ' brand, as well as the Eurasian Department of agriculture, green cool, make up by private enterprises ', ' the topic is becoming more and more attention. , From international tax havens investment really is amazing. The latest statistics show that the Ministry of Commerce, 今年 1 到 September, BVI, Cayman, and Samoa with the second investment in China, eight, ten. BVI is behind only Hong Kong has been ranked second this year, 1 to 9 in China, in the actual investment reached 71 billion U.S. dollars. As in the international registration of offshore tax havens to hide shareholders in most companies, so no one knows exactly the number of Chinese background of the company. However, a clear trend, BVI, Cayman, Bermuda, the island was originally unnamed mainland enterprises is becoming the cradle of registered offshore companies, including Digital China (0861) and other famous enterprises.In the last two years, enterprises have also lent successfully listed on the outside.


Second, the policy swings outer tube. .


Private large number of ' hits ' is a blessing or a curse? "experts for this Exchange, national policies have also repeatedly change. By Mei Xinyu-led scholars to enterprises ' capital ' of the blind spot of regulatory, international tax havens might become national wealth loss of black holes. The Chinese Ministry of Commerce, completed last year and offshore financial centres on cross-border capital flows, which have given rise to the concern of the authorities and public opinion. In this concern, the October 2004 and early 2005, the National Development and Reform Commission issued the "Interim foreign investment project approval approach", provided by domestic investors and foreign-owned enterprises or institutions outside the investments project approval process; State Administration of Foreign Exchange issued a row, "M & Foreign Exchange on Improving the Issues" (No. 11) and "on Domestic Resident Offshore Investments of Individual registration and foreign exchange registration of foreign capital M & Issues" (29 text).File residing overseas investment provided directly or indirectly, control of foreign enterprises, should be approved by the outer tube.


The series 'targeted' measures, so that Mainland enterprises, and the operation of offshore companies registered overseas listing of activities almost stopped. However, on November 1 this year, the State Administration of Foreign Exchange issued 75 article abolished article 11 and 29, the regulation will go overseas investment as 'registration' rather than 'approved'. Is considering to BVI registered company Wang told reporters: 'Over the past year, private enterprises registered offshore companies public opinion and policy environment is not good. Article 75 allows us to see hope. 'However, this policy has been' black hole theory 'advocates questioned.And Mei Xinyu, scholar, Institute of Chinese Academy of finance, Director of financial development to the reporter said yixianrong, this phenomenon is not new to 1997 have many mainland companies offshore companies registered in Hong Kong. After the handover of Hong Kong enterprises Ltd a popular place to go to the other international tax havens. According to his study of this phenomenon on the national economy and will not be adversely affected. Wide and law firms are the largest law firms in Guangdong, one of the partners learn just told this newspaper that he opposed 'the loss of national wealth, the black hole' point of view, because 'businessmen are within the scope permitted by law, to seek maximization of the interests'. .


Third, the containment is not the proper remedy.


According to well-known research institutions in the mainland venture capital Beijing and Qing dynasties statistics, No. 11 after the enactment of the first quarter, foreign venture capital institutions in aggregate investment 165 million U.S. dollars, compared with Q4 2004, significantly decreased 43%, and also declined over the same period last year, 24%. Affected were Chinese stocks listed overseas, and Qing dynasties is expected to start the third quarter of this year, red-chip listing by comparing the number of SMEs will decrease over the same period last year, and this trend is likely to continue until the end of the year. Industry are cries of 'red-chip channel' has been closed, national regulatory accidental injury 'guy'. .


Yixianrong told reporters that enterprises registered in the international tax havens to facilitate transnational operations in the foreign market, and at the international level is very common, and there was no negative impact on the national economy. ' International tax havens we cannot, however, you can manage their own '. He believes that States should further strengthen foreign exchange flows into and out of control, in order to control the situation. At the same time, it should be gradually abolished preferential foreign-funded enterprises, foreign-owned, enterprises stand on the same starting line, contain such enterprises ' make up '. For some of the experts proposed by the enterprises ' capital of ' possible for corruption and embezzlement of State-owned assets. Yi Xianrong said the state should do is to fight corruption from the source, by blocking foreign enterprises within the registration is not the answer, if corruption and poor supervision at home can also whiten black money. .


Yixianrong: this phenomenon on the national economy and will not be adversely affected. Countries should do is to fight against corruption.


Mei Xinyu: domestic enterprises 'foreign investment of' there exists blind spots, international tax havens may be the loss of national wealth, the black hole. .


XI Kang: not in favour of the ' national wealth loss of black holes ' point of view, because the dealer is to the extent permitted by law, seek to maximize the benefits.


4 and went to the Virgin of the four hidden secrets. .


1, the difference in treatment of domestic and foreign.


Learning just said that because economic development zone around the establishment and enterprise smart tax strategies, within the current tax treatment of foreign investment has not much difference. Meanwhile, due to foreign tax benefits to only a few years, relative to the cost of their investment in China is only one kind of compensation, therefore, for normal commercial terms from established businesses, tax cuts are not particularly important significance. But the reporters found that smart companies well versed in 'curve' of the Road, from the foreign companies 'super-national treatment' to get a lot of interest. .


Fudan University Faculty Dr. Chengshi pointed out that private enterprises ' capital of ' its roots in the financial, taxation, financing, management and external environmental factors induced. In the foreign promotion of economic growth, foreign-funded enterprises in China enjoy preferential corporate income tax and limit the financing external debt management policies, and local government, the banking sector in finance, banking on preferential treatment. This will encourage enterprises to become a multinational company.


2, legal tax avoidance. .


It is understood that the international tax havens of the various types of international business companies, offshore corporations tax for minor, but almost all of them with the major economic powers signed double taxation treaties. Wide and law firm of learning has just pointed out that the Mainland enterprises to take advantage of international tax havens in the world. Mainland enterprises of offshore companies to invest if you want to come back, generally in the Mainland set up companies to normal business activities, these subsidiaries will have to pay taxes in accordance with the provisions of the Mainland. ' In the country the tax, as many companies pay ', ' foreign companies profitable cash abroad, are legitimate, countries should '. However, mainland companies trading shares using offshore companies can be tax-free. .


3. overseas financing easy.


Offshore company has been active in international markets. According to statistics, the Hong Kong stock market listed companies about Qicheng in Bermuda and the Cayman Islands, red chips, about 1 / 3 more than two registered. According to an operation in the mainland A-share listed who had disclosed domestic A-share listed on the company's qualification requirements were high, hard and fast rules and approval of people a headache. 'Now control the domestic market was too strict, the market is not good, so many companies prefer to overseas market'.While the Mainland enterprises if directly in the overseas going on the market, its ' to overseas stock exchange listing requirements, but also to comply with the relevant conditions of the China Securities Regulatory Commission, and the approval process is not transparent, it is difficult to determine the time, often consume a lot of energy, ' enterprises. The approval of private enterprises, more like an insurmountable hurdle. Not only the market for small and medium-sized enterprises, if there is no hard bank relations, it was almost impossible to loan. Registered in the BVI company, just not to the various registration fee $, then a few thousand dollars per year in maintenance costs, the future will be able to operate in the overseas listing.


4, post-venture channel. .


Venture capital is growing Mainland high private enterprises in particular high-tech enterprise development, an important source of funding. Beijing Bureau Chief Gavin NI, told reporters that last year the national venture capital amounted to $ 12.7 million, of which comes from foreign VC funding accounted for 75 per cent to 80 per cent, 21 involved venture overseas listing of cases.


Foreign venture capital on the Mainland now almost without exception, the operation mode to offshore funds, some of the more successful domestic venture capital also began to adopt a similar model. Venture capitalist funding high-growth private enterprises, the promotion of the corporate restructuring, that is, in BVI and other international tax havens registered holding company, then the holding company acquisitions within the real company's stock, in three to five years to complete holding companies listed abroad, so that foreign venture capital to 'get out'.' This is primarily intended to bypass the Mainland for foreign investment and trading of equity's approval, the overseas listing you can ensure that the venture will exit from the Mainland's stock market stock is not negotiable. ' One of Shenzhen's senior venture capital sources. Due to foreign venture capital injections of successful IPO of the company is already familiar to the people.


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Private foreign capital of discovered huge national wealth loss in black holes.


Despite the deliberately keeping a low profile, despite the "Name the first" far less than the U.S. Treasury Secretary John Snow and other internationally renowned financial officials, but in November the first visit to China early in the future of the British Virgin Islands Minister of Finance Hon. Ronnie kelton many private enterprises will certainly affect the sensitive nerve. .


It is understood that this Hon.Ronnie kelton to China, to call on business, financial, and other competent authorities of the home, but also the impact of policy formulation and visiting researchers, on China's relevant policies "fishing expedition" intentions very clear.


1, an area of 154 square kilometers of the West Indies, has been for several years after Hong Kong, Mainland China became the second largest source of foreign investment, developed countries than the United States and Europe. All together to the area after the capital to invest in China, has become an important economic pillar for the regional one. Domestic government officials, "they are very surprised that China has aroused their interest and attention." But this is only the ostensible reason for this visit take place. .


Second, more important, in recent years many domestic private enterprises from the British Virgin, international tax havens (also known as the "offshore centres") have a "foreign", fascinating "enterprise" when the acquisition of domestic enterprises. This triggered a domestic it as "a huge national wealth loss ' black hole '" accusations, national regulatory authorities conduct continuous policy specifications. However, domestic policy, foreign investment enterprise "sway" prospects are uncertain. Therefore, China's policies to "thoroughly", and then judge the impact on our own, we become Hon. Ronnie kelton the real reason for this trip. .


But many domestic enterprises, for the purposes of private enterprise "foreign" Government how qualitative and, ultimately, a clear policy undoubtedly have a significant impact on the vital interests.


Private enterprises have high quality assets of overseas transfers. .


"Now the domestic call sound enterprises, many still real Chinese private enterprises? they are basically has become a foreign-funded enterprises. "Accept the information daily law reporter, the China Chamber of international commerce arbitrator Ma Shaobo..


Cogency. In recent years, via the British Virgin Islands, the island set up shell companies international tax avoidance, then the assets of domestic enterprises into the shell company, and further to seek overseas listing, private enterprise seems to have become a trend. According to publicly reported so far this year, the domestic well-known private enterprises, have listed overseas. Without exception, all of the above-mentioned enterprises restructured into wholly foreign-owned enterprises, foreign sources are also the British Virgin Islands and other international tax havens. Last year, the former well-known private enterprises, has passed the environment outside the shell company after the success in the indirect market. .


This kind of private enterprise "foreign" campaign, which is owned by tax shelter island set up shell companies make up the foreign enterprises to achieve indirectly listed overseas for years history. "Most of which are private shareholders through the avoidance of tax on the island, I set up shell companies, financing the acquisition of privately-owned in my possession. "Ma Shaobo said," but have not been reported in the open market, but the asset transfers from private enterprises,. ”。.


The "success" is a private enterprise listed overseas, the "red chip channel", commonly called "red chips." Namely, Private shareholders own name in the British Virgin Islands, set up shell companies, then domestic equity or assets for injection; after the name of a company to apply for housing throughout the United States, Hong Kong, Singapore and other places overseas listing. More private companies are copying this "success." It is understood that the ongoing "foreign investment" of private enterprises, including hundreds of domestic high-quality private enterprises. .


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Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


Oceanwide aquires, Tuesday announced details of the source: News, release time: 2009-09-05 author: Peng Ling Wu Lin its.


"Chinese Academy of Sciences listed purchase 29% stake in Legend Holdings" track publicity is over, Asia Standard Group is the only intention of the transferee comply with the conditions, after the transaction will become the third-largest shareholder, Legend Holdings. .


Kenilworth (Peng-Wu Lin its) Academy of State-owned assets management co., Ltd. (NSC Holdings) in Banking Federation (ibfed) listing transfer Association holding 29 per cent stake in the public notice period ended yesterday. And before this rumor, Lu Zhiqiang led China Oceanwide holdings became the only eligible recipient of intention.


National Science Holdings spokesman Zhou Chuanzhong told reporters yesterday, now open except China Beijing Equity Exchange of information, the disclosure of no more information available. But next Tuesday (September 8) morning, Legend Holdings will hold a press conference in Beijing, Liu will include all associations, including both high-level system will be present, specific details will be made public. .


"Including Lenovo, Lenovo holding all the major executives of subsidiaries will be invited to attend. "Yesterday informed sources said," in addition to the disclosure of the Sea Group aquires holding details, LIU Chuanzhi also exposes Lenovo holding a new strategic plan, and releases some Lenovo Group of important messages. ”。.


Lenovo Holdings in 1984 invested 200,000 yuan by the Chinese Academy of Sciences to create. Legend Holdings in 2008 a consolidated turnover of up to 114.5 billion yuan, total assets of 65.2 billion yuan, owns Lenovo, Digital China, Legend Capital's five core subsidiaries. .


The national holding 7 August this year officially Lenovo holdings was 29 per cent equity transfer, quote 27.55 billion. After the Group took over the sea will become the third largest shareholder, Lenovo holdings, on behalf of the State assets of the national holdings continues to maintain a 36% share of the largest shareholder status.


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Associative and private investors in case of a "democratic State" cases Beijing Bisnis Li. ..


One is born in "China Silicon Valley" in Beijing's Zhongguancun high-tech enterprise, one is leaning against Shandong started doing real estate business. In the Song Hong opinion, for this reason enough to support 29% of Legend Holdings to sell stake to Asia Standard Group, if Liu and Legend Holdings is to be done this way Lenovo's international "very unwise." The two companies appear to have no intersection because of the capital came together. Through huge amounts of money invested, Asia Standard Group to become the third largest shareholder, Legend Holdings.In the capital market has staged the "steel merger, steel," "COFCO buying mengniu" and other "State into people's retreat" Opera, Oceanwide holdings and Lenovo holdings but Subversion this kind of "normal", staged a "retreat" of the democratic countries of the typical scene.


First, state funding is still the largest shareholder. .


Lenovo holdings and China Oceanwide Holdings Group yesterday officially announced that Lenovo shares listing period only one eligible recipient, Oceanwide holdings as Lenovo holdings's third largest shareholder, holding 29 per cent, the trading price of 27. .55 billion yuan, of all cash transactions.


Asia Standard group was not before, the National Science Holdings accounted for 65% of the shares of Legend Holdings, Lenovo holding 35% of ESOP Association. The share transfer, the National Science holding 36%, still the largest shareholder of Legend Holdings, Lenovo holding 35% of ESOP Association, Asia Standard Group's 29%. .


"Lenovo holding 29 per cent of the shares at less than 28 billion!" many people know this transaction amount after an exclamation. The price for the entire legend holdings should be 100 billion. However, only a Lenovo holdings subsidiary Lenovo Group present in the market value of $ 300 billion. Thus, "Lenovo holding assets are being questioned by the sale".


In this regard, the National Science Holdings general manager explained Tang Mai village, 27. .55 Billion price is the transfer of state assets in accordance with the provisions of the State, after a rigorous assessment process to determine the assets, not only by the individual pricing. Bargaining statements, pricing process is not the National Science Holdings and Legend Holdings to manipulation. .


The National Academy of Sciences holding is a "State-owned assets management co., Ltd". The company was founded in April 2002, by the Chinese Academy of Sciences on behalf of the State capital, is the State-owned company. Holding company of the industrial structure of high technology industries, Lenovo holdings has been founded in the early 20 million investment in the Chinese Academy of Sciences.


It is reported that large-scale high-tech industry to promote investment in enterprises and institutions sustained and healthy development, Chinese Academy of Sciences actively promote the hospital, the introduction of the investment enterprises, including capital, management, marketing, etc., good social resources, diversifying the stock to form a reasonable The corporate governance structure, and proposed to the hospital in 2010, the investment firms, the hospital, the stake to 35% below the goal of reform, has lasted 6 years. In this spirit, Legend Holdings options destined to change. Legend Holdings to sell stake, but the CAS will be its "corporate social equity plan" part. .


Yesterday, "the godfather", IT suggests holding CEO LIU Chuanzhi on expressing its profound gratitude to the national holding: "there is no Chinese Academy of Sciences, the Association of entrepreneurs who could not come this way, a few days ago, our President and to the road on the leadership of the Academy of Sciences, he has also repeatedly expressed to us, ' we still think the biggest shareholder, you have a difficult time, so we'll '. ”。.


2, Lenovo's "private enterprises" blueprint. .


Lenovo holdings is the parent company of Lenovo, Lenovo holdings under five sections, namely Hong Kong-listed Lenovo Group, digital China, as well as legend capital, Hony, from land. In 2001, the Association successful spin-off, Lenovo holdings in venture capital, equity investments and real estate, areas to explore, and accumulated rich experience. Since 2004, LIU Chuanzhi will work in legend capital, Hony, from land development and market aspects.


Many people will have such confusion: "Lenovo is not a private enterprise in the end?" Private enterprise to define the broad sense, non-state-owned enterprises are private enterprises. Lenovo Group Lenovo Holdings ESOP will account for 35% of the shares, so this vision, the Legend Holdings is a private enterprise. National Federation of the list tell us, Legend Holdings is a private enterprise. Legend Holdings reelection scale private enterprises for ten years running champion. However, the Chinese Academy of Sciences of the State capital background, so that Legend Holdings is difficult and "private enterprise" words together. .


"At the international level, many customers may think that Lenovo holdings is a State-controlled companies. "Ma said," I remember IBM Lenovo holding merger.


PC Soon, we in the U.S. State Department has a large single, and later the United States, a Member said Legend Holdings is a Chinese state-controlled companies, the results of this single abolished. . ".


LIU Chuanzhi emphasized: "the Sea joined later, more capable of justifying from co. is a private Association of enterprises, I believe that from this perspective, the lenovo ' brand ' international aspects of business. ”。.


Legend Holdings and Asia Standard Group and certain categories in the real estate investment projects on collaboration. Asia Standard Group in the introduction, the association will be holding a series of new business end of the year there. Analysys International chief operating officer Bin Yang believes that this diversification strategy is Legend Holdings chess. Legend Holdings have been taking a wide range of development path, the introduction of Asia Standard Group will make its diversified ownership structure, which receive some of their resources to help the industry, "such as Asia Standard Group in real estate, finance, energy and investment have advantage, which is expected to allow access to these industry associations holding the resources. " .


Oceanwide coal chemical industry group in terms of experience. Lenovo holding Executive Vice President, said Wu also soldiers of clean energy or energy clean power is Lenovo holding important investment direction, coal chemical industry is also a Lenovo holdings concerned about the direction this direction must cooperate with the sea, but not limited to this area. There are media reports over the next five years Lenovo holdings will invest $ 10 billion in clean energy, new materials, etc..


In addition, Lenovo will not only make PC business. Chen Shaopeng, senior vice president of Lenovo Group, said, "Now go try a new business." Lenovo Group is bullish on three areas: mobile Internet, digital home, and cloud computing. .


While listing for Lenovo holdings, LIU Chuanzhi, first through subsidiaries, holding companies listed on the back-to-market approach to overall market place of listing will choose in Hong Kong. However, if a stock market on the mechanism of change, the company offers more space.


Third, private property "big shots" to enter the industry? . .


4 September is Lenovo holding 29 per cent equity trading on the last day, but the sea is the only group of its recipient. From the beginning of August the standard in respect of the tender is not difficult to see that the national holding looking for the "buyer" is the functional group.


CAS requirements, the transferee paid registered capital of not less than 40 million, 2008 total assets of not less than 35 billion yuan, net assets of not less than 10 billion yuan, nearly three-year average net profit to more than 800 million yuan, the main business operations should include finance, energy and real estate in three areas, in the three areas of direct investment is not less than 20 billion yuan, and there must be at least one area controlled listed companies. The Asia Standard Group fully meet these requirements: registered capital of 4.1 billion, the main industry also happens to be the financial, energy and real estate in 2006 in the A share market. .


In addition, the critic also revealed that he and the sea have long Lu Zhiqiang, Chairman, and is known for many years, friends, so Lenovo holdings and Oceanwide holdings "hand" is not accidental, it is not a paper selling bulletin explains.


So, Asia Standard Group eyeing Legend Holdings any "advantage" mean? . .


Oceanwide Group Chairman and CEO, Lu said: "Lenovo holdings has a good reputation and a strong and excellent management team, our long-term optimistic about the future development of Lenovo holdings. I believe that this strategic collaboration will give the parties to bring new value for the enterprise to provide a more robust growth, vitality, and for China's economy in the global economy, a new round of competition and cooperation in the realization of new development and rising to a power. ”。.


Chinese Academy of Social Sciences Institute of World Economics and Politics International Trade Research Office of the Song Hong, a successful technology stake in China's most well-known investment group, follow-up of a chain reaction is self-evident. Song Hong same time, in recent years, the real estate industry's huge profits is obvious to all, rich and powerful real estate business very much. This phenomenon is also to many domestic manufacturers deviate from the main business, have put the real estate industry, "this is not a good thing" and hinder the development of China's manufacturing industry, also shows there are problems with Chinese manufacturing. .


After the advent of the "financial crisis, China's manufacturing enterprises are faced with many difficulties, if similar to Oceanwide holdings that have large amounts of capital real estate complex the capital investment and domestic manufacturing, not only to resolve the financial difficulties of manufacturing enterprises, and help their profits and capital flows like Lenovo holding such a high-tech enterprise, also helps the entire manufacturing sector of upgrading and restructuring, trade skills will also be improved. Songhong stressed. "


Song Hong believes that the uncertainty in the property market, the domestic part of the integrated real estate company has a large number of idle funds, these companies can be as much as Asia Standard Group's investment in the field. He believes that Asia Standard Group's stake in Legend Holdings wiser. .


4. Lenovo holdings "of the democratic State" is a case-by-case basis.


Legend Holdings and Asia Standard Group, the "marriage" has aroused general concern in the industry. .


Jishizixun General Manager LIU Chuanzhi Quxiaodong strongly agree, in his view, this stock transfer beneficial to Lenovo in overseas brand image. The national holdings of Lenovo holding 29 per cent equity transfer to the private sector, Oceanwide holdings will decrease by State-owned shares in the proportion of Lenovo holdings, its subsidiaries, Lenovo Group, the proportion of State-owned shares will also be reduced.


"Lenovo Group in some overseas bidding, sometimes that's close ties with the Chinese Government, the state-owned shares will decrease the proportion of it affected less.", Said Xiaodong Song. .


However, it seems, is for this reason songhong is insufficient to support Lenovo holdings sold 29 per cent stake to Oceanwide holdings, critic and Lenovo holdings is trying to complete Association of internationalization "unwise".


"Whether it is China's private enterprises and state owned enterprises in overseas acquisitions, find order and so there will be a similar embarrassing situation, in many cases private enterprises would be foreign customers, partners considered the background of state-owned assets, while the loss of many opportunities. Therefore, even if Lenovo Holding full privatization, this embarrassing situation will not be solved temporarily. "Song Hong said," simply put by the state-owned enterprises into private enterprises as meaningless, not to prevent the internationalization of 'nationalization' can be solved . ". .


Flying elephant CEO Xiangligang also said that in the national capital Act, "many countries into people's retreat" background, Lenovo holdings to introduce private capital is just a corporate behavior, adjust the current capital market trend or the dominance of State-owned assets. "However, Lenovo holdings shareholder CAs on too much, even though the introduction of private capital, it still gives the management idea of State-owned enterprises. "Xiangligang stressed.


In addition, experts also believe that this round of adjustment is indeed beneficial to the state-owned enterprises and government investment are concentrated, so there were many in the industry, "the people back into the country" sound. But in fact, private capital and foreign investment in the capital market is very active, but are state-owned assets are covered up. However, the major adjustment of the market is still dominated by the state-owned assets. .


State Committee of Deputy Secretary General Ms Helen had indicated that the top ten industrial adjustment and revitalization plan, important content is the corporate merger and reorganization of spontaneous. At present, in some sectors, such as iron and steel, nonferrous metals, and so have had to adjust. In more areas relative to private enterprises, the State-owned enterprises for better development conditions, private enterprise is because of its relatively small size, financial strength is smaller and enter these industries may be relatively little difficulty.


5, Asia Standard stake in Lenovo has four major focus of the problem, Legend Holdings is reasonable valuation of 10 billion? . .


Some analysts noted that associated with holding the Lenovo Group's current market value of more than 300 billion yuan, Lenovo holdings account for 40% of the shares, thus means that Lenovo holding at least 120 million in assets, why USD1 billion?.


Liu said the chairman of Legend Holdings, Lenovo can not be assessed in accordance with market value of the holding: "Because the market ups and downs of change has been great the past two years, Lenovo's share price has been low, too high, so I assess the firm failed to market value as a pricing standard. "China Asia Standard Holdings Group Chairman Lu Zhiqiang said:" The value is fair, Asia Standard is approved. ". .


VI. transfer of the national holdings of shares earned money?.


Chinese Academy of Sciences of the National Science Holdings to sell shares of Asia Standard Group 27. .55 Billion, such a huge sum of money to how to use it? Deputy Secretary-General, Chinese Academy of Sciences, the National Science Holdings vice chairman and general manager of Tang Mai Village, said the Asia Standard Group, controlling stake in Lenovo, all cash transaction. 2001 Chinese Academy of Sciences of the State Council asset management system reform program approval, the "first major transformation for the transfer of scientific and technological achievements, new high-tech enterprise incubation, and the second is for the CAS high-tech talents." .


VII. how Lenovo holdings when and where to?.


Lenovo Holdings has said that after the introduction of the capital of Asia Standard Group is listed on the first goal, and now Asia Standard Capital has entered, then the Lenovo Holdings will be when listing? Where listed? How to market? . .


LIU Chuanzhi, Lenovo holdings listed is banshangdingding, definitely not vague. "This is mainly due to the listing you can raise more funds, allowing us to better operate and on our management team have more direct long-term incentive effects. ”。.


Liu said that Legend Holdings is a subsidiary of the listed order must first be listed, and the very growth of these subsidiaries, and is listed Legend Holdings. But he also said: "According to the provisions of the CSRC in China may not allow the parent, subsidiaries also listed, Hong Kong's stock market can be provided, but I very much hope that China's policy in recent years changed, so that we can have a more comfortable choice. "This language may mean that Lenovo Holdings will be the primary objective to seek listing in Hong Kong. .


Eighth, who took over the leadership of Lenovo holdings replaced Ma?, Chairman of the Board.


Liu has repeatedly emphasized that he served as chairman of Legend Holdings is a "stand a good last one post," Does this mean that Liu has delineated the successor it? The five-member board of directors of Legend Holdings Zhu Linan only the youngest. Does this mean that Zhu Linan Legend Holdings is the future head of the people? . .


Critic, said that as Chairman of the Board of legend holdings is an interval. "We have established a programme, in what circumstances I continued to serve as Chairman of the Board, in what circumstances I leave. Although it is not possible to determine the future successor who on Earth, but this person standard, I can say. "People emphasized this critic to agree that Lenovo values agree with Lenovo's methodology. This means that this person should have a sense of social responsibility, should have a strong motivation, vision and lofty, and enterprising. At the same time, the business must be good at learning. "We are never done in the cause, the only way to lead people to think." Liu stressed. (Securities Star edited). .


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Lu Zhiqiang Liu and 2.7 billion between the "scandal association." .


2009-09-14 12: 41 source: buiness reporter, Li Yu.


Lu Zhiqiang Liu sent the position of chairman of Legend Holdings, he himself was an important pivot in the capital layout. "In the acquaintance and mutual trust, based on love at first sight." Sept. 8, the face of journalists, China Asia Standard Group Holdings Chairman and CEO, said Lu Zhiqiang, the description for Liu sitting next to him laughed. "Love at first sight that this point was listening to a bit that what talking about when this matter is certainly hit it off, not even any repeated consultations, no." Liu rapid response is given. .


Use cash from 27.55 billion on behalf of the State-owned assets in the hands of the Chinese Academy of Sciences of the assignee Lenovo holding 29 per cent stake, Lu Zhiqiang have effective sale. 8 September, in the arena with Lenovo holdings for the news conference, claiming to be "fresh from the field back to Beijing, tired and the vagaries of the weather, even the words are difficult to" Lu Zhiqiang apart from necessary to speak, it's been sitting in Wanda Sofitel Grand Ballroom is the first row of the Central, from 9 a.m. to 12 noon, he never left.


2.755 billion to buy what? According to the disclosure of Legend Holdings, Lenovo Holdings currently involved IT, investment, real estate three major sectors, subordinate Lenovo (HK0992) Digital China (HK0861) 2 billion market capitalization of listed companies in Hong Kong and Legend Capital, Hony Capital Investment Company 2 and the planned official visit in 2010, shares of real estate company A Raycom. .


Among them, Lenovo, Lenovo holding approximately 40 per cent of the shares, holders of digital 16.23 per cent of the shares. Legend capital currently fund management scale over 6.5 billion, 2008 the company turnover totals 32.67 billion (approximately $ 22 billion RMB). Focus on mergers and acquisitions in the business of Hony the current total size has exceeded 200 billion yuan, the social security fund is the main sponsor. Inclusive science consulting, although relatively late, but now also has 300 million square meters of land and commercial real estate.


Legend Holdings is also the day after the announcement of equity restructuring of new board members, from Liu, Mai-Cun Deng, Lu Zhiqiang, Mao had Korean, Zhu Linan five-member, Liu as the new chairman of the board. .


"This is also in the development of China Oceanwide a landmark event. "That day, the deep, dark suit and tie Lu Zhiqiang, even at the scene of all sea staff, must attend the dark suit.


After buying what? "The most important of all, I'd go Lenovo holding future." Said Lu Zhiqiang, "China Asia Standard and Legend Holdings in real estate, energy and other operational aspects of coincidence, in the future in many ways to start cooperation." This is not the words of Liu seek the cooperation."The sea enters the Association's main objective is to support the Association in accordance with their own original strategic direction, but in this development strategies, there are a number of projects and the sea is cooperation, such as real estate projects, for example, some categories of investment projects, when these specific problems arise, we will follow the way to the sea with the management of the joint action. "Ma says. "In fact, the investment is the most important Lu Zhiqiang. "Coincidentally, Asia Standard in China to meet the third-largest shareholders of the company, while Lenovo holding a major adjustment in strategy, that is, investment in the existing association on the basis of Hony Capital, launched by the executive vice president of Legend Holdings Yibing Wu led direct investment, to create investment fleet, "direct investment business in the next five years plans to invest about 10 billion of funds," Yibing Wu said. According to him, Legend Holdings's direct investment business will focus on clean energy and environmental protection, new materials, high-tech, financial services and related industries and domestic investment opportunities in five areas.Wu also soldiers did not deny that, in the new energy investment, and Lu Zhiqiang cooperation possible. "This should be good truly Lu Zhiqiang. ”。.


Asia Standard Department's strategic transformation? In the September 8 statement, Lu Zhiqiang clearly, in accordance with the long-term development strategy in China Asia Standard, the company will have plans in real estate, financial, energy objectives on the basis of three major industries, with three to five years, By expanding the strategic investment, the investment structure and asset structure of the Group strategic adjustments. Lu did not disclose the direction of strategic adjustment, but he acknowledged that the deal, China Asia Standard has symbolic significance.Although still lead the "Lo Ke sea lines" hacked, but, this time to enter the Lenovo holdings and Lenovo holdings on the adjustment of the strategy is to enter the investment industry. "On the one hand, investment more small and medium-sized enterprises can continue to rapidly growing Department of the ' sea ' own scale; on the other hand, for Lu, Liu, their qualifications and experience have been able to do more. ”。.


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Lenovo 2.9 million by selling stock to create the largest decline in January 2009-09-10 13: 09: 08.


Lenovo Holdings has just introduced its third-largest shareholder of Asia Standard becoming the occasion, a subsidiary of Lenovo Group Lenovo Holdings has experienced foreign investors to sell. .


Lenovo has ushered in a new group of shareholders, the sea will encounter three institutions in Hong Kong cheap sell Lenovo stock 2.915 million. The Lenovo stock fell 9 percent, and the closing report 5.7 3.45, almost one month to the largest decline.


A transaction documents, TPG, General Atlantic and Newbridge Capital to 3.55 Hong Kong dollars per share, had sold 291.5 million shares of Lenovo stock, cash of about 1.03 billion Hong Kong dollars (about 133 million U.S. dollars). .


In 2005, TPG, General Atlantic and new bridge capital finance 3.5 billion, to $ 2.725 per share purchase price of preferred shares and legend can be converted to ordinary shares of the warrants. Two years later, the three companies to HK $ 8.16 per share price of about 3.5 million Lenovo stock.


Daiwa Securities SMBC analyst Joseph Ho (Joseph Ho) expressed, "These acquisitions fund cash is normal behavior, but does not mean that Lenovo has been no increase in the stock room." He has to think the stock rated "outstanding performance." .


Organizations selling Lenovo stock, there is no too many rating agencies on this comment. But in September 1, Goldman Sachs report reaffirms the Lenovo Group are sure buy rating.


Lenovo's second-quarter results this year, its second-quarter loss of 16 million U.S. dollars, while last year it realized profits of 110.5 million U.S. dollars. Second quarter sales fell 18% to 3.46 billion U.S. dollars. .


For institutional holdings and share prices, Lenovo has also had positive responses. September 10, Lenovo stock opening report 3.52-11: 51 am, the stock rose to $ 3.54 2.61%.


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Private fund TPG selling Lenovo shares for approximately $ 70 million cash.


Study: Wang Kexin Source: TechWeb. com. cn date: 2010.02.24 10:27. .


24 February news, Reuters Tuesday quote sales documents show that Lenovo Group shareholders u.s. private equity firms TPG is working as a 5.35 per share price of HK $ 5.45 1.008 million shares priced at a Lenovo Lenovo Tuesday closing price HK $ 5.49 0.7 to slight discount 2.6 per cent, amounting to approximately $ 70 million in cash.


Information, Lenovo Group in May 2005 to 1.75 billion U.S. dollars for the acquisition of IBM notebook computer business of 350 million U.S. dollars issued convertible preferred stock, TPG was subscribed 200 million U.S. dollars. The convertible preferred stock of the transfer price of only 2.725 Hong Kong dollars per share (converted to 10 million shares of Lenovo Group common stock). .


This placement is TPG following 07 November and last September, the third placing Lenovo shares. Last September, TPG and two other Fund shareholders General Atlantic and new bridge capital Asia, placing 2.91 million, up 10.4 shezi. Prior to that, the shareholders ' General Atlantic stock of approximately 40 million shares cashed in Lenovo Group. Lenovo stock today disc significantly, or affected by foreign shareholders more stock rumors..


Daiwa Securities said the association maintained outperform rating, target price of 5.95 Hong Kong dollars, according to the corresponding results for 2011 expected price-earnings ratio of 25 times. Daiwa Securities believes that the consortium in the past five years, step by step reduction of the Lenovo Group shares, this round of reduction was not surprised markets. .


Oceanwide aquires holdings, 10 billion loss of State assets.


End of the World Economic Forum Community of Barrons blog http://blog. . Sina. . Com. .cn / barrons original financial analysis and comment. .


Submitted date: 2009-09-13 17: 06: 00 visit to reply 11 778.


Asia Standard to 27. .55 100 million yuan to buy a controlling 29% stake in Lenovo. The deal was earlier discussed in private has been good, there is no competition, no suspense, just take a month off site. .


Lenovo holdings should be worth? because not listed, it is difficult to know. However, Lenovo holding 42. .3 percent of Lenovo stock and .23 per cent 16. digital stock. Lenovo is currently the market value of $ 329 million, equivalent to 290 billion RMB, 42 per cent of the shares in .3. is approximately 122 billion RMB. Digital current market value of $ 65. .5 billion, equivalent to 57. .67 billion RMB, .23 per cent 16. shares was approximately 9. .36 billion RMB. The two listed companies stock value 131. .78 billion RMB. Therefore, Legend Holdings shares held alone, is worth at least 13.1 billion yuan on the 29% stake worth at least 38. .21 Billion yuan. This is higher than the selling price at least 1 billion yuan. Moreover, there is Legend Holdings Hong Yi Investment, Legend Capital, home to companies such as Raycom. Could it be that these companies together, the value is negative? If in the future listing of Legend Holdings, which spread to far more than one billion of the. .


So, buy Lenovo holdings, the sea at least earn 10 million or more. This is the loss of State-owned assets. While the old willow is more than 10 billion for the State-owned assets in exchange for the support of the Pan, China shipping group and thereby gain complete control over the Lenovo holdings. Since then, the Lenovo holdings is no longer the Chinese Academy of Sciences of the company, but rather old willow family business. In this transaction, old willow is the big winner, Pan sea group is the second winner, only CAs is to buy them. However, the "State" no one really had, of course, no one seems to care. This investment, Buffett do not. This is not the value of investment, but an exchange of interests at the expense of state-owned assets for personal gain. .


Comments: author: Shaw, reply date 2009-09-13, 17: 09: 29 associate itself problematic, similar, there are ....


Study: makrhero Reply Date 2009-09-13,17:14:55 present socio-economic, that's not sound that sacrifice is too ambitious ... ... ... .... .


Author: Barrons reply date 2009-09-13, 17: 21: 00.


As the End of the World with Lenovo's investment, if not convenient please feel free to delete the Citie. I have it. Please forgive the inconvenience. .


Author: Barrons reply date 2009-09-13 17: 25: 17.


Perhaps the old Liu is the use of the plight of Lenovo Group Lenovo Holdings to pressure Chinese Academy of Sciences to sell the shares, so as to achieve personal objectives. Legend Holdings shares in Asia Standard on the same day, TPG sold 1 billion Hong Kong dollars Lenovo stock. Who will then offer? Perhaps that is the CAS, with Legend Holdings is to sell the money obtained. .


Author: Barrons reply date 2009-09-14 17: 33: 28.


Not Yih, Finance Branch, Legend Capital, Legend Holdings in the hands of the stock on the value of 13.1 billion yuan. Even if all changed hands, up to 5-10% discount. If Dell, Lenovo to sell (not not considered), and even much higher than the current share price. 1 billion of state assets or the most conservative estimate. Hong Yi, Finance Division, Lenovo's valuation of real investment to zero it? Why there is no competitive bidding, weigh various factors to find the highest bidder? The sake of discussion. You said it is not the loss of state assets? . .


Nguyen comments: Yu-hui should allow it to pay 10 billion * 25% = 2.5 billion in corporate income tax * 5 times = 12.5 million fine.


Holdings of 9.8% Digital China Management into the largest shareholder 2010.05.19 20:02 Netease technology Wangjie Cong. .


NetEase tech news on May 19 in the evening news, the Hong Kong Stock Exchange announcements just disclosure, Lenovo holdings under IT distribution IT consolidation services enterprise digital company's equity. By Kuo-oriented management holdings offshore companies KIL, 10.5 HK prices Lenovo holdings overseas Ltd, a wholly-owned subsidiary of naming 9.8% stake acquired, KIL has also become a digital first major shareholder. Digital China, this transaction has been completed and approval. Lenovo holdings in digital share will be reduced to 5.52%. The KIL's stake increased from 8.76% to 18.56%. Announcement shows the company will KIL Ming sell 100 million shares, a price of 10.5 Hong Kong dollars per share, compared to today's closing price of 10.68 Hong Kong dollars, will be a discount of approximately 2%. Digital closed down 3.26% today, the Hong Kong dollar 10.68 per share. .


Digital China management holdings 9.8% source: NetEase Tech News 2010.05.19 19: 32-Peng.


SAN FRANCISCO May 19, according to HKEx data, Digital China will increase its 100 million shares of the management of the company's shares, or about the date of this announcement, the Company has share capital of 9.8% in hair. The average price of 10.5 Hong Kong dollars per share, the management of its equity holdings from 8.76% to 18.56% increase in the purchase price of 105,000 million Hong Kong dollars. .


Digital China management holdings, Lenovo holding 10 billion transfer 10 per cent stake in 2010-5-25 Sina Tech News 14: 33.


May 19 evening news, according to the Hong Kong Stock Exchange announcement revealed that Digital China Holdings Limited significant changes in ownership structure. Guo Wei as a major shareholder in an overseas company, KIL, will buy 1.05 billion Hong Kong dollars overseas wholly owned subsidiary of Legend Holdings Inc. Lane Limited (RLL) in Digital China in 9.80% of the shares held. Digital China, said the deal had been completed the relevant approval. The transaction is completed, Lenovo Holdings Limited Digital China still retained 5.52% of the shares in proportion. .


Digital China President holdings 1 million as the largest shareholder 2010.05.20 Sina financial 11: 00.


Sina Financial News May 20 News, Digital China is reported 11.18 Hong Kong dollar rose 4.68 percent. The company reported 10.5 per share Guo Wei, Chairman of the Hong Kong dollar, the other shareholders to acquire 100 million shares Lane Limited number of shares of God, involving 1.05 billion Hong Kong dollars capital, so that shareholding increased to 18.56%, as Digital China's largest shareholder. Transaction, the holdings of the Southern Ming fell to 4.05%. .


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Lenovo suspected of evading taxes and loss of state assets. .


Lenovo Group high-priced call Lenovo mobile 2009-12-20 16: 00 news blog.


After selling 100 million U.S. dollars to 200 million U.S. dollars to buy back; former executives cash in 60 million U.S. dollars Yu Bing. .


Kenilworth (Peng-Wu) to 1 billion sale of Lenovo mobile 22 months after the announcement yesterday, Lenovo Group, to the price of us $ 200 million from the new El company, Hong-Yi investment investor Department purchase Lenovo mobile communications technology co., Ltd. 100% ownership. Acquisitions in the cash price 1.54 million cover the remaining 4600 million will be issued per share $ 4.407 8089 million shares at the price of share-based payment. Buying a selling a doubling of the valuation.


Lenovo Group yesterday issued a notice displayed in Hong Kong after the shares of Lenovo Mobile constitute a new step for the company's 20% stake in Shenzhen Investment 30%, Jade Ahead 40%, Super Pioneer 10%. The deal will pay the company 40 million U.S. dollars of new step, of which 24 million U.S. dollars in cash, the remaining 16 million U.S. dollars to 28.14 million shares to pay; will invest all the cash to pay 60 million U.S. dollars in Shenzhen; will be 50 million U.S. dollars in cash, 52.76 million shares to pay Jade Ahead (Hony Capital wholly owned). .


January 31, 2008, Lenovo Group announced the sale of Lenovo Mobile 1 billion. 22 months, Lenovo also announced a $ 200 price buy Lenovo mobile. Buying a selling a, Lenovo mobile valuations between double its investment in people and therefore profitability.


Lenovo Group yesterday announced the disclosure, the new step the company by the president of Lenovo Mobile Lenovo Mobile Lu Yan and the other management control in 2008 to 16 million U.S. dollars in price, from two wholly-owned subsidiary of Hony Capital and David long Jade Ahead enterprise in the hands buy 20% stake in Lenovo Mobile. Hony Capital is the parent company of Lenovo Group Lenovo Holdings owned 45% of the private equity firm, it sold Lenovo Lenovo moves to take over 60% of the shares. .


From this acquisition transactions, new Al the 20 per cent of the equity value becomes 4000 million. Thus, the management team at lvyan more than one year, the profit of $ 2400.


In this transaction, the Shenzhen Investment controller Lenovo has served as senior vice president of Mr. Yu also cash in 60 million U.S. dollars. YU Bing-controlled "Shenzhen Investment" hold 30% stake in Lenovo Mobile, Lenovo Group to pay all of its current cash. Step with the new firms, Lenovo did not disclose investments in Shenzhen when and at what price to buy stake in Lenovo Mobile. .


Refocus on mobile terminals.


Lenovo CEO Yang last night, said in a telephone conference, 22 months after the "repo" Lenovo Mobile Lenovo Mobile Internet Device market, long-term concern after the decision. Lenovo Group will be the next move to strengthen and expand the PC market lead while actively around the mobile Internet strategy and new business incubation and business. .


2008 April 16, stripped out Lenovo Group of Lenovo mobile in Xiamen declared that "new start", then the Lenovo holdings CEO LIU Chuanzhi, after completing the equity transfer, Lenovo PC can focus on your core business, while Lenovo mobile can focus on mobile product design and development, production and sales, and hope that Lenovo mobile future can separate listing ".


"At that time mobile phone business by the cottage of the impact." Yang said, "the management to consider improving the performance and focus on more core PC business, the next step is not considered a priority. And now we need to lay a solid foundation for further development This is related to the company's life and death matter. ". .


Lenovo had split Lenovo mobile handset business year brought 3000 million loss. Today the "regression", Lenovo mobile had deficits. Lenovo announcements yesterday showed that as at June 30, 2009 6 months, Lenovo mobile unaudited net profit before tax, the net assets of $ 3999 3.08 million, net of working capital to 1.5 billion yuan, the book also has $ 50 million in operating funding.


Lu Yan, president of Lenovo Mobile said yesterday that China will soon launch for the mobile Internet strategy based on end-products, before the Fang Jian rumors "Lenovo Taobao customized mobile phones for the" very soon the market will go. In addition, Yang said, in addition to administrative, financial and other "back", the Lenovo mobile and Lu Yan future business operations will remain independent of the Lenovo Group. .


Lenovo's Yu Bing, who also Zhang Hui?-party gift Yong blog 2010-05-12 13: 24: 42.


According to information recently obtained, the former senior vice president of Lenovo Yubing Cheng set up a company called "Teng Chong Technology (Beijing) Co., Ltd.," chairman Yu Bing, Zhang Hui as President. This is a combination of online and offline phasor new computer sales company, will build networks in the Internet Mall, combined with the various communities across the country line computer sales Online Shop, for sale. Teng Chong sales Online Shop injection technology for community unified brand, culture, management and IT systems, by local staff to join or co-shop. .


China, Lenovo's channel policy has been acclaimed as the core of which is "great" but big, Lenovo, Lenovo's boss who is soldiers Yu. I am very honoured to Yu Bing, Yang five in the second place.


Mr. Yu is the soul of Lenovo channels, resourceful, Appreciating use, and students everywhere to train cadres to become China's PC industry's Whampoa Military Academy, Army almost every PC manufacturer has a head of his men, Chen Shaopeng, Lenovo, Xia Li naturally goes without saying that his men, Wang Gang, Blue Ye, Regular Variation, etc. of hundreds. Intensive cultivation of the martial arts association who will learn, but the soul which is not easy to grasp. .


Ms Nguyen Huy comment: Lenovo in money-laundering, should be investigated Yu Bing and personal income tax lvyan.


1, Yu Bing, where what is received 24 million U.S. dollars to set up a "Shenzhen investment" Lenovo Mobile to buy 30% stake (allegedly huge property from unidentified sources) should be allowed to pay personal income tax 73,423,725 yuan (24 million U.S. dollars * 6.8 = exchange rate 163.2 million yuan, calculated using personal income tax software, net of RMB2000 yuan and the "Four Golden" post) * times = fine 367,118,625 yuan. .


2. What is lvyan where $ 1600 was founded the "new company" buy Lenovo Mayer moved 20% (large possessions) should allow it to be subject to personal income tax 48943725 Yuan (1600 million * exchange rate 6.8 = 10880 million Yuan, the use of personal income tax software to calculate deductions, and the "four RMB2000 element gold") * five times = fine 244718625 Yuan.


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Large corporations tax transfer pricing resulted in relatively low source: China tax news.


China Tax News reported: Chengdu, Sichuan Province, the IRS and the IRS has a low tax burden on business enterprises in Chengdu, Anatomical analysis showed that large enterprise groups in associated enterprises resulting in the transfer pricing related to corporate tax rates low is a prominent problem. .


The IRS Department of Chengdu city in January 2006, and July, sales in more than 5000 Yuan, the tax burden in 1% of the more than 300 families a business major collection indicators analysis of representative samples. Large enterprise groups in Chengdu, and computer communications equipment distribution industries corporation tax burden low, causing the city's entire business tax burden on the low side.


Tax department survey of the collection and management indicators, including business taxable sales amount of tax, the actual storage of tax payable tax rates, tax rates and other indicators storage tax. Investigation to verify, large enterprise groups in Chengdu branch of the business model in general the performance of the Group headquarters in supply, uniform pricing or a subsidiary prior approval based on the general headquarters of about 1% to 2.5% of the gross profit margin into the sale price to determine. As the Group's pricing factors, sales in value-added is significantly less Chengdu is a major factor causing the low tax burden. .


Lenovo (Chengdu) co., Ltd., have achieved a larger sales and tax amounts are relatively low. 2006. July, Lenovo (Chengdu) co., Ltd., the accumulated tax on sales of $ 14.42, taxable Golden 36.63 million tax burden is 0. .025 per cent of taxable sales and taxable Golden contrast between the two indexes..


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Lenovo's acquisition of the glass.


Source: Securities Market Weekly, Zhao Yanling, Chen Ye, editor, Ran Xiaoning. .


Privatization of State-owned assets, has always been the tip of the iceberg of restlessness. In the present form of State-owned property reform and path and in the context of the dispute, the legend moves never calm.


Reputation outside of the association, eyeing the state-owned assets, Jiangsu Province. From the start due diligence, to associate the door opened to state-owned assets, to be listed overseas, only a year and a half before. This lightning behind the takeover battle, is the acquirer winding path, before the arrival of rush in the policy barriers, force back up to Huarong and other strong shareholder letter, the wisdom of clearing the obstacle to the exhibition. .


24 September 2005, Nanjing, Lenovo fifth young – Hong-Yi investment consulting co., Ltd. (hereinafter referred to as Hony) President Zhao Huan made a pile of acquisition of contexts and in less than 200 kilometres from their far Suqian city, he has just completed the acquisition of a work are distributed in the spirit of the Lenovo Group. This work was in June of this year's listing in Hong Kong China glass (3300.HK), and the birth of Chinese glass, Lenovo founder critic begins from the businessman to the transformation of the role of the capitalists. China glass is Hony owned assets. Xinjiang Delong, Guangdong Kelon collapse one after another, state-owned enterprises in the form of property rights reform and the path has the context of dispute settlement, Lenovo's move doomed to calm. At this time, Chinese glass workers to "Stock Market Week" to reflect: Legend of the family business to start a series of acquisitions, the possible loss of state assets is suspect. In the "Stock Market Week," the subsequent investigation, that is funny, the capital of a story: a group of elite investors, has designed a seamless investment program, using Hong Kong, Mainland Resources, will move to Hong Kong-listed mainland asset financing.In order to facilitate operations, tax havens in the British Virgin Islands, Bermuda is not without tools. And State assets in the story is a win-lose, pending the results of the test of time.


Second, successful smile. .


An investment sources told the securities markets weekly: tale of the acquisition of Chinese glass was wonderful and rapid, and Hony's and Zhao Huan background about enable. For Hony, outsiders always only be heard, not people. And Hony similarly rich mystery has been deliberately avoid acting on orders of Zhao Huan.


It is said that Liu Zhao won the favor of Northwestern University's Kellogg School MBA graduate, entered the USROBOTICS company, to 9 billion U.S. dollars in 1997 the company sold to 3COM Corporation, then in the Wall Street business. Lenovo Group in 2002 was invited to serve as consultants, in 2003, formally joined the association. In the same year in December, Bank of China Group Investment Limited Legend Holdings to sell a package of bad assets, book value of roughly 7 billion. Six months later, Legend Hony Capital Holding set up quickly. .


Zhao Huan overseas that have accumulated abundant investment experience, but he prefers to focus on Chinese enterprises, especially the critic invited him to join the Association, he has no hesitation: Lenovo China early rare state-owned enterprises, one of the winners, and manage sophisticated international leader. From restructuring – development – the way of internationalization, experienced there that wealth. These things on the reform of State-owned enterprises should be of great help to us, we feel that Lenovo in SOE reform can play a greater role.


It is understood that the operation of Hony Capital Fund, a fund similar to the international acquisitions (Buyout Fund) and the international popularity of the acquisition of funds, its goal is to mature enterprises and their control. However, acquisition of funds and the international development of the deep, Harbin Pharmaceutical Group, and acquired the long-running tug of war than the glass before and after the Chinese Hony Capital acquired more than a year only. .


Shortly thereafter, glass for 23 June 2005 listed in Hong Kong, mainland 2005 were the only two red-chip companies. China glass 7 million shares, has expanded its equity 3.6 million, after the first day of the IPO worth 8 billion. Hony owns 62.56% stake.


On that day, Lenovo chairman Liu and China Glass Holdings chairman John Zhao Huan's face looked in at the open of champagne. .


Implication of Lenovo's wisdom and foreign investment fund of smart and savvy tangy through the Hony. Now, another State-owned enterprises – Beijing Changping glass group became Hony's next target.


It is said that two executives of Chinese glass has been for the acquisition of Changping District of Beijing Glass Group busy for more than three months. The group has two float glass production lines, asset size and the Chinese glass rather, is the capital of the first float glass business, if the acquisition of the company, the assets of China will grow twice as glass, Hony Capital's earnings will double to enlarge . .


Hony established one year seems to have harvest in autumn season, which is taking place in the reform of State-owned enterprises, foreign and domestic acquisitions, subtle changes in foraging Fund difficult environment no doubt do the legwork.


Third, acquisition of long drama. .


China glass is Hony classic. Story ideas: Lenovo advance million acquisition of Suqian city-owned assets management company (hereinafter referred to as Suqian Sams) – and thereby control the companies all State-owned assets – the State-owned assets sold to Lenovo overseas companies – the State-owned assets listed in Hong Kong-listed companies continue to acquire other State-owned enterprises will make a big cake – 6 years after Lenovo cash exit. Obviously, this is a long drama.


Off began in April 2003, when state-owned enterprises in Jiangsu Province will promote the transfer of property rights, the Soviet Union Glass Group state-owned shares traded. Soon Su glass chairman and general manager Zhou Cheng received the former Economic and Trade Commission official in Jiangsu province Tel: Lenovo come, and glass are interested in the Soviet Union. Zhou Cheng drove Ganben Nanjing, pick up a man named Xu Minsheng person, Xu served as Legend Holdings Investment Group (Hong Yi Investment former) investment managers. .


It is said that there was glass group on Zhao Su the interest and enthusiasm but. Xu In August 2003, Xu Min Sheng led 4-member team stationed in Su glass group. When the face of clear-glass group schema is rendered in front of the Zhao Huan, Zhao immediately on Su Frente group Jiangsu Mr. da new material co., Ltd. (hereinafter referred to as Mr. da) interest. Furthermore, Mr. Su glass group, as is the debt to equity enterprises, their second, three major shareholders are huarong, Xinda two asset management companies. Only two asset management companies, not to proceed with the recovery of assets investment nature make Zhao aware: good luck!.


Goal is to Su Freshwater, which is the core of the Soviet Union Glass Group assets, the potential well, as long as there is money to protect, grow bigger, there is hope to become a competitive Mainland industry leaders. Of course, this Hong Kong-listed companies to get financing no problem. So, they began the detailed planning the acquisition path. .


It is understood that Mr. da was established in 2001 and is also financing market. At that time Soviet glass group core capital, holding 51%, China huarong asset management holding 37.96, Xinda holding 4.04%, 2% of Zhejiang University, Zhou Cheng, executives 4.88 percent. In January 2002, Mr. counselling up to enter the market. Mr. da performance fine, 2003 net profit 3800 million, earnings per share of more than $ 0.6.


To win this piece of quality assets, Hony Capital designed compact path: first acquisition of the ultimate controller of the Soviet Union Freshwater, Freshwater Soviet Union to achieve the purpose of control. Su Freshwater is the ultimate controller of state-owned assets Suqian, Glass Group, which holds 63.5% stake in Su Su Su Freshwater Glass Group also holds a 51.12% stake held by Suqian Huaxing new material Limited (Wah Hing, operating Su Freshwater second glass production line, from the Soviet Union Freshwater holding 80%) 20% interest. According to this structure, if the control of state-owned assets Suqian, Su Freshwater can be easily hand. .


Since the acquisition of Hony's ultimate goal is to achieve Mr. da assets listed in Hong Kong, morph red chips, natural need of foreign investment. Thus, 31 December 2003, was registered in the British Virgin Islands Easylead Management Limited (hereinafter referred to as EML) and registered in Hong Kong Ming co., Ltd. (hereinafter referred to as the southern Ming dynasty), and the Mayor of Suqian Zhangxinshi Suqian Municipal Government signed an agreement to RMB 650 will be 60 per cent of the assets of Suqian, 40 per cent of the shares are entrusted to EML and naming.


British Virgin Islands tax haven of the world that not only exempt from all local taxes, the minimum registered capital of the company and no restrictions, any currency can be registered as a capital, a dollar can register a company, but managers do not report data accounts and annual reports are not public. Many mergers, acquisitions were registered offshore companies in the region, the acquisition tool. .


It is understood that the EML and naming are associative enterprises in the background, the former by Cao Zhijiang, Zhang; Liu duo the total equity of 1/3, Cao is Lenovo's Vice President of holding, Liu is Lenovo holdings prior to retirement, Vice President, Director of the southern Ming. The latter is a wholly-owned by Lenovo holdings. The EML and nanming is Hony's shareholders hold Hony 60%, 40% of the equity.


EML and Ming managed state owned 100% interest in Suqian, immediately got the local government's discretionary power: the acquisition of the follow-up initiative. Managed in accordance with the agreement made: EML and Ming Su Lumpur to participate in and control group was involved in restructuring the acquisition. Therefore, they followed a series of acquisitions sense of the word, and return Huarong, Cinda, will Suqian state-owned assets have reverted to its all assets. .


The first step is to first be huarong, cedar from clear glass group (both hold 33.13, 3.52% Su glass group equity). In October 2004, in December, respectively, and huarong assets Suqian, Xinda signed an agreement with the former to 2600 million acquisition of the latter two are held by Su glass group equity; almost at the same time, respectively, and huarong assets Suqian, cedar, Zhejiang University signed an agreement to RMB after the full takeover 6212 three held by Mr. da equity they cleaned out Mr. tat. Clean out the other shareholders, from state-owned assets to the Soviet glass Suqian Group, to the Soviet Union Freshwater, Huaxing's assets have all been in the hands of Hony Capital. Suqian state-owned assets as the Soviet Union in fact no glass business group, together with the Soviet Union in August 2004 Freshwater has acquired another 20% stake in Huaxing, therefore, the Soviet Union all the core assets of glass systems have been assembled in the Soviet Union Freshwater 1. .


IV. transfer overseas.


Asset gathering is completed, the most important is the move to overseas assets in order to achieve overseas listing. This removal process, Zhou Cheng on the other media interpreted as a realization of the privatization process overseas. Privatization of state-owned assets has always been restless under the iceberg is the biggest challenge facing the acquisition fund, is also present difficult international buyout fund gains an important reason, because the state-owned enterprises to sell a controlling stake in foreign investment and policy barriers still exist. .


But this is an exception, Suqian municipal party Committee, hatred and a controversial figure of the famous, its not underlined can sell shares, unit does not rent, sell. On the right Mr. da holdings sold to overseas company acquisitions, support. Thus, Zhao Huan not selected for the enterprise, but also selected to the right place. Local governments agree that the company management of nature is not a problem – provided that the design of its favourable.


September 8, 2004, the British Virgin Islands has born a new company - Success Castle (castle into a company, the legal representative is John Zhao Huan) the company's three shareholders were newly registered in the islands of First Fortune (83 .41%), Swift Glory (11.71%), A mple Best (4.88%). The former controlled by the association, the latter two weeks of sincerity is 100% owned company executives. .


Two months later, the castle became the company's State-owned assets, respectively, and Suqian Su glass group signed an agreement to RMB 6284 million and the acquisition price of 6572 both held by Mr. 48.88% shareholding, 51.12 percent, so that the castle into the company owns 100% of Mr. da. ..


In the previous October, the Chinese glass incorporated in Bermuda, static and so the arrival of Soviet Freshwater. .


2005, China glass acquired First Fortune, Glory, A Swift mple Best owner became the company's equity, of Fort after 3 respectively for China glass 83.41 per cent of the share capital, 11.71, 4.88 per cent. At this point, the whole dish takeovers Hony, convertible, the operation is complete, the glass has become the company of all shares of Fort, Fort became the company has adopted Mr. da full ownership. While the company's management also diverted through a glass in China holds 16.59%, both sides win.


First Fortune as Hony Capital holds all the shares, and EML, Ming Yih investment were holding 60%, 40% stake, therefore, through a series of operational, Suqian state capital, Bolivia Group Su, Su Freshwater, Huaxing controlled almost entirely Lenovo . .


In all acquisition is complete only after 1 month of 23 June 2005, the Chinese glass landing Hong Kong motherboard market, placing release 9000 million shares, the price of HK $ 2.18, nearly $ 200 million in financing. Action very rapid progress.


5, rapid acquisition of the back. .


From mid-2003, due diligence, by the end of the signed agreement of Suqian State equity managed to open the door to China glass, only half a year. This lightning-fast acquisition spree acquirers, robbed in policy barriers come before pressing return other strong shareholder, clearing the stumbling block of wisdom exhibition.


The end of 2003, owned Assets Supervision and wind tight, SASAC introduced the "Interim Measures for Transfer of State Assets Management", has issued local SASAC, at February 1, 2004 implementation of the provisions of state owned trading center for the transfer of property rights must be entered. .


In order to race against time, 31 December 2003, the Zhao Huan and Suqian City Mayor Zhangxinshi formally signed agreement of Suqian managed assets. Just in the SOE transfer managing formal implementation of the previous two months. Zhou Cheng said, the agreement was signed on 20 January 2004, the lunar new year's Eve. This time which policies, 10 days before the race, more!.


The sale of a Breakthrough, contributed Suqian Foreign Economic and Trade Commission: China Glass IPO prospectus, December 31, 2003, Suqian City Economic and Trade Commission to approve the terms of the trust agreement, giving Hony Capital provided acquisition financing Suqian States a great guarantee. Zhou Cheng said in an interview with our correspondents, the date of the acquisition agreement was signed January 20, 2004, the Lunar New Year's Eve, if that's not true, then, that is, in the Chao Ling Zhang Huan and before the actual signing of the agreement, Foreign Economic and Trade Commission Suqian has approved the terms of the agreement, which is obviously unreasonable.And the reason why the prospectus will be the date of signing of the agreement as at 31 December 2003, simply want to avoid seeing policy restrictions. Now, at 31 December 2003, 20 January 2004, has no real difference, as a matter of law, 1 February 2004 on the State-owned assets into operation a new deal is not retrospective, Jiangsu provincial government in 10 months of the approval certificate, issued after approval at the time of the transfer of equity assets Suqian. In this way, they thoroughly Suqian State-owned assets into a foreign-owned enterprise.


This means that, for the subordinate entity of state assets after the company Suqian a series of acquisitions, will become a wholly foreign-owned enterprise restructuring actions, will avoid the State Assets sight. .


Race against time because, in addition to these "rules" constraining the reasons, there are 24 January 2005, the State administration of foreign exchange will publish on perfection of the Foreign Exchange Administration-related issues (No. 11).


Both were touched at home and overseas companies listed on the main channel - red-chip listing mode. It is understood that the text for the block 11 domestic flight, then leave the territory of foreign capital as acquisition of a controlling stake in the company to provide domestic residents, directly or indirectly establish or control of foreign enterprises, after a vetting (the original is the registration system), and transfer of domestic residents domestic assets and foreign equity in exchange for shares and other property rights, shall obtain the approval of foreign exchange management. .


11 article actually broke the red chips listing popular practices, in the past have long been listing had sprung off, you will find a new way, but after all, time consuming and laborious. The pace of the acquisition must be fast. In the policy gate close by Hony finally victory rush end, complete a series of acquisitions. China glass 23 June 2005 in Hong Kong motherboards on the market, making it the 2005 Hong Kong-listed as one of the two red chips (the dynasty liquor), the investment community have bitterly envious heart beating.


6, with the former management of power. .


Although Hony international acquisitions fund, while in the glass case, and other international acquisition Fund. International acquisitions fund intended to gain control of target enterprise, the aim is to get to the purposes of transforming enterprise it value-added measures absolute right. Performance select Enterprise Manager, access to business opportunities for error correction.


However, access to the control of Hony Capital, but left the original management. Although this rule of international buyout funds often different, but the successful acquisition of the former management, which played a pivotal role. Among them, Zhou Cheng's role can not be ignored. .


As far as I understand, investigate as Deputy Secretary-General of Suqian city, serves as CEO of State assets Suqian, Jiangsu glass group Chairman. Until 18 March 2004, the local Government has issued a notice to exempt its Deputy Secretary-General, the President of Suqian owned assets. Prior to this, also served as Deputy Director of Suqian City Commission. In 1997, week as Su Frente group in 2000, Sue glass group to win the State Council approved the second batch conversion of debts into shares; Enterprise qualification.


Then there are so many one episode: when enterprises will have to separate main and auxiliary industry by the audit, evaluation destroyed historical baggage. However, if this operation, in accordance with the asset and debt structure, the Soviet Union Glass Group will be Huarong, Cinda Holdings. Zhou Cheng wish to see results. To enable the Group has a controlling position of the Soviet Union glass, they step into shares, the claims of the two asset management companies into two, part of the glass into the Soviet Union Group, a part into the Soviet Union Freshwater. This ownership structure is also set to 7 years later, provided for the Hony Capital acquired a prerequisite. .


From then on, we hope to see Mr. Dag, and aspirations. In Mr. da Cheng building, week, several executives got 4.88% stake.


Intended to finance the Su-listed Freshwater, soon found the way A-share listed within the foreseeable future. Zhou Cheng unable to go, he wanted to break through. Lenovo appears to make dreams come true. .


The acquisition of Hony cooperate actively with the week. Follow and huarong, Xinda debt-equity swap agreements reached during the sale of State assets Suqian Mr. da and stock Sue glass group, huarong, yoursender has veto power. In order to solve this problem, Makoto out ideas will clean Suqian split State assets sold to Lenovo holdings in companies incorporated overseas for the purpose of privatization. Also, for convenience, 31 October 2003, the initial Suqian State split another two State-owned enterprises, leaving only a Su glass group.


After weeks of sincerity through the unremitting efforts, Huarong, Cinda all out. December 23, 2004, the Soviet Union transformed into wholly foreign-owned enterprises Freshwater. .


An insider told the securities markets weekly: two asset management company does not want to quit Mr. da, the company has entered the performance increase, net profit increased rapidly. But the week Cheng and relevant departments all work, finally, huarong, yoursender has to retreats.


Su glass business information group, October 30, 2004 Zhou Cheng Su glass group hosted a 2004 shareholders meeting, adopted a resolution Huarong, Cinda, will hand the Soviet Union Glass Group 33.13%, 3 .52% stake in state-owned assets transfer to the Suqian, give priority to other shareholders. .


Since the acquisition of Suqian EML, naming, although the State after the company changed to foreign-owned enterprise, renamed Su Frente development co., Ltd., the acquirer has not posted to the company's management also held in the week we have on hand. Zhou Cheng, executives hold China glass over 16 per cent of the equity and in accordance with the follow-up to the plan, the company executives have the right to continue to increase their ownership. Both parties are happy.


7, return of cash. .


Hony in 1 and a half years, trotted will implement state-owned assets in the Hong Kong market, rapid release. Its huge success, so that capital story became a popular Hony investment banking sector.


However, as is the acquisition Hony Capital fund, end the operation to complete a closed loop of capital, return of funds invested in cash. In this way, the inevitable as the year, Morgan Stanley, CDH Investment and the British Union investment shares as Mengniu Group, is for the purpose of investment income. Liu also said that Hong Yi Investment Co., will not do. .


But the reality is that. Prior to listing in the glass, Hony capital withdrawal has been to design a good channel, future plate is British Pilkington (Pilkington). Pilkington is the world's largest flat glass and glass enterprises is one of the inventors of float glass technology. Previously participating yaohua glass, but was unable to fully achieve its stated strategic objectives. In February 2005, Pilkington global Senior Vice President, Jerry made in Beijing and Zhao Huan and have the cooperation intention. 3 June 2005, the equity agreement was signed. Pilkington Glass of China bought 10 million U.S. dollars 9.9% stake. .


On exit, Zhou Cheng, Lenovo does not seem to be psychologically prepared previously with Zhao Huan to make Pilkington United Kingdom headquarters lobbying, although not specifically mentioned in the introduction of Zhao Pilkington is indebted to Hony foreshadow, Cheng is clear as a Bell. It is said that from the United Kingdom, see Zhao Huan-Director of the story, we carefully down, he had to accept an established fact: Hony someday will exit the glass.


Prospectus in the Chinese glass clearly draw out the path and Hony Capital steps: According to the June 3, 2005 acquisition agreement, China's largest shareholder glass First Fortune has agreed to corporate investors (Pilkington) Grant the right of first acquisition since listing date of 6 months within a year, which may acquire shares in the former, so that holding to 29.9%. Meanwhile, the second Pilkington right: since July 1, 2011 within 6 months, to acquire First Fortune all the shares held by the Chinese glass.In other words, six years later, Zhao Huan riding may cause foreign and Chinese glass to disassociate.


8, the Chinese state-owned assets of glass or cheap? . .


Although Hony microhand rapid manufacturing a stock company, the end is not listed, Suqian city, and many State-owned enterprise reform, the glass is also the same torture: the presence of State-owned assets losses?.


By the end of July the day, correspondents in the Soviet Union Freshwater plant to see a busy scene. Shuttle between the forklift is transported from the production line out of glass, a few foreign license suspension truck parked a large factory, waiting for loading. Su Freshwater net profit of more than 3800 million in 2004. .


Here the staff don't know Hony, they only say: 650 million sold in "as the hen". I mean the EML and managed with 650 million nanming Suqian State 100% shares, and will sue glass group and Mr. da, huaxing's assets sold to overseas.


6.5 million yuan of state assets acquired Suqian, in their view Suqian suffered a major loss of state assets. China Glass IPO prospectus, Suqian state-owned assets as of October 31, 2003 net assets are assessed to be 63.82 million yuan, net interest loss of 25.64 million yuan, and 41.1 million yuan identities of staffs in gold, the acquisition cost of remaining 6.5 million yuan. The workers believe that state-owned assets Suqian not that cheap, especially the 41.1 million yuan identities of staffs payment deducted from net assets, and they now how to release the funds did not hear any argument.They say: If the company does not grant compensation for employee identity shall dispose of the money, why do you want deducted from net assets? do not objectively reduces the Lenovo acquisition cost, is the sale of State assets?.


By the end of July in a noon of correspondents in the well-being of North Suqian Suqian 12 state-owned assets (renamed Su-Glass Development Co., Ltd.) to see a week of sincerity. .


This is a small house in occupies only Sams, Suqian fourth floor rooms at one end. And with the other units in the case of little decoration, Suqian State is extremely luxurious. As far as I know, including Mr. Su glass group, and companies are in mid-2004 a great decoration, all focused on wood office furniture. Some people say that since the company benefits from the mid-conditional improvement; some say because sell businesses, executives need to warm the hearts of the people.


March 2004, had just retired deputy secretary general of Suqian City, took over the Soviet Union Glass Group 8 years, 50-year-old Cheng Zhou now owns the nearly 12% stake in the glass, but the next chance to get more shares. This result, to sit behind the counter of the week large employers added more to meet sincere and steadfast. .


Zhou Cheng said: "the Chinese glass acquisition, Lenovo is high. But don't sell enterprises cannot be listed in a short amount of time, not to sell the does not present the third line. Over the years, I have a dream, is China's most competitive glass enterprises. At present, China's glass industry is very fragmented, not a company's market share of more than 10 per cent. How to achieve this dream? Crow, just introduced a Lenovo. At first, the establishment of Mr. da is considered for listing, but because of policy reasons, the wait is long, and our new product line are very eager to help. ”。.


Zhou Cheng denied the deduction 41.1 million yuan as compensation is interested in reducing the acquisition cost of Hony Capital, he said that if workers do not leave the company, placed the problem does not exist, without payment of compensation; if the employee left the company, we will be given. If you want to reduce the acquisition cost of Hony Capital, would not be 41.1 million yuan compensation figure, but more. Suqian state-owned assets and their holding companies, if the full compensation, approximately 150 million yuan.Now the Soviet glass group does not have a specific business, but the original Mr. up to 1200 people, founded the company, over 1000 people to stay in the group, who is regarded as a burden, the burden is a heavy, and Lenovo would also like to throw the burden to them point compensation, labor relations, easy. But this may be a shock. I hope that in the absence of legend and shocks premise, if there is a State-owned enterprise restructuring and chicken flying dog jumps, broken.


Ling-Huan also then told, "Stock Market Week": 41.1 million yuan as compensation is a special fund, they will not move as he, and "I look at statements every month, this money has been in the account on a detour to it.". .


Zhou Cheng said, look at the State-owned assets are value-added or loss depends on the long term. Suqian Municipal Government is very clever, pretty woman first married, SOE reform is such that if Mr. da is not a good enterprise, association or acquisitions. Sold, a listed company, with the first three lines of the building, in the long term benefits to the company's development, but also can improve local employment and the level of the overall economy.


John Zhao Huan said that the acquisition of Chinese glass, fair, Bu Neng just look at the trading price of state assets Suqian, see all of the acquisition program, "We are not only for the acquisition of Guozigongsi this thing, so we will not buy, we want to Su glass Integration Platform Group to create a most competitive group of Chinese glass, while the realization of this goal, and only in such a mature business association under the operation to complete. ". .


Hony Zhao believes that were pending acquisition of enterprises need, is in fact Suqian State is not so good on the surface. "China glass has published reports, which you can clearly see the industry's blind investment competition 2004, despite the fact that Mr. da profitability has reached the edge of life and death, if not immediately invest in third-line, death is imminent.


Ruan Ruhui comment: Lenovo's purchase of state-owned assets suspected of Chinese glass, whether caused by the loss of state tax revenue? . .


For more information please read the global online space http://cblog. .com .cn .chinadaily..//port/yuanruhui news http://blog. .bjnews. .com. .cn/? 10704 blog.




Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


1. any person involved in the business game?.


Summer opening day unlimited offer! ! ! (Event Time August 8, 2003 - 9 28). .


Can $ 198 price purchase value $ Lenovo 2888 infrared GPRS MMS mobile phone G818 a..


To 998 yuan to 8,388 yuan worth purchase price of the Mobile Intel Pentium 4 processor-M laptop a Lenovo Zhaoyang E100. .


The content is at or above the publicity IT giant Lenovo ongoing promotions, this offer preferential purchasing activities "is really tempting" range, but Lenovo also in all the major media do a large-scale publicity campaign. Offers total reminiscent of the discount business, we can convert what, Lenovo offers to purchase for this event under what kind of "discount" definition: 998 yuan discount the value of 8,388 yuan to buy a laptop that was fought off 1.19, The mobile phone is playing a "blood pack", and 198 yuan discount the value of 2,888 yuan to buy mobile phones mean 0.69 fold, less than a pack, and these two products are available in the market is still popular support for MMS and popular mobile products.Obviously, this is a once-in-a-lifetime opportunity to advantage, seen as heart, but according to the "pie in the sky," the universal common logic reasoning, this is not necessarily cheap white covers. Yes, you can see these are associated with this activity, additional terms, as an ordinary consumers, you see it just after the main part of the excitement will disappear completely ceased to exist, which reads as follows:.


During this period the user to normal selling price (bid, except for special orders direct supply) a purchase of any one of the opening day of the same configuration recommended products for more than 10 units (including 10 units), can enjoy the phone offers. Buy 40 or more (including 40), can enjoy preferential laptop. .


If you are an individual user, there is no doubt that you almost have been excluded from enjoying the privilege of its associative activities of this offer does not include your target group, but rather held refers to enterprises and institutions, such as operators, because you do not have such a large potential consumer demand, this is an almost entirely with the operators and operators of commercial games.


Lenovo Why? Bought did not sell the refined, based in Beijing, Lenovo is certainly true, he will not do the business of losing money, not to go for their Peibenshengyi hype, the marketing program will have its hidden profit point, which It requires us to find and reveal. Can be clearly seen, in a separate discount on the sale of the policy, the association is indeed much lower than in to the cost of mobile phones and notebook computers in the sales price, which no doubt is losing money, and Lenovo offer to purchase in the amount of the loss: (accounting provided that Lenovo offers to buy mobile phones and notebook computers offer in line with market prices). .


First, 10 discounted buying Mobil computer 2888 meta-$ 198 $ = 2690 (loss).


Program 2, 40 laptop computers offers to buy yuan 8,388 yuan -998 = 7390 yuan (loss). .


Even though Lenovo mobile phone and laptop offer slightly moisture, but forced out of the water no low commodity prices for one-to two-fold, and discounts to the purchase price paid for the less mobile and laptop price of a Pack and two-folding, loss arises. 在这个整体销售方案中，联想肯定不会付出如此高额的赤字，但用什么来弥补这个亏损呢？失之东隅，收之桑榆，我们注意到该优惠购买政策只是附加条件，是从属于主要销售产品交易前提之下的，弥补亏损的利润别无他出，绝大多数情况下会来源于此，用优惠购买的“微薄”支付价格来吸引经营者进行主商品交易，这极有可能会增大主交易成本，抬高主交易商品的价格，或使原本应该直接降价的产品没有降价，而把这部分降价利润弥补在优惠购买的亏损当中，从而实现整个交易活动的盈利。 Just with ordinary commercial marketing or have secretly entered the law prohibited the black zone?.


2, Lenovo marketing suspected what? . .


The unfair competition Act expressly prohibits operators adopt commercial bribery means sales or purchases. As a commercial sales measures, Lenovo's preferential purchase program seems to be beyond reproach, but also for ordinary individual consumers seem to be good without the disadvantages, but the quantity and amount of transactions that have been largely ruled out the possibility of personal consumption. "If this kind of purchase activities occur in the transaction between operators, there is suspected of bribery in may", and related legal experts think so. When combined with "anti-unfair competition law," the letter and spirit as well as the order of business competition point of view, Lenovo offers a reason to buy activity not move, or even face legal risks. .


The most questionable is associated with this initiative the "preferential purchase" what nature? whether suspected bribery? if so, to what extent were arrested for bribery and suspected of bribery in? we under the law of unfair competition and commercial bribery is closely related to several cases of: microcredit advertising gifts, rebates, discounts, commissions, bonus prizes and to analyse.


"Anti-Unfair Competition Law," Article VIII: "operator in the commodities trading unit or individual shall not be bundled to the other party in cash or goods, but presented in accordance with commercial practice, except for small advertising gifts, violates the above provision as a business bribery."The Association's activities can be classified into micro-advertising gifts range? if you purchased only from the concessions and to each other to pay part of the price, this is clearly not given; if it is a symbolic" buy, "we will collation as the Bush Administration has given a gift, it is obvious that the Lenovo" gifts "in the amount of the payment amount of $ respectively up to 2690 (cell phone) and $ 7390 (laptop), far more than a small amount of category. "Although we can not find the existing legal provisions in the small ads on the gift is 100 yuan or 200 yuan a specific limit, but according to our current level of development, the amount can not be great," National Business Administration Office of Fair Trading against unfair competition, Liu Min, Deputy Director in March of this year meeting held pharmaceutical care has made such an interpretation. .


This preferential purchasing behavior belonging to rebate? the statutory conditions of the rebate is account secret, but the essentials are controversial, because to take explicit account of the way, is it not possible to circumvent the law and in most cases, the main commercial bribery is operator is a legal person or other economic organizations, and commercial bribery is the entire operator rather than the individual's behavior (self-employed), acts as a whole is maintained as a whole. Therefore in many cases it is not necessary to request account secret, is entirely recorded explicitly. Of course, the practice of legal consciousness more often also take account of the secret ways to reduce risks. Lenovo's move is the opening-day series of computer sales practices, when reporters asked about Lenovo dealer sales personnel, whether for the purchase of products offers a separate invoice issued with the main goods purchases were the same and indicate the commercial invoice payment amount and the name, get the other answer is: "If the customer needs, then we can open, if the user does not have such a requirement, then we can not open, this set according to customer's requirements."If Lenovo dealer does not provide preferential purchase invoice, and the buyer operators did not actively concession to purchase copies of the invoice, which is suspected of constituting commercial bribery; if Lenovo dealers issued invoices, then" accounts "to secret rebates that may be based on current law, there would be no, but it does not demonstrate this behavior was not arrested for bribery, nor does it indicate that does not result in corrupt practices, which we later on that account surreptitiously" bribery..


This offer is a discount? Discount is none other acts of nature, which is an indirect price reduction act, the operator freedom to sell discount that, under normal circumstances is lawful. The important feature of the marked price of goods is proportional to the discount, Lenovo is clearly inconsistent with this act. .


As regards the Commission, is the business activities of a reward, is an independent status and qualifications of intermediaries in commerce activities provide intermediary services reward, but Lenovo concessions object just buy 10 or more than 40 PC consumer and therefore not part of the Commission.


Lenovo's offer to buy prizes sales activity is it? The offer to purchase is for all buyers, that is, the main products to meet the conditions of purchase as long as any group can receive the preferential purchase rights, which is similar to Premium Sales. (Another form of sales with prizes is drawing buyers for some type). .


In many cases, the offer is a proper business practices, but also often misused and abused, so as to prevent unfair competition due to supplement and for the normal transaction order maintenance needs, our law the relevant specification, is published by the State administration for industry and Commerce of the Convention on the prohibition of bribery regulations which will be subject to certain conditions of the bonus into commercial bribery. Bonus according to the nature of the transaction object of the operator to another operator's complimentary and operators for consumers with two. According to SAIC, "on the Prohibition of Commercial Bribery in the Interim Regulations" and other relevant provisions of the law only comes with the operators carried out between the norms, while the operator comes with ordinary consumers, then no legal restrictions. Therefore, if the object of conduct comes with the operator, will constitute commercial bribery, if the bonus for the average consumer does not constitute commercial bribery. Usually comes with the operators in the market transactions, in order to induce trading partners to deal with place, with cash or goods to their behavior.Due to the Association of purchasing activities of the first to purchase 10 or 40 computers, which essentially eliminates the possibility of personal purchases, generally only the and operator is such a demand. To a very low discount purchase price for the "half-a-half rushed to buy (or gift)," to induce operators to carry out transactions, in accordance with the legal characteristics of the device, and take a number of ways of determining the bonus. Significant amount of their bonus is too high, offer to purchase up to 2,690 yuan and the post 7390 yuan much more than a small amount of advertising gifts to the extent permitted, to some extent against a competitor to lure facilitate transactions over the interests of achieve serious commercial bribery in connection comes with style. Seen in this light, Lenovo's "preferential purchase of" nature seems to be caught in a bonus-type commercial bribery and Premium Sales in the middle, then the association's offer to purchase in the end and what the nature of the similarities and differences between these two do? . .


3, Lenovo's purchase of the "Preferences" and bonus-what is the difference between commercial bribery?.


Since in our country's judicial practice in a large-scale promotion of the enterprise to commercial bribery style comes with very few cases qualitatively similar, it is difficult to have the light of last year, much attention in the home appliance industry, Glanz, "purchase price of 2680 yuan The Galanz air conditioning, complimentary market price is 2880 yuan watch "promotional activities, caused controversy in some industries, this year seems attributable to silence the voices of debate whether this is an inspiration and reference that we can be the case what? Galanz this reporter interviewed the air-conditioning business in Shaanxi Manager Mr. Liu Lijun:. .


Reporter: do you buy gifts for last year's summer air conditioning also watch do?.


Manager Liu: This buy one get one free promotion this year is still sticking out, Shaanxi market has just donated the price of reducing the number of tables, only 1,200 yuan, and recently came to an end. .


Reporter: last year the trade on your promotional method argument many industrial and commercial administrative departments came you?.


Manager Liu: No, no industrial and commercial area came to us and no one to our marketing practices that violate the law which the conclusions. .


Reporter: your promotional distance commercial bribery?.


Manager Liu: weak in the Na! If it could be characterized as commercial bribery, we would have been stopped, and this activity has been a long time and did not happen, we are a legitimate prize promotion. .


A legal expert analysis by galanz bonus promotions are not the cause of the stop: constitute commercial bribery is premised in bonus between operators, but a large part of the air conditioner buying customers are personal, commercial bribery, but before the parties to the dispute would have overlooked the critical factor. Even if the operators involved in the purchase of a complimentary air-conditioning galanz, also hard evidence. While Lenovo promotions for quantity and amount threshold is very high, the target customers mainly operators, this is the Lenovo marketing and promotional offers cannot be completely galanz is equivalent to one of the main reasons why.


　　联想的“擦边球”就“擦”在是优惠购买而不是赠送的差异上，这种所谓的“优惠购买”距离附赠形式的商业贿赂到底有多远或者多近？这似乎要从买、卖经营者双方在“赠品”上有无支付和支付程度的多少上来判别，而优惠本身不像是打“对折”这么明确，是一个很模糊的没有具体数字尺度的概念，类似于我们经常听到的“两位数”增长，其实这里面包含了自由度的玄机，因为从10－99都是两位数，而从结果上10％和99％的增长却相差了9．9倍之多，优惠一词里面也有一个由商家来掌握的自由度，正常来讲不应该很大，除非只是为了挂“优惠”之羊头来区别于狗肉。 As a small amount of advertising gifts do not belong to the same commercial bribery, because its advocacy role and smaller, but Lenovo offer purchase of mobile phones and laptops to their value in less the payment portion of the purchase price is $ up to 2690 respectively and 7390 element. Although we offer concept not found in the legal definition, but normally "concessions" range should not be very large, Lenovo is sufficient to obtain and use the offer degrees in law, there is no clear limits legislative opportunities, and energy to the extreme.


Were less than one pack and two pack, this amazing non-normal "discount" price is very low, so alone and bundled modest price to pay will be able to draw a line right type of commercial bribery? Now we shift from a cost point of comparison to analyze what type of commercial bribery and bundled offers to buy the difference between Lenovo. .


From the above figure we can clearly see that the bonus-commercial bribery of primary commodities and premium and Lenovo promotions of primary commodities and discount the total purchase price paid by the buyer, and commercial bribery bonus and Lenovo offers purchase final payment in the amount of the total price is exactly the same, just the cost of transfer to transfer the quantity varies: commercial bribery offer is completely transferred, Lenovo offers purchase most of the transfer.


Lenovo to offer to buy goods in the most cost-shift to the main trade-offs, and thus reduce the discount on the price of doing business motive is to to offer low prices to attract buyers to purchase transactions, but as a conditional offer purchase does not stand alone, but in the main premise of the transaction, which is similar to buying insurance, you really need the insurance is often included in the additional risk by the insurance company content, while most of the main risk is that you are not very satisfied or needed, you want the additional risk, but only if you have buyers risk. .


Of course, in a specific price, the cost of transfer may not necessarily lead to a rise in primary commodity prices, because prices unchanged while the unit profit would be reduced, but because of the gifts of the carrot, the sales increase in the number, scale, so the total profit increases, thus the purpose of reaching a small profits but quick turnover. However, this completely transfer cost bonus mode is not valid, then the Lenovo in most of the practice of switching costs is legitimate?.


Legal experts say can not because the buyer is the actual meaning of products comes with its actual price paid for the purchase price disparities, to deny the substance of their bonus, not because of our existing legal provisions there is no such similar provision, the that the so-called "preferential purchase" is not a bonus. With the continuous economic and social development, and the included forms will keep a new guise, will have a more subtle, may be more difficult to identify, but as long as the operator for the sale of goods to money, property, or travel reimbursement invoices the form of inducements such as the nature of the other unit or individual has not changed, we can clearly identify it. .


Another lawyer also expressed his view that the traditional commercial bribery are discriminatory and stealth characteristics. Discriminatory given bribes with each other, the standard is not a clear and unified, for some people may or may not give, offer, even if the same to bribery, different objects may not be the same or less; hidden refers to commercial bribery is generally paid in secret, in private, and not visible to the public. While Lenovo offer to purchase is expressly made public a unified and clear standards, this massive "promotional" approach is indeed a new phenomenon.


4, Lenovo's "preferential purchase of" activities and Premium Sales What is the difference? . .


The main prizes of the law against unfair competition act and under the law of the relevant rules and regulations, etc., for the prizes, the law of unfair competition mainly against commercial bribery, in line with the principles of selling, the law of unfair competition is allowed. The unfair competition Act prohibits the three exceptions: first, cheating, the second is the prized fake and shoddy products, and the third is the draw of prizes, individual prizes over $ 5000.


Lenovo's offer to purchase goods and Premium Sales of prizes both belong to additional terms, but still in the form of some differences, such as: the prize is an incentive to use recipient without paying any price, and in Lenovo offers to purchase activities, Lenovo is a preferential price in the "selling", though at very low cost, but not free, the seller the obligation to offer to sell the products invoiced, but purely because there is no gift relationship between the price paid, there is no such obligation.But because of the favorable purchase cheap price to pay, this is enough to distinguish between him and the essence of free gifts or just a disguised form?.


SAIC to develop in the "Premium Sales activities on the Prohibition of Unfair Competition Provisions" (1993 12) which specifies the individual prize draw Premium Sales not more than 5000 yuan, but comes with style Premium Sales did not make specific restrictions, which Lenovo offers to buy it for this reason, it is legal? Administration of Industry and Commerce Administrative Bureau of Fair Trading against unfair competition Liu Min, Deputy Director of the bundled-style commercial bribery and the difference between Premium Sales made the following explanation:. .


Bonus in the strict sense is a kind of prizes, no enterprise can be selling, there are two prizes, raffle, has a certain probability, not everyone can win. Every contingency, shopping is not necessarily to win, there may be chance of winning. There is also a way of presenting the offer. Premium without any contingency, is inevitable, as long as you buy something that is sure to get the gifts. As a buyer Ye Hao, consumers might be, can get it by my own control, I just control my buying behavior can determine whether I can get this award, which is bundled features of Selling , for all consumers. It is for the two groups, one is the unit, one is an individual consumer. Operators of commercial bribery bonus is to be punished, and here's the buyer of the unit. Such as sale of drugs you buy me one promise of millions of medicine, I am giving you something, the hospital must guard against this phenomenon.This phenomenon in the present law is illegal, although there are differences and commercial bribery, but in order to prevent to undue inducement, the behavior is to conduct a commercial bribery. If the seller and the buyer are units to offer prizes guises, is special attention should be paid.


We determine the control authority of the department standard, Lenovo targeted groups of users similar to the Premium Sales preferential purchasing activities, and a series of similar associations in other promotional activities are most likely to be equivalent to commercial bribery. .


5, Lenovo promo for conniving?.


Lenovo promotional activities in addition to advertising in addition to the simple instructions, then there is no other more detailed provisions of the campaign, which we advice hotline from Lenovo and Lenovo dealer has been confirmed, but if we carefully read the Terms of simple activities, you will find that there are many loopholes, for example: Although the association to promote their use offers to buy, but then offers to buy Who does not expressly limited to customer identification for this reporter to call Lenovo's business Product pre-Hotline (800-810-1567) and the Lenovo Partner Beijing north latitude bainaohui store boutiques (bainaohui market, Chaoyang District, 2 layers) random interview:。.


Q: I read in the paper offers to buy your activities, this event means so little on newspaper content? There are details on the activities of it? . .


Lenovo 800 pre-sales consulting business people: the newspaper of the activities of all content, no rules, and in fact, this activity is very simple: buy 10 units (10) we recommend open-day series of the same configuration of the computer, you can use 198 Yuan discount purchase our Lenovo mobile, similarly, to buy 40 so you can offer to buy a notebook.


Reporter: What do you object to this limited offer to buy it? . .


Lenovo 800 pre-sales consulting business personnel: we have no restrictions on who can buy mobile phones, units or individuals can.


Reporter: So your policy is quite flexible! . .


Lenovo 800 pre-sales consulting business: you wanted to buy a computer to the unit, and then use their own mobile phone?.


Reporter: Yes, you can give mobile phones to open a separate receipt? Otherwise, I fear nobody mobile phone service. .


Lenovo 800 pre-sales consulting business personnel: invoice is our dealer, this should be no problem.


Reporter: invoice or other writing can I do? . .


Lenovo 800 pre-sales consulting business personnel: we have no limit.


Reporter: mobile phone invoice that we paid 198 yuan it? . .


Lenovo 800 pre-sales consulting business: Yes, you can consult our local dealers, I can give you our local dealer Tel.


Beijing latitude bainaohui interview boutique shop:. .


Reporter: your boutique took part in the Lenovo this summer in the "open days, unlimited offers"?.


Latitude bainaohui store boutique staff: course attended, we think an agent. .


Reporter: we want to buy some computer and wondering what this event is the newspaper that? are there any rules?.


Latitude bainaohui store boutique staff: no rules on that simple. .


Reporter: it has to offer the purchaser?.


Latitude bainaohui store boutique staff: There is no limit, who can buy. .


Lenovo's purchase of this offer will only normally occur in the operator specific trading of goods between the process of implementation, are often and procurement staff, or purchase a discretion, but the main commodity of buyer's purchase of pay and benefits and beneficiaries are the same as the facts of the transaction process, of course, a suspense in the legal ban on offer, this kind of main item of the buyer and the gifts of the beneficiary is the same problem does not affect the offer qualitative as commercial bribery. Purchasing power of those who are bundled in the inducement of commercial vendor under the most likely beneficiaries of a bonus (paid or non-payment of preferential purchase price), which undoubtedly provided a place of corruption and bribery may be, this is Why should the law prohibit illegal acts of its bundled as one of the main commercial bribery.. .


Reporter (customer ID): we want to buy 10 computers, you can offer to buy mobile phone? how the discount invoice?.


Lenovo Dealer: We just want a little more to sell the machine (computer), as to how to handle invoices that are easy to say, gifts (ie discount on products) are open does not invoice line, set according to your needs. .


The Association offers to buy, how to deal with the buyer and the relationship between the beneficiary and will occur in the transaction process corruption, mainly in the Lenovo dealers on the invoicing details, such as handling.


(1) If the association of dealers, including one issued only to the buyer offers to purchase the main product and the aggregate amount of the invoice of goods, then the staff will indicate in the invoice to purchase the product offer;. .


(2) whether the promised customers out of two separate invoices for the primary dealer invoice and purchase invoice discount purchase unit name different requirements;.


(3) only to open the main trading goods invoices, purchase of goods on offer is not invoiced;. .


To do this press to dial the customer respectively on behalf of the associate website listed throughout the store sales hotline for verification.


Reporter (customer identification): If you purchased your computer, buy a mobile phone that offers a separate invoice can open it? Write to buy my work? . .


Beijing North latitude bainaohui shop boutique staff: you can separate invoicing, who is going to buy this without limit, you can.


Shanghai Pacific Computer Plaza 103 boutiques staff: can be individually opened, you can not open, no restrictions on who is buying. .


Anwar computer co., Ltd. of Shenzhen City boutique staff: mobile open can not be invoiced, who buy without restrictions.


Wuhan Tian Ze Lenovo business boutique staff: individuals can fill mobile phone invoice, no problem open to you alone. .


Harbin North Union shops staff: who's buying Mobil that does not require that the phone can not be invoiced ….


Reporter (customer identification): If I give you a check, the 198 dollar offer to buy mobile phones are included, in the development of votes can not be reflected when the phone name? . .


Beijing North latitude bainaohui shop boutique staff: no problem, you can see it.


Shanghai Pacific Computer Plaza 103 boutiques staff: Yes, no problem, you come on our careful. .


Anwar computer co., Ltd. of Shenzhen City boutique staff: invoice can name does not appear on the phone.


Wuhan Tian Ze Lenovo business boutique staff: the cell phone more than the amount of the invoice where you can not show phone. .


Harbin North Union shops staff: you can put computer and cell phone invoice out together, does not appear on the phone name on the list ... ....


As the sales associate interviewed more number of terminals, and the answer to similar content, this is not enumerated in order to avoid repeat. .


More extensive interviews confirm that the Lenovo this preferential purchasing activities, the dealer has a serious suspicion of bribery, there is also a high risk for the buyer, bribery, corruption, opening the door and offers to purchase the following Lenovo dealer Obscura relative to "flagrant" bribery, and very subtle, so this makes it easier to contribute to the abuse of power and corruption from occurring. This is Lenovo's sales activities in mind the large-scale it? But certainly, at least deliberately or inadvertently think the law in fighting the "edge ball", at least deliberately or inadvertently use the discount for the purchase of this opportunity to promote the alleged bribery. .


6, Lenovo what role?.


Reporter (customer identification): We have a recently purchased a number of computer programs, I see your offer to purchase advertising, so would like some. .


Lenovo staff: this "open days" of summer, unlimited discount promotions by Lenovo is responsible for planning and advocacy, the distributors are responsible for the implementation of mix.


Reporter (customer identification): Lenovo has no end sales charge of their own? . .


Lenovo staff: we all Terminal sales associate is responsible for all distributors, Lenovo does not do direct sales terminal.


Reporter (customer identification): We bought the computer and offers to buy products, then how to open the invoice? . .


Lenovo staff: sales invoices from dealer to your customers, you can provide details of their consultation, Lenovo is not responsible for.


Dialogue interview from the above, we can see that Lenovo is the only event planners and advocates.Due to the Lenovo and dealer just agent relations, sales terminal link any non-product issues are identified and related to the reseller is responsible for, and Lenovo to only to dealers have the responsibility of supervision, i.e. If Lenovo dealer for sales and promotion programme through the offer to purchase were not specifically limit the vulnerability to the buying objects have been bribed by the relevant departments to investigate the Association up to their responsibility for supervision, without the other, that is to say if Lenovo dealers do have been investigated and dealt with is to blame, and Lenovo dealers..


7, distributors play what role? . .


Dealer as a performer of Lenovo sales terminal, at which promotions are both participants and activities of the specific implementation, and Lenovo are interdependent, and share weal and woe. When faced with Lenovo in promotions in unintentional vulnerability, many dealers have this as an own lift sales and increase sales to opportunity from a large number of interviews, "as long as it can sell more, how to open the invoice machine is good" idea is universal, this provides dealers and buyers of bribery and relaxed for a breeding ground for taking bribes, corruption may:.


(1) Lenovo dealer offers to buy goods not invoiced, the invoice only indicate the main trading commodity price and name of the Lord;. .


(2) associate dealer a "fuzzy" invoice directly benefits paid on the purchase price for the commodity trading account master invoice amount, but you do not specify the name of the purchased product offers;.


(3) association of two independent dealers out invoices, and purchase invoices to purchase products offer people the purchase invoice with the main transactions were inconsistent with the preferential purchase of products can purchase the purchase the buyer the right operator or other, which is a clear account of commercial bribery secret. Although this approach is clearly account for the benefits that dealers do buy out the invoice, not the current "Interim Provisions" in the prohibited off-balance secretly rebate form, but this new approach, indeed, in fact from to induce the effect of buyer transaction suspected of corruption and bribery. .


. .


8, Lenovo and his dealer suspected damage?.


Operators the cost of commercial bribery often other ways to compensate, such as raising prices of commodities trading, lower product quality and cost, or direct price cuts that should have, but with the gift of such an indirect way of lower prices, thus bringing the gifts to sell to buyer, resulting in increased costs and cost the buyer's expenses, which is ultimately the buyer in terms of negative. Fleece, some individuals are the "benefits of wool," are also considered in the relevant enterprises and institutions of the "sheep" who, while the seller may sneak into the never losses.But the greatest danger lies in the fact that it violates the law of unfair competition, trade-offs through such interests to determine the transaction behavior undermines established in quality, price and services on the basis of the normal commercial competition order, because it is a way to combat unfair competition, and thus obtain an environment conducive to their trading opportunities and competitive advantages, this is precisely the anti-unfair competition law prohibited, it is normal for the market economic order are not permissible.


9 What are the legal consequences? . .


Legislation is a lag, always a legal fact, after the legal norms, which is like before the computer does not appear, it will not prevent computer crime laws, but as things change, the emerging law of the spirit of the Act are also gradually regulate access to the legal provisions, be prohibited. Buy a "concession" on suspicion of Bribery Act once they are identified as relating to the management of the sector is a kind of disguised commercial bribery, the operators will assume its practices related to the liability.


SAIC, "on the Prohibition of Commercial Bribery of temporary provision" does not directly regulate commercial bribery and other forms of bundled to bear the legal consequences, but is clear that commercial bribery acts of unfair competition, it comes with such commercial bribery should be applied to "anti- Unfair Competition Law "dealing with the relevant provisions. .


Who will be punished? under the unfair competition act, the provisions of article III of the Administrative Department for industry and commerce is unfair competition acts primarily to supervise the regulatory body, has the right to commercial bribery. Shall have the right to violate the law, the operators make the following administrative penalties:.


(1) According to circumstances, impose RMB 10,000 to 200,000 fine; (2) shall be confiscated. .


Normal commercial promotions and reasonable prizes above reproach, micro-advertising gifts bonus is also irrefutable legal, but this does not seem to be able to meet some of the ambitions of the enterprises ' profit; maybe really, perhaps unintentionally, perhaps inadvertently, Lenovo and his dealer for a closed area of commercial bribery; perhaps, perhaps, perhaps inadvertently, but this is exactly what we need to reveal to the public and to remind of the enterprise.


Ruan Ruhui comment: If conducted by unlisted commercial bribery, it involves taxation. .


For more information please read the NetEase blog http://yuanruhui. .blog. .163. .com/Sohu blog http://yuanruhui. .blog. .sohu. .com.




Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


Digital connection parameter false, interpreting the projector market unspoken rules.


Source: Daily Economic News, Author: Ling Jianping, Zhu Yu, Editor: zhengzhihui. .


1. recently, a Toshiba projector is consumer broke specification, the fake national business news through the survey found that projector brightness, contrast these two important indicators in the Chinese market is massive xubiao phenomenon, who was xubiao projectors market maximum agent and distributor of digital. Digital China why these "fake" technical specifications? this newspaper readers xubiao opened China projector market in unspoken rules.


Second, news playback: Toshiba Projector virtual standard Digital event pull-out false. .


Projector specifications in China generally cheating issues from one reader. This reader was going to buy a Toshiba TDP-T9 projector, this model is suitable 2000 flow luminosity home use. But when he went to buy a computer city, digital printing, leaflet 2000 lumens marked 2600 lumens, thought is the typographical errors, and then search for digital's official website, TDP-T9 nominal light transmission and perfectly improves the brightness is also "the 2600 lumens." The Toshiba website brightness are "2000 lumens" instead of "2600 lumens." So, what is the Toshiba wrong data, or Digital intentionally do? . .


According to users ' questions, press again detailed search digital discovery of other product lines, Toshiba is not an individual phenomenon, the same brand of the same product in China and globally, as well as digital Web site data, digital China under the agent's Toshiba, NEC, ViewSonic, 3M, SHARP, almost six brand pulier exist data xubiao.


Third, dealers exposed the unspoken rules: vacuity forced selling pressure. .


Projectors are high-speed development, this year the industry growth rate reached 20 per cent of cumulative domestic projectors tenure has more than 140 million units. NEC, Panasonic, Toshiba and other Japanese companies in China, most of the products by China's largest IT reseller digital. Why does the digital elevation product specification?.


Press onward in touch with an intent not to disclose the name of the agent distributor Digital China, the sources, in fact, the data for the projector indicators virtual projector industry standard is the unspoken rules, essentially by manufacturers of acquiescence. In fact, a virtual standard in the industry sub-two levels, the finished products, the company has a virtual object, generally the target lumen play a Bazhe this is true about the value, the other is that agents and distributors in the vendor data then carried out on the basis of their greater vacuity, vacuity such a bad thing about the data. .


The people told the reporter, for enterprises and products distributor, is in fact a compelling xubiao. Such a widespread phenomenon in xubiao two reasons, first is the atmosphere in about 5 years ago began to spread, not affected by the management and supervision of market users many manufacturers were forced to competition as well as sales of pressure and had to accept this unspoken rules, everyone started making xubiao.


Second, the projector has gradually tended to government procurement actions, after all, the projector buyers are generally the educational system and corporate, commercial office-based, bidding process, many uncontrollable factors, more attention to China's bidding the surface of things, irrational, blind pursuit of the performance of products of the phenomenon, and not pay attention to the actual effectiveness of such incentives has also led companies to pursue vacuity. Therefore, the person that the more reasonable explanation is that foreign firms to cater to the needs of China, created a high-index concept. .


However, it also considers that such an effect on consumers actually xubiao, for example, a data sheet single-labeled 3000 lumens, if you really want to buy to 3000 lumens, the price of the product will more than pay now, so that such kind of explanation is in order to better looking xubiao.


Fourth, all reaction. .


1, digital: ostrich policy to delete data.


Digital projectors that China's largest distribution companies in the technical data projector market how to play false in what kind of role, but when the reporter contacted the Department of Digital Projector Market Leader Qiao Zhang Mei, Zhang Qiao Mei's answer only "I can not accept interviews" and then hangs up. .


More interesting is that reporters yesterday once again landed in digital projection world website, I found the event to occur before the "lumen" technical data no longer exists, instead of just a blank, you can select Search selected lumens projector network functionality, nor, according to the individuals will reflect, in fact, many of the previous day, the digital version of this website are "not accessible" off, re-enabled after the data changes just reflects the digital internal problem for users is very clear, but the data deletion does not mean that digital will change xubiao facts.


Although the official website of Digital China has wiped out all the virtual object records, but reporters in Shanghai, the biggest projection sales in Metro City and Hong Kong Harbour Field collected Sharp and Toshiba products flyer, Digital China for the projector The virtual standard facts at a glance. .


The latest information, digital China Hong Kong-listed company reports a net profit fell 23% in the medium term, this indicates that China's IT distribution market is competitive, profit and the question is, can a company because of the intense market competition and a blatant forgery?.


2 vendors: fear the consumer misunderstanding. .


Digital China as a leader in occupies channel, whether it be technical data xubiao support or acquiescence? first exposures xubiao's Toshiba Marketing Department Mr. Hu in the interview, Toshiba have a certain understanding, but Toshiba and digital is a partnership, it should look for digital communication.


Sharp China's planning department, who declined to name the President told reporters that they know the situation of virtual object, and also very worried that this will lead to consumer confusion. The current sales to China does not convey accurate information to consumers, they also feel that this situation can not be left to grow. In January next year, Sharp will announce the implementation of ISO2118 standard in January 2006 after sales in China, the corresponding models of brightness and resolution were measured. Meanwhile, Sharp's agent to make changes in this area. .


The only manufacturers all surveys are not digital xubiao's the Menzies NEC miss more explicitly told reporters that the NEC product will definitely not be xubiao. For the same product indicators in kuanxing Europe and China. However, the trades that in fact, NEC has already xubiao official website. Ms. Myers explained that because each with kuanxing test out indicators cannot be the unifying values, according to global standards, more than ISO2118 brightness of 80 per cent of the nominal value of the product is qualified products.


3, industry associations: virtual standard violated the law or special inspection. .


Shanghai information appliance industry Association Secretary-General Wang Sung in the interview, regardless of whether or not the product of the real situation, as long as there is in advertising and in conformity with, the official website of xubiao has violated the related laws and regulations, and is fully accessible from the consumers ' interests in this regard to accountability and responsibility is not just a fake one and lose 10 is so simple. For further possible, said Secretary-General Wang, household electrical appliances Association can come forward to contact technical supervision and other government departments on projector product specifications for specific checks.


Digital suspected false standard of merchandise: 3M: brightness index unrealistically high. SHARP: lumens, contrast ratio unrealistically high. NEC: Although the Digital and NEC Chinese site is consistent with standard indicators, but does not match its global website. ViewSonic: there are unrealistically high luminance. .


For more information please read the NetEase blog http://yuanruhui. .blog. .163. .com/Sohu blog http://yuanruhui. .blog. .sohu. .com.


Digital China suffered tens of millions of claims why? February 16, 2009. .


Recently, the easy-to-use software CEO Liujia Yap-very depressed.


January 2008, he found his company to use the word actually appears in the trademark Digital similar products, not only the same name, but fonts are very similar. The end of 2008 dealer conference, Digital claims that the software is easy to use Digital's brand. Soon, Liu Jiayu received many phone dealer, ask whether the software is easy to use Digital acquisition, so that it unbearable embarrassment, the company's marketing also were disturbed. .


Worse still followed in January 2009, at the liujia Yap-e manufacturing "magazine, digital China 's" easy-to-use software "was officially named the magazine 's" new year edit Forum Award ", magazine" easy-to-use software fortress Edition "logo and easy-to-use Group logo is very close, which surprised many dealers.


Digital back in the conference to use the ease of use of the logo. .


After that, many find the liujia Yap-digital reflected, but ate a lot of soft nail, originally hoped "consultations", now had to litigate.


"We can only take the most radical resistance to the face of such aggression and so gangster logic, and so barbaric plunder!" QQ, to me his message, usually mild Liu Jia Yi looks a little angry. .


At first he told me to digital claims 1 million, then I changed the "tens", it seems that he wants to do something and digital contest.


Easy to use software is a financial management software for small and medium enterprises, Liu Jia Yi is easy to use software CEO, so introduce them to the official website:. .


"Focus on small business management software to large independent software vendors, always focusing on small business information-based, easy-to-use, simple, practical, versatile, close to the small business administration is easy-to-use software have been pursuing goal. Beijing easy-to-use software co., Ltd. comprehensive exercise is in progress! ".


I once joked with him that UF, Kingdee these big companies, you will have the market Why? He told me that they focus on small and medium market segments, there are great software great software, the soft underbelly. In my impression, he likes to use the trademark, "do have to use the software." Furthermore, he use the small business market share is also satisfied. .


Liujia Yap-attaches great importance to the protection, the official website of "full of fake" shows this determination. At the end of 2008, they fought the "easy" is the name of defending lawsuits, called easy would believe software company, in newspapers and on the website of the illegal use of the "easy-to-many times," in the end, they were convicted of "unfair competition", and publishes an apology.


Lenovo Group this year, the first time within two years of losses, and losses in 2009 Liu was also not optimistic. Digital China is to split out from the Lenovo Group, the strength is very strong. Digital allegedly infringing a bit beyond my expectation, and Liu Jia Yi's defenders also somewhat surprised me. After all, easy to use and Digital China seems not an order of magnitude, and their court, a toss-up, but I am sure, Liu Jia Yi defenders will insist in the end. .


Easy-to-use won and easy would believe defenders lawsuit, digital easy-to-use software package, easy-to-use software CEO Liujia Liujia Yap-Yap-, in shuyang software Summit and signed shuyang to the master agreement, shuyang software Park.


More information, please read the MSN Chinese net http://yuanruhui. . Spaces. . Live. .com / blog / business blog http://yuanruhui. . Blog. . Bokee. . Net. .


ERP in China: the first case the plaintiff was 200 million.


Reporter: If Wang Han, Liu Guohua, Beijing, Shanghai, Guangzhou reported. .


First, a 15-month ERP lawsuit.


2002 Spring Festival, is now assigned to the original Legend Digital China's Integrated Systems Ltd. and Beijing Chongwen District Court of three exposed plants in the economy under the auspices of the Court of Appeal reached in mediation: February 28, 2002 prior to the defendant side of the original Legend Integrated System Co., Ltd. Beijing 3 exposed to the plaintiffs paid 2 million yuan plant; February 28, 2002, before the prosecution management information system will MOVEX computer hardware and software (not including cabling) return of the defense (in fact retreated from the current Digital), thus the first domestic ERP implementation services from litigation come to an end。.


As the first "ERP case", this last 15 months of litigation to the implementation of the final payment of two million yuan service provider end, meaning I am afraid has gone beyond the "three-exposed plant to defend the legitimate rights and interests of users", "ERP implementation of the service miscues "and the simple fact that judge. .


Ironically, the Beijing Lu factory as a "success stories", so far still hangs on the case with this lawsuit is not directly related to the other party--have been exposed to Beijing three ERP systems provide factory server and database software for IBM's Web site, the page also references the then three dew plant ERP project leader bears for the people of the assessment: "MOVEX (Swedish management software vendor Yingtai Gorge of ERP product name) software integrated with powerful, Lenovo is the ideal partner. ”。.


In fact, at this moment, as the implementation of integrated service provider of the original association, the user side Beijing Mitsuyu plant, ERP software provider Intentia Sweden (Intentia) has already parted ways, and now three-exposed plants are re-launched ERP, Lenovo Lenovo Integrated Systems Limited has been transferred to the subsequent spin-off restructuring to Digital China, is still the implementation of management information services along the path. .


Three dew factory and the original Lenovo integrated cooperation began in March 1998, to the lengthy disputes the conclusion ERP implementation, has nearly 4 years sped up. This conclusion seems a little bit late, but the whole incident all aspects involved with as "the first case of ERP in China" on behalf of specific meaning, like, for those overwhelmed because there is no ERP or enterprise with ERP and swallow For those who make birth possible means to regulate or not regulate selling ERP software vendors, for those who are not right way or right way to do business and went around campaigning for the implementation of ERP consulting services provider, for all as ERP and mutilated or tears, and to those who objectively ERP products or services, or deification of the people to deepen, will be along the same path, different experience in my heart to find people willing or unwilling to show the answer。.


Second, fiddle around with the ERP. .


The original Lenovo integrative system co., Ltd. and Beijing Lu factory started cooperation with ERP and other similar cases in the beginning. Three open factory in 1998 was the original financial software difficult to adapt the management of large-scale enterprises, and the need to finance, procurement, inventory and other data for integration with a view to deciding on ERP. Lenovo integrative system co., Ltd. was Sweden Intentia ERP products and services on an exclusive agent.


Side is well-known cosmetics industry enterprises (the National People's probably all remember the phrase "see the big treasure every day," the advertising slogan), 1998 annual sales of more than 700 million, with more than 1,200 employees. One is the leader in IT industry, this "marriage" seems perfect match, like a fairy dependents, envy kill others. .


20 March 1998, Lenovo integration and signed a three-Lucie plant ERP MOVEX contract: on the implementation of computerized systems contract agreed three dew factory to Lenovo 1697297.50 Yuan. Where MOVEX software costs $ 786552.5; design and implementation service costs $ 67103.97; purchase IBM AS/400 charges $ 843641.03. In other words, at the time of the integration with the "general contractor" status is responsible for including software, hardware, system engineering. Under the contract, the implementation time for the April 1, 1998 to September 30, test run time is October 1, 1998 to December 31, the official running time is January 1, 1999, inspection time is 1999 March 30, the contract also stipulated a breach of contract: September 30, 1998 before the completion of the contract if the matter can not be every day extension, Lenovo integrated three-exposed plants should pay the full price five thousandths of compensation. .


After the signing of the contract, three have paid associate open factory integration includes the purchase of hardware devices, software, and related charges of $ 140, Lenovo's presence integration for three dew plant, the beginning and three dew factory staff for implementation. 然而，“婚后”的矛盾由此逐渐暴露出来——三露厂认为，在接下来的实施阶段，出现了几个难以解决的问题，首先是该产品汉化不彻底，操作界面和表单中有英文出现，致使员工难以使用；其次就是系统提供的后台报表和数据采集数据的方式不符合国内财务制度和需求习惯；第三，是软件实施商对软件不熟悉，没有按照软件厂商标准流程和实施方法论来实施，据一些当时参与实施的三露厂技术人员反映，由于联想的技术人员不熟悉产品，在参数的设置上出现错误，造成了一些表单无法正确生成。.


Implementation of the work to the November 15, 1999, decision of the three plants exposed top complaint to the Lenovo Group, Liu was sent to the emergency of a paper fax. Fax raised three questions, the first question is "not yet fully performed the contract until today, an extension of the loss of how to deal with." Under the contract extension of liability for breach of the provisions of this pay Party B has accumulated to 3.25 million gold.The second problem is the "future of the implementation of the fee paid by the who, because of the Association" to ask software vendors integrate Intentia as the project as a manufacturer of technical support, and software vendors have not agreed to not charge a service fee, so three dew plant pointed out that the contract has already been indicated the post-sale service system, according to party a party b requirements for software and hardware design improvement of partial function b permanent adjustment is to provide a service that does not charge a fee to the owner. Finally, it is to continue to fulfil the contract time scheduling problem. LIU Chuanzhi received a letter of complaint is, but three dew plant is clearly attracted the Association by fax. For this notice, Lenovo integrated direct response to its "MOVEX project team leader," Lu Gang on November 16 issued a facsimile, that disclosure must meet the three factories in the project well, place the implementation of the cost paid by the association integration first sent 3 exposed plants group recognized by the project engineers to solve everyday problems, including statements, account balance, then in the end of November to make a detailed plan and staffing. .


November 25, they held a three-computer Center Director Sun open factory in Beijing, Taiho commercial wholesale company reclassify bear for the people, the Deputy Director Wang Yu, Director of the Office of the legal system, Lenovo Samui integrative system co., Ltd. Deputy Chief Xiao Fang Chen and lugang et al. and Intentia company technicians, with the participation of tripartite meetings, aimed at solving problems, and promote the project.


December 8, Lenovo integrated factory made to the reason behind the three exposed Xiaofang Chen signed and stamped with the official seal Lenovo Integrated Systems A paper written comments, which referred to "specified in the contract Sept. 30 to complete the project, so far, 325 million have resulted in the loss of liquidated damages, in this great treasure to apologize. "In addition to the two sides in the contract to meet the implementation costs, after the implementation of the project will not increase the cost of implementation Lenovo, Lenovo will pay Intentia integration occurred in the implementation of consultant fees. If the project fails, the three dew plant has right to accountability.(This paper fax significance, in subsequent proceedings became important documentary evidence).


Blink of an eye to July 2000. The two sides once again experienced during the implementation, modification and localization, including software provider Intentia companies also send someone to the three exposed plants to solve some technical problems. However, due to localization, report generation and other key technical problem is still not completely resolved, three-exposed plants always try to run the modules in parallel MOVEX original information management system, but increased the workload of the staff. Clearly both sides have been in this for too long ERP implementation exhausted. .


On 20 July 2000, by fax to lugang again three dew plants in three views: the first is the use of VISUAL FOXPRO, MS ACCESS, front office software tools for the preparation of the report, to meet the requirements of the existing reports; the second is to use Scala Globe Series software replaces MOVEX, implementation of the project, the third is retained AS/400 system, the use of and better ERP. The above three options by Lenovo. 3 revealed that the plant side, it shows the other three points were already MOVEX powerless, it can be concluded that the project has failed. At the same time, they refused to accept the other three proposed solutions and signed a contract which does not match the original intention. .


After 4 months, both parties are always the number cannot be in the amount of compensation (three dew factory adheres to 325 million Yuan to negotiate on the basis of) how to troubleshoot system problems encountered in the implementation of the key issues. And because many futile negotiations, discussions, and atmosphere are becoming increasingly nervous system.


December 11, 2000, three plants exposed to the Chongwen District Court formally filed suit demanding compensation, the two sides will enter "ERP case" stage. .


Third, the persistent doubts.


In the surface, the implementation side, "throw good money off" soldiers of the cases, because of the complexity of ERP itself, and beyond the changes, not only has many did not fully solve the mystery, more importantly, as Case left behind many thoughtful questions. .


The first is integrated in the signature legend before commitments, "costing a compensation" as a matter of fact is on the implementation of the ERP cycle and risks and difficulties, as the forerunner, over-ambitious or overly keen to sign "the first single" in the North, in the three dew plants, are not fully aware of the quality of personnel and product implementation and refinement of the standard does not, the commitments to be completed within 6 months. And promises to provide service, not on a permanent basis to the party a charge, and provides the above services is a response within 24 hours.


Implementing the change itself is also a result of this case does not resolve an important factor in a long time. The end of 1999, Lenovo adjustment, the original integration into the Digital Systems, Inc. and changed its name to Digital Integrated Systems. In fact, since the association split, the original integrated systems company with the debt problems of all claims by the Digital side to solve the three exposed the problems caused by factory ERP has been resolved by the Digital China.Lenovo Group, a Senior Manager to clarify to the reporter, "this thing is not clear, Yang and Lenovo have nothing to do, because since 1997, integrated system that has been in the tube. Kuo ”。.


"Lenovo's integrated products for MOVEX not familiar with," is considered a separate issue, the three dew plant response, in fact, Lenovo's technical staff in the implementation process is also explored, leading to parameter setting errors, resulting in a form error. For "Product familiarity," this issue, the Swedish Intentia International Limited Shanghai Representative in Xu Yizhen interviewed said, "Lenovo integration as its exclusive agent then is from Southeast Asia through its training of senior advisers" .According to say that people said Yingtai Gorge, this project is to implement fail because no Lenovo integration is carried out in accordance with their implementation method for IMPLEX, Xu Zhen to reporter said in a written reply, "close to 4 000 items of the implementation process, we proved our implementation methodology IMPLEX can effectively help customers on time and within budget implementing MOVEX system successfully. "No matter whether the implementation methods successfully applied to block Internet, however, it is certain that, with the" product familiarity "is not only directly related to the implementation side of the association Zuowei Jichengyiji Intentia Gap is qualified to finds its implementing partners, with users side the expected ERP and business process and management of requirements and commitment to reform is closely related to..


This is a case in which another is worth mentioning that the issue is relevant, Beijing Lu factory some departments due to the ERP module does not comply with the habits and refused to use ERP, which is not an ERP three dew factory as top engineering "push enough? Xu Zhen believes that" there is such a possibility. " This goes back to the ERP is tailored to the issue of whether one size fits all, system and enterprise business processes and management practices is a match, both sides should have enough confidence and capacity for management reform. The three were exposed plant management are able to do it is a unknown problem. .


Fourth, the presiding judge's advice (reporter??s).


The implementation of this long-running after the court also took 15 months, after 7 sessions, mediation finally come to an end way. .


The proceedings of the presiding judge of the Economic Court, chongwen district, Beijing is the President of the Tribunal, money money Jun President this "China" in the first case of ERP and called it "in a nutshell is a contract dispute, but which also involves a lot of high-tech content, such as software, hardware, and so on." To some extent, the trial is the intensive involved because of technical issues, delays.


"Three out of the plant exposed large number of legal evidence, such as when business fax, letter, etc., Lenovo said in a lot of technical issues." Money to the President said: "But in the final analysis, the court ruled the case must be based on the parties contract, based on the two sides presented legal evidence. Who's the evidence fully, who would win. think of the trouble lies in his almost can not present any valid legal evidence to prove whether it is finished or not finished. There is an important evidence to the contrary, rests in the hands of the three exposed plants, that is, they were written recognition 'has caused loss of 3.25 million in liquidated damages'. ". .


The President pointed out that money in this case, the main focus of the dispute, these three points on three universal significance, almost every future high-tech enterprises and traditional businesses that need attention. The first is standard on the ERP implementation, whether the two sides according to what acceptance criteria, and how even successful ERP implementation? Although mentioned in the contract with the acceptance of ISO9000 quality certification standards, in fact, during the later parties in the dispute who also can not tell what specific standards; followed by the issue of localization, localization of the problem has not been involved in the contract, but mentioned in the description in the MOVEX Lenovo is responsible for the finished product, but what exactly to the degree of localization, the two sides is still no uniform standard; final question concerns the case of software and other civil and commercial cases, it is not simply draw up a contract。 Annex to the contract needs to have a plan, the plan must demonstrate technology suppliers are able to provide any service requirements, the proposal should be signed by both parties. Annex should also be presentations on the specific needs of the interface and functionality for both parties signature confirmation. Finally, the implementation of a specific process, every time you complete a feature that once modified, the implementation of a module, the parties must sign to confirm and, if necessary, or even to keep the computer in the site data for a notary, in case of disputes. If you take no technical evidence of the law in case of dispute, both parties are actually very difficult to prove that they are right, the case of the association is such, it provides the plan, presentation and implementation plans have not been Both sides confirmed that the evidence would not have the force of law - of course, if the association can not prove that they have done so, the three exposed plants also can not think that is not what to do. .


"Any computer software users in the operation of the trial, or will amend the requirements. While these changes if you do not have a signature confirmation cannot be used as legal evidence. "The President reminded all the money in high-tech enterprises, in the future business activities, particular attention to the evidence obtained, the software dispute must learn how to protect their legitimate rights and interests. First contract to set very strict, and second, any process is completed or not to the parties signature confirmation "However, once you should strictly follow the principles to be implemented, work is more, this is the trouble with high-tech cases. . ".


"Overall, the final outcome of the conciliation of the parties is satisfied with it. "In this case, because the facts are clearly accountable, bearing in mind the long-term benefits and the handling of cases, Court of Justice to promote mediation. "Whether conventional or high-tech enterprises, disseminating consciousness must be strengthened. "The President gave her money, said:" from the contract to implement the process in the process of identifying, communications, and if you are not careful, it would have to go in the future, will suffer. ”。.


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Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal information click on the document and then click open my documents after Lenovo digital download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.


Expose the truth: for the well-known trademark of Digital China led the students out of school. .


In the autumn of 2008, this environment only. The outbreak of the subprime mortgage crisis in the United States would not have much impact on the overall IT industry in China, in addition to the Lenovo took advantage of the CD, strictly speaking, Chinese IT industry, but also in development. Digital China Group is a stable sat Diaoyutai. The reason why they sit Diaoyutai, is not to say that they know how a background, but the fish you can catch fish. Induced to borrow, digital China chose an honest to catch the fish, the fish was not intended in itself. But as the article may be stripped of fish with a HEK.


Started before the steps necessary to pave the way things explain. .


Digital China Group is a digital network, the company has two, one is the best selling network equipment; another is to engage in training. Originally, digital China since the beginning of the 21st century opened up, and now also toss the small 10 years, but until 2008 before suddenly found! Laozi had such a long time, award-winning, but "digital" is the official confirmation of the "China famous trademark". There is this idea of buddies, estimates are subject to a few months ago because the milk powder incident was halted by so-and-so "national products exemption from quality surveillance inspection" certification of stimulation.


Said a pound. .


They quickly found for China well-known trademark thing there are two ways, first Secretary of the road, take a very long time; second, infringement of an event occurred, the Court found a trade mark is a well-known trademark, this time relatively quickly.


What kind of business can become well-known companies? Always do - the business-like way I know the way for private personal matter and I know, but official private office or private-run I know. Harden the black hand, can become a generation amplifier. This statement is absolutely neutral. Without the slightest irony. Itself became a "successful business" in the default behavior. Do are part, well it is very likely to be present for the genius. Of course, quite creative. With Digital China's influence, or that their influence behind the influence of a district court's decision should not be a difficult thing.Note that "should not" the word, this is an obvious only appears in the planning stage of misleading terms. On occasion, planted in the reorganization of the wise, never less than 74 zhanglingfu. reorganization.


Soon, targeting - the liberal international education. .


Soon, a good reason — infringing uses a digital brand.


Soon, the evidence collected - a certain period of day, what did generalists. .


Sue! 9 months of 2008, a paper petition delivery. But only until December, judgment, and immediately get a well-known trademark.


I have reason to believe that Digital planning is a very good lawyer and very dedicated. In this means, the liberal international education seems only to be left out of the entire die. Numerous are evil. So one day I happen to think these people mean that the square of the undercover? . .


I remember when I said, being a party to the often slow, naive, compromise, and even don't know what to say. Liberal International education so precisely. Supposed liberal international education cooperation with digital China only a course. The course or joint development. A contract is an agreement, does not seem to be so passive. But the liberal international education in order to be able to continue cooperation, horror, do not make the slightest resistance. They do not even have noticed that the other enumerated those "infringement" of the event, each piece is signed by at least three other confirmed to seal the premise. That is, lawsuits are really hearing their hands, hold the evidence can lead to win - a lot of signature authority. Persimmon picking soft squeeze. The deadline to the International Court of generalists is 45 days, a half months to collect evidence before the court. Liberal international education has long held that this was a non-lose is not the case, so there is no upper center court requirements. .


One-sided situation appeared. In digital's trader's eyes. Have things changed because there is a strange figure. You can say he's an idiot, but I believe that this time, his identity is just evil in undercover.


With a strong desire on the interest, This guy (the time being to GUO manager) may be too hope that a lawsuit will not encounter obstacles, and he has passion, vision, imagination, positive sights on the defendant. GUO manager detailed explanation of the liberal international education to do all the causes and effects Digital, from planning to implementation of the 11 said. Of course, he did not forget about the threat the defendant: If you do not win this case with us, we will cancel all cooperation with you. Of the liberal international education, the abolition of co-operation means that the company's efforts more than a year completely destroyed, millions of pre-investment for naught. .


For more information please read the Union space http://www. .myspace. .cn/yuanruhui blog http://blog. .myspace. .cn/yuanruhui.


Digital China for well-known trademarks gate fire, affecting hundreds of students living on the streets. .


Apply for a well-known trademark, there are two ways, one is through the Trademark Office for Commerce and industry, time is about more than one year. Another method of comparing vaginal lesions through prosecution of an infringement of its trademarks, with plenty of evidence to the Court as a well-known trademark. This method of comparison of nausea, though time will be shortened considerably.


September 2008, the domestic well-known Digital Group formally charged the agency of a NTP Digital Network DC program partners generalist international education, in order to obtain well-known trademarks as soon as possible certification. Because there is no operational experience, the whole thing numerous loopholes flaw. Also lead to dozens of students to play in front of Digital China Building, banners protesting the extreme events. .


One of the biggest flaw: the Liberal International Education obtaining relevant trademark contract is still valid, in the case of a legal contract, subject to national law. Digital China to cease cooperation in favour of the threat, whether lost, is the complete cessation of cooperation. It is very boring.


The second flaw: Digital confessed, recording documents widespread. Digital threat to general education conversation, telephone, was a successful general education record, I believe that soon we'll listen to the major sites all the details. .


Campaign 3: Rob equipment base. Digital China management personnel, to go with the first floor of the Office of the general education partnership partners with the intention of winning office equipment. Was expelled for security. It's well known shenzhoushumadasha. Biography of mockery.


Big mistake 4: Digital encourage students to prosecute high-level general education, and willing to openly claim that the cost of litigation and prosecution issued Digital Certificate students, this was the collective conscience of the students opposed. Digital word of divergent ignoble curse the extreme. .


I kept saying to do corporate responsibility has always claimed to be the social conscience of digital investor, Mr. Liu know what ideas! after several dozens of students on the street, do you really think that digital society is harmonious, need to be more regulation!?.


Please read the payment details online http://g. . Cnfol. .com / yuanruhui blog http://blog. . Cnfol. .com / yuanruhui. .


Digital China to well-known trademarks to unscrupulous?.


Now pop a lawsuit, but the purpose of litigation varies, some people are the victims, some people are beneficiaries, committed intentionally, when the benefit is bound to harm the interests of others.Digital China is used so unscrupulous ways, to the well-known trademark, and liberal international education, because digital too dirty, general education is not in accordance with what they do, so digital unilaterally withdrew and liberal education cooperation, dozens of students paying without class, the poor, a number of these fees would be network engineers, get a good job, which didn't finish zhixue, digital China before played off Division, it is said that a liberal education are forced to give students.


Digital China's aim is to make it a well-known trademarks, the interest from the business perspective, it is definitely the unscrupulous, and perhaps general education through the lawsuit, and ultimately will not be much harm, as long as they were all clear how the matter , also line up. The most poor students? Such a waste of money and effort to learn them nor can be, the delay is not only time, but also after the Road to Success, even in their future work and have a direct impact.Since it is a commitment to the students, they become what kind of person, you should try to achieve, the future of young people than anything else, this is not a student, are dozens of Ah. In fact, there are dozens of them back home.


Now think about how students learn is not easy, but a lot to learn and pay the fees, perhaps a few years the income of poor families, which would like to have achieved to find a good job, and alleviate family burden of students, their hopes dashed , and there is no local school, and who will bear all the losses? No matter to what end Digital China, or whether it have anything to do with the general education put correct, I think the first thing to consider is not their own interests, but the object-oriented service and educational objects. Think about this well-known trademarks have been unscrupulous, what use are they? Just as the capitalists have a wealth of behind the blood of workers as。 This world nothing is secret will someone clearly say these things, I believe that by that time, digital China is going to be a disgusting brand. Shopping malls such as war, many people talking about this, but there is also a fight on the battlefield, they kill the enemy, not to hurt people, rulers are aware of the people is water, if there is no basis for all water rule does not exist. Do not know whether the clear digital China, only their services, and make people happy, it's a profit is the long-term consequences of only about their own feet. How will things progress in the end, we will wait and see, and I do not know what the relevant departments to give these students a statement. .


For more information please read the upland personal space http://i. .xilu. .com/yuanruhui blog http://yuanruhui. .poco. .cn.


Mr. Liu office under the "Digital mass incidents." .


November 10, 2008 at noon, LIU Chuanzhi, Office building of the "digital communities".


Olympics ended, many things seem to have concentrated on the surface. Whether milk powder incident, or assaulting the trial Patrick, and new police beatings that occurred, the Shenzhen police and so on around, but this day in Zhongguancun Information Centre Raycom groups, it seems to lead a new class of group event. .


From a few days ago already occur in the same shenzhoushumadasha front groups, students of the contradictions are not concentrated in Lenovo LIU Chuanzhi instead and Association investment digital group. Specific event turned out to be a means for the well-known trademark. The original Chinese well-known trademark thing there are two ways, first Secretary of the road, take a very long time; second, infringement of an event occurred, the Court found a trade mark is a well-known trademark, this time relatively quickly. Therefore, Digital China Digital China Group, as soon as possible in order to implement the well-known trademark, sued the outrageously versatile class to students of international education, regardless of the legitimate authority of others through formal and signed the contract. .


For more information please read the Oriental Fortune http://blog. .eastmoney. .com/yuanruhui news http://blog. .bjnews. .com. .cn/? 23073 blog.


Seen by Beijing on Tuesday, the Digital Students protest in front of a small building in mind. .


Occasionally shenzhoushumadasha last Tuesday, I saw several people with the banners. I also think that down the road a programmer looking for work means upgrade, stop watch, I KAO! banners wrote: "the digital big company, IT can't hang students" to go to the other side look, there is a "digital network company, I have to go to school! I academic!" my heart said it wasn't big games just one or two months, if you so not harmonious things?.


Asked to fight off a slogan of the students knew, Digital Networks, stopped the course to their agent to do all the liberal international education cooperation. Books do not sell, but also with people trying to snatch other people's computer! I see guys talking very young, Sheshi not deep, these things should not be fabricated. .


I faint! digital China is so big a company, not to eat the rabbit also grass edge, Wo, what with his building partner. I would also like to ask the police arrived, the students went to the floor. Afterwards, they had a meeting, Conference, digital, a man should say: If you and ten people together to prosecute general international education, digital China to you out of money. Graduated license to Ah.


Please read the details of the End of the World Community http://yuanruhui. . Blog. . Tianya. . Cn blog http://yuanruhui. . Blog. . Techweb. . Com. . Cn /. .


Disgraced lost abroad! digital out-of-school doors on facebook "Mr. LIU Chuanzhi, clean Portal".


Dozens of students on the ground before pulling up banners Digital China Building, the matter is not resolved. China Digital eager to get as well-known trademark status, and malicious prosecution of the same office in a "general international education." Do not send materials to snatch equipment, resulting in nearly a hundred million to pay the tuition fees of students on free courses available on the. .


Later, the students to continue the Association Office, resulting in the banners of the security breach. Now, students looked at things seemed to be no better, no digital any fear, and finally the pictures of FACEBOOK.


Please read the details of the global online space http://cblog. . Chinadaily. . Com. .cn / port / yuanruhui / Beijing News http://blog. . Bjnews. . Com. . Cn /? 10704 blog. .


Digital China respond to interrupt event course trainees.


IDG Nov. 10 news recently that someone posted in the forum, said Digital China for international education and training institutions liberal disagreement, resulting in scores of students in academic suspension. For the above, Digital clear that the theft of their liberal education in the name of international recruitment, is also a versatile interrupt their studies due to international education has nothing to do with Digital China. Digital China for the above acts will retain the right to pursue legal consequences. .


Forums that are forced to interrupt their studies.


Recently there have been reflected in the forum users, and students to participate in its digital network throughout China, a NTP program DC abrupt end to their school's "general international education" has been canceled and Digital Networks, all co-operation, if the students sue to " liberal international education ", Digital China will bear all the costs. These people also reflects the leadership of Digital Networks and suggest them to prosecution if they continue to get international certification issued Digital Certificate programmers. .


The participants also pointed out in the Forum, digital China sued liberal international education in September this year, because of the digital group in order to apply for a well-known trademark, to cancel the cooperation for the generalist firms cope with them hitting a trademark infringement lawsuit, so that the Court found that the digital as a well-known trademark. The student said, "the liberal international education on the spot to us broadcast digital aspects of the recording of a person in charge, said the event in detail. This recording, the presence of dozens of students were heard. International education is not liberal to do in accordance with Digital China, Digital China was unilaterally tore up the cooperation with general education, resulting in dozens of students to make payments but we do not have class, we had to protest in front of Digital China Building. . ".


Digital China will pursue the perpetrators.


For these events, Digital issued a public statement later today. The company said that since 2008, Digital China gradually found a company called "generalists Beijing Shenzhou International Education Technology Development Co., Ltd." (hereinafter referred to as "general international education"), the use of "Digital China" trademark and the "Digital China" in out recruiting on behalf of students; Digital believe that this act against the "Digital China" trademark. For the protection of "Digital China" brand exclusive rights, in August 2008, Digital China official to "trademark infringement" on the "generalist international education," filed a lawsuit. .


But waiting for substantiating the network post mentioned in the "members" protest events. In fact, it is "the Beijing China liberal international education technology development co., Ltd." directly accommodated these "members" and to "members" to charge a fee. Therefore, the disputes should be "liberal education" with participants of international disputes, and digital and Internet companies have no direct legal relationship.


As the serious inaccuracies in the dissemination of information has to Digital's brand image and the normal operation caused serious interference and damage, therefore, Digital reserves continue to pursue "all-round international education," the legal consequences of rights. According to Digital personnel, the company will not be directly involved in training, will not participate in recruitment and will not be charged any fees to the students. According to his understanding, the current students affected by this incident has resumed classes. .


Digital education a cheat, tricks, recently criminals "employment-based education" in the name of the digital education recruiting is one of them.


Please read the details and information network http://mryuanruhui. . Blog. . Hexun. . Com / blog http://yuanruhui. . Blog. . Hexun. . Com /. .


Digital out-of-school door distributions: a week students haven't class!.


These are published in the Tencent Digital technology statement. Compared with the file is murderously hard to imagine that a strong statement on the Internet only stayed less than 24 hours to be removed. The reason is simple. Digital lied. .


Please read the last sentence, digital China's personnel revealed that "at present is affected by this incident has returned to school students." I am an "under the influence" of this event, but the students this week, I didn't attend any possible, stay with dozens of students, have no class.


We learned "Digital DC-NTP course", because the curriculum demands, must have the appropriate network equipment can class. This is like the driving school must have a car, a technical school must have the same machine. No switch, no router, no gateway, we have no means class. These had in our classroom where things go? The answer is to be Digital took. .


I don't know what they hear about us "is back in class." This kind of silly lies just weak.


Please read the details of the Chinese courts Network http://blog. . Chinacourt. . Org /? 11020 radius of the rule of law http://yuanruhui. . Fyfz. .cn / blog / yuanruhui law blog. .


Shenzhoushumadasha gate, surprise-school doors student!!!.


Students wearing T-gates, with a school shirt, a picture is not clear, which was written out of school gate - carrying a security license, and if by the security that is estimated to be snatched away from machine. .


A foreigner asking students who drop out of school door, seemingly to the translation of a suit, very embarrassing shame, last digital out-of-school door pictures was the outside Obama campaign Forum, this time eh, my feeling is that if I were in digital have wanted to find a hole drilled in..


Please read the details of Fenghuang Wang http://blog. . Ifeng. .com/576685. . Html blog http://blog. . Ifeng. .com/1493852. . Html. .


Digital China well-known trademark "door" amid the crowd what they are doing?.


The last time, the students pulled up at the association office under the banner, let Liu have no place to pay the school fees of students who call the shots. Results Lenovo Group banner was torn and trampled underfoot security. Today, the poor students braved the cold northwest wind cooling once again to the Lenovo Group downstairs. They have not wave banners, they wish to write in the clothes. .


For more information please read the Chinese net http://yuanruhui. .blog. .com .cn .china... expert blog http://blog. .china. .com .cn/sp1/yuanruhui/.


In front of foreigners, Digital China is the way to keep people true colors. .


About digital delusions made by malicious prosecution of partner countries, well-known trademarks, and believed that the majority of Internet users in our students a few times in the group are aware of the event. Last Friday, we and the normal ("normal" this word, it is very unusual), please write "learner" critic as "t-shirt, before coming to shenzhoushumadasha. This time is about 8: 40, also a bit shenzhoushumadasha security. Because we keep a certain distance, they watched us, that's it.


We wrote a character wearing the clothes stand 20 minutes, then you feel so cold, so freezing cold not have to stand. Walk around the building say the results just came in the side of the floor, have the students suddenly found police cars arrived. But the police did not immediately close to us, but afar off. Later learned that day that there was actually alien to the Digital House guests. .


What foreigners in shenzhoushumadasha we are not clear, but the police did go to noon, we went to dinner, had just sung a good meal, just want to sit down to eat, mess tell the security, the police came. It took us to the Security Department, let's go with the meal.


We are paid a fee, Digital China Building in the basement classrooms of formal trainees. When police began to say that we break the law, and later on check our ID cards, not been brought police station went on. 18 students to the equipment brought in a police car. Police is very small, at most 10 people can be installed, but installation of our 18 students, has been open to the police station. .


Later, we understand that the police is the delay time, they have their own difficulties. Digital partners so that the police then?? in the police station, the police have been scared we reluctantly, to a police detention, said: "today we can detain you, but you encounter on the station, for your sake, even if the future today! don't think that we couldn't catch you. "Find a meeting room and let us sit, but also nobody us!.


Then we left and said to eat. So we went out to eat, and police later told us that you do not go say hello to them. We are all formal education, we do not want and the police as enemies. Police are also aware of our grievances, may be worried about the day to see the impact of foreigners is not good, only such an unwise move. .


Yes, the purpose of achieving digital — foreigners may not see, go. However, all people of conscience realized. Digital China, you have no conscience..!?


Please read the details of China's net http://mryuanruhui. . Blog. . China. . Com. . Cn expert blog http://blog. . China. . Com. .cn/sp1/mryuanruhui /. .


Good people! how to deal with digital China should be?.


Digital China to delay, while the paralysis you. .


Paralysis of you, is promised to you, give you hope.


Delay is to let you slack off, not a lawyer, do not collect evidence, resulting in you in the December 1 hearing on the prosecution of General Education Digital lost a copyright infringement trial. .


The students still have no class. Your interest or disregarded by digital, a digital quick success and instant benefit of victim. Since the students spontaneity to digital elite company public complaints, Lenovo Group Limited, the resulting merely associative and digital of shirk and escape.


Good people, poor students, you forget What? Lenovo claims that name is Tang's "vice president", to lead to the meeting on behalf of your room, immediately disappeared, replaced the company's manager of security threats to you. What you forgot? You please, Mr. Liu banner of justice gone to the security office by Lenovo Group trampled to the ground! . .


Good people, a lawyer!.


Digital China to sign the contract with you, good order, to see how they ask you how is your false accusation? . .


Put your recorded digital leaders threaten discourse is ready, it's important for evidence collection.


Those of you not willing to video sites, on the court to all out. .


Put your loss of inventory ready for the loss of hard-earned money no waste, anti-suit digital China must take back an embodiment.


Digital China to see the people you rob equipment, to encouraging students to sue all of your exhibits ready for witnesses in court, let the words from Digital rot. .


The students, we have no reason to wait, we have made more money for school fees, we at digital brands, but this brand do? they robbed us of the machine, ask us to give us a false accusation class teacher, this brand has stinky.


General education, you will not be too weak, we have already made their own efforts, you have beautiful land in the courts of winning a war. .


For more information please read Baidu space http://hi. .baidu. .com/yuanruhui blog http://hi. .baidu. .com/mryuanruhui.


Digital drop-out doors to see who give students a view? . .


Digital China recently very "fire," because a "dropout door" events. Rather than digital also "fire" are those who pay a fee in the street without learning to students, who do not want to pursue their education, finding a stomach gas. Here all of a sudden the digital money to make money, why to give itself a controversial on education to clogging up?.


From this incident, we can see that. Today in the mercenary business, and some private education but in the cloak of doing the business of making money. The eyes of a little interest, but it is kept off of education. Talk about integrity, how to educate a say? Is simply a disgrace face, but promise a big Mainland companies, the event Can not find proper ways to deal with on it? Merely a time of silence. Implying Diandaqike also can be used in education? The follow-up to deal with matters related to the network seem to do those students without the wait."Digital strategy to force a hundred student drop-out" from such an event, we had to see these pseudo private education features.


One quick success, eager to make money. Private investment in education is a long-term investment, its benefits should be reflected in both economic and social benefits. Students did not complete a course, Digital did not hesitate to well-known trademark, withdrawal and all-round cooperation in international education, it is not by education law. .


The second is a legal concept, not weak, lacking integrity. Evidence clearly proved that, but press releases, to disassociate and liberal international education and cooperation. Disclosures by the students in the community have had a bad influence, to the detriment of the overall image of private education.


Third, internal management is not standardized. Digital feeling for their own selfish interests, a "family" management, decision-making arbitrary, leading to adverse effects occur. .


But the above points in that time the school door event always fully exposed. Students? who will give them a reasonable statement? digital how can remain indifferent?.


Please read the details of the original Chinese blog network http://mryuanruhui. . Blogcn. . Com / net is Beauchamp http://yuanruhui. . Blogcn. . Com /. .


Digital out-of-school door latest progress — an open letter to Mr. LIU Chuanzhi.


Dear Mr. Liu:. .


Hello, in this way to write this letter to you, as a last resort, because we have these "little people" who have no other way can let you hear our voices can only with the help of the network, the expectation of this powerful Internet could be the letter I sent to you.


I am a generalist in international education teacher, for "all-round international education" is the name I think you should have no stranger to it.. .


Last August I with digital that IT had attempted to trust and respect to the seat in my eyes had filled with angry shenma Tower, a digital one employee, then liberal international education or belong to a network company, we have a few of the early employees also had been recruited in the University network, we have the staff badge shenma, shenma consistent corporate mailboxes, Office locations and network University together with the three-story building shenma. Later, this project after several hardships experienced several ups and downs and changes beyond recognition, we also staff from the Digital China in March this year, only to become incorporated in the Beijing Shenzhou International Education Technology Development Co., Ltd. generalist staff. Seeing the way the company so hard the way, the bitterness and pain of which only we know. We are not afraid of the difficult business, setbacks and failures we can hold on, but the thing that makes us sad and sad is that every frustration and suffering were all from our most trusted and most respectful partner - Digital China.We just want to get down and do something, but I didn't expect such a step! we are proud to provide students with information about the evolution of digital brilliance, we sincerely to instil in students the digital nature of the enterprise culture, we are careful to protect the digital branding, maintains a digital image and dignity to be digital and betrayals, go!, but, for the sake of our cooperation, in order to cause our hearts, we couldn't help but then couldn't help but this time we really angry!.


Only to a well-known trademark, it is necessary to cope with life, we abandon them? Although the size of our company in terms of not compare with Digital China, but we also view the brand for life, we have our own dignity and principles! We are also using their own efforts and the efforts of students and society today in exchange for the recognition! We have been in a serious manner, rigorous teaching, innovative ways to practice our "to do the most responsible education" promises.In our eyes, liberal international education is just like your own children, we hold him step by step walk hard, we watched him grow little by little, he was bullied, we will stand up stand before him, he was forced to when we will shoot to save his life, and shows its face hurt him! please do not underestimate this probe which fury!..


Just hope they can take over complete responsibility we can not continue to let our students can continue their studies, to realize their original dream, would be so difficult? . .


Digital was to the construction of a school? now faced with those around them and their hideous and out-of-school children, they can someone say "it doesn't matter" with us. Does digital so-called focus on education, people, social responsibility, originally only compliments?.


I thought it would not you want to see! Because you have these young students are heroes, because you have inspired countless people are fighting hard in the example! Students must also be out of your trust in justice ask you to come out of. If you are willing to spare some time to properly read the posts by the students, if you are willing to look at our submission to the court that all the evidence, if you can listen to some charge of Digital recording of a conversation, the truth In fact, hard to find! . .


Today, I would also like to write this letter to you, because I still trust with you, our students are also trusted. We don't want you a foul so ruined that few consider only selfish little hands! maybe in your eyes, we are just a bunch of ' crackpot idea little ants, but we each have a "better standing kneeling faith!".


Please be assured that we write this letter of faith! I and my students are waiting for you, looking forward you can stand on an objective and impartial justice still we also do justice to the students! An educational mission as a teacher. .


For more information please read the original Chinese blog network http://dryuanruhui. .blogcn. There are Bo .com/net http://liangyuansi. .blogcn. .com/.


Back to Sohu in an already deleted a conscientious reporters after posting. .


I would like to thank the reporter, I is the conscience of a liberal international education teacher, see these innocent children experience my great heartache, but with the digital giants, we are so tiny and helpless, we are only able to do is to accompany the students until you see they have a good end result. However, in China's long road to good, yesterday the count had million posts today has nowhere to find it. Instead, even more outrageous is the response of Digital China, the fact that not even dare have admitted cooperation as far as saying we are stolen in their name in recruitment, as far as saying the students interrupt their studies related to them. Were shameless enough to be nonsensical, if the point, then we really Sigh. In fact, as long as the media or journalists to take a been here, they lie on the go too.Our digital building, if we dare in their noses "steal" their brand, "steal" their name in the external recruitment of up to one year, if we dare openly their noses to dozens of students on his digital curriculum, if we dare in their noses "steal" their printed materials and openly to the students, even if we dare their noses privacy seal of carved shenma, forgery of bilateral cooperation agreements, forged their authorization bronze medal, that our guts to talk energy really worth it for all to admire, digital China bureaucratic and incompetence that more people in the world "admire"! . .


Today, legal daily journalists has arrived, we welcome more little conscience of journalists to come, we will let you see the truth, we also hope that everyone's concern, let our children get a good placement. In a strong, we are a group of weak, but we are not afraid of power, we will not be power down, we believe that fair, we believe that this world will always be able to make our argument!.


Please read the blog details commune http://yuanruhui. . Bokee. . Com / blog China http://yuanruhui. . Vip. . Bokee. . Com. .


Digital out-of-school door, b how to become a wise guy?.


An open letter addressed to Mr. Liu, began a complicated and confusing the "school gate." The letter to the words again and again weak weak with their own complaints. Since it is a partner, how have to use that tone with the people to speak up? And read the full text, Party A and Party B should be true for students and Digital China. I remember many times we all know, the Party is the direct beneficiary of B tend to service. Digital people in their operation, even one of Hua Lili turned themselves into the Party. This really feels incredible. .


You can refer to relations between students give money, digital learning, and other related services provided. As a general international education is a fleecing the digital tools. Although this doesn't sound good, but from the description of the event, I had to come to such a conclusion. After all, the floor is digital, capital operation should also be monitored by digital in their operation. Information about this from the "digital strategic failures caused by the students of school" can be supported. It's from here, we want to. If we take a knife to kill. The Court can decide that a knife was guilty. Obviously, this is a joke. Extremely funny jokes. Students can be no class, this is certain. The students originally belong to their "manager" subjected to harsh treatment it is also true, the students from tearing up the banner of the picture of security information can be concluded. Well, it is easy. We can identify Digital is the school gates of the first responsible person. .


While the first responsible person why no reply? students because they are busy, busy? we can see the message is that busy himself to participate in the selection of China famous brand. That is, the student is also a cost. Does not provide b-related services. The students are not learning. And do not properly handle the events. It is the responsibility of a push to the liberal international education. Thus, we saw such a letter. Let us not ridicule this money doing nothing. Talk about a real case. If you go to McDonald's food. Do we have to wait for the money they pulled clear what employees eat? Obviously, we will do two things: one, take the money and run, 2, scolded her repeatedly put the money and run TMD. However, it is now increasingly driven by the students. But that money? . .


Is digital. The money I paid to employee? take a cup of coffee to the veterans? this is a very logical nonsense. Digital up to now no moves to the students. Holding a pair of none of it matters. I shall not sincerely said: I rely on that Grandpa when with her grandchildren.


Please read the details of Netease blog http://yuanruhui. . Blog. .163. . Com / Sohu blog http://yuanruhui. . Blog. . Sohu. . Com. .


Digital out-of-school door, petty of moral decline.


School, everyone should experience the stages. Academic life through access to a certain theory or skills, this should be is the fundamental purpose of schooling. That being so, the purpose of running it where? In this market economy, N years later, we are not too vague to afford to dream of teaching and educating reason. That at least got to a little under the market economy, how much how much money to do things right. However, why take the money does not work there, and everywhere Selection Committee? This situation has certainly chilling. .


Burst on digital out-of-school door event, let us have a new look at education in economy suffer. Fundamentally speaking, indeed. Commercial interests is due to the existence of what exists, but I distinguish traditional commodity. Does that mean that digital original is going to charge money for this? I believe that for a known brand companies do such things. However, since dry out. More or less have to say the point 123. However, it is, however, we do not see anything. Or a group of students everywhere scream, the solution should be very simple. Rude thing to say, or refund of compensation or resettlement good student. This is not to solve the problem? However, they delay, the shirk. Why is this? . .


News, because digital recently participated in the China famous brand. By the way, this should say to the point. For the period related to the negative does not appear. They simply ignore the do not ask, or was killed not recognized. In this way delays. I don't know what a brand is the so-called Association awarded important or popular support more valuable to them. However, it seems there is an economy more funny things. Is a brand value to add certain marks, it seems that when out of Asia to the world. As such momentum that, but why the correct attitude even admit no out come? Yes, interest. Interests of the trend. .


The tuition fees, or the operation of many years of digital. Why this petty can on moral indifference or traditional thinking. Chinese face telling sign. If recognized, as if it were your own brilliant effects. In fact, wrong. Anybody made a mistake, but if you want to know. If this point, how about Enterprise? how about brand? big is moral, young said. Or a coin to definitely.


But no matter how you earn your money, Ping Sha innocent to a group of business students to the games you pay it? Is because it is brand Why? I - bah. .


For more information please read the Sina http://blog. .com .cn .sina.. http://blog./yuanruhui blog .com .cn .sina..../mryuanruhui


Digital door from school to see the brand to pursue. .


If we say that digital is a brand, I think some people would believe it. After all, there is a place for it in the market. If the digital out-of-school doors is a big disappointment, I guess some people will believe it. After all, how much of any one company will meet this or that problem. For such a thing, you can understand. Is not so rare outer. However, digital China in dealing with this matter, but as the author is not. Information from the network, the digital display on the selection in order not to affect the Chinese famous brand. While a paper petition put a liberal education to point clearly.


However, the real points clear? That is my thing. In any case, we should be concerned about the main subject of attention on the event. Some people say that Digital China, was said to be generalists. In fact, the real subject should be a student. We should not be to analyze who is in on. After all, it is a commercial thing. How business people certainly will not be about those of us spectators. Our concern is that students who need to go to school students.Does the case is not solved in a day, the day did not distinguish between duty, students continue outside the classroom when the tramp, but who they charge tuition fees? mention simply spend time and effort. As you can imagine, many enterprises are accustomed to cover up, or is shirk. Out of the things you're looking for is not a treatment approach, nor is the solution, and is used to look for excuses to justify. However, this excuse and reason. More even in the event of a fall guy really convincing?.


When the reason and excuse to have to find out, scapegoats are found. However, things are really dealt with it? Treatment finished? Who can think of that. Are these things that can make their own brand without any damage it? For example, Digital China really can use a paper petition to protect their brand image perfect it? Wrong, wrong? Wrong attitude. I believe that any business for the crisis response strategy to a certain extent. This strategy is not just in the form of case processing. This is among the most promising approach is not. After all, people may have a case inextricably linked to the complex. Case is equivalent to trouble.Even divorce have a mediation session. What's more commercial. Do a clean break is really the spotless. After all, from things, not just as simple as divorce. Because I have the responsibility of the event.


Student's academic or not the main line of Digital branding, but, after all, Digital China has at least had this line. But now, do the this line is not obvious on the cut? Do not say this human touch and so on. But this really should not be a mature enterprise business practices. Pursuit of its brand has gone wrong. People watching, do not know whether general education should also read the letter saying. Digital China is still want their well-known brand in China. However, the students, when the availability of schools can do? . .


For more information please read the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. .com/blog/business blog http://yuanruhui. .blog. .bokee. .net.


Digital school door, then point out the thing. .


Speaking of celebrity, that naturally think of brand-name. Recent digital of MA students seemed to be saying. But that hasn't been said. It is difficult to know what he is. But you can see the letter, and the letter of the hero is how to think. Write what is supposed to be a liberal education. To MA students, under the brand name is not ready for the digital China famous brand. Kind of like personal stand out-of-school students in this matter, said said. It might as well, the impact of the digital process of the brand is, as was a paper petition. Some funny, but the direct victims of the letter, which is out of school the students had never received an explanation. Return the security to pull a banner tore up. Obviously, this thing Digital attitude is. Students go, and the brand first. Have to imagine that perhaps the graves on Liu students are being greeting many times. Obviously, this tree attracts the wind with what it does not matter. But the big move criticized the shelf. .


Why should you call? this is not without reason. From its behavior, and then refer to such things, what brand is the behavior of Chinese famous brand is scolded. Public resources to the enterprise provides living space, the enterprise to society is the jobs, tax revenues and the associated social responsibility. Obviously, the jobs do not say, from digital China sued generalists can be seen, some jobs provided however is guilt Lamb's role. Then again, tax data, but do they contribute, in conjunction with the school-to-school is not difficult to see. Their effective use of the measures to reduce the costs and give yourself doing free advertising. Would also like primary schools, free? Tax credit for it, why do not the students that takes the money and placed it? Out how not said for a while? . .


Then, digital China's social responsibility. This is a separate said, because in the event the most specific embodiment. Students are not learning to last, this is a set of facts. That's why not learn to? this is what we want to know. Why not proper placement, this is what we want to know. But they haven't said. Is not to say, or say a child ugly to also confirm. We only know that students also looking forward to. Digital China there broken things, they don't say, only God knows. May was recently busy watching TV? it's hard to say.


Please read the details of the CCTV network http://blog. . Cctv. .com/html/07/925307. . Html blog http://blog. . Cctv. .com / yuanruhui. .


Many hope school, you can cover up "digital out-of-school door," the wretched?.


This is a relatively open information era, so we usually seem to be things that can not be and is freely obtained. Today, read an article on the Internet like a little-known Digital China's open letter. Then a search, it is incredible, "Digital school door," so the words began to appear in the major sites. But it seems as if Shenzhou no official information. I heard one out of the "rumor" of. But a few minutes was lost in a portal to the next. It seems that inside the transmission of the disease is no longer able to cover a few high-sounding words live. So, be removed. But removing a statement can say? It goes without saying. .


So said in the letter: "I just hope that they can take over and we cannot continue to complete responsibility, so that our students can continue their studies and achieve their dreams, it would be so difficult?".


Digital China was not build a Hope primary schools every year, donate it? But now the face of those around them is ugly and because of their children out of school, they can be the audacity to say "This is all okay with us." Is the so-called Digital attention to education, human interest, social responsibility, the original only in the fame? . .


I think this must not be what you want to see! because you have is that these young students of the hero, because you have been inspired countless people struggle! students must also be based on your trust only request you out for justice. If you are willing to take a moment to carefully read the students post, if you prefer to have a look at what we referred to the Court that all the evidence, if you will be able to listen to digital audio recordings of certain competent conversation, in fact, it's not hard to get the truth! ".


This is far the most senior of the letter to the Divine, see abandoned partners hope to go further with this letter and Digital communication. Let it be resolved. Relevant information and then search a bit. Is not difficult to draw, Digital seem to have the intention to invest in education, but God knows what the problem inside out, put partners and students kicked open. This seems to be in the brand selection to get a perfect brand corporate image. For non-students on the course can be ignored, for the partners of the moral burden of the business, is to overlook. Interests above everything else, this is the business of original sin.But this seems to be man-made factors more.


The reason cited this passage, because I see the wording of Hope Primary School, Hope Primary School donated the cost seems to be under the eyes of the public, from what is happening, had to think. The number of children claimed credit for such enterprises pay? For them to act as a free billboard. And they are lucky, because in the eyes of the public, they have books to read. Can do no matter what the results are perceptive. Those who are torn banners of students? Things have been much over the past week. Students also should be a statement of Digital China. Do not as a lens of education is education? Can not imagine this kind of educational motive.How can we hope primary school in obscure utility investment in education. Without it, how could I killed someone?.


Please read the details of the global online space http://cblog. . Chinadaily. . Com. .cn / port / yuanruhui / Beijing News http://blog. . Bjnews. . Com. . Cn /? 10704 blog. .


Students walk out the door "digital out-of-school".


Recently, well-known companies on the school door Digital event. Network from the first day of the incident broke, events of great drama are presented biased. Only some Council or outside of the common people are doing the event to comment, or about, or complaints, or abusive. Disappointments are the angry person is different, more of onlookers. That this event is very dramatic, does not mean that there are riding the theater feeling. But three great operas of the parties. Protagonist is not on stage, we only collaborate with the concerned parties in the interpretation of the students. For users to talk about their experiences.But this encounter most specific performance, these students are not learning on payment. No matter how much of that which is in a mess of things to say, but it is an established fact. No one could deny that.


Digital China is still chaos and dignity, remained silent. If you have to say, this reflects the style of a brand business, not as good as said that the matter had not we thought of the simple. There Nosey said, but a company removed an troupes. This is a little tendency to speak without a brain. Here a simple analysis of this situation. Digital identify if this is troupes, first of all there are a few errors. .


1, digital China isn't built from chigusadai team up? the most original stage capital could not be handed down; a table.


2, since identified this is troupes, the original business cooperation mechanism that is arbitrary Is it? Do not have a contract? . .


3. Why is the word in students ' school days before termination of the contract. Who is really the first party?.


4, the students why it has not been explicitly addressed, or a clear statement? . .


Through the above analysis we can see that in this event definitely behind: impact of China's famous brands as simple to explain. Certainly the enterprise internal management mechanism. Alternatively, it is assumed that the so-called management adjustments, competent staff mobility, etc. These are likely to influence a project's process. Don't blame me barking up the wrong tree here. After all, here are just assumptions. I was just doing some simple through events. Which are based on idle and egg pain education concerns above. But the real for Digital, or Digital educational institutions and certain things that are none of my birds matter. The students? The implementation of education how to do? Who can give a clear answer, a processing method. A bit cold this winter, cold charge heads do not want to start writing this thing. But sometimes, there are so many funny things happen when sad, they have to say. By the way, those students will come out of school Digital This Road door? . .


Supplementary proofs has been routed to ccidnet http://yuanruhui. .blog. .ccidnet. .com blog http://mryuanruhui. .blog. .ccidnet. .com please download themselves.


Digital update on the school doors: more than a month we have not class! . .


We all remember the early November, digital China published in Tencent technology on the fiercely competitive versions of the last sentence of the statement?, concern the following: currently affected by this incident has resumed pupils in class. ...


I rely on! ! ! MM, I Xiang Maren. The reason is simple. Digital rubbed lie in Artesyn Technologies. Because we do not class! ! ! . .


We learn "digital DC a NTP courses", as requirements of the course itself, you must have the corresponding network device to the class. This is like the driver must have a car, you must have a machine on a technical school. There is no switch, there is no router, no gateway, we simply have no way to class. The original in our classroom stuff? answer is digital away!!!.


Digital China, please come up with a large company's attitude to, do not lie, do not deceive Internet users, now it is December 10, we more than a month has not even entered the classroom it !!!!!!!!! !!!!!!!!!!!!!!!!!!!!。 .




Yang yuanqing j.j. (Goodbye!) retrenched staff running around.


Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


Lenovo is a global retrenchment of 2 per cent to further cut costs 2010-02-25 23: 11: 21.


Sina Technology News: Beijing on February 25 morning news, according to foreign media reports today, Lenovo will lay off 2% of the global context in order to take this promotion effectiveness and cut costs. Lenovo spokesman Ray Gorman (Ray Gorman), said: "This is not a large-scale move, but some individual small-scale layoffs, aimed at reducing the overall cost effectiveness and progress." Lenovo in Morrisville, North Carolina (Morrisville) headquarters with a total of 1,600 employees, lay off 2% means that the sector will lay off 32 people. Goldman said: "We will not withdraw from any area。 ”。.


Lenovo's financial results, the company's most recent quarter global market share has been promoted. Lenovo quarter revenues of 4.1 billion U.S. dollars; profit of 53 million U.S. dollars, more than doubled from a year earlier, before that, Lenovo has continued for three quarters of losses. Lenovo employs more than 2 million people, the company laid off last year in the global context of about 3,000. .


Lenovo (Beijing) will be laid off 200 people to suspend all recruitment.


Later yesterday, there is an authority on media reports, the beginning of this year to Lenovo Group restructuring, Asia-Pacific (excluding China) will be merged with the Greater China Region, Lenovo China, the former senior vice president and Greater China President Chen Shaopeng will serve as the regional leader after the merger. Lenovo will also lay off 200 people in Beijing headquarters. .


It is understood that the greater China region already planned layoffs at the Beijing headquarters for 200 people, with higher-level manager, Director level, accounting for 5% of the total number of persons, in addition, it plans to cut the factory of the temporary staff, has suspended all recruitment plan. According to Lenovo insiders, the "Government on layoffs, yet has officially begun, may have to expand the scale, previously had a 20 per cent of the number. ”。.


Prior to the December 31, 2008, there structure of media coverage on the news of adjustment. "First Financial" and that the specific details of pending re-established and sent to Board approval. Chen Shaopeng, 30, said in the evening, "Now the economic situation is so bad the winter will certainly move. Chen Shaopeng said, Lenovo will take measures, and other enterprises in the economic crisis takes the form of similar, increase efficiency and reduce cost parallel.The "end-to-end process optimization project", which means that the "past performance development speed when there is no time to think and take advantage of the time but you can take to improve the process." While Lenovo in cost management of substantial advantages, and still continues to improve.


The job cuts will be one soon, said Chen Shaopeng said that this may be an internal employee misrepresentation. Lenovo Lenovo spokesman also denied the Greater China and the Russian zone will be laid off the news. However, the reference to the domestic authority of the media reported yesterday, December 30, Lenovo Group Vice President, Greater China and Russia, CFO Zhouqing Tong District will be in internal communication in the association, said while the growth of control in a good profit margin, to reduce costs. In addition, will seek to broaden the financing channels, control inventory risk, enhance cost control. .


According to insiders, Lenovo Group, the second half of the fiscal year will be reduced by 20%-30% of the cost, including non-sales costs will be reduced. And accompanied by a fee reduction, the layoffs will come. Report on reference associative insiders news that "Government on layoffs, yet has officially begun, may have to expand the scale, previously had a 20 per cent of the number. "Before this Lenovo Group Headquarters has announced plans to lay off 50 employees, Lenovo has not yet responded to the above message.


450 global functions of the job cuts, downsizing sales platform for China's Lenovo 2010-05-23 [Sohu IT News]. .


Lenovo today announced it is located in China's global functions cut nearly 450 posts, most of the adjustments to the work will be completed before the end of March.


For the layoffs, new CEO of Lenovo Group, Yang said: "We will continue to build our global leadership. Face of the global economic crisis, we must take decisive action to reduce the costs associated with the global functions, so as to maintain competition advantage, continued to improve efficiency. ". .


In 2004, the domestic it industry's tragic past.


Please read the details of Baidu Space http://hi. . Baidu. .com / yuanruhui blog http://hi. . Baidu. .com / mryuanruhui. .


Lenovo: the company does not lay off of my home.


At 9 o'clock on the March 11, 2004, well as usual, and married her husband in Beijing last laugh and went to the Lenovo Group headquarters to work. Planning End IC card, and she suddenly found the atmosphere in a bit not the whole building, departments one by one his colleagues were called downstairs conference room phone, 20 minutes later, accompanied by the managers came back with a straight face, 1 hour After we began to leave in twos and threes. Even worse, not a few minutes, well also received a telephone; still worse, not long before her husband there and bad news ... ... "Now we can go home."Husband Chang. "Two people simultaneously lost his job, just bought a house payment, trouble is coming. "Heart anxious thoughtful, hard and her husband walked out of the land on the famous company's front door.


Lenovo said in a written document clearly, the retrenchment is one of the company's strategic realignment of operations, and employee performance and performance-related; the same time, the Group arranged a comprehensive compensation scheme for former employees to provide psychological counseling, re-employment support services, the number of layoffs the overall proportion of Group employees about 5%. .


Lenovo this downsizing process very professional and smooth. March 6, start the program, 7, 8, discussion list, submit a list of 9 to 10, the human resources audit and formalities, 11, interviews. The entire process seamlessly.


"That morning (March 12), in charge came to me and told to go downstairs to the meeting. Then I wonder, to the downstairs meeting room, see the company's human resources department of the two leaders, I understand everything. "Wang (a pseudonym, Lenovo employees in Shanghai) that" all procedures on the left, they gave me good, I just need to sign and then put things on the stairs, the whole process is only 6-7 minutes. " . .


In fact not threatened layoffs, 11, 12, and the staff interview the other day, Lenovo Group Web page published some articles: why the elephant to dance "," dinosaur becoming wolves to employees on a "tree-Norwegian death, people move" obvious reason. "At that time, many people are ready to go, because you can not change, only accepted. "24 March, one remained in the middle-level cadres said-associative.


The day of the announcement of layoffs orderly manner. First, staff managers certainly past achievements, and then explain the significance of strategic downsizing, this may be the amount of compensation paid, and then handed all the good material for the separation of labor relations staff in the discharge of contracts signed. 20 minutes per person. More efficient is the staff into the interview room at the same time, the company has helped them to run the almost all separation procedures; and so they came out from the meeting room, mailbox, human map, IC cards have been canceled. This means that from the interview room out of that moment, they are no longer employees of Lenovo。.


"Spring Festival, the company made significant changes to consider layoffs at that time laid down." March 25, Lenovo Group and general manager Li Lan Enterprises Promotion, told reporters that every departing employee have been huge compensation, the specific calculation is expressed as a simple formula - N +1 (1-year work in the association, meeting two months salary for 3 years to 4 months of salary, and so on). .


For more information please read the original Chinese blog network http://mryuanruhui. .blogcn. There are Bo .com/net http://yuanruhui. .blogcn. .com/.


Lenovo employees a letter to the chairman of the board: Why I quit. .


Chairman of the Board:.


Companies which, even inside all I know, I most respect you, trust you, and also the most willing to listen to you, not because you are chairman of the board or your other identity, but I think you are the most reasonable, the most moral. But you treat me the way to the last, always make me feel very strange. .


I have already said to be going, conversation you said I resigned, and before that, you're telling me is that the company was closed.


The company's profit situation is not, in fact, whatever the reason I can accept, but you make me feel different to say this is way out of a plan. Sometimes I think of this matter, the total time you do not understand why. .


Chairman of the Board, you sometimes frankly say that they are capitalists, company good or not, the most important, however, ethics and reason are not a member of the company you use, you will use other means. You help me a lot, left the company half a year, you're still on the positive impact on me. But sometimes this is not the knot will haunt me.


Why should I mind about it. I do not have to work? . .


1, companies and linux manufacturers signed cooperation contracts not important?.


2, to become partners in HP's unimportant? . .


3, the company's first sales out of the product is not what I do?.


4, the company's cooperation with the X is not the time I started out doing it? . .


These efforts, the company that a staff member did this work on a new market for software products not important? Of course, I'm sure have my shortcomings and capacity is not good, Chairman of the Board, you have seen no disadvantages and various capabilities are a good person?.


Finally, we and the X's cooperation failed, you think you are all my problems, I have a problem. X Company signed a contract and should not it? However, final decisions are you and the N's chairman agrees with the X meeting of the company and complete the contract signed. After signing the contract, X sells well because of my reasons? . .


You said we should be in the X company sales when want other options, but, when we plan and began to sell other products, you say, well, this product can do for other products, does not let us do.


You said that we should not be in X company for other companies when the agent of our products, but the company is doing at the time X agent, how do we and the other company. Moreover, X is good, but said sales capability with companies, but also a very long time and they talked into the agency, other companies, how do we have time to do. .


You said that you are the Chairman of the Board, and our staff, we cannot find a variety of reasons that we should want to solve a variety of ways, you said that the company provide the conditions I should be able to help businesses make money, no money is my problem, this is your last, we know that the company will also enable you to face many difficulties, I have no way to answer. However, why don't you just tell me and said, because you did not enable companies to make money, the company believes that you are not resign all let you listen to the reasons for leaving, I will be even more open. But the push down, the result actually does not make any difference. Maybe some time simply because I did not understand the way the chairman. .


There is one rule: players to admit defeat. The Sun each day is new, sunny place can start again.


Please read the details of the original Chinese blog network http://dryuanruhui. . Blogcn. . Com / net is Beauchamp http://liangyuansi. . Blogcn. . Com /. .


Lenovo employees experiencing large layoffs: Lenovo, Lenovo is not my home.


Today, I am afraid is the largest one in history Lenovo layoffs. 9 people in our department, today bid farewell to three, three to offering job-change, and the remaining three. More than 30 people left the Academy, offering job-change more than 20 people. This is my second experience of the so-called strategic adjustment, there are many thoughts and feelings, but nothing seems stuck in the mind, unable to speak. Altogether easy to record this story, to remind ourselves. .


[Association of fine cut].


Last night, the Academy held a secret emergency meeting. Responsibility of managers to participate in more than 20, I became clear the entire layoff process. March 6 start program discussion list 7, 8, 9-10, submitted to the list of HR audit, and go through the formalities, 11 interviews. The whole process at one go. .


Today is the day of the interview. In the first floor of block b, two smaller conference rooms. Go in person to lead the first sure his past achievements, and then explained the meaning of strategic retrenchment, and then inform the amount of compensation paid, and then pass on all the material, and then let him labor relations contract signature. An average of 20 minutes each.


Retrenched employees are fully aware of prior. Before the interview, all the formalities of their companies has been processed, so they called into the conference room at the same time, email, human map, IC cards have all been canceled, when they know that information later, two hours to leave the company. .


All of these things are highly confidential. Even though I am a responsible manager, and I only know that tomorrow I will be accompanied by staff--sat next to me live Office, more than two years of a girl, Shao Jun.


[Shao Jun]. .


I don't know how I was last night, the mood is particularly bad. According to the company's rules, I can not tell her in advance. Just think. And my colleagues in the life of two years, to be laid off tomorrow, but she doesn't know. Meeting a taxi home, I am particularly tired. Drivers speak: what makes you tired? earns you one easy. I laugh a little, did not answer.


Morning, Shao Jun sooner than I had arrived. She asked good morning to the sound, I dare not say a word on a guilty conscience. I feed my desk as usual, the little goldfish. R & D Institute of the move when the building, everyone made two small goldfish, but the gang's R & D personnel able to deal with careless and can live up to the present, it is not easy. Shao Jun also take my fish joke, saying that the whole child for a sperm, had been able to live. .


I will not speak, sitting at the computer, waiting for the moment of arrival. Phone finally rang, I walked to the front of Shao Jun, and she shook hands, and then told her to go to conference room downstairs. She knows what it means to go to the meeting room. The two conference rooms busy from morning to night, all involved when things go directly. But Shao Jun has been very quiet, as she has before, we went in two departments. Qing-Tao, and she's talking about, we are all so familiar, but Needless to say, less than five minutes, ends all conversations in disarmament labor relations contract on that came out.


Shao Jun is FM365 turn, and experienced the 365 layoffs that crazy, she had a lot of people that have sent, so she knows it all. Then back to office spaces, when with her collect her things. To lunch time, she said, first went to canteen eat. But I do not have the heart to tell her that her IC card has now been written off. So I advised her to go outside to eat. Responsibility for another person directly, said managers are out there who told her that human map has also been written off, then obviously very lost Shao Jun, feeling a bit sudden and companies involved have gone.Her work at the Association for three years, but in two hours, Lenovo will no longer have any trace of her. By the company. So deserted?, Flash is no longer a once proud: associative person?.


At noon, the whole sector to spicy food San Huofan mother. Do not remember what was said. .


In the afternoon, I rushed home Shao Jun. Passing a school door, traffic jam, she said, I've never afternoon pass, never met this group of children. Yes, I was working late on a daily basis, day home really is not used. Sitting in her house for a while, because I know that she was sure at this time. She said a lot of things at 365. Yes, no matter how you as a company, when the company does not need you, you have to do everything is no longer meaningful. I purposely stay a while, listen to her because I know, Shao Jun, although the performance is very strong, but as I turned and walked away, she may cry, just like today, like many people laid off. .


[Hit].


Server functions, is the downsizing of the hardest hit. Laboratory where the server may not exist in the future, and today's cut was only 5 individuals. Morning I heard there were already going empty, a few people cried, but I did not go over. Some people are very excited mood, as definitely did not expect to fall on his head, but the strategy would mean job cuts, not by your performance as a standard, in other words, there is no standard. There are several original large cattle, or even from the outside was heavily recruited post-doctoral, also then gone, with no room for negotiation. Even the director of the Research Office of the server are gone.The whole direction, this is a mistake? don't know, but you only know the injured is at the bottom of the employees, it is not surprising that there is a recent graduate of girls, Tsinghua, OMG mess.


Assistant functions almost emptied. And I am familiar anshin, Qin Li, are not yet had time to say goodbye. Research assistant positions are not set up. They met in the cafeteria a few days ago, I also said that the image they are spokesmen for the Institute. .


Wu Zhuang also go, this is my old comrade-in-arms. I first entered the project group, Lenovo, now also in Lenovo, only I and Guo and bright Jinmen. I remember the year, our project group is known as the Institute of the banner. Because we developed the content management system successfully saved FM365. Later 365 down, we'll support you win. Later, when you pass it down to win, so the Institute of information engineering, there would be no. The entire research program of more than 30 years ago, who, until now, also in the original post, only I and Wang Jiang, Yu hing Yip. Wu Zhuang very miserable, and his wife pregnant, but he had just bought a house. I can not imagine the future for him, because I can not do anything for him. .


The focus of the layoffs, is a new employee, and spent several years old. 10 years of work, run 50, so the walk was gone. I really want to talk with them, at the age of 50 is the company behind, I do not know what feelings. I dare not think.


Back to the home, and Xiao Ding chat, I learned well the server is gone, this is not news, because the servers were almost gone, but her husband has gone! They also work together today, and do not know will not go home. They and I live in the same district, just got married recently, just bought the house. .


I suddenly remembered during World War II generals of a famous saying: I let the soldiers on the battlefield, I will put their imagination into a pile of ants, rather than people. Because I think they have a wife, children, parents, I couldn't bear to let them go and die. Do not know the leadership in the discussion list, we imagine ants?.


[In the end who is to blame]. .


I think of these three years, saw the expansion from fully associative to complete the whole process of shrinking. Introduced slogan is: high-tech associations, services, internationalization of Lenovo, Lenovo. Now, high-tech application or associated left only, but also do not know can not succeed. Representation services of IT services group categorized as class c, fallen. Software Design Centre will soon have nothing to do with Lenovo. Lenovo hitting, but injuries across numerous.


Whose fault is it? Leading fault! Including FM365 included, these directions are promising, are big money, but why the association will fail? I do not want to go into, but I just think, the wrong committed by the leadership, only to bear our regular staff. .


[Lenovo is not a home].


This is my personal experiences of these two major strategic adjustment, the conclusion. I think I understand the profound than many people. The relationship between employees and the company is interested, do not the company as a writer. .


Of course, this does not mean that I will get lazy. I still would be good work, I want to be worthy of Lenovo. At the same time, I also think that the Association did not owe me. Lenovo has given me such a good working environment, so a good learning opportunity, and good treatment. However, the company is the company, as I do all this, is because I can do the contribution for the company is definitely not like a father and mother's selfless devotion emotion. In recognition of this, when I left, the leadership in the future will certainly my performance, I will also say thank about leadership, is no longer a sentimental.


Yang said he hoped this time to adjust to the association for 10 years to bring good luck, but I recall the last time strategy adjustments, that is, November 1, 2001, can not help but cast doubt on this statement. Doubt go doubt, there is still need to do. Life goes on ---- and I miss working with many colleagues! . .


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Group "Chang" to music: a salesperson a letter written in anger SALES families. .


As a group of employees ' families, I really only reluctantly and rage song text, quelling group and what they are accusing the ugly acts.


Let us recall one by one as the group made this year. .


First arrived and speed on the day of the massive layoffs, announced that an immediate freeze all accounts, this is a serious violation of labour law, but to my surprise, so far has not heard about employee lawsuits have left the group, is leaving the group news staff do not have legal sense, or black-box operation, what we do ....


Second, while the Group announced the sale of sales incentives to adopt new measures to move people to, at least, group sales staff sales joy, the outside world that the group finally realized that their customers want is the most important thing, while the sales staff just sales is the most important and almost the only way to achieve; Group salesman salesperson sales and our sales of these families are eagerly looking forward to the final scheme of the set hammer, because we seem to have seen a bright light, energy is greater.The new large area once someone in Congress wiggling his ring finger Gold Diamond ring, assure you that the Group sales sales summary on will not get less than Dell, it makes everyone feel an upsurge expectations index increases.


Then, someone is making a fuss to the General Assembly held a marketing sales, and mysterious, heavily guarded, against all outsiders. However, should the General Assembly is a high passion, even to the feeling of almost everyone is anticlimactic, at almost no mention of any pieces of the incentives, but more like a bureaucratic retreat salesperson sales are in addition to disappointing or disappointed, a waste of "valuable" is not a two-day weekend break that also brought back a belly full of disappointment and confusion mind, the salesman sales began to awaken the heart begins to rise worries. .


. .


Current Sales are around the salesman has found difficult, there seems to be stuck in the neck chains, making people aware of why so many people doing grey transactions, this is the Group constantly easterly, Salesperson sales just let it be in it.


And then also heard that the so-called incentive mechanism should be deferred to the July quarter will be released at the same time this should be made in April to the end of that half of double income is said to be wasted. And there are rumors that the group requested a company made a survey and found that salary group than the industry average high, which may be a group basis to maintain the existing wage system.I heard when I was choking, I do not know who the group, is ranked as one of them murders of IBM, Dell, or dying of domestic enterprises, or the group all over the country's low quality agents, if they are behind, one fears that the Group's strategic vision and competition perspective. But then I think it is not possible because the Group senior salaries really high, high enough to let the group the entirety of the average wage is close to or even higher than the industry average. But then of reflection is that group in the end want to do, if you want employees to bear the risks due to TOP and then please say so, do not have to beat around the bush, highly educated people do not like being fooled; Moreover, if want to compare, then compare the object unity in the salary level of business compared with the downside, but the much-anticipated enterprise development is directed at large multinational corporations, how have seen ups and downs of a marshals, so can any of your stupid move from the last? . .


So I think the recent rumours, such as a CEO to make laoshuai internationalized, and once again, ordination, the incumbent Management Pack was a mess, though he frequently come to dispell. But no matter who, calm and everything is nothing, the Board of management of the group, this is dissatisfied with everyone cannot be negative. Some also ask you not naive, the group is not yours, you are just a high wage earners, and mismanagement of natural to go, you can't juanpugai: internationalization strategy is well known, why not also managed to grab. Make an objective evaluation, so and so did the lack of a general until a little dignity that I do not know what to do, the key moment of indecision, unable to grasp the crux of the problem, the government and public relations as thin as paper, is more frustrating is I do not know do not use, only would on paper. The question is to know companies with people in trouble, not you that your employees, yes Jiceng, is Gaoceng, Huanshilianjie both the New York chain, Suoyouzhexie Dou Bu Xiang will head is patted out, you need to Queqieliaojie Yuan Gong needs, and then to meet demand, solve the problem.But for now, you seem to still behind closed doors, but also engage in blanket of Kings, the staff and the outside world how do you trust?.


By the way, such and such a student is not also a marshals of Fengyanfengyu intimidated, forced to start looking donkey donkey, and strive to delay the time to look at the next home; even Gaode company pandemonium, panic, policies delayed no later hair, procrastination, Momojiji. .


. .


Also see another problem is that those involved in the market, where we never sit or stand in the new building, comfortable Office just how press staff cost savings, but not how to leverage existing cost effectively expand market!, of course, in fact, this is a universal phenomenon, I just cite two typical examples, and I sincerely hope that the source if it is, how to count on the River was.


Then repeat the Group's financial, the Group has no debt to several billion in cash and pocket hides proud, in my opinion this is a typical small-scale thinking, in the high-tech field, in the diversification of the Group, there is no glory but by no means foreign debt shame, because because you can not find the direction of investment. When people borrowed money used to scale the same as a snowball, you are still eating sets in the neck goes on pancakes, and inflation and industrial expansion in the double erosion.When finished this very delicious pancakes, you can actually also be bare, if you think you can again bare feet are not afraid to wear shoes, unfortunately this is not well at 1, chance, and the environment is no longer one of the fabulous laoshuai also has ceased, the outcome is unknown.


This is just me, an outsider with a conscience to write in anger fur humble opinion, you do not know who I am, because there are 10 million I have the same feeling, if written on, please accept my gift of, if not on when the intestinal gas ray of a smell of. .


For more information please read the Sina http://blog. .com .cn .sina.. http://blog./yuanruhui blog .com .cn .sina..../mryuanruhui

Labor arbitration. .


For more information please read ifeng http://blog. .ifeng. .com/576685. .html blog http://blog. .ifeng. .com/1493852. .html.


1, I Ruanru Hui was in May 1999 until February 2000 only, the original company is Guangzhou Guangzhou Lenovo Digital China Limited in storage and transportation. .


2. in May 1999, when I joined colleagues and former employees, Mr. Chong Liang Hai, found him missing two EpsonStyleColour440 printer, worth about $ 400, the boss material management Manager Hu Zhi-Hua claimed that it will be processed on their own, and has nothing to do, I will not be linked to my interests (otherwise, I would quit), Miss Hu Zhi-Hua, with convenient functions to help Mr. Chong Liang sea conceals a few months later (in about 9 months), through the then Mr. Yang Bo's sales salesman sales order rushed out, use the reserve for bad debts receivable offset is not responsible for loss of profits, . .


3. According to the original old colleagues, Mr. Chong Liang Hai before I had lost a valued at approximately $ 10000 EpsonC8000 printer that he had stolen machine gives the original Manager Hu Zhi-Hua, as to whether it should be reported to the company, it is not known.


4, during the period from June to July 1999, Miss Hu Zhihua the "98 units of Lenovo Group, the Financial Regulations other ports operation" and "materials management department of financial system" to another supervisor in charge of the original warehouse, Mr. Ning Shengliang, he served as associate Guangzhou retail outlet mall, "Lenovo 1 +1" stores Kuguan member allowed to transmit the original members of Mr. Luo Jianxiong Kuguan, he served as "sink Luen Fung," sales clerk, so I met this happened.So these materials are three copies (for Mr. Feng wei, a report by Mr. Ning is better off, let me get one), Jian Xiong and Mr. Edward together to collect these data warehouses, at that time, I was present. Later, Miss Hu Zhihua told me that the information from the original Mr. Li Guojun, general manager of Material Management Headquarters, he served as General Manager of Finance, is its promise to Mr. Wang Zhuowei, and signed by Mr. Li Qin implementation, the company was highly classified, called I Do not tell this was the general manager of the East, Mr. Tony (at that time, Mr. and Miss Hu Zhihua Ning Shengliang are already signed confidentiality agreements to provide that service during or after its disclosure of company secrets, confidential company would charge 40,000 yuan compensation ) and tell me, Mr. Tony addition to the Guangzhou East, "Lenovo" general manager outside, or "Bite Wei," behind the boss, he used company resources, "roasted," made a fortune。 If Mr. collapsed in the East Bay, his classmates got unlucky Lady Loretta Lee (in 1997, Mr. do Guangzhou "associative" General Manager and founder of the "bits", from Guangdong University of headhunting, then teacher Ms. la Loretta Lee into Guangzhou "associative" Assistant General Manager).


5, Miss Hu Zhihua also told me that Mr. Li Qiang originally "Guangzhou Legend," Deputy General Manager, responsible for system integration business, after, in 1997, and Mr. Tony co-founded the East "Bite Wei", other than buy a house (Tianhe Longkou Road sage Court room 1002 three-bedroom) to his girlfriend Miss Zhou Yuling (the original "Legend of Guangzhou" fund business members, is responsible for recovery of money) is also offered to pay her, "Lenovo 1 +1" store, let her not only in the " Guangzhou Legend "in financial business work, it did the" Bite Wei, "the proprietress. .


6. I am of the view that access to "Lenovo" work fell into the trap of Miss Hu Zhi-Hua, because Mr. Chong Liang Hai lost two EpsonStyleColour440 printer, worth about $ 4000 equals my five-month probation period wages (at the time the contract is a labor law requirements: 1 year trial period for one month, maximum length cannot be more than 6 months) Hu Zhi-Hua, though that has nothing to do with himself, but his mouth, and worked for two months is not wages, but calm because I have no intention in the other cities ' 98 Lenovo Group "business unit financial implementation rules" and "Materials Management Department of the financial system." . .


7. in the course of work, as the "Golden tax" merchandise store in the "legend" warehouse, Hu Zhi-Hua told me that people are the Qin Qinai Xiang army's brother, he is a Deputy General Manager of Guangzhou Association ", or" Golden tax "boss, his company received its own list of year earn a million, you are associating the" Guangzhou "as an example, as long as the" legend "work hard, and we will be able to make a fortune.


8, separation, Miss Hu Zhihua told me, because I know Tony Tung and Mr. Qin Aimin thing, so I dismissed Mr. Tony Tung, also told me that Hu Hongjie addition to the "Guangzhou Legend," deputy general manager of foreign, or "Olympic links "The madame. .


9, February 2000, April 2000, and the original "associative" company in Guangzhou labour disputes arise, their bribes, Tianhe district labour offices of labour disputes Arbitration Committee (Attn to Chief and clerks lindane Yuan Red Lady) was arrested for dereliction of duty, fraud, unfair ruling "Spike day Lao Chung-case words (2000), no. 53," using the time difference may 7 days holiday, intentional delay time, so I kept the court action is valid.


10, the original "Legend of Guangzhou," the company to retaliate against me, suspected of bribery, so that center of Tianhe District Social Security Fund (Attn human Liangke Zhang and staff Miss Luo) suspected of dereliction of duty, fraud, do not act according to the award (at the time claimed to have paid unemployment insurance Gold has entered into a computer but can not print, did not give me the list of social security, unemployment benefits without going through the formalities; said staff less than a year, do not pay the full year of unemployment insurance, unemployment insurance can not go through procedures to obtain unemployment benefits ) and according to my knowledge, "for more than six months, less than one year remaining on yearly basis." .


11. in March 2000 to September, the "legend" is divided into "Lenovo" and "digital" dismissal of a large number of employees, but is not in accordance with the labour code gives the employee the corresponding compensation.


Such as "Guangzhou Legend" mall retail outlet dozens of employees transferred to Mr. Qin Aimin collectively the "Golden Tax", but did not follow the labor law was first compensation (for one year, one month salary compensation, calculated according to total annual income standard divided by 12 months of average wage) after posting (because "Guangzhou Legend" and "taxation" are two different legal persons) Two months (Labor Arbitration period) after the "Golden Tax" then the dismissal the (fraud compensation of these employees, the social old-age insurance, unemployment insurance, industrial injury insurance, housing fund). .


12. in January 2001, my resume is inadvertently sent to the "bit" notify me for an interview. Because I forgot to add, so call the query answer is the Bay East Sir. I arrived at the "bit" interview, Bay East is hiding in the room, I do not dare to reception, so let Mr. Li Qiang and I interview. Mr. Li Qiang willing to hire me to do accounting, accounting for system integration, and I offered to do the "Lenovo 1 + 1" store accounts, so there is no job.


<1> Intelligent Building System Integration. .


Building automatic control system (integrated structured cabling system, wide-area broadband access systems, central door lock system, the central monitoring system, Conference and simultaneous interpretation system, parking management systems, monitoring and control system of water supply and drainage, public broadcast and background music system, IC card management system, fire alarm and fire fighting system, satellite TV receiving system, central air conditioning monitoring and control system).


Guangzhou Bite Wei Technology Development Co., Ltd. / legal representative (responsible person), general manager of Chung Yi. .


Guangzhou five add：Jinshan rm701, 0860203846888/510898.


<2> Intelligent Residential Quarter system http://zhonzyi. . B2b. . Hc360. . Com /. .


Wide area network broadband access systems, intellectual property management systems, security surveillance patrol system, coal and electricity three table CC billing system, the computer local area network system, video on demand system, alarm system, fire control and alarm system.


System Integration Co., Ltd. Guangzhou Bite Wei / legal representative (responsible person), general manager of Jia Ying. .


Guangzhou Longkou road Sage Pavilion 1002/08602082562250/08602085265631/510630.


<3> brand computer sales (1 +1 Lenovo computer store). .


Guangzhou Fang Qi technology co., Ltd./corporate representative (leaders) General huishan.


Yuexiu District, Guangzhou City, 032-033, General Eastern circuit file / 08602083324452/08602083324480. .


Page〈 4 > software development and network services.


Process of building enterprise information software development projects and software contract manufacturing business, including ERP / MRPII, CRM, MIS and corporate finance-related software development. .


The original Beijing than Litware information technology development co., Ltd./corporate representative (leaders), Lo chun.


Zhongguancun, Haidian District, Beijing Tong Shui Qing Mu Hua Yuan with God, Building 2, Room 1706 / 08601082641481/08601082641482/100084. .


Haidian District, Beijing Haidian District School Luding 11, no.1 building, room/0708 08601062327302/100083.


<5> Publishing economics books and SAP Business One training, certification, exam http://www. . Bonck. . Cn / OR http://www. . Erptraining. . Cn. .


Zhongguancun, Haidian District, Beijing, 3-er Jie Shuiqingmu garden 232 100080 is Burke's education Consulting Co., Ltd. in Beijing.


Application and Service Hotline 08601082641273 or 08601082641289 Fax 08601082641287 Email Address baoming @ bonck. . Cn or sap @ bonck. . Cn or alice. . Lu @ bonck. .Cn-book sales Department of the Ministry of training, certification 08601082641275 08601082641273/82641289 network technology Department of the Ministry of Finance editorial 08601082641182 08601082641182 08601082641287 cmbc Zhongguancun branch account 0105014170021827 you can also use the investment accounts (Lu Chung Mei 9555500102892170) card payment (former Beijing than the Litware information technology development co., Ltd. Beijing Bok Education Consulting Co., Ltd. dedicated account)/Beijing city commercial bank qinghuayuan . .


13, East Bay and the problems of Mr. Qinai people can reference question Association Sin 7 20 academician NI Guangnan, reporting from stocks to a "scapegoat" Posted by purple.


14, in October 2000 to August 2001 period, Digital China Limited cover up a leak or instigate others to deliberately waste my time and energy, transportation, telephone charges, stamp fees and copying fees and photo fees resume (call me every day to interview, but not really engaged, but fool me). .


15, August 2001, the Guangdong Provincial Public Security Bureau and local taxation Bureau issued combat tax evasion and tax fraud, I call the Guangzhou digital co., Ltd Vice President Ms. Loretta Lee Hu Zhi-Hua, "either dismissed or supplementary tax surrendered, pedicabs," did not respond.


On September 16,2001, my friends introduced me to the Chime Long Hotel work, the matter shall be withheld. .


17, March 2002, after the wind and "bit" failed to successfully undertake the Evergreen hotel broadband network project, I also left the Evergreen hotel.


In August 18,2002, the national accountant qualification certificate renewal, I commissioned the relatives and friends go through this, to get back in October 2003 before the accounting evidence, but evidence indicated the accounting date of issuance is January 2003. .


19, in April 2002 to October 2003, Guangzhou digital co., Ltd. uses various methods to hide the "legend" and "arrested for tax evasion, shenma" tax fraud and violations of labour law (not for employees for social insurance and unemployment insurance and employment injury insurance) are not in accordance with the provisions for staff housing fund, etc..


For example, the Ministry of Personnel staff deliberately instigating others to waste my time and energy, transportation, telephone charges, stamp fees and resume copying fee and photo fee (call me every day to interview, but not really engaged, but to use stalling tactics to delay the time ). .


20, September 2003, Guangzhou labour and social security issued a Declaration on workers ' social security complaints dealt with some issues opinions "staff may require the employer to pay the social security payments" Guangzhou digital co., Ltd use means shan took my unemployment benefits and associated losses of $ 16291.


860 yuan / month * 9 months = 7740 yuan unemployment benefits + (2200 yuan / month -800 yuan / month) * 2 months = 2,800 yuan wage differentials + (800 yuan / month * 3 months +2200 dollars / month * 5 months) / 8 months = 1,675 yuan compensation +2200 Yuan / 22. .5 working days * 18 working days = $ compensation + 1760 (800 $/month * proportion * 14% 3 months + 2200 Yuan/month * proportion * 14 per cent in 5 months-1000 Yuan * proportion * 14% in 8 months) = 756 $ Housing Fund + 1200 Yuan loss machine (has not yet identified, but afterwards you receive compensation after I open sales orders on a current liability profit) + 60 consulting fees + $ 300 fee arbitration.


<1> clear the employee and the employer to establish the fact that the formation of labor relations or labor relations, and the employer did not participate in social insurance according to the procedures for handling, no matter the length of time, the employer shall be in accordance with the provisions of the then policy of working in back social insurance. .


Page〈 2 > employer did not pay for workers declare pay premiums, should be back in full, retroactive to 1 July 1998 for a period of (country, province, other provisions). If the employee actually participate in the working time of complaints and the employer does not match the confirmation of the time, but do not have to sign a labour contract, only the fact of labor relations, according to the payroll or time table information such as the original voucher and seeking to confirm.


<3> on because the employer fails to pay unemployment insurance premiums for employees, which led to employees not entitled to unemployment insurance benefits, the employer shall enjoy the treatment by the unemployed for a one-time compensation. .


Page〈 4 > labour law at the time the contract is provided for: 1 year for 1 month, maximum length cannot exceed 6 months (my trial period is 3 months, 800 Yuan/month, the promotion period is 5 months, 2200 Yuan/month, no sign of any labour contract and non-disclosure agreement).


<5> Labor Law: Contract expired 30 days advance notice, within 10 days apply for unemployment insurance procedures, the actual only 7 days to inform me in advance. .


21, December 2004, the State Council for the implementation of the labor security supervision Ordinance Guangzhou digital co., Ltd is still denied compensation.


<1> the employer to the social insurance agency shall declare the amount paid social insurance premiums, conceal payroll or number of employees, the labor security administrative department shall order correction, in addition to a concealed the amount of wages a fine of more than 3 times . .


Page〈 2 > employer dismiss workers not legally granted financial compensation or fails to pay financial compensation, labor Security Department ordered the employer in accordance with more than 50 per cent of the amount due and payable on 1 times the following standard terms, to the workers ' compensation payments for an extra charge.


<3> any organization or individual in the future if we find the employer has violated the labor protection laws and regulations of the act, can be reported to the labor and social security department. Labor and social security departments for their secrecy, and to investigate major violations and evidence provide the main clues to reward informers. .


22, some corrupt officials also forged my social security information in an attempt to conceal himself is reporting the "legend" and "digital" arrested for tax evasion, to control and prevent I receive and forced me to engage in low-paying jobs, but my life never by others.


23, some officials also use my name in the cover letter sent to the management company in Hong Kong in wine, to a monthly salary of 3,500 yuan financial officer candidates to agree to recruit me in the wine. But in the wine before the Hong Kong staff are more than ten million salary, if I agreed to the entry, it would become the biggest joke in the wine: history, Hong Kong, the lowest paid staff. Because in Hong Kong, even if the CSSA of the six HK 7000 that unemployment benefits, not to mention the financial director to do it, but the wine and Lenovo and Digital China also has business contacts, so I have no candidate entry in order to avoid the wind and after that she was dismissal, must make up work after the previous loss..


24, some of the corrupt elements also steal the identity of the bad things I do (for example with the name for the network card on the Internet website registered publication of false information and junk spam that I own that has been reported as lost or stolen cards 02761695) attempted to destroy himself and block I receive bonuses and to get additional evidence materials, continue to profit.


25, those Gouguan also ordered my so-called friends, cheating mom pension 2,500 (August 2008-January 2009 period of 500 yuan per month) seizure mom pension passbook (January 2009 to 3 months and is now re-completing the formalities to reclaim) the purpose is to force himself to work for lower and stop himself will receive prize money and I put her to death. In this case, it would die, down corrupt officials, but also I wage bonus. The so-called friends and family money with me Pishi, I also did not gain the benefits! . .


26. June 2009, Guangzhou labour and social security issued a new policy: anyone who handles the registration of the unemployed person may receive unemployment benefits. July 2009, I replaced the manual labor and for the registration of the unemployed in 2009, August 10, went to the Centre of Tianhe District Social Security Fund, but issued a notice of the denial of unemployment benefits, social security, approved only print a list of social insurance, leading to I still failed to receive the unemployment benefit.


27, I hereby request Digital China Co., Ltd. for its violations of labor law compensation for losses 16,291 yuan. .


28, I hereby request compensation for Guangzhou digital co., Ltd. in October 2000 to August 2001 and April 2002 to October 2003 interview expenses (travel expenses, cell phone, telephone, Internet access charges, postage and the curriculum vitae and photograph of copying fees as well as the application fee), and length of service (discount) because it is to hide the "legend" and "digital" arrested for tax evasion and tax avoidance and the violation of labour law (not for employees for social insurance and unemployment insurance and employment injury insurance) are not in accordance with the provisions for staff housing fund and other actions by the Government to determine reasonable.


29, I now demand compensation for its Digital China Limited Guangzhou seized my card and the documents in nine months of the accounting losses caused by the specific criteria established by the Government reasonable. .


Supplementary proofs has been routed to http://blog. .chinaunix. .net/u1/33680/blog http://mryuanruhui. .cublog. .cn/please download themselves.




Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


Liabilities of the holding of the storyline.


Li Qin fade out the old Legend Digital China, Guo Wei dark shareholders seek separate listing, the author: Hou Jiyong Source: 21st Century Business Herald. .


Many Chinese people still remember 20 years ago, this scene: from the Office on the second floor, watched, and would have 20 to individuals, to a computer from the entrance to the yard, the people pulling shoulder, mighty, the leader of two people, with sweat, a critic of, another person called Li Qin.


Since then, the old association (the association before the split) the eyes of employees, Liu is the core, Li Qin was known as the "old think." It is because of Li Qin unique position in the old association, in 2000, the old Legend has been split into Lenovo and Digital China, the Lenovo Group chairman Liu Ren, Li Qin was appointed Digital China (HK: 0861) chairman of the board. .


In the digital operating independently of this 7 years, Li Qin has always represented the largest shareholder of Lenovo holdings at the helm of digital. With the digital evolution of equity, this "old legend" and finally to the curtain.


December 20, 2007, Digital China announced on: Li Qin has resigned because of age because executive director of Digital China, Digital China, while no longer serve as chairman of the board. .


"This marks the end of the digital era has come to an end, a new era has begun. "In the digital one internal, Li Qin leaving both symbolic significance and relevance of the" signs of the new digital era to begin a series of operations. "


First, the board reshuffle. .


According to the December 20, 2007 release of digital bulletin, in addition to the original Li Qin, Chinese Director had Mau Cho no longer as Executive Director of China for help due to job mobility is no longer serving as Executive Director, William O.Grabe resigned as non-Executive Director. In the above four directors who, at the same time--featured East, Hong-Yan yan, chenzhiyong, etc. become Digital's new Director, digital China President and CEO is appointed Chairman of the Board of Directors of the company.


Digital China is clearly the intention of replacing the board the recent changes in ownership of its direct expression. .


In August 2007, digital China in Hong Kong Stock Exchange announcements that Cyrus rich investment fund, Hony (from Lenovo Holdings), IDG VC three acquisition, combined with another foreign company KIL (digital CEO Kuo wholly owned), namely the purchase Lenovo holdings and fund shareholders GA original holders in the digital 29.60% and 13.34% shares.


Legend Holdings had directly or indirectly holds a total of 47.43% of Digital China stake after selling shares dropped 17.83 percent, the second largest shareholder. SAIF Investment Fund into Digital China's largest shareholder, holding 20.15%. Guo Wei, president of Digital China, through its wholly-owned KIL company indirectly held 10.29% shares of Digital China, jumped to the company's third-largest shareholder. .


Li Qin in old Lenovo's development process in three large events have played a crucial role. These three relations old Lenovo destiny event LAU NI (critic and NI Guangnan), North-South integration (Beijing Lenovo injected into the Hong Kong Association) as well as the associative Division.


Ni Liu dispute was outside summarized as "Technology and trade" and "Mao Gongji" struggle, is one form of examination and approval of research projects both on the right in the struggle. In 1992, Liu Ni Guangnan project that too much capacity to keep up with Lenovo, Li Qin requires the establishment of chief engineer, the establishment of project approval system. Ni Guangnan opposed to resignation, Liu was giving up the establishment of chief engineer. .


Since then, the relationship between the Li Qin and NI Guangnan did not ease. At that time, NI Guangnan responsible for developing, Li Qin is responsible for the production, marketing and sales. Some scientific research products on the market fail, both sides cause determination, NI Guangnan believes the reason for the failure of the research and development is too slow, to input, and that is the company's management Li Qin and lack the ability to cancel some development projects.


The dispute continued until 1999, the association chose "Maogong Ji," Liu has chosen to support Li Qin, Ni Guangnan was out. .


While in the North-South integration process, has been working in Hong Kong and critic Lu Tan ping "war", Beijing on the overall situation by Li Qin single bracket to the backyard. But by 2000, split the old legend, the Li Qin served as Chairman of the Board, digital China. for Kuo.


"Old Legend," Li Qin exit, as well as new board members, marking the formal entry into the Digital Age Guo Wei. .


Second, set the tone for IT services. shenma.


Digital China Guo Wei, Chairman of the Board as he marked the completion of professional managers from the major shareholder of the company changes in the roles. Previously, as a professional manager, Guo Wei's task is to complete the task entrusted to the Board; and now as a major shareholder and Chairman of the Board, Guo Wei's task is to clarify the future direction of the company, so that the company's asset value to themselves and Other shareholders higher returns. This will bring about changes in Digital China, including changes in organization structure, change in business direction and operational mode changes. .


Sources told reporters that Kuo has selected the digital directions: focus on the development of IT services. Prior to this, digital China within the main business is to uphold the existing distribution or development it services has been disputed, and the digital development direction also changed several times.


In 2000, McKinsey provided to Digital for a report that a three way: First, transformation of distribution system through e-commerce, supply chain management enterprise, as China's Ingram Micro; 2 is forward distribution channels, as contract manufacturers, Flextronics is an example; Third, supply chain management, software integration and network infrastructure equipment, three arrows shot, and finally integrated into the umbrella of IT services, as China's IBM. Guo Wei was chosen the third way. .


But in 2004, the company strategy again Kuo, adjusted to the "three-stage rocket": distribution, system, IT services as short and long term operational priorities in the short to long term. But in the development process, digital has been facing short-term profits and long-term development in the direction of hard choices, the resulting should focus on input distribution business or IT service disputes.


Informed sources said, led by Yan Yan SAIF Digital China for nearly two years concerned, it considers the future of China's IT services market has broad prospects, and Digital China in the Hong Kong stock market is low, if clarification of the Divine digital development, and the corresponding operation, the company's value is still much room for improvement. .


IDG VC is responsible for digital investment partners a comprehensive response to this interview, its investment in digital China is mainly based on the following three points: first, to the management team led by Kuo; the second is shenma holds resources; and third, China digital in IT services. And let the Kuo became the largest shareholder is the key to the success of this acquisition.


Digital China capital market to give positive response of shareholders to change. In early 2007, Digital China is about 2 HK shares, the stock has now risen to a record high of 5.7 Hong Kong dollars or so. According to Digital at December 23, 2007 semi-annual report released: ended September 30, 2007 6 months to achieve revenues of 16.699 billion Digital China Hong Kong dollars, an increase of 40.66%, net profit about 147 million Hong Kong dollars, increasing 60.89 percent over the same period. .


Third, Kuo's two things.


The Digital insiders said Guo Wei as Chairman of the Board of Digital China, the near future will begin two things: First, re-Digital's assets, by re-stripping, so that all companies operate independently; Second, the use of capital operation means, through the company's introduction of strategic investors or listed separately, so that its assets. .


In 2006, the digital development IT services have been started to implement the four upcoming virtual subsidiary strategy: to consolidate the company's business, adjusted for the four major factors: mass distributors, value-added resellers, IT services and its own brand of service, and changed its name to digital technology development company, digital equipment Corporation, digital China IT services group, the digital product group four virtual affiliates.


Sources said Guo Wei then proceed to remove the unit may be in the "virtual" word. .


December 28, 2007, the digital publication notice: digital and Suzhou venture capital group recommends the establishment of joint venture agreement memorandum of understanding (MOU) at the same time, the parties proposed the establishment of an investment management company and set up a venture capital fund. According to the memorandum of understanding (MOU), joint-venture company set up, mainly engaged in digital China is currently engaged in information technology and value-added services and innovative information technology solutions.


Digital spokesman, said Li Yan: At present, the two sides still in the stage of strategic cooperation, and reached a non-legally binding memorandum of understanding is expected to be released in January 2008 detailed cooperation plan. .


The so-called "information technology and value-added services and innovative information technology solutions business," namely, value-added distribution business, the digital arm of the business of the company including digital China management system co., Ltd., SI-tech information technology co., Ltd., Guangzhou Xinlong technology, guosen North network, etc..


Reporters learned that Digital China plans to divest the business alone, and then through the acquisition and financing, to achieve in the domestic A share market. .


Digital internal sources, and Suzhou venture capital group is a business division of Kuo and capital operation begins, there will be a series of operations to be carried out. Allegedly, digital China plans to split out business also enclose IT services and its own brand of service, which includes a joint venture with Emerging, Kaloke financial consulting companies, and the joint venture GE, TIS Japan software outsourcing companies; the latter includes digital online technology co., Ltd. (joint venture with SOFTBANK), the digital network system cable companies, etc..


Ruan Ruhui comment:. .


1. August 2007, digital China nominally foreign acquisitions, in fact the funds from the Bank loan, Kuo old 0.10% shares into a shares holding 10.29 per cent from multimillionaires and became a billionaire, which should allow it to pay personal income tax (using the personal income tax software to calculate 3 billion RMB 1600 has been deducted and the "gold") $ 110683905 5 times = fine * $ 553419525.


2, Guo Wei exactly where to get 300 million yuan from the post in the British Virgin Islands KIL company (or a huge unidentified property suspected of embezzlement of public funds) then the name of the company's acquisition of Digital KIL shares? (In accordance with the laws of Hong Kong-owned property on the alleged inconsistent with the duties, income and the ownership of property disproportionate to the income and expenditure imbalance, embezzlement cases, you can refer to Skyworth Stephen Wong). .


3, from December 2007 to August 2008 Kuo old 10.29% shares into a shares holding 40.40% should also make it subject to personal income tax.


4, Digital management holdings of 9.8% as the largest shareholder 2010.05.19 20:02 Netease technology Wangjie Cong. .


NetEase tech news on May 19 in the evening news, the Hong Kong Stock Exchange announcements just disclosure, Lenovo holdings under IT distribution IT consolidation services enterprise digital company's equity. By Kuo-oriented management holdings offshore companies KIL, 10.5 HK prices Lenovo holdings overseas Ltd, a wholly-owned subsidiary of naming 9.8% stake acquired, KIL has also become a digital first major shareholder. Digital China, this transaction has been completed and approval. Lenovo holdings in digital share will be reduced to 5.52%. The KIL's stake increased from 8.76% to 18.56%. Announcement shows the company will KIL Ming sell 100 million shares, a price of 10.5 Hong Kong dollars per share, compared to today's closing price of 10.68 Hong Kong dollars, will be a discount of approximately 2%. Digital closed down 3.26% today, the Hong Kong dollar 10.68 per share. .


Digital China management holdings 9.8% source: NetEase Tech News 2010.05.19 19: 32-Peng.


SAN FRANCISCO May 19, according to HKEx data, Digital China will increase its 100 million shares of the management of the company's shares, or about the date of this announcement, the Company has share capital of 9.8% in hair. The average price of 10.5 Hong Kong dollars per share, the management of its equity holdings from 8.76% to 18.56% increase in the purchase price of 105,000 million Hong Kong dollars. .


5, digital China management holdings, Lenovo holding 10 billion transfer 10 per cent stake in 2010-5-25 Sina Tech News 14: 33.


May 19 evening news, according to the Hong Kong Stock Exchange announcement revealed that Digital China Holdings Limited significant changes in ownership structure. Guo Wei as a major shareholder in an overseas company, KIL, will buy 1.05 billion Hong Kong dollars overseas wholly owned subsidiary of Legend Holdings Inc. Lane Limited (RLL) in Digital China in 9.80% of the shares held. Digital China, said the deal had been completed the relevant approval. The transaction is completed, Lenovo Holdings Limited Digital China still retained 5.52% of the shares in proportion. .


Digital China President holdings 1 million as the largest shareholder 2010.05.20 Sina financial 11: 00.


Sina Financial News May 20 News, Digital China is reported 11.18 Hong Kong dollar rose 4.68 percent. The company reported 10.5 per share Guo Wei, Chairman of the Hong Kong dollar, the other shareholders to acquire 100 million shares Lane Limited number of shares of God, involving 1.05 billion Hong Kong dollars capital, so that shareholding increased to 18.56%, as Digital China's largest shareholder. Transaction, the holdings of the Southern Ming fell to 4.05%. .


For more information please read the end of the world community http://yuanruhui. .blog. .tianya. .cn blog http://yuanruhui. .blog. .com .cn .techweb../..

Asia Standard stake in Lenovo, Tuesday announced details of the source: The Beijing News, Posted on :2009-09-05: Peng Wu, Lin Qiling. .


"The transfer of the CAs listed holding 29% think", the end of the track publicity Oceanwide holdings into the only eligible intentions, the assignee party will become the third largest shareholder, Lenovo holdings.


(Reporter Peng Wu, Lin Qiling) Academy of State-owned Assets Management Co., Ltd. (NSC Holdings) transfer in the China Beijing Equity Exchange listed holding 29% stake in Lenovo, publicity end of yesterday. And had the same rumors, Lu Zhiqiang, China led Asia Standard Group become the sole intention of eligible transferee. .


Press spokesman for the national holding chuanzhong week yesterday told reporters that besides Banking Federation (ibfed) publicly available information, no information may be disclosed. But next Tuesday (8 September) in the morning, Lenovo holdings will hold a press conference in Beijing, including entrepreneurial Department of all Lenovo will attend high level, specific details will be publicly available.


"Including Lenovo, of all subsidiary of Legend Holdings executives will attend the major." Insider yesterday said, "In addition to disclosure of Asia Standard Group shares the details of Legend Holdings, the Liu Legend Holdings will open a new strategic planning, and post some important news related to Lenovo Group. ". .


Lenovo holdings in 1984 by the Chinese Academy of Sciences to create 20 million Yuan investment. 2008 Lenovo Holdings Consolidated turnover amounted to 1145 billion yuan, the total assets of $ 652 million Yuan, have Lenovo Group, digital China, legend capital, five core subsidiaries.


National Science Holdings on August 7 this year, Lenovo officially listed holding 29% stake in the transfer, offer 2.755 billion yuan. Asia Standard Group took over to become the third largest shareholder, Legend Holdings, the state-owned assets on behalf of the NSC is still controlling the ratio of 36% to maintain the status of the largest shareholders. .


For more information please read qihoo http://tui. .qihoo. .com/37881115 Sims http://blog. .stnn. .cc/ruanruhui/blog.


Lenovo is the public funding of "the Association's country retreat," Beijing Daily Wei Li case. .


One is born in the "China's Silicon Valley," Beijing's Zhongguancun high-tech enterprises, is a real estate in Shandong founded enterprises. In it, the reason songhong is insufficient to support Lenovo holdings sold 29 per cent stake to Oceanwide holdings, critic and Lenovo holdings is trying to complete Association of internationalization "unwise". Looks like there is no intersection of the two enterprises because of the capital. Through huge amounts of money to invest, Oceanwide holdings to become the third largest shareholder, Lenovo holdings. Performed one after another in the capital market "Mountain Steel Steel Merger Date", "Mengniu shares in the grain" and "Country people back into the" big show, the Asia Standard Group and Legend Holdings is subversion of this "conventional" staging "the Association's State out "of a typical scene. .


First, the State remains the largest shareholder.


Legend Holdings and China Asia Standard Holdings Group, announced yesterday, as the controlling stake in Lenovo the only one listed on the resulting eligible transferee, Asia Standard Group to become the third largest shareholder, Legend Holdings, holding 29%, trading at 27 . .55 Billion yuan, all cash transaction. .


Oceanwide holdings does not enter the national holding account until you associate with 65 per cent of the equity holding, Lenovo holding employee stock will account for 35%. After this, the transfer of equity accounted for 36% of the national holdings remains Lenovo holdings, the largest shareholder, Lenovo holding employee stock will account for 35%, Oceanwide group accounted for 29 per cent.


"Legend Holdings shares less than 29% to 28 billion!" A lot of people that after the amount of this transaction to issue such a sigh. The figure of the Legend Holdings pricing should be about 10 billion yuan. However, if a subsidiary of Lenovo Group Lenovo Holdings current market value reached 300 billion yuan. As a result, the industry issue "whether the assets were sold to fraudsters Legend Holdings" challenge. .


In this regard, the General Manager of the national holdings Jimmy Tang village, 27. .55 billion this price in accordance with the provisions of the State-owned equity transfer, undergo a rigorous evaluation process to determine the assets and not just by an individual pricing. Bargaining process reports, pricing is not a national holdings and Lenovo holdings can be manipulated.


National Science holding a "State-owned Assets Management Co., Chinese Academy of Sciences Company" for short. The company was founded in April 2002, funded by the Chinese Academy of Sciences on behalf of the State, is the State. Ownership structure of enterprises based high-tech industries, the early creation of Legend Holdings, has been invested 200,000 yuan Chinese Academy of Sciences. .


It is reported that, to promote high-tech industry scale and institutes, the enterprises invested in the continuous and healthy development, Chinese Academy of Sciences actively promote the investment company Institute, including capital, management, marketing, etc, good social resources, the realization of equities to form a reasonable corporate governance structure, and by 2010, the investment in enterprises, schools, the shareholding ratio dropped to 35 per cent of the objectives of the reform, which has lasted for six years. According to this spirit, Lenovo shares will not change. Selling Lenovo shares, just under the "Chinese Academy of Sciences will flag the equity part of the socialization program".


Yesterday, "IT Godfather," Liu, chairman of Legend Holdings, said on its deep appreciation to the National Science Holdings: "No Chinese Academy of Sciences, Lenovo entrepreneurs can not go on this road a few days ago to the way we report on the President and the Academy of Leadership , he also repeatedly expressed to us, 'we think the next largest shareholder, in your difficult time, we can still help out'. ". .


Second, the Association of private enterprise "blueprint".


Legend Holdings is the parent company of Lenovo Group, Lenovo Group's five major sections, namely, Hong Kong-listed Lenovo Group, Digital China, as well as Legend Capital, Hony Capital, Finance Division Land. Successful spin-off Lenovo 2001, Lenovo Holdings in venture capital, equity investment and real estate to explore expansion of accumulated experience. Since 2004, Liu will focus on the work of Legend Capital, Hony Capital, Finance Division Land development and listing. .


Many people have such a confusion: "Lenovo is not a private enterprise?" is defined broadly in private enterprises, non-State-owned enterprises to private enterprises. Lenovo holdings will account for employee stock ownership Association holding 35 per cent of the shares, so that the Lenovo holding is a private enterprise. The National Federation of schools also told us that Lenovo holding is a private enterprise. Lenovo holdings in a decade-scale private enterprises continues to be the champion. However, the Chinese Academy of Sciences of the State property background, Lenovo holdings is difficult and the "private enterprise" together.


"Internationally, many customers may think that is a state-controlled holding company." Liu said, "I remember Legend Holdings acquisition of IBM..


PC shortly after, we in the US State Department has a big list, and later the United States a Honourable Lenovo holdings is a Chinese State-controlled company, the results of this order. ”。.


Liu stressed: "Asia Standard to join later, better able to explain from the perspective of Lenovo shares is a full run of the enterprise, I believe that from this point of view, on the 'lenovo' brand in the international aspects of the business is good.". .


Lenovo holdings and Oceanwide holdings in real estate and certain categories of investment projects. With the introduction of Pan-Ocean Group, Lenovo holdings at the end of this year there will be a series of new business. Analysys International, Chief Operating Officer of Yang thinks this is Lenovo holdings diversification strategy of a move. Lenovo holdings have long been a wide range of development paths, the introduction of Pan-Ocean Group makes its ownership structure, the diversity of its resources to obtain some of the industry, "such as Oceanwide holdings in real estate, finance, energy, investment, which is expected to be advantageous for Lenovo holdings acquired these trades resources".


Asia Standard Group has experience in the coal chemical industry. Yibing Wu, executive vice president of Legend Holdings, said clean energy, clean energy or power is an important investment in the direction of Legend Holdings, Lenovo Holdings coal chemical industry is also concerned about the direction, that direction must have cooperation with the Asia Standard, but not limited to the field. Media reports in the next five years, Legend Holdings will invest 10 billion yuan in clean energy, new materials. .


In addition, Lenovo will also no longer only PC business. Lenovo Group Senior Vice President, said, "now chenshaopeng to try a new business." Lenovo Group currently has three fields: the mobile Internet, cloud computing and the digital home.


The listing for the issue on the Lenovo Holdings, Liu said it would start by listing a subsidiary, holding company listed on the way and then the overall market, while the market place will choose Hong Kong. But he also said that if the future A-share market to changes in the mechanism, the listing will provide more space. .


Third, the "private property" to enter the manufacturing?.


September 4 is a 29% stake in Legend Holdings listed on the last day of the Asia Standard Group is the only transferee. From early August the tender criteria is not difficult to see, the National Science Holding find the "buyer" is Asia Standard Group. .


CAs require that the transferee paid-up registered capital of not less than $ 4 billion in 2008, total assets is not less than $ 35 billion, and net assets of not less than $ 10 billion, nearly three-year average net profit to over 8 billion yuan, the main business scope should include financial, energy and real estate in three areas, in the above three areas of direct investment of not less than 20 billion yuan, and at least in one area shall have the holding of listed companies. But the sea group fully meet these requirements: registered capital of 41 billion, the industry also happens to be the financial, energy and real estate, in 2006 in A stock.


In addition, Liu also disclosed that he had met Lu Zhiqiang, chairman of Asia Standard Group and like-minded friends for years, so Legend Holdings and Asia Standard Group, the "hand" is no accident, nor is it a piece of paper bills auction and notice to interpretation. .


So, Oceanwide holdings also attracts Lenovo holdings "advantages"?.


Asia Standard Group Chairman and President Lu Zhiqiang, said: "Lenovo Holdings has a good reputation, strong strength and excellent management team, our long-term bullish on the future development of Legend Holdings. I believe this strategic partnership will bring new parties value, providing a more robust growth in energy, and the Chinese economy in the global economy in a new round of competition and cooperation to achieve new development and the rise of a strength of our contribution. ". .


The Chinese Academy of social sciences, Institute of world economics and politics Division Director, international trade, successful songhong move most well-known technology investment group, the successor of the self-evident. Songhong also raised over the past few years, the real estate industry profits is obvious to all, a very well-established real estate firm. This phenomenon also allows many manufacturers deviate from the main business, invest in real estate industry, "this is not a good sign," hindered the development of China's manufacturing industry, and also describes some problems in the manufacturing industry in China.


"After the advent of the financial crisis, China's manufacturing enterprises are facing many difficulties, if similar to the Asia Standard Group, the owner of such large capital investments, real estate conglomerate able to domestic manufacturing, manufacturing enterprises not only can solve financial difficulties, help earnings, capital flows such as Legend Holdings after the high-tech companies, but also contribute to upgrading the whole manufacturing sector and structural adjustment, technological level of the industry will also be increased. "Song Hong stressed. .


Songhong believes that the uncertainty in the market, some real estate enterprise with large amounts of unused funds, these companies can look like sea group as many areas of investment. In his view the Sea Group aquires holdings more sensible.


4, Legend Holdings, "the Association's country retreat" is one example. .


Lenovo holdings and Oceanwide holdings "marriage" has attracted widespread attention in the industry.


CCW Research General Manager Qu Xiaodong Liu is in favor of the view, in his view, the stock transfer benefit of Lenovo's brand image abroad. National Science Holdings to hold 29% stake in Legend Holdings transferred to private institutions Asia Standard Group, will reduce the state-owned shares in the proportion of Legend Holdings, Lenovo Group, which for its subsidiaries, the proportion of state-owned shares will be reduced. .


"Lenovo some overseas, sometimes in the bid will be considered and the close relationship of the Government of China, the proportion of State-owned shares will make it less affected. "Quxiaodong said.


However, in the Song Hong opinion, for this reason enough to support 29% of Legend Holdings to sell stake to Asia Standard Group, if Liu and Legend Holdings is to be done this way, the international association "very unwise." .


"China's State-owned enterprises and private enterprises or in the overseas acquisitions, search for orders, etc., will have similar, in many cases private enterprises are partners of foreign customers, considers that there is a loss of assets and background, and a lot of opportunities. Therefore, even if Lenovo holding full privatization, this would not be temporary. "Songhong said," a simple identity by State-owned enterprises into private meaningless, internationalization of prevention and not the ' nationalization ' will be able to solve. ”。.


Fei Xiang Li Gang as the network CEO, also said in the state capital have some action, "the people back into the country" in the background, the introduction of Legend Holdings is a private capital enterprise behavior, the current trend of capital market adjustments or the dominant state-owned assets status. "However, Lenovo's major shareholder Chinese Academy of Sciences on its impact is too great, even if the introduction of private capital, its operational approach still gives the sense of state-owned enterprises." Xiang Li Gang stressed. .


In addition, the experts also believe that this is conducive to adjust, government investment in State-owned enterprises are more concentrated, so there were many in the industry, "States into the voice of the people's retreat". But the fact is that private capital and foreign direct investment in the capital market is also very active, but the State property to hidden. However, the main leading adjustment or by State-owned assets.


Academic Committee of the State Council Development Research Center said Zhang Liqun, Deputy Secretary-General, the top ten industrial restructuring and rejuvenation program, important is to carry out voluntary mergers and restructuring companies. Present in certain sectors, such as steel, nonferrous metals, etc., have to have to adjust the time. In more areas, compared to private enterprises, state-owned enterprises to obtain better conditions for development, while private enterprises are relatively small because of its size, financial strength is relatively small, to enter these sectors may be relatively difficult for the larger. .


5. the sea there are four main focus aquires, Lenovo holdings were valued at $ 10 billion is reasonable or not?.


Some analysts pointed out that since Lenovo Group Lenovo Holdings's current market value of more than 300 billion, four percent of its shares of Legend Holdings, Lenovo Holdings alone means that at least 120 billion of assets, why valued 10 billion dollars? . .


Lenovo holdings CEO Liu said that cannot be assessed in accordance with the market value of shares value: "because the market value has downs vary greatly, the past two years, Lenovo's stock price was lower than, but also very high, so there is no assessment of the Office in accordance with the market value as credit standards. "China Oceanwide Holdings Group Chairman Lou said:" the value is the fair, the sea is recognized. ”。.


VI National Science controlling transfer of shares, how to spend the money earned? . .


Institute of the national holdings to sell shares of sea group was 27. $ .55, such a large amount of money you want to use?, Chinese Academy of Sciences, the national science holding Deputy Chairman of the Board and General Manager Mr Tang village, this sea group aquires holdings, all cash transactions. According to the State Council in 2001 on the CAs-reply of the pilot programme, the "first is mainly used for the transfer of scientific and technological achievements, hatching a new high-tech enterprise, the second is used for the Institute of high-tech talents".


7, Legend Holdings when and where to market? . .


Lenovo holdings has indicated that the introduction of Pan-Ocean Group capital after the first goal is to market, and now the Sea capital has entered, then the Lenovo holdings will be listed when listing? and where and how?.


Liu said that Lenovo Holding a virtual certainty, will not vague. "This is mainly because the public can raise more funding, so that we can have a better functioning, and on long-term incentives to our management team have a more direct impact.". .


LIU Chuanzhi, Lenovo holdings listing order must be listed first, subsidiaries and affiliates is growing, and is listed on the Lenovo holdings. But he also said: "in accordance with the provisions of the China Securities Regulatory Commission, China may not allow the parent, subsidiaries, now at the Hong Kong stock market requirements is fine, but I very much hope that in the past few years China policy changes, so we can have a more comfortable option. "This may mean that Lenovo holdings will use Hong Kong as a primary objective of seeking to market.


8, who took over the place of Liu, chairman of Legend Holdings? . .


LIU Chuanzhi has repeatedly emphasized itself serves as the Chairman of the Board is a "legend holdings has gang", does this mean for critic circle successor? and Lenovo holding five-person Board of Directors but Zhu Nan youngest. Does this mean that Zhu NaN is staging a Lenovo holding future?.


Liu said he served as chairman of Legend Holdings is an interval. "We have established a program, what kind of case I continue to serve as chairman of the board, under what circumstances I left. Although it can not determine who the next successor in the end, but the choice of standard I can say." Liu stressed that the people should agree with the values of Lenovo, Lenovo agreed methodology. That this person must have social responsibility, should have a strong entrepreneurial spirit, vision and lofty, aggressive and realistic. At the same time in business, be good at learning."We were we never done business, only such people can lead the Association. "Liu emphasized. (Stock star edited).


Please read the details of the global online space http://cblog. . Chinadaily. . Com. .cn / port / yuanruhui / Beijing News http://blog. . Bjnews. . Com. . Cn /? 10704 blog. .

Lu Zhiqiang and critic of 27 billion between Lenovo "scandal."


At 12:41 on September 14, 2009 Source: Weekly financial news, Liqing Yu. .


Lu Zhi-qiang1, 2 LIU Chuanzhi on Lenovo will be holding the position of Chairman of the Board, he then receive a capital important Fulcrum in the layout. "In the know and on the basis of mutual trust, love at first sight. "September 8, in the face of reporter, China Oceanwide Holdings Group Chairman and CEO, Lu Zhiqiang said that the words let sit in his side's critic laughing. "Love at first sight, this sounds a little bit about what to talk about this thing, certainly they don't even have any repeated consultations, no. "LIU Chuanzhi quickly gives the response.


With 2.755 billion yuan in cash from the Chinese Academy of Sciences on behalf of the hands of the transferee state owned holding 29% stake in Lenovo, Lu Zhiqiang done a cost-effective trading. September 8, holding the home in order to associate a news conference, claiming to be "just returned from overseas and returned to Beijing, tiredness, together with the variable weather conditions are difficult even to speak" in addition to the necessary speech to Lu Zhiqiang, has been sitting Grand Ballroom Sofitel Wanda the middle of the first row, from 9:00 to 12:40, he never left. .


Bought 27.55? according to Lenovo holding public disclosure, Lenovo holdings involved in IT, three industry investment, real estate, subordinate Lenovo Group (HK0992) digital (HK0861) two worth tens of billions of investment, listed companies and Lenovo Hony two investment companies, as well as planned for 2010 officially lands A unit of the real estate company to thaw, section.


Among them, Lenovo Group Lenovo Holdings holds a 40% stake, holding 16.23% stake in Digital China. Legend Capital fund management present scale of more than 650 million U.S. dollars, total turnover in 2008 3.267 billion U.S. dollars (about 22 billion yuan). Focus on M & A business, the total size of Hony Capital currently has more than 20 billion yuan, the Social Security Fund is the main sponsor. Although Raycom started late, but now also has 300 million square meters of land reserves and commercial real estate. .


Lenovo holdings also announced the day after the new shareholding structure of the Board of Directors, i.e. Mr. LIU Chuanzhi, Tang village, Lu Zhiqiang, MOH Chao, Zhu LIU Chuanzhi 5 persons, as the new Chairman of the Board of Directors.


"This is the course of development of China Asia Standard landmark in a major event." On that day, deep suit, dark tie Lu Zhiqiang even asked all of Asia Standard staff to the scene to be dark suits attended. .


Bought later do? "the most important of all, I am still optimistic about the future of Lenovo holdings. "Lu Zhiqiang said:" China Oceanwide and Lenovo holdings in real estate, energy, and many other aspects of the business, will cooperate in many ways. "This would coincide with the critic. "Asia Standard White Lenovo's main purpose is to support Lenovo's own strategic direction of the original, but this development strategies, there are a number of projects and cooperation between Asia Standard is available, such as real estate projects, such as a some categories of investment projects, when these specific problems, we will approach the specific case considered together with the management of Asia Standard joint action. "Liu said. "In fact, investment is Lu Zhiqiang value most."Coincidentally, in the China Sea became the company's third-largest shareholder, Lenovo holding strategically significant adjustments to existing legend capital and Hony Foundation, launched by the Association holding Executive Vice President, Wu also soldiers led direct investment, makes investments in the fleet, the" direct input in the next five-year business 100 million of capital, "said Wu also soldiers. According to him, the Lenovo holdings of direct investment business will focus on clean energy and environment, new materials, high technology, financial services, as well as domestic demand-related industries, and so on five areas of investment opportunities. Yibing Wu did not deny that in the new energy investment, and Lu Zhiqiang the possibility of cooperation. "This should be really optimistic about the future of Lu Zhiqiang.". .


Oceanwide Department strategic transformation? at September 8, Lu Zhiqiang articulate, according to the China Sea and long-term development strategy, the company will systematically in real estate, finance, energy, three major industries, on the basis of objectives to three to five years, through the expansion of investment strategy, investment structure of the Group and the strategic asset structure. LU does not disclose specific strategic direction, but he acknowledged that this transaction, China Oceanwide landmark significance. Although Lu Zhiqiang still lead the "Asia Standard Line" overcoming all obstacles, however, Lu The Legend Holdings and Legend Holdings to enter the strategic restructuring, in fact, is foreshadowed in the investment industry. "On the one hand can continue to invest in more rapid growth of SMEs 'Asia Standard series' own scale; the other hand, Lu, Liu, their qualifications and experience have been able to do more things.". .


Lenovo nearly 3 million shares by the bodies were dumped in Hong Kong, HK, cash 10.3 5.74 per share price.


Source: Beijing News, Published :2009-09-10 by: Wu Min, Peng Wu, http://www. thebeijingnews. com. .


Oceanwide aquires, which stock immediately encountered selling, I do not know how to look at the head of the human imagination.


(Reporter Wu Min, Peng Wu) in the parent company, Legend Holdings to China became the third largest shareholder of Asia Standard the next day, Lenovo Group (00992.HK) in the Hong Kong stock market experienced a large number of institutional investors to sell cheap. Affected by Lenovo Group yesterday opened low, eventually closing at 3.45 Hong Kong dollars, down 5.74%. .


A message from a reliable source, the leading this sell include institutional investors David Bonderman and Tarrant advisors, they respectively by the TPG (Texas Pacific), Newbridge Asia (new bridge Asia) as well as other investment company General Atlantic, each at a price of $ 3.55 selling 2.915 unit Lenovo stock, cash 10.3 billion. According to its 2005 purchase of Lenovo's stock price, the sale of three companies a total gain of 240.5 million Lenovo shares HK. .


This price compared to yesterday's closing price on the legend down nearly 3 per cent. Such enormous throwing up into the city, small and medium-sized institutions and individual investors confidence, causing the stock price plummeted, refresh 1 months of record.


However, some analysts said the acquisition of funds and the realization of relatively normal behavior, does not mean that Lenovo has no room for growth. With the global economic situation after rebound, rebound in demand for technology products market, Lenovo's share price this year is up more than 60% cumulative. .


These three institutions have more than one occasion to profit through investment Association. In 2005, they had invested 3.5 billion, to $ 2.725 per share purchase price of preferred shares and legend can be converted to ordinary shares of the warrants. In 2007, these three companies in each of the unit sell 8.16 3.5046 unit Lenovo stock.


Lenovo officials yesterday did not make any comment on this news, people close to senior associate, said that since listing, you must play by the rules, institutional investors optimistic, or bearish, is often nothing to do with company performance. .


For more information please read the Zhongguancun http://blog. .com .cn .zol..//Eastern wealth network mryuanruhui http://blog. .eastmoney. .com/yuanruhui blog.


Lenovo to sell shares in private equity funds TPG about 70 million U.S. dollars cash. .


Author: Wang heart source: 2010.02.24 techweb.com.cn date: 10: 27.


February 24, according to Reuters news agency Tuesday quoted the sales documents, Lenovo Group, the U.S. private equity investment company shareholders, TPG is a 5.45 by 5.35 dollar per share to sell 100.8 million shares of Lenovo shares, prices were Lenovo's Tuesday closing price of 5.49 Hong Kong dollar slightly from 0.7 to 2.6 percent discount, cash amounting to approximately 70 million U.S. dollars. .


Data show that Lenovo Group in May 2005 to 17.5 billion US dollars to purchase IBM laptop business release 3.5 million in convertible preferred stock, TPG purchase 2 billion. The above transfer of convertible preferred stock price-only $ 2.725 (converted to 10 million shares of common stock of Lenovo Group).


The placement is TPG in November 2007 and the following year in September, the third placement of Lenovo shares. Last year in September, TPG and the other two fund shareholder General Atlantic and Newbridge Capital Asia, placing 291 million shares have been Lenovo, involving funding up to 1.04 billion Hong Kong dollars. Earlier, General Atlantic shareholders, reduction of approximately 4,000 million shares in Lenovo Group cash. Lenovo shares in morning trading significantly weaker, or by its foreign shareholders, shareholders re-throw rumors drag. .


Daiwa Securities that still maintain a Lenovo Qiangyuda disk rating, the target price of HK $ 5.95, follow the 2011 expected results correspond to the price-earnings ratio is 25 times higher. Daiwa Securities is of the opinion that the Consortium during the past five years and gradually reduce the Lenovo Group co., this round of stock is not surprising.


Asia Standard Legend Holdings shares, one billion of state assets. .


The end of the world community economic forum authors Barrons blog http://blog. .sina. barrons .com. .cn/original financial analysis and commentary.


Time of the filing date 2009-9-13 17:06:00 Reply to access 778 11. .


27. the sea to .55 billion yuan to buy a Lenovo holding 29 per cent of the shares. This apparent already in private, no competition, no suspense, just walk a mere formality.


Legend Holdings should be worth? Because not a listed company, it is difficult to know. However, Legend Holdings holds a 42. .3% Of the Lenovo Group shares, and 16. .23% Of Digital stock. Lenovo Group is the market value of 32.9 billion Hong Kong dollars, the equivalent of 29 billion yuan, 42. .3% Of the shares is about 12.2 billion yuan. Digital current market value of 65. .5 Billion HK dollars, equivalent to 57. .67 Billion yuan, 16. .23% Of the shares of about 9. .36 Billion yuan. Light the two Hong Kong-listed shares on the value of 131. .78 Billion yuan.Therefore, Lenovo holdings is by holding it at least 131 billion RMB, and 29 per cent of the shares at least 38. .21 billion RMB. This is better than at least 10% higher price. Moreover, the Lenovo holdings and investments honyi legend capital, from land, and other companies. Do these companies together, the value is negative if the future Lenovo holdings listed price is much more than 10 million.


Therefore, the purchase of Legend Holdings, Asia Standard for the profits of more than 1.0 billion. This is the loss of state assets. The old Liu is based on more than 1 billion of state assets in exchange for Asia Standard Group's support to complete control of Legend Holdings. Since then, Legend Holdings is no longer the Chinese Academy of Sciences of the company, but the old willow in the family business. In this transaction, the old Liu is the big winner, Asia Standard Group is the second winner, only the Chinese Academy of Sciences is the taken for a ride. However, the "state" and no one really has, of course, no one cares. This investment, Buffett can not do.This is not worth the investment, but rather the interests of the Exchange, at the expense of the State-owned assets for personal gain.


Comments: Author: Sir Run Run Shaw, return date 2009-09-13,17:09:29 think its current problems, with similar, there are ... .... .


Author: makrhero reply date 2009-09-13, 17: 14: 55 current socio-economic, say bluntly that is too ambitious ... it is ….


Study: Barrons return date 2009-09-13,17:21:00. .


Since the end of the World Association of investment have, if it is not easy to please feel free to delete this post. I understand very well. Please accept our apologies for any inconvenience.


Study: Barrons return date 2009-09-13 17:25:17. .


Old willow may use Lenovo's plight to pressure the Chinese Academy of Sciences to sell Lenovo holdings of shares, so as to achieve personal goals. In the sea aquires holdings of the same day, TPG sold $ 10 million in Lenovo stock. Who will pick up?, perhaps, is the Chinese Academy of Sciences, is selling Lenovo holdings to money.


Study: Barrons return date 2009-09-14 17:33:28. .


Not Hong-Yi, melting, Lenovo, Lenovo holdings of investment in the hands of the stock is worth 131 billion RMB. Even if all changed hands, a maximum of 5-10% discount. If the Lenovo Group sold to Dell (is not such a consideration), and even more than the current stock price is much higher. 10 billion loss of State assets or the most conservative estimate. Hong-Yi, melting, Lenovo's zero investment valuation? why not any bid, to weigh the various factors to find the highest bid? excess baggage. You say that it is not the loss of State assets?.


Ruan Ruhui comment: It should be allowed to pay 1 billion * 25% = 2.5 billion enterprise income tax * 5-fold = 1.25 billion fine. .


Digital China management holdings 9.8 per cent into the largest shareholder of 2010.05.19 20: 02 Dave Satoshi NetEase technology.


SAN FRANCISCO May 19 evening news bulletin has just been disclosed in Hong Kong Stock Exchange, Lenovo Holding's IT integration services to enterprise IT distributor Digital China stake in a major change. Guo Wei-based management to offshore holding companies KIL, the price will be 1.05 billion Hong Kong dollars overseas to a wholly-owned subsidiary of Legend Holdings Inc. acquired Lane Limited 9.8% of the shares, KIL Digital China has become the largest holding shareholders. Digital China said the transaction has been completed for approval. Legend Holdings stake in Digital China will be reduced to 5.52%.And KIL share increased from 8.76 18.56 per cent. Announcements, naming the company will sell 1 million to KIL-shares, the price per share, compared to $ 10.5 today's closing price of HK $ 10.68, a discount of about 2 per cent. Digital China earlier this afternoon, closing down 3.26% to HK $ 10.68 per share.


Digital management of overweight 9.8% Source: ZDNet News 2010.05.19 19:32 Cheng Peng. .


NetEase tech news on May 19, according to the Nikkei information display, digital China management will increase the 1 million shares in the company or about the date of this announcement, the company has hair equity 9.8%. Average price per share to $ 10.5, management of its shareholdings from 8.76 to 18.56 per cent of the purchase price of $ 105,000 million.


Digital management of overweight, Legend Holdings 1 billion purchase of 10% stake in Sina Technology News 2010-5-25 14:33. .


May 19 in the evening news, according to the Hong Kong Stock Exchange notice disclosure, digital China Holdings Limited ownership structure changed significantly. To as the principal shareholder of Kuo overseas company KIL, 10.5 billion buy Lenovo holdings, a wholly-owned subsidiary of an overseas limited (RLL) naming in digital China holds 9.80 per share. Digital China, this transaction has been completed and the relevant approval. This transaction is completed, the Lenovo holdings in digital still retains 5.52 per cent of the shares in proportion.


Digital holdings of 100 million shares as President of the largest shareholder of Sina Finance 2010.05.20 11:00. .


SINA finance hearing 05/20/messaging, digital China is 4.68 per cent reported 11.18. The President announced that the company by Kuo 10.5 per share, to another shareholder nanming co., Ltd. acquired 1 million the number of shares, God Shezi 10.5 billion, making shareholdings to 18.56 percent, becoming the largest shareholder of digital. Transactions, the naming of the 4.05 per cent.


Additional evidence has been sent to the SAN http://yuanruhui. . Blog. . Ccidnet. . Com blog http://mryuanruhui. . Blog. . Ccidnet. . Com to download please. .




Supplementary proofs has been routed to the MSN ?ó ? ????í? ??ó?è?????í? ??éó?é????í? ì?àò?è????í? ???á????í? http://yuanruhui. .spaces. .live. Please first click .com/personal information click on the document and then click open my documents after Lenovo digital download and in accordance with the provisions of the law of the people's Procuratorate to report work pay bonuses.


Escape audit storm, IBM Blue Jusan useful to do this? Posted by Qing Jiang Yue. .


2004 year, China's economic life swept a monstrous absurdity: audit on the divine, in Erie, Skyworth and famous companies such as jianlibao, suspicion of irregularities in the functioning of the capital, a suspected informants of retaliation in violation of the law and were arrested at the same time, there is a similar problem is suspected, Lenovo "Godfather" of figures, LIU Chuanzhi, planning, promotion of Lenovo IBM PC business mergers and acquisitions, once again become shiny media heroes.


December 2004, when the Chinese central figure in the audit storm, the state auditor general Li Jinhua, a national television station CCTV annual economic figures. Meanwhile, another should be subject to independent audit, have been repeatedly reported, but every time safe checkpoints; their behavior can retaliate against whistle-blowers get higher authorities and the public to support a large number of media, the public sought after; leading figure of China's economy Liu , also on national television to another channel, to accept its prime-time "information access" of public praise. .


At this point, because in the minds of the "technical", known as Lenovo brings the first pot of gold, academician of the NI Guangnan, still, because of its report to the parent organization's behavior felt. 他已于1995年因为举报，而被联想免去总工程师职务；再于1999年被联想公开开除，联想不惜召集新闻发布会，向全社会公示：他们要开除这个不知改悔的举报人，他们还要公开剥夺此人作为创始人的全部股权，“赠予”500万元人民币给愿意接受倪光南的新单位，而非倪光南个人！形成对比的是，香港商人吕谭平等个人，作为联想集团前董事，已使香港联想连年亏损数亿港元，却“公开（因倪光南举报而被迫公开）”获柳传志“曲线赠送”的联想集团股权，共计套现近百亿港元，因此成为全港数得着的亿万富豪，随后移居美国……。.


As with Ni Guangnan, virtuous founder of Lenovo Liu, Li Qin and other individuals, as well as some key staff, but also the subsequent approval by the amount of equity ranging from Lenovo. Although they were released that the equity share and cash of millions of camera, do, or even a 100 million yuan income, including Liu myself, and caused huge loss of Lu Tan Hong Kong Lenovo equal remuneration received by individuals from the association, like the sesame on watermelon, are simply not comparable! . .


. .


One of the foreign Lu Tan Ping has a public publications coming out, sitting in his personal possession of several tens of millions of dollars worth of luxury yacht, the Lenovo employees claimed that he realized from Lenovo, the cash proceeds of up to 36 million, and that 40 billion dollars.


Not not allow foreign access to proper and appropriate rights, the problem is the "curve" leading to such a huge amount of foreign equity and cash income, and allow it to cause huge loss of our association for several years "to mobilize the enthusiasm of foreign investors (see the Chinese Academy of Sciences open files)" This is consistent with business rules? Such "rules" too far! . .


The NI Guangnan, from 1994 to the higher authorities to report human capital operation may be a serious problem, NI and critic in Lenovo stock options (i.e. internal venture at Lenovo) are the same.


Surprisingly, Liu and Lenovo Group this public act against informers, the long term actually be higher authorities acquiesced, or even open support, public defense; a large number of blatant disregard for even the Chinese media openly sought after! Recently, in a number of "owned Economy" case because of the loss of state assets caused by the universal condemnation of the case, Lenovo's "owned Economy" is still no one dared to question. .


LIU Chuanzhi has not only about Lenovo's "Godfather", also called Chinese enterprises listed on the Hong Kong stock exchange, playing with the "State" and "Godfather"!.


Please read the details of the CCTV network http://blog. . Cctv. .com/html/07/925307. . Html blog http://blog. . Cctv. .com / yuanruhui. .

IBM Lenovo marriage contrary to the interests of the United States Posted by blue dawn.


February 1998, Compaq acquired Digtal; 2002 年 5 months, HP acquired Compaq; no never lead to an excited.To the final result is Digtal make the HP Compaq; throughout the world, the most beautiful, most powerful female CEO Kali, just a mistake due to acquisition of Compaq, and the Board of directors cut right, have to start her wrong stubborn pay ... in the PC industry more than 20 years history, has never been a "mouth", and finally it can Hospice example … do, Lenovo – IBM PC can exceptions? .... who will pay the price? ... IBM Lenovo?? the Chinese people, or the American people? ... in the back of the roulette gamble, we once again see a familiar figure, a familiar gestures, familiar with generous! ... . .


As early as three years ago, on 1 November 2001, Kunming, China IBM Annual User Conference, I have a question, jade face: "IBM PC whenever you are ready to throw out your own business?" at that time, IBM has just set its perennial loss storage business success. As an IBM partner and Chairman of the Board, that was then, Peter, Zhou Wei Kun-lined the runaround. No one can deny is the IBM PC set the industry standard, has two years in the PC wave of brilliant, just two years it! That is 80286 times! Objectively, the PC industry 20 years of development history, IBM has always been a taken for a ride, though does not want to be a matter of fact, IBM has been a cutting your "meat", feeding Microsoft, Intel, once the "PC King" Compaq, today's "PC King" Dell a "Huolei Feng", "porter."IBM's spirit of Lei feng, make it worse off in 1994, buried in the "belly" PC, after coming to power, guoshina spell romance shouting "PC era is over!".


China's growth lagged slightly faster than North America, in 2001, IBM Greater China chairman Zhou Weikun finally shouted he had been trying to say a word: PC is being expelled from the center of China's IT! I wrote in this turning point, "who subvert the IT structure," was published in "Southern Weekend" Xu Zhong editor. .


Spent 3 years, IBM has finally persuaded him to a legend, a nice price, hold yourself this promise big wart (China's largest PC manufacturer Lenovo Group 8 in Beijing company with IBM, Lenovo to total 17.5 billion US dollars to purchase IBM Global Desktop, notebook and its research and development, purchasing and the burden of its debt, IBM will have 18.5 percent of shares) ironic is that when the IBM PC was Lenovo announced merger news, Wall Street, stocks rise; IBM, Lenovo stock tumbled. The U.S. government will investigate the case came news that Lenovo has gone against the tide surging stock; there are reports that IBM Lenovo Bush has been hired as a lobbyist, it is possible that the transaction will ultimately adopted, the Lenovo stocks tumbling again The association of shareholders or attitude ... ... and then clear, however: they think that this "marriage" harm the interests of Lenovo, Lenovo increased risk. Its negative associations, is detrimental to the Chinese people! British "Financial Times" and even said that if the U.S. government rejected the case, is equal to rescue association. .


China's private enterprises the other side of the banner of TCL Corporation, Thomson in France (Thomson) and joint ventures accounted for a majority share. Thomson television and DVD business losing the business into a joint venture, get rid of their baggage. TCL then Alcatel (Alcatel) losses of mobile business conduct similar acquisitions. These business irony is that, due to the Chinese domestic market was rife with foreign operators, the Chinese manufacturers are forced to develop export markets. In fact, the Chinese part of the market now looks closer to maturity, excess supply, which makes Chinese companies are "forced" to overseas acquisitions. In response, TCL shares to complete the series of acquisitions in six months, plummeted 20 percent, full year 2004 loss of 7.5 million U.S. dollars, until September 2004, TCL had to reluctantly peel, which has just spent a lot of assets bought mobile phone ... .... .


Digtal-Compaq from 1998; 2002-HP Compaq; 2004 TCL-Alcatel-Lucent; regardless of the PC industry, or PC industries; China's domestic and global markets, so close in time and space, so vivid, so real with the warning, ignore the Lenovo why? to must be willing to stopping withdrawal? only explanation is that the human-led Lenovo's generosity, Yoo's association with the usual gamble personality. For example, in 1992 the "gift" to the curves of several huge foreign personal interests. ... .


Each individual, due to some reasonable or unreasonable reasons, or in specific historical conditions, are likely to make mistakes. Here, I am afraid that only Jesus can be an exception. Once people have done something wrong, mostly a psychological shadow. Especially when such an error could lead to jail, people always find ways to cover up, even at the cost got a scapegoat, so once they are wrong, and often same mistake again. In the absence of objective monitoring, there is no binding case law, which was originally a basic law of human nature. .


If we say that from 1992 to 1994, the critic is in serious errors in the operation of the capital, is a very special historical background, at the so-called "State-owned" enterprises, serious malformations, property rights mechanism on Enterprise founder, entrepreneurs lack of interest. Then afterward, LIU Chuanzhi again and again to the whistleblower retaliation; more powerful money forces, criticism of the media, journalists, long-term oppression; the use of money interference suppression of criticism of public opinion, is kerenshubukeren!, a social justice and civilization. Objectively speaking, since 1994 has been reported to the layman's perspective, Liu can be said to live under the tip of the ... ... any person living in this state, must constantly seek for themselves new umbrella, the new equilibrium point, IBM Blue Jusan useful to do this? Of course, this is a social tragedy, I believe, with Liu's talent, if living in the Ding Lei, Charles Zhang who's, will not have to be questioned today, the association of original sin. .


Personally, I abandon questioned: IBM and Lenovo this transaction, the legality of all legal documents. I produce sufficient legal basis for the description of the 1992 Hong Kong suspected associating equity structure, will affect in December 2004, IBM and Lenovo, the legitimacy of transactions. Currently, I think I did a sufficient legal basis.


These days, with some international friends to communicate, they told me that a company public funds to foreign individuals "curve giving" huge loans 5.52 million dollars, so that it leaped from a minority shareholder in the listed companies accounted for 34.214 % equity shareholder; and creditors, as the largest shareholder, but only after listing of only 38.785% of the shares. 5 years later, when foreign investors before the stock soared, throwing stock cash, debt and the remaining proceeds from nearly 10 billion Hong Kong dollars note owned by him.This ridiculous "borrowing", if not by creditors of the company's Board of Directors, the formation of collective discussion and a resolution in writing; if it is not in stock when they will be the major shareholder of funding sources to all investors, shareholders clearly; if everything were black-box operation, regardless of the place where, Hong Kong, London, Wall Street, not about suspected fraud. What's more, according to Chinese law, such a huge Exchange "borrowing", you must also have passed the State administration of foreign exchange, and other departments of the approval by the Association to date is not due to legitimate files.


IBM and Lenovo's trading, short-term benefit of the IBM, of course, Wall Street's performance and it can encourage, but to the future, whether it constitutes IBM brand and reputation? Advise the Big Blue, not the kind of country where the alleged violation of the law, for breaching the principle of commercial morality and business integrity, business practices as ugly blue umbrella. Currently, the U.S. government is hesitant on buying it.I want to say that such transactions may not be beneficial to the American people! "to the Chinese people the same negative! first of all, from the industrial level, such mergers have Lenovo, will also be used as the second largest shareholder of the IBM PC in harms way!.


Second, this pattern reflects the true genius and courage Liu's association, however, all of this, only the relevant law enforcement authorities in China may create more difficulties for the independent investigation! . .


For more information please read cnfol http://g. .cnfol. .com/yuanruhui blog http://blog. .cnfol. .com/yuanruhui.

Lenovo Editorial. .


According to Lenovo (0992.HK-news-company information) question, strongly reported.


Lenovo announced yesterday taken the first step in the international market, the price to spend 1.75 billion (including debt, cash and new shares) is equivalent to 13.65 billion Hong Kong dollars, to acquire IBM's global personal computer (PC) business, this is the state-owned enterprises the largest ever overseas acquisition. However, the business loss of 258 million U.S. dollars last year (equivalent to 2.01 billion Hong Kong dollars) of net assets was negative 680 million U.S. dollars (equivalent to 5.3 billion Hong Kong dollars) and the new Lenovo purchased the company's headquarters moved to New York. The historical acquisition includes Lenovo can use the IBM 200 项 trademark rights for a period of 5 years.The Association also provides an opportunity to go out of the international.


13.7 billion to buy the Lenovo IBM personal computer business (blue negative equity 5.3 billion) loss last year, 2.0 billion of the business, Lenovo's shares slid 3.7%. .


For Lenovo IBM Business, the public has the right attitude. Public stocks accounted for 43% of the original legend, this time buying and selling stocks, shrunk to 35 per cent; Lenovo holdings representing 57 per cent, shrunk to 46 per cent of Lenovo holdings willingly give IBM stock, the public may not be willing to. Who will be selling Lenovo stock. More importantly, to the IBM 6.5 billion cash, means that within the next five years, Lenovo is difficult to give shareholders dividends. Blue chip investors will also be used to sell them.


Gartner principal analyst of hardware Chung Ying Qian pointed out that transaction on favorable IBM, IBM While the sale of hardware business, but the transaction agreement has allowed IBM to maintain relations under the new Lenovo's customers, such as the new Lenovo computers sold to IBM brand, IBM has a priority the right to provide information services to the customers, means that although the boot IBM PC manufacturing business, but still emotionally attached to service opportunities derived therefrom. .


UBS-China Joint Research Department in charge of the piece of bridge that while Lenovo acquired IBM computer business credit is very cheap, but with the price to $ 17.5 billion acquisition of a sunset industry products, it is not a value, because the computer business in high-growth period has expired, and the competitive situation has been fixed.


"Economic Link Newsletter" "Macquarie issued a report that Lenovo (0992) acquisition of IBM personal computer business, is now ranked among the world's third largest computer companies. I believe IBM personal computer sold to the company, but Lenovo will bring more key negative impact ratings for Lenovo sell. " .


The fine points of Macquarie Securities Dealers: Lenovo's new acquisition projects with a number of negative factors, it is recommended that you sell.


Macquarie believes that is the second acquisition, Lenovo will have to face the loss of high-risk implementation and staff, the management has to deal with instability in business strategy, such as net debt increased pressure on earnings per share and return on equity to be diluted. .


Macquarie noted that IBM will be in loss of computer business sold in exchange for 17.5 billion, in other words, the relative disadvantage of Lenovo, Lenovo will continue to face competition in the market. Although IBM Enterprise computer business in the United States leading, but merged Lenovo business will have a negative impact, because the US market businesses do not understand the Lenovo brand.


At present most of the IBM computer was produced in the mainland, Macquarie believe further cost reduction is limited. As for the association to enter the U.S. market is difficult, because there is no known association to the local and said that IBM acquired research and promote an increase in wastage. .


For more information please read the Union space http://www. .myspace. .cn/yuanruhui blog http://blog. .myspace. .cn/yuanruhui.

Lenovo acquired IBM PC jerry, from 1250 to 1750 million. .


8 December 2004, Lenovo Group Chairman of the Board of Directors announced to the world the critic of such a significant message "I have the honour to speak on behalf of the Board of Directors to Lenovo announced Lenovo Group acquired in $ 12.5 IBM Personal Computing Division. "May be felt it should be stressed that he has appended a pay 12.5 billion to $ 6.5 billion in cash and $ 600 million in Lenovo stock constitutes".


Exclaimed a voice at the scene, the reporters quickly fill in the figure to be a good press release in advance and sent to the web as quickly, so "12.5 billion" a figure on the Internet began to spread rapidly. .


Conference is finished, Lenovo will have been crimping press releases to journalists, but when reporters are considering how to interview LIU Chuanzhi get more detail, it has very few people read the official press release, but it is in this copy of the materials of the first page that: "transactions totalling approximately $ 17.5", the fourth page clearly: "in addition, there will be 5 billion of net liabilities to Lenovo. ”。.


Which media has been very difficult to determine first aware of this "5 billion" in "joke", but the reporter was first seen in the reports to correct the Reuters news agency that although the news that "while Lenovo also IBM PC sector will assume 500 million U.S. dollars of assets and liabilities, "but the agency's reports or the continuation of the" 12.5 billion "mistakes acquisition of IBM PC sector. .


However, the second day, China Taiwan media coverage most 17.5 million figure, but this has been difficult to change most people's impression. As at 9 December, Google News, you can still see, using "$ 12.5" digital media have 3850. By adopting the "17.5 billion" figures only 272 articles, and more for overseas and Taiwan media.


In fact, on December 8 the association conference, in addition to Liu announced the acquisition of 1.25 billion figure, the entire one and a half-hour press conference, no one ever mentioned 500 million U.S. dollars of this debt. .


For more information please read the upland personal space http://i. .xilu. .com/yuanruhui blog http://yuanruhui. .poco. .cn.

Lenovo's merger, the tax planning. .


For more information please read the global online space http://cblog. .com .cn .chinadaily..//port/yuanruhui news http://blog. .bjnews. .com. .cn/? 10704 blog.


M & A tax planning. .


Source: Chinese tax, La Cui Wing Chun.


1, Dec. 8, 2004, Lenovo Group Ltd. announced the acquisition of high-profile IBM Personal Computing Division, IBM acquired the business of the global desktop and notebook computers of all business. So far, Lenovo will be the annual income of more than 10 billion U.S. dollars of the world's third largest PC vendor. The "She Tunxiang" The M & much concern to the industry. .


This is a great era of mergers and acquisitions, global merger surges layoff. Mergers and corporate mergers and acquisitions. Mergers generally refers to an enterprise's total assets and liabilities to another company, merger party does not need to be liquidated and ceased to exist, the merger parties themselves continue to operate; business acquisitions is an enterprise through buying stocks or shares to obtain control of another company or another enterprise management, continues to exist and not disappear. M & A is an asset reorganization act, is the enterprise of foreign expansion, an important way to achieve development, it can change the organizational form and internal equity relationships, and its essence is a business transfer of control or ownership. .


Tax experts said that the mergers and acquisitions inevitably involve tax issues. As the macroeconomic impact of micro-enterprises in any one of the important economic factors, the tax is the enterprise decision-making in mergers and acquisitions and implementing the important planning objects sometimes get tax breaks as an implementation of the merger one of the direct motivation. Reasonable tax planning not only reduces the cost of corporate mergers and acquisitions, and can even affect the corporate merger of destiny.


Second, M & A revenue behind the subject. .


In order to understand the rationale behind the merger, the journalist specialized tax topics interviewed tax experts. Experts said that, as a result of mergers and acquisitions involving asset trading, equity trading, and other aspects of the problem, it also leads to the appropriate tax problems, mainly reflected in the corporate tax, corporate tax, etc..


(A) business tax, the Ministry of Finance, State Administration of Taxation "on the stock transfer business tax issues related to notice" (Cai Shui [2002] No. 191), State Administration of Taxation "on the transfer of corporate property rights are the business tax issue approved" (National Tax Letter [2002] No. 165) and the State Administration of Taxation "on the transfer of all property companies do not charge VAT Issues" (Guo Shui Han [2002] No. 420) stipulates that: the transfer of enterprise ownership is the overall transfer of corporate assets, debts, debt and labor force behavior, not just its purchase price determined by asset value.Therefore, property transfers and enterprise sales of immovable property, the sale of goods and the transfer of intangible assets are completely different, which does not fall within the scope of business tax. Do not fall within the scope of VAT, as a result, the transfer of property tax should neither, nor shall pay value added tax. Equity transfer in intangible assets and invest in shares, participation to receive investor profit distribution, risk behavior, not taxes, nor to the stock transfer business taxes.


Tax experts, for example, A and B are the same scope of business the two companies, Company B because of poor management and successive losses, shareholders decided to liquidate and terminate the operation, a company wishing to target as mergers and acquisitions. If a company were to use cash to buy B's entire assets of Company B would be required to transactions involving real estate sales to pay business tax and related surcharges; if a company B company of merger, Company B's assets and liabilities of all transferred to a company account, the A company is required to pay cash can get B's operating assets, and Company B need not pay the business tax and an additional, tax saving effect can be achieved. .


(Ii) the corporate income tax, State administration of taxation on corporate merger business income tax (IRS issued [2000] No. 119), business combinations, typically, the merged company should be considered as fair value transfer, disposal of all assets, the transfer of assets, according to the payment of income tax. The combined company is paid to the combined company or its shareholders in the merger price, in addition to merging companies other than shares in cash, securities and other assets (referred to as non-equity payment), no higher than the face value of the equity payment (or pay book value of equity) 20%, examination and verification by the tax authorities, the parties can choose the provisions of income tax according to the following address: The combined company does not recognize the transfer of all assets of the income or loss, not counting the enterprise income tax; be combined enterprise the original shareholders of its holding company's shares were consolidated (the old shares) stake in the exchange of the combined company (the shares), not as a sale of existing shares, to buy new shares deal, do not pay income tax。 But no exchange of new shares will be made to shareholders of the merging companies all the non-equity payments, should be regarded as the holder of the old unit of transfer income, calculated in accordance with the Regulations confirm the transfer of property income or loss, according to the payment of income tax.


For example, A, B share capital of the two companies are 20 million yuan. A company wants to present the implementation of M & B company, through mutual consultation, to be in the following way: A company issues new shares in exchange for B shareholders holding the hands of some of the old B shares of the company; the rest of the B shares from one company to pay cash directly purchased. In this acquisition mode, the business plan should be carried out to determine the payment of cash and new shares for old shares of the ratio in order to maximize tax savings.If participating in the merger of companies choose to pay in cash more than 400 million, that is, non-equity payments exceeded the face value of the equity of 20% (400 ÷ 2000 = 20%), then the B company mergers and acquisitions have to pay corporate income tax, B shareholders will be subject to personal income tax. If A company is able to control the amount of cash payment of $ 400 or less, on the B Corporation and its shareholders, the exemption from income tax can be enjoyed. If the non-equity payment options at more than 20% of par pricing, then the company should be transferred from B to pay income tax, A company may be identified by assessing the value of tax assets to determine the acceptable cost, revaluation of assets in the depreciation period amortization period, will result in a decline in corporate profits, thereby reducing the tax burden of enterprises. Therefore, tax planning on the specific manner in which the merger, the merger of two methods to compare the tax changes brought about further identified. .


Jointly issued page〈 enterprise restructuring in several tax business issues of the provisional regulation > (IRS, [1998], no. 97) stipulates that companies to absorb the merger or reorganization, merger means being absorbed or merging of enterprises, and the remaining enterprise complies with the conditions of the taxpayer, should be conducted separately for the loss. Mergers, mergers before make up the losses, with its operating income in the future. The new combined company to approach and to absorb the way of a merger or acquisition merger and acquisition business is absorbed or the taxpayers do not have independent status, the business combination or merger, before the make up of the operating losses, tax regulations in the period up the remaining period, from the consolidation or merger of the companies continue to make up for year after year.In addition, jointly acquired by foreign investors and equity-related tax issues (IRS issued [2003], no. 60) on foreign-funded enterprises restructuring business equity, where the change in the established enterprise share of foreign investors for more than 25 per cent of the enterprises with foreign investment in accordance with the applicable tax laws and regulations and pay the tax. Change the establishing of enterprises which have been irremediably place operating loss, loss of tax law provided for a fixed number of years remaining period established by the change of foreign-invested enterprises continue to compensate for.


As a result, tax experts said, corporate mergers and acquisitions if the higher level of profitability, to change the overall tax level, you can choose a large net operating loss of business as the M & A targets. Through profit and loss cancel each other out, the enterprise income taxes. Therefore, the target company not to make up for the loss and not enjoy complete to decide whether tax incentives are an important factor in mergers and acquisitions. .


For example, there are two of the net assets of the same target companies a, b, it is assumed that the other conditions are the same, the company has allowed to make up for losses beyond the year 2000, company b does not have to compensate for the losses, the loss of the enterprise will become the preferred destination of the merger of the company, since the merger of loss-making enterprises in more than 20 million loss can be set after a year of mergers and acquisitions corporate taxable income, thereby saving the enterprise income tax 660 million (2000 × 33 per cent). Of course, when the loss-making enterprises in the merger, but also pay attention to the possible acquisition after the negative impact of declining performance and cash flow caused by poor "overall anemia" to prevent the acquisition of enterprises have been dragged into the corner. .


In addition, in the special economic zone, economic technology zone registration business to give a series of preferential policies on income tax. Mergers and acquisitions of companies can choose to enjoy these preferential measures target enterprises as acquisitions, changes in the mergers and acquisitions of the place of registration of the enterprise as a whole, so that the mergers and acquisitions tax subject to income tax concessions.


Third, detailed planning for acquisitions of contribution. .


Tax experts told reporters that the enterprises in the merger process, feasibility analysis is essential. It includes not only on the enterprise's own economic sustainability analysis, but also including corporate tax burden analysis. Corporate mergers and acquisitions is a complex process that involves many aspects, including selection and acquisitions target enterprise, select, and purchase QL, select the desired financial merger and financing methods, select merger accounting methods, different links you can carry out different tax planning.


"With this acquisition, Lenovo paid 1.25 billion U.S. dollars, from 6.5 million in cash and 600 million U.S. dollars in Lenovo stock form, that is an option for acquisition of contribution." Refer to the latest Lenovo acquisition of IBM incident, the tax experts to focus on examples of journalists of contribution links with M & tax issues related to. .


Merger press SA can be divided into cash purchase of asset-mergers and acquisitions, cash purchase of mergers and acquisitions, stock-to-stock exchange for the assets in mergers and acquisitions, stock-for-stock-mergers and acquisitions, etc. From a tax perspective, corporate mergers and acquisitions which form of investment is learned, select a different form of investment, it will bring different tax burden.


Shows that enterprises in mergers and acquisitions tax planning, it should be the starting point according to the company itself, to comply with the principle of cost-effectiveness, comparative analysis, to find the best way acquisition in order to reduce the tax cost of acquisition of the two sides to achieve "win-win." .


For details, please read the Zhongguancun http://blog. .com .cn .zol..//Eastern wealth network mryuanruhui http://blog. .eastmoney. .com/yuanruhui blog.


Lenovo's acquisition of tax planning. .


Source: China business 01/27/2007.


2007, in addition to the acquisition of state-led strategy Suo outside events, businesses curb the tactics between the frequency Chu also become competitive acquisition needs and means, but to seek the success of mergers and acquisitions are not easy, in addition to cultural barriers caused by differences , the huge cost of acquisition down the M & A business is often the culprit. .


I. merger costs, many people will naturally think of enterprise merger and acquisition targets the costs incurred by enterprises, in fact, it often is just part of the acquisition cost, sometimes or a very small part of it. A large number of mergers and acquisitions costs hidden in mergers and acquisitions risk exposure and business process integration. Well, M & A business should be how to assess the pre-merger costs of the merger, how to reduce the acquisition of strategic expenditures and maximize risk-averse lose? This column will cover participation in mergers and acquisitions law firms, accounting firms and investment banks, experienced professionals, with a series of mergers and acquisitions case analysis, summarized the key to M & A process and key factors for business tips and techniques related ideas. .


Second, no one will forget, 8 December 2004, Lenovo to no-show 17.5 billion acquisition of IBM's global PC business, officially opened the global layout in suggests. However, if you carefully study the merger on the unprecedented large acquisitions, a total of $ 17.5 million purchase price, the Lenovo Group why "6.5 billion cash + $ 600 million to Lenovo stock" method of payment the payment way behind what strategy?.


Some may say that if all the cash acquisition, Lenovo paid 1.25 billion U.S. dollars in temporary cash too, and if all convertible, in accordance with the 600 million U.S. dollars in Lenovo shares equivalent to about 18.5% stake in the calculation, all for After stocks, IBM will hold 38.5% stake in Lenovo Group, the shares owned by Legend Holdings will be reduced by 25%, this way, not Lenovo acquired IBM's PC, but IBM Lenovo eaten. .


So, why not suggest "5.5 billion cash + 7 $ Lenovo stock" or "4.5 billion cash + $ 800 million in Lenovo stock?".


TCL deal was surgeon Jiayuan Law Firm in Beijing Ning Shi Ben lawyer explained to reporters: "This is a very important issue which is - taxes, in fact, a merger in any case, the M & M Enterprises in the choice of objectives and funding methods are needed before the tax planning, designing optimal cost structure. ". .


Third, based on mergers and acquisitions tax planning goals.


"If a high level of profit corporate mergers and acquisitions, to change the overall tax situation, choose one with a large net operating loss of business as the M & A target. Through the profit and loss cancel each other out, the enterprise income tax reduction." Ning Shi Ben Counsel Tax Planning M & A's about the prevailing rules. Cf this rule, look at Lenovo's acquisition of IBM PC when the profitability of enterprises of both sides:. .


At the end of 2004 and the first four months of purchase, that is, 11 August 2004, Lenovo announced in Hong Kong in 2004/2005 in the first quarter of fiscal year (1 April 2004 to 30 June 2004) performance, overall turnover 58.78 billion, compared to the same period last year increased by 10%, net profit increased significantly 21.1.


Meanwhile, the association declared: From 1999 to 2003, its turnover increased from 11.0 billion 23.1 billion Hong Kong dollars, the profit increase from 4.3 billion to 11 billion, has doubled within five years. .


In January 2005, IBM to SEC filing documents show that its last month (December 2004) sold to Lenovo's personal computer business continuing losses amounted to three and a half years ago, the cumulative loss of nearly $ 1 billion.


"One is the annual profit of more than one billion Hong Kong dollars, to suffer a huge tax burden of the young enterprise, one is the amount of accumulated losses of nearly 10 billion U.S. dollars, a loss may still continue to rise but losses remain to be deferred and tax breaks to the world's top brands In such a time, such a situation, the two come together, I fear, simply a business integration, largely with tax planning in color. ". .


Shi Ben Ning further explained to reporters, "in the target based on mergers and acquisitions, tax planning if you merge in a loss of tax and acquired businesses can also defer tax losses a deferred. Therefore, the target company has yet to make up the losses and tax credit not yet enjoy the finish should be decided whether annexing. ”。.


That is, if the net assets of the same two target companies, other things being equal, a company allowed to make up for losses in future years, while another company does not have to make up for the loss, then loss-making enterprises should be the preferred target acquisition company. .


"I remember IBM filed sec file disclosure, has aroused discontent of Lenovo, Lenovo stock prices have been in decline, in fact, such a merger on Lenovo is very cost-effective. If there is anything to worry about, I'm afraid it will just be wary of mergers and acquisitions led to the negative impact of the decline in performance and capital flow smoothly overall anemia caused by the '. ', and to prevent the acquisition the company was dragged into the management difficulties.


However, it now appears that Lenovo have the ability to become Olympic TOP Partner, and its follow-up of a series of measures, suggesting that its cash flow does not exist a problem, but IBM's huge loss is largely reduced the association of tax negative, as the case of mergers and acquisitions tax planning model. .


4. based on the merger of tax planning.


Classified according to the way investment, mergers and acquisitions can be divided into two kinds of asset acquisitions and equity purchase, and then down the subdivision will have a "cash to buy assets of type M", "M & A cash purchase of the stock-type", "stock exchange for assets of type M" "stock in exchange for stock-type M" and other four forms. .


"It should be said that the merger of taxes is very heavy, sometimes to the acquisition cost of 10% or more, different ways of mergers and acquisitions, as well as different merger structure, it will have a difference in their tax burden. When merging companies must learn to adjust the legal framework for reasonable tax avoidance. "Century has extensive experience in investment banking securities of long before told reporters.


For example, in cash to buy assets in the process, if the target company's asset structure, with large immovable (building and structures, etc.), then the property deed tax will directly lead to large (as in our domestic business tax and attach), the need to consider the conversion of equity. .


Similarly, in the tender, if you are buying stock in cash, would make the merged companies formed a large amount of capital gains and capital gains tax or income tax issues, sometimes the acquired enterprise also put these tax transferred to the acquiring company, merger, enterprises need to consider the stock exchange for the assets "to" or "in stock-for-stock".


"Because the two types of equity investment after the manner of the target company shareholders in the merger process, do not immediately confirm the result of the stock exchange and was formed by mergers and acquisitions business capital gains, even after the sale of these shares the need for capital gains subject to income tax, has played a delayed effect of taxes. ". .


However, as noted earlier, Lenovo Unico referred solely to the stock exchange of "assets" or "in stock-for-stock" are likely to form the target enterprise merger and takeover of the enterprise, so that enterprises in the form of investment is often meet the needs of diverse interests balance, calculate the cost of the lowest tax burden, most beneficial to the enterprise. Final adoption of the methods are often complex, just like Lenovo is part of a cash purchase and stock acquisition.


"So if IBM is not U.S. companies, but Chinese companies, IBM PC market and Lenovo Group, rather, then 600 million U.S. dollars in Lenovo shares equivalent to 18.5% of Lenovo shares, 6.5 million in cash , exactly equal to 20% of Lenovo's market value. ". .


In accordance with the merger of taxation on business-related enterprise income tax (IRS issued [2000] 119): merging enterprises paid to be merged enterprise or its shareholders of the price, in addition to the combined equity other than cash, securities and other assets (hereinafter referred to as "non-equity payments) is not higher than face value paid equity (or equity investee) 20 per cent of the income tax.


Well, IBM will not be subject to income tax. Of course, IBM is not Chinese companies, but U.S. companies, IBM's value is not the same association. However, we believe, in the United States, must also have a tax system similar to China's mergers and acquisitions, tax pursuant to this merger, 6.5 million in cash happens to be an avoidance of the node. Of course, the story of M & A tax avoidance can continue to dig deep down. .


IV. other mergers and avoidance strategies.


1, choose the same industry produce similar goods business as a target company that horizontal mergers and acquisitions, this merger could eliminate competition and expand market share and scale effects. From a tax perspective, due to mergers and acquisitions business in the industry after the change, horizontal mergers and acquisitions M & A business generally does not change the tax tax and tax aspects. .


2. Select the suppliers or downstream firms merge that vertical merger, you can increase or decrease the tax aspects of turnover tax.


3, enterprise liability arising due to interest charges can be offset by current profits, thereby reducing the income tax expense. Therefore, the acquisition of enterprises in the funds needed for financing mergers and acquisitions planning, companies can combine their strength of financial leverage, debt financing by way of mergers and acquisitions to raise the funds needed to raise the overall debt levels to get the tax effect of a larger block of interest. .


Corporate mergers and acquisitions is a capital reorganization Act, it can change business organizational forms and internal equity relationships, and tax planning inextricably linked. Through mergers and acquisitions, to enable affiliated enterprises or Enterprise circulation, evade the turnover tax, which is a merger of advantage.


Of course, tax avoidance must be avoided cleverly, or left people suspected of tax evasion by acquisition, the enterprise's future development will be adversely affected. .


Supplementary proofs has been routed to ccidnet http://yuanruhui. .blog. .ccidnet. .com blog http://mryuanruhui. .blog. .ccidnet. .com please download themselves.




Additional evidence has been sent to the MSN Chinese net http://yuanruhui. . Spaces. . Live. . Com / Please first click on personal information and click the document and then click open the My Documents Lenovo Digital China after the download and in accordance with the "People's Procuratorate Work Report provides that" payment of bonuses. .


NI Guangnan Fellows: from stocks, reported to the "scapegoat" Posted by purple.


Since January 3, 2000 "painful fission" has been delivered, Lenovo continued to decrypt Liu and Ni Guangnan so-called "Ni Liu dispute" source. However, given the association a strong control over the Chinese media, 5 years, we Zai Shang see the whole media is "Ryuetsu" Wei balance, to keep the less vulnerable the Dangshirenye have a say in local, Geng Wei Ge Ge understanding of the public Quanmian story-telling by the parties, today, "Ni said," but in the end the article will also be the most comprehensive and most representative, the latest "Liu said" the link as an appendix.In order to provide readers with comprehensive information as possible, give the parties an equal chance of talking.


1, Ni Guangnan and Zu-Long strive director. .


NI Guangnan first contact listing is a 1993 on 8 October, Mary Ma told him is offered as a public company Executive Director of the English resume, and showed him the prospectus of the third edition, which is listed on the first contact NI Guangnan, but important figures, *** number, do not see something. Mary Ma was the then President of the Chinese Academy of Sciences, now Secretary of the Association Chairman ZHOU Guangzhao, Lenovo has a leading role, and is also a Director of Lenovo Group in charge of finance.


P40 to P41, on the Prospectus wrote, executive director of the company are: Liu, Lu Tan Ping (Hong Kong), Ng Lai Wo Yi (Hong Kong), Li Qin, Ni Guangnan, Zhang Zuxiang, Zhang Liji (Hong Kong) of 7. In the paper, the other six people, including Zhang Zuxiang resume has been written, only the Ni Guangnan resume still empty, waiting Ni Guangnan writing, indicating that 7 is an established fact that the Board of Directors. 7 out of Beijing Legend 4 for Liu, Li Qin, Ni Guangnan, Zhang Zuxiang; businessmen 3, Tam Ping Lu, WU Li Yi, Zhang Liji.Comparison since the establishment of the Hong Kong Association of five levels of decision-making, LIU Chuanzhi, Lu Tan ping, Ng Lai Yi, Zhang; NI Guangnan, including Beijing, Lenovo 3 Ma, Zhang; NI Guangnan; Hong Kong 2, Lu Tan ping, Ng Lai Yi. It is evident that the new Executive Director at Beijing in Ma to join Li Qin, Zhang Hong Kong area. Originally, Li Qin just Beijing Association of Canada in no way, however, since the human person, NI Guangnan also have nothing to say.


Unexpectedly to 11 months, Liu suddenly Ni Guangnan said the board of listed companies can only have five people in Beijing and Hong Kong sides have to pull down the side of one executive director, asked under his or Zhang Zuxiang Ni Guangnan next? Ni Guangnan find it very strange that the board set the right list is not long, how have to change it? Although Ni Guangnan listed do not understand, but the board of directors of listed companies can not have 7's statement is only lying to children, Ni Guangnan do not understand it, they said Liu, 7 board why not? Liu said the Hong Kong side did not agree. Ni Guangnan said, so there is no reason to convince people of Hong Kong.NI Guangnan, Zhang zu Xiang he cannot, because they want to work on behalf of the Association in Hong Kong, should maintain the original 7 person Board of Directors. LIU Chuanzhi from what is said is not what the heck are you? NI Guangnan insisted that Zhang zu Xiang he can, you should maintain the original seven Board of discord.


Later, the board into 5. Since January 2000, media reports, "Liu said," has been publicly accused, insisted that progress is due to Ni Guangnan board that has caused Zu-set is removed. Can be a matter of fact, Ni Guangnan, Zu-Long this is the original 5 members of the Board of Hong Kong Legend. In the "5 variable 7, then changed 5" pattern, the Ni Guangnan and Zu-Long insisted that his should not be under, since the change "7" to maintain the "7" Well, that Liu Zhang Zuxiang forcibly won, and then Zhang that are caused by Ni Guangnan.NI believes that this description, LIU Chuanzhi deliberately out contradictions between NI Guangnan and Zhang zu details from 1962, up to 30 years of friendly relations.


2, CCPIT equity shrink. .


Now Lenovo almost nobody knows China technology transfer company, but early in create our Lenovo is indispensable "wealth." China technology transfer company is the subsidiary company of China Council for promotion of the Association, LIU Chuanzhi on it, saying it has the financial strength, a great contribution. Technology transfer company is to create one of Hong Kong Chinese shareholders association, when the Hong Kong Lui Tan equal four civilians, Beijing Legend (1988 creation of Computing Hong Kong company called Lenovo Shihai) size is not large, failed to borrow money in Hong Kong , CCPIT provided entirely into billion in loans to play the role of risk investors, Liu's father, Mr. Liu Gu book is chairman of the transfer of technology. .


Critic once said that not only the Hong Kong Association of loan depends on the trade aspects of the offer is more than a dozen multi-entry visas, if not provided, the Association has not done. Like LIU Chuanzhi, Zhang; NI Guangnan, Beijing Lenovo backbone, often have to travel to mainland China and Hong Kong, in the absence of such a visa does not work, but this kind of visa is very difficult to get, this is indeed a can run up to the Hong Kong Association of important conditions.


Hong Kong, the initial association, the transfer of technology companies have financial experience to send a comrade in charge of corporate finance. Around 1992, Mr. Liu Gushu CCPIT withdrawn. Liu believes that much credit for his father, objectively true. Mr. Liu Gu book is indeed a legend. .


But you have to say next, unfair. Ma also said that the technology transfer company also Hong Kong gold rich (Star Group Chairman) of the shares. But because you do not pay attention to our shareholders, the Board of directors do not please Mr. WONG, time, forgetting is a joint venture, so you can use an executive order on decommissioning, if it is a joint venture company, only the Board can decide to withdraw, it's not the case.


Ni Guangnan was like, maybe this is Lenovo's Liu in Hong Kong must highlight the equality of people on the grounds Tan Lu, right? Upon the withdrawal of the book, Mr. Liu Gu, sent in charge of corporate finance technology transfer company of comrades back to their units to resign for any reason, Liu called the transfer of technology companies no longer send replacement work, called the Hong Kong Zheng Guoli to do the Chief Financial Officer in charge of financial power. Since then, the technology transfer association in Hong Kong on any staff, Liu no longer as before, frequently regard to the Trade Promotion informed on various occasions not to say a great contribution to technology transfer company, which changed to technology little contribution to the transfer company. .


Objectively speaking, at that time, Chinese enterprises generally exist in the property mechanism, it's not fair. Critic of this practice should also be normal. But in those days, NI Guangnan cannot understand.


Lenovo listed in Hong Kong before, need to increase their investment, because the preparatory work prior to listing is the one Liu led the Hong Kong side do not have any participation in technology transfer company (or do not know), so that areas for the replenishment of CCPIT capital increase and share expansion has taken neither approach nor withdrawal of shares (although they actually think a lot more money than Beijing) after listing, although the transfer of technology companies and Lu Tan equal the same amount of actual investment, but only received 015 million shares, equal Tan Lui Hong Kong businessmen have been 208 million shares. .


3, "NI" Lu Tan Ping.


Tan Ping Lu poor childhood in the UK universities are work-study while working in restaurants while studying, Tan-Lu Ping will fry cook, he was always proud of. Tan Ping Lu Imperial business in Hong Kong after graduating from university, and WU Li Yi, Zhang Liji so far the company to open a guide, computer agents to do business. .


Daw is a dozen of small companies, in 1987 in order to test their NI Guangnan microcomputer can use Lenovo-hanka, went to the DAW, only one hundred square meters of office space. And calculated by the company (Lenovo) cooperation, Daw in the garage next to the little house opened a sales office, one person only, Li-Foundation.


And the calculation of the company (Lenovo) cooperation, he had not any money, cars are old. Ni Guangnan heard, one to Hong Kong, Liu, Lu Tan Ping drive to pick up, car broke down halfway, which makes a very awkward position. Huan Lu Tan Pingxi cars and yachts, as associate general manager in Hong Kong after the rich slowly up, he and two of the Wu Li-benefit more than anyone else's car is good, then two of the Mercedes-Benz, Ferrari, etc. constantly changing car brands. But still too expensive yachts, want to ride to play, how do? By Tan Ping Lu Hong Kong on a yacht was bought by Lenovo. .


In 1993, the leadership of the Chinese Academy of Sciences to Hong Kong, Lu Tan ping hospitality leaders on the yacht, open to Victoria Bay once. Once yachting harbour, hired two workers, of tens of thousands of dollars. Subsequently, NI Guangnan heard, Lu Tan ping spunky, hospitality leaders after Hong Kong Lenovo claims, both done a favor, but also very stingy. On this approach, the Beijing Association of employees in Hong Kong. In fact, NI Guangnan think nothing fun yacht, sailing yacht, high speed, the boat was deafening intensity earthquakes shake, sorry, but extremely fond of Lu Tan ping, probably because of the very exciting!.


And Lenovo to fame and fortune Tan Ping Lu, 1992 Lu Ping Tan received the Young Industrialist Awards of Hong Kong. Lenovo listing in Hong Kong, Lu Ping Tan more attractive scenery. However, the loss between 1996 and 1997 made him temporarily restrained, some until the Beijing Lenovo integration, Lu Ping Tan resigned from office in Hong Kong associate, will share cash before he became a truly multi-billionaire. .


Lu Tan ping went to the United States, transformed, and investment company boss. In the past, although he did have the power, General Manager, but after all, is not the real boss, but also listen to the critic, the so-called one, above, and still not very comfortable. Now Lu Tan ping own boss, his own gorgeous technology group co., Ltd was Chairman and Chief Executive Officer, everything finally can be a person.


He also won the love of the sea of dreams for many years, he reportedly bought a large yacht, ship large yachts to five workers to maintain, even the Americans are the envy of such ostentation. Tan Ping Lu people inquire how the money is earned, it is said Lu Ping Tan Yaguchi did not mention the year in the UK work-study program, working in restaurant cooking, a living past, and Lu Ping Tan said: my money is the ancestors passed down! . .


What is Lu Tan ping, the money is from the village, or from the Hong Kong Association earned about thanks to the relevant Department Survey. Anyway, it seems, then, NI Guangnan Lu Tan ping is very poor. A critic of help he became rich of billions of dollars.


4 listed: Beijing Legend employees compete for orders for the stock. .


At the end of 1993, with the Hong Kong Association listing date fast approaching, external news increasingly, company employees are discussed also. Everyone knows that the listing of staff benefits, especially the Beijing Association founder who struggled for nearly 10 years, I finally got it this time! have to raise money for the company's stock and ask the staff what concessions?.


Later, in November 1993 at the meeting in Beijing, Lenovo, Lenovo companies listed in Hong Kong devoted to the issue of buying stocks that can help Beijing employees to buy shares and management shares. Trust for the company, many employees have come up with savings to buy shares in Hong Kong think. In accordance with the listing of shares, per share 1.33 Hong Kong dollars, but because of the so-called "over-subscribed", the final actual cost of 2.2 Hong Kong dollars per share. .


The so-called "oversubscribed": investors want to buy shares of stock issued over listed companies. In this case, the investor can buy a small part, and the cost of stock. For example a company listing issue 100 million units oversubscription, "is" one hundred times, it's shareholders for subscription of 100 million, 100 million of the money in the Bank to deposit in a week or so, companies can get this week's interest. On the other hand, if the investor is buying from the banks to lend money, they only bought 1 million shares, but have to pay 100 million, one-week loan interest. Therefore, the "over-subscribed," a multiple of the greater benefit of the larger listed companies, investors buy the stock the higher the cost. Lenovo's shares in Hong Kong was hot, the listing of "over-subscribed" up to 405 times, so the final cost is 2.2 yuan. .


To buy a stock, a veteran of the Beijing Association of savings over the years, to Hong Kong, Hong Kong Association of Beijing employees purchase, NI Guangnan for colleagues took some money. In addition, the market, the company can be assigned to a certain proportion of the original unit, also called the "pink shares because the stock is pink, while the common stock is white. "Pink stocks" can be listed on the stock price to buy, and multiple "oversubscribed" is irrelevant. The Hong Kong Association, also is to buy one share $ 1.33. This is one of the employees, but unfortunately only a small number, General employee get thousands of stocks is good.


According to Ni Guangnan memories, Liu decided to use the Ming Company (Beijing Lenovo wholly owned subsidiary in Hong Kong) of the money specifically for the leadership in Beijing to buy several million shares of the IPO. In addition to such concessions other than Liu said that leadership can also help relatives and friends registered to buy shares. Because there are "over-subscribed" factor, can only subscribe to a subscription to the bank a small part of purchase if the registration, you can buy guaranteed. Ni Guangnan then told one of his relatives, as well as one of Hong Kong's Wong.Mr. Huang is a high technology, particularly helpful, he used to help develop Lenovo-NI Guangnan hanka, also contributed to the Hong Kong Association of scientific and technological personnel master wiring technology. NI Guangnan feels couldn't forget the contribution of Mr. Huang, also called Mr. Huang registered shares.


Unfortunately, it was these people probably do not benefit from the association's stock, because until Lenovo Beijing to Hong Kong before the integration of Lenovo, Lenovo's shares in Hong Kong has been no improvement, unless it is necessary to know Beijing Lenovo Lenovo into our plans, or association from Hong Kong win their profitability point of view, its stock is up not up. .


5, Hong Kong became the major shareholder, the beginnings of willow NI fissure.


After the Spring Festival in 1994, Ni Guangnan returned to Hong Kong association, then, the Hong Kong association was a week ago, early IV (14 February) listed. What then, after Hong Kong listed shares in proportion to Lenovo, the hearts of not a few Ni Guangnan. .


Lenovo to Hong Kong, Hong Kong businessmen Association President Lu Tan ping, smiling to see NI Guangnan, NI Guangnan Office 2-person conversation with him/her a few sentences later, Lu Tan ping it proudly on NI Guangnan said: NI total, now we are with you and play and sit down. The Hong Kong stock exchange a requirement for more than 30 percent of the shares is the major shareholder, now we are the largest shareholder.


Ni Guangnan uncomfortable listening to and immediately find a listing of public relations to get the prospectus, the prospectus very thick, suddenly not understand, Ni Guangnan asked PR to corporate presentation materials, Ni Guangnan see this material, in listed companies, Beijing Lenovo (Beijing Legend Group) accounted for 38.785 percent of Hong Kong businessmen (Hong Kong Partners) accounted for 34.214 percent of China's technology transfer company did not. Ni Guangnan never expected this, but he did not understand why! . .


Then he went to Shenzhen, Hu Hu Jing-Jing is Lenovo's Chief Financial Officer, the person living in Shenzhen, Shenzhen Association bought the original "Zhenhua Garden" a set of session, Mr. Sze. Three people talking, of course, you want to associate the listing in Hong Kong. NI Guangnan, Lu Tan ping became the largest shareholder, and the Beijing Association of almost the same. The other two known less than NI Guangnan. With this, NI Guangnan asked, now we live in this House belongs to who?.


Said "Zhenhua Garden" house, then Shenzhen Lenovo is bought with 15 million yuan, a total of 27 sets of unit prices soon due to increase to 4,000 million yuan appreciation. Zhang Zuxiang very pleased that this is done the real estate association to do the most successful. .


NI Guangnan asked the House who Mr. Sze, belongs to the Association. NI Guangnan said, what do you say we make tens, now is not the only save 1/3 (38.75)? everyone. These people have never heard about the listing of knowledge, and after the listing of the Hong Kong Association of businessmen hop becomes the largest shareholder of what it means, they do not quite understand, but only in respect of the ownership of 4000 million premises, they have felt that Lu Tan ping them several businessmen had a great cheap! other interests they were not clear. Returned from Shenzhen, Ni Guangnan began to feel confused and angry. .


6, NI Guangnan Bank personal loan in Hong Kong.


Pre-market, Zhang Zuxiang and Ni Guangnan discuss, is not we use our own money to buy some, then buy some to help HU Jing-yu. Zhang Zuxiang said Hu said there is no money, I buy him lying in the future the stock up, and also let him make some money. Ni Guangnan in Hong Kong, the Hang Seng bank deposits of 5 million, there are more than a month before maturity, he went to the bank to withdraw money. Hang Seng Bank was especially good waiter service, it is for the sake of customers, see Ni Guangnan to remove the deposit in advance to say to him: Mr. Ni, your deposit is not only did not advance out of interest, but also undercuts the interest, the loss is big.I think for you, you might as well use our bank personal loan, you can use your deposit as collateral, lending the same amount of money. You just have to take two months, your deposit maturity can also lost, do you remove the term deposits worth it ahead of time, do you think?.


A carefully considered, really is. Although the interest on personal loans by banks is high, approximately equivalent to about 20% per annum, but only by months, compared to the loss of deposits in advance to remove or less. Ni Guangnan then accepted the waiter on the program, personal loans and Zhang Zuxiang borrowed to buy the stock with.It also makes some knowledge enhances NI Guangnan, firstly, know the personal lending money to banks in Hong Kong is the need for the same amount of property, the mortgage can be a deposit, which can be real, otherwise you borrow; second, the personal loan interest rates, and alarmingly high interest cannot be compared, probably and credit overdraft interest rate. Later, Lu Tan ping for shareholders resolution says he can borrow money from HSBC, NI Guangnan believes that even with the 1993 Lu Tan ping all the estate as collateral, he most probably can only borrow up to thousands of dollars, and the interest he can't afford.


7, Liu never easy lending. .


In fact, Lu Tan equality through Lenovo's 552 million, money is no property mortgage, no guarantee, that it is difficult to imagine in the business world. Not to mention the borrowed money was secured, the critic is never easy. Solar Energy Research Institute, Beijing, Beijing is an excellent unit, in order to develop high-technology products, apply for a $ 100 million of the loan, but it's small, need for other assets. During the National People's Congress in March 1995, the Director of the Institute for assistance to Ni Guangnan (two groups with representatives in Beijing), Ni was looking for a Lenovo Chief Financial Officer of Beijing Liu Duo (HU Jing-yu is still the vice president then, but was dismissed the finance director position), Liu also think we should help, but not arbitrarily decide Liu, the referrals to the Liu and Liu in order to understand the operation of the unit do not want to guarantee the ground, and later the director of other companies only to find another help. .


This description of the smart, LIU Chuanzhi guarantees very carefully, it is difficult to interpret the same critic of this man, how can so easily lend Lu Hong Tan 552 million loan equal? but also don't want any warranties? NI Guangnan, Lu Tan all the time but equality of thousands of dollars, if suffering from the Hong Kong Association, Lu Tan equal vote with their feet, who will return the loans?.


Lenovo created early in 1986 called the Hong Kong Legend to Lenovo, a Mr Choi Han-card supply 200 sets of type components, the gentleman with the number of defective charge, after the arrival of a look, connectors are rusty, how do? At that time letters of credit have already left, generally can not pay, Liu asked a few experts, that is the text of a text error if the contract can not pay, then find a fault in the contract, to withhold the payment. .


Mr. CAI is small, the purchase price was incredibly, after anxious to get sympathy, who called his mother to intercede in Beijing to find Lenovo. LIU Chuanzhi avoid disappear, only speak a dialect of Shandong lesbians in Office reception, with a second person, one to the North, "negotiations" for a long time, nothing. Nothing Mr.CAI mother pessimistic went, and finally had to compensate Mr. Tsai suggests. Through this, we feel very clever critic, can the interests of the Association. 8 years later, Ni Guangnan Liu recalled as the year of the Hong Kong businessmen, compared to him now as Tan Ping Lu, find it difficult to understand his 180-degree change. .


8, NI Guangnan "stocks".


Ni Guangnan and Zhang Zuxiang, HU Jing-yu, etc. are 2.2 yuan to buy 1 share. Unfortunately, Zhang Zuxiang wanted to call HU Jing-yu make some good money has been dashed, the day after the shares listed in Hong Kong although the association reached 2.2 per month, but later on never came back. By 1995, Zhang Zuxiang on Ni Guangnan said, these days think the stock can, I think we sell those stocks it, so thanks to much. Hu said the Even if I had bought and he said no. Zhang Zuxiang is indeed a good man, not made good their losses. .


Therefore, even the NI Guangnan, Mr. Sze, etc. do not know Beijing Lenovo will inject the Hong Kong Association, if they know of the plan, they will never sell their stock.


Beijing Legend Listing old former employees that the Hong Kong listed Lenovo always made some "small profit" Unfortunately, their wishes all come true.On the surface seems to be a critic for the Beijing Association of leadership and the old, but no one thought he privately but 200 million shares per unit price of HK $ 0.22 sold to Lu Tan equal four people, and even at such low prices don't they took money from Lenovo pad!, a mat, cushion for five years, such as stock soars, Lu Tan equal money when they have money, so good why Beijing Association of persons not? it's no wonder that while the NI Guangnan see lending to Lu Tan equal file, angry, Hu Jing LIU Chuanzhi, they said, why not discuss it with us, so the money lent Lu Tan ping? it's not betray us? . .


1995 NI Guangnan has formed to promote in Beijing Lenovo the laser printer-controlled switches and two subsidiaries, in addition to the Lenovo as holding to invest capital, by investing in occupies part of the unit of employees. At that time was limited, you need to assign the staff shares, warrants, Chung Yue want to exceed the amount of the distribution. Therefore, if the Association prior to listing, absorbing the staff, the price per share 0.22, Lenovo employees will Chung Yue investment. Imagine, even the price of 2.2 yuan per share, we all have to scramble to subscribe for shares, not to mention 0.22 yuan an prices? This can easily raise thousands of million into the Hong Kong association. .


NI Guangnan admitted that this was how the policy conditions, of course, the need to study, but in any case, such an operation, the staff really vote money injected into the Hong Kong Association for a total of more than lend legitimacy of Hong Kong takes much better, if the critic and consultation, we will make such a scenario, maybe Lenovo employees holding long settled, this should be better than today's "share" (the dividend rights)..


9, listed: President signed. .


At the end of 1993, LIU Chuanzhi, Zhang; NI Guangnan to Shenzhen Shenzhen Association reunion, they all sit in the first row at the show, LIU Chuanzhi, his cell phone rang the door phone. Something, LIU Chuanzhi greeting cards; NI Guangnan go out the door, LIU Chuanzhi look very seriously that the listing may be the problem, listing file Yan yixun Vice President refused to sign that haven't seen the report cannot be checked. The time now is very urgent, he immediately back to Beijing to solve this problem. So the critic hurried. Later I heard that Dean is called ZHOU Guangzhao critic wrote a piece, Yan yixun Vice President to sign a . .


Chapter 10, "liabilities to shareholders," piece of the puzzle.


Ni Guangnan returned to Beijing, HU Jing-yu has been returned, then HU Jing-yu Lenovo Chief Financial Officer of Beijing, so Ni Guangnan see him, tell him to check the association's financial documents in Hong Kong. HU Jing-yu is 70 years, from 10 transferred to the CAS Institute of Computing, and he came out after the six-room group work, and Ni Guangnan the same room. .


Because Hu Jing and NI Guangnan family lived in peace, both bike commuting, frequent, and sometimes also arranged to go home together. On the way to ride 45 minutes or so, there are a lot of time to talk. Wu jingyu while in Office, but basically maintained the intellectuals, and NI Guangnan became.


Six rooms, sometimes HU Jing-yu translate articles, called Ni Guangnan school, two often discuss technical issues. HU Jing-yu to the association, when on the vice president, chief financial officer to do soon, head of department funds.Because NI Guangnan, Wu jingyu duo has a very good relationship, coupled with the fact that the special status of NI Guangnan (Director and Chief Engineer, and the eighth national people's Congress and the National Committee of CPPCC) NI Guangnan called Hu Jing Cha Hong Kong Association of financial documents, Wu jingyu left without any word to look away, quickly find the relevant documents, mainly in 1993, the Bank of China to Beijing Lenovo 3000 million "electromechanical product specific foreign exchange loans", and in June 1993, 28, LIU Chuanzhi, Beijing, Hong Kong and Shenzhen Association held its finance work meeting for the society (i.e., lending to Lu Tan equality 552 million). To see these two documents, the Hong Kong-listed Lenovo doubts on more clearly. .


This second file that LIU Chuanzhi lend them 552 million to stockholders on the Hong Kong Association, and the money from the Bank's US $ 30 million loan, how much Li Hong Kong Chamber of Commerce? 1 NI Guangnan unclear, but borrow so much money to them so that they become the major shareholder, is sure to be a problem.


Ni Guangnan see that meetings should, in the signature also Zhang Zuxiang Liu, HU Jing-yu's signature, and asked: how are you and Zhang and signed? HU Jing-yu said, we do not know loans to Lu Ping Tan is for what, we thought you board discussed. .


Indeed, this thing can not blame Zhang zu Xiang Wu jingyu; they just follow Ma check, they are not members of the Board of Directors of Beijing Association, is the performer. Here, only the critic is Vice Chairman of the Board of Directors of the Association in Beijing.


At that time, the DPRK has been in Beijing Lenovo Chairman Mao, Ni Guangnan is a director. Lenovo's board of directors never met because the chairman has Maochao useless, Liu real power, one final say, Ni Guangnan realize that this can only be responsible Liu. .


Read the file, then NI Guangnan indignantly said Hu Jing, LIU Chuanzhi has never had the Board of Directors discussed such a big thing, why not give us that this is not a betrayal of everyone? from that point on, NI Guangnan think Ma cannot be trusted, and who knows him and Lu Tan ping what unspeakable secret?, together with entrepreneurial endeavor, but to pick a peach, LIU Chuanzhi, carrying people and businesses get together, they really got something big NI Guangnan was not clear, but NI Guangnan finds: LIU Chuanzhi betrayed you!.


11, Ni Guangnan feel fooled. .


NI Guangnan Conghu jingyu there took a copy of these files, goes, on the one hand, he is associated with the loss of interest (though he is never lost, but it definitely is a lot of numbers) and distressed, on the other hand, it was very difficult. In the legend, for a long time nobody can have any critic and inconsistent, it seems that the opposition critic is opposed to Lenovo, NI Guangnan..


Ni Guangnan also found June 14, 1993 President of the meeting room to record the meeting devoted to the association over the issue of Hong Kong, the time and that the decision to lend to businessmen of the financial work conference only a thin two weeks, the meeting record: " Liu Zong focus on Hong Kong, the main control to adjust the strategic direction of our association, such as the acquisition of chip companies, Huiyang real estate "and so on.NI Guangnan do not understand: the Hong Kong Association listing than acquisition chip company, Huiyang real estate these things much more important, however, such a big thing why President room Conference silent? what's more, the President of Chamber, the critic is also discussed in the United States real estate problems, "ready to take out a million dollars from Hong Kong," by his sister, to the US real estate. The "on" with the Hong Kong Association of discussions, did not mention the listing also hypocritically say Lenovo to Hong Kong, "strengthening financial supervision". This was more to Ni Guangnan Liu credible, he could entrust his sister to do such a thing out of real estate to discuss why the 5.52 million dollars in loans to businessmen, much larger number, so that they account for such a large stake in such a large interests, but should we hide it? . .


NI Guangnan think LIU Chuanzhi fooled all Beijing Association, the Board of Directors and founder of the staff, there must be a secret deal.


Many years later, Mao is said to have been chairman of the DPRK position on the media, to Hong Kong businessmen to do debt holdings in the long-distance phone Liu and He said. To say nothing of such an important, complex issue that can clear in the long-distance calls, said the problem is, when the Beijing association board of directors has eight members, this important matter, without a board resolution, a small number of black-box operations director, direct suspected illegal. .


What's more, 28 November 1995, the MOH Chao worked and NI Guangnan, Mr. Sze three signature declarations do not know this, the same thing, Mau Cho presents two contradictory answers.


HU Jing-yu, after all, an intellectual, when HU Jing-yu Ni Guangnan to identify these key documents, he did not realize he had offended Liu did a "stupid." For a long time, Lenovo is Liu one person, no one dared to challenge Liu, in technology, development work, in the past to fully listen to Ni Guangnan Liu's approach, so Ni Guangnan non-technical issues never interfere . Because of this, listed in Hong Kong association process, although that Liu alone Ni Guangnan Hong Kong businessmen, and we do not discuss very much, yes, but not directly come out against it.He also believed that the critic should safeguard the interests of the Association in Beijing.


12, "business hours." .


In the past, although no Beijing Association "warrant" plan, but in association leadership, for older employees, should in some way to the benefit of this objective is very clear. NI Guangnan worked abroad before, knowledge of foreign companies, he said, many times and entrepreneurial high-tech companies must give employees ownership. LIU Chuanzhi always said, this is not good to engage.


Later, Liu decided how the company a "business hours" for older employees, recorded a score, from a man-Liu, the maximum he is 14 points, and Li Qin Ni Guangnan one point lower than he is 13 points, other older employees, and so on, have different scores. While this may not be very scientific, from a man-Liu irrational, but better than nothing. Ni Guangnan never cared about their treatment, have not commented. This shows that the association was at least some kind of "options" sprouting teeth. Liu presented the interests of the Hong Kong business associations, Ni Guangnan that he betrayed the association staff. .


13, Wu Jinglian comments.


January 25, 1995, Liu economist Wu Jinglian please visit the company, and with some members of chamber president, received the association at the conference room. Liu briefed him on the situation of Hong Kong-listed Lenovo's first talk about how the three shareholders (Beijing Lenovo, China's technology transfer company, Hong Kong) out of 300,000 yuan joint venture between the Hong Kong association, and how to rely on "blind back lame" to grow, Finally how listed in Hong Kong.He used the company's introduction of the picture, one shows the listing, the Beijing Association of shares only 38.785 per cent, while the "shareholders" by 30.819 LIU Chuanzhi Hong Kong Association listing full Professor Ng hopes to hear praise, criticism, Professor Wu said at once why?, listing after Beijing Lenovo will not control! 1 terribly embarrassed LIU Chuanzhi, had to say other things FOB.


Subsequently, Ni Guangnan heard on this matter, Liu said Wu Jinglian afraid to go out, they call Wu Jinglian explained, saying that China's technology transfer company shareholders, good cooperation, so it does not account for the listing of shares. .


14, NI Guangnan never care about the treatment.


Legend in Hong Kong early, all personnel are to take 30 dollar a day subsidy. Wages according to the Xinhua News Agency later issued money, Ni Guangnan received wages from two or three thousand dollars is about 5,000 yuan to rise gradually up to about several hundred dollars higher than Liu, Liu set is not Ni Guangnan want . These are the next treatment. .


But the actual treatment? for example, the critic of the gold card is the card that he gave NI Guangnan is his supplementary card, NI Guangnan basically don't use it. Housing critic of the best, for example, listing after his dog Luk Pavilion set value near HKD luxury units, while the NI Guangnan higashiyoka Bosco is a set value of 200 million common units. MA in Hong Kong, Lenovo has a Benz 600, NI Guangnan is still and staff to walk to and from work. In 1993, Lenovo to get an import car indicators, Ni Guangnan, Zhang Zuxiang and so stand to buy a bus ride to the staff, indicating the company's style, Liu did not agree, then he bought a Mercedes 600 sedan, as he was in Beijing the car. Ni Guangnan the car is Santana. .


However these things from NI Guangnan on care. As an associate in the intellectual, NI Guangnan also keep the older generation of hard-working style. October 1991, NI Guangnan to America, to Silicon Valley companies, understood by Trident R&D Department General Manager Chen Jian, in cooperation with the United States is headed, and then to Seattle headquarters to discuss Microsoft Windows with Microsoft 3.1 localization issues. Microsoft agreed to talks with the date of October 28 Monday, an inquire from the Silicon Valley, Seattle, airline tickets to fly to 800 U.S. dollars, Ni Guangnan think, anyway not the weekend the company office, idle, its better to use the weekend to play time, take the "Greyhound" bus to the bus fare as long as tens of dollars, you can save some money for the company. .


So Jay Chan NI Guangnan and three on Saturday on gray dog "bus", sat for nearly 20 hours of trekking hundreds kilometers, on Sunday evening to Seattle, the next day, on schedule and Microsoft. Young people feel very tired, NI Guangnan said to them, this than by train hard I strong, although tired, you can see quite a few people along the way, there is also a harvest!.


Lenovo's headquarters building completed in 1993, Liu and other offices moved into the luxurious, Executive Director responsible for property The response of Q Ni Guangnan, want to move into the new office. Ni Guangnan said: R & D personnel in the calculation of the majority, I remain in the calculation of the bar. .


In this way, NI Guangnan also in his old Office work. This is in the North building, second floor, is a library to the NI Guangnan, was originally the library. From the North Gate, the staircase to go to the second floor and a half walk 20 meters, and then through a little door, small stairs, the second paragraph. This is how the NI Guangnan told visitors to find his "total Office", no wonder to find people saying, "this seems like a walking road." NI Guangnan frequently to the North entrance to the visitor, so that they could not be found. It seems a little foresight, NI Guangnan when in 1995, he was dismissed after Lenovo, he can place, not to be removed from the headquarters building . .


In the leadership of the great powers, senior leaders, NI Guangnan in 10 years still do not have a private bus operators. He never late for a meeting, not to be made to stand, not what special care. Where received notice of the meeting to be held, he is not present (like arrangement ??? like) must first leave, Director of the Office of the Chief Engineer's Office, or call the leave himself, sometimes also written books on leave.


15, personnel conflicts. .


The week is calculated by the company Xiaolan creator to do one of the early R&D Manager and help engage in product development, NI Guangnan Duo. Hong Kong Association creation phase, Xiaolan was doing R&D Manager, help make computer development, NI Guangnan cooperation was also good. At that time, manpower, Ms. Xiaolan is also responsible for the procurement of the week. Initially, production is a difficult problem, the Hong Kong Association of equipment and the lack of experience, the supply has not established, as a result, the quality of the product at the beginning there were some issues through efforts to quickly resolve the issue. Process, production and sales, and Lu Tan Ping Zhang Zuxiang the contradiction between the maximum, R & D, production and procurement are also contradictions between, this is normal. As Zhou Xiaolan, I was R & D manager, R & D and procurement so the contradiction between the rather small. .


In the early days was the quality of printed circuit boards, Zhang zu Xiang NI Guangnan on week Xiaolan have opinions. On the one hand this is due to the lack of experience, on the other hand the company is also a lack of PCB IQC (incoming quality inspection). At that time, the issue involves the 1000 block around the Board, Mr. Sze, NI Guangnan, etc. are not thought of as the week Xiaolan time.


However, Liu was proposed to use the river for Zhou Xiaolan Cao, Ni Guangnan so very surprised, because the CAO of the river had been closed because of poor health at home. Liu said that Tsao's body no problem. In this way, CAO Jiang to Hong Kong to replace Zhou Xiaolan Lenovo as R & D manager. Ni Guangnan from the perspective of cooperation with Zhou Xiaolan more familiar, easier, Ni Guangnan subjectively do not want to replace Zhou Xiaolan, Liu's decision is subject fills As Zhou Xiaolan Liu took the opportunity to how to say, even know. .


In the winter of 1992, the Lenovo R&D found 206 chip has the quality problem, then this chip has been welded onto the motherboard. Typically, a problem occurs in the R&D sectors need to redress of the dollar, which occurred in production of ten dollars is needed to correct, which happened in the sales process will need $ 100 bucks to correct. Therefore, immediately send files, R&D requires stopping the shipment, the replacement of the device.


At this time, help Lu Tan Ping Mary Ma, sales do not agree that the customer no complaints, now is the season, should continue to ship. The results of the shipment to overseas customers eventually be returned the. In order to save maintenance costs, by the maintenance department manager of a nearly a year to overseas subsidiaries to repair these boards.This amount is not the motherboard 1000 blocks, while tens of thousands of pieces, as the contradictions of Mary Ma NI Guangnan and than it is 1000 planks and contradictions of the week Xiaolan, but even so, NI Guangnan, no one offered to replace Mary Ma, MA nor because NI Guangnan have great views, to criticize Mary Ma, Mary MA to change.


Ni Guangnan think that speaks, like-for Zhou Xiaolan Liu is the meaning of their own, and his trick is, not only to conceal their intentions, also took the opportunity to sow discord between the Zhou Xiaolan and Ni Guangnan conflicts. .


Chen-strong critic on the has adopted similar practices. At the Beijing Association in Hong Kong Association of LIU Chuanzhi, Mr. Sze man faces the sea, the large unit Luk Pavilion, NI Guangnan and Xu Li Jin-, and three people lived in a small cell of Yanshan Pavilion, in the interval by a road. The company requested a nanny in Luk Pavilion to LIU Chuanzhi, supper, therefore they often have dinner together. Once walnuts, LIU Chuanzhi indignantly said, just my luck! this time went to Shenzhen forgot to bring the health certificate, the result is a spot with a tube of blood tests.


Ni Guangnan that blood has nothing, in the past he has been offered in the second blood every 200CC. , Blood tests about 1CC it, nothing great. However, Ni Guangnan should not casually said something, then I slow down to Shenzhen, and other new health certificate for another go down. At that time, the Hong Kong association of these people entry visas, health certificates, etc., companies need to handle the transfer of technology from China, which is an important contribution to China's technology transfer company. Fang Wei Qiao back from Beijing, the Zhang Zhenqiang for Beijing Lenovo logistics personnel in Hong Kong, China, these things delivered by him of running a technology transfer company. .


I didn't think MA to NI Guangnan, exciting, q. Zhang Qiang organized? NI Guangnan said, about a week now. LIU Chuanzhi immediately very angry and said to be too slow!, so he picked up the phone is called Zhang Qiang under everyone's face and strongly clerks Zhang said, "you are trying to change health certificates were not down, if you do not have health certificates and NI total, cross the border to pumping blood, you have responsibility?" shows strong a man should be scolded critic of tears.


Ni Guangnan the side pins and needles, very embarrassing, I do not know what to say, sorry to speak directly suffered in his sheets. In fact, the transfer of technology companies rely on for health certificate to do, time can not help NORTHEAST Liu entirely ulterior motive. A few years later, Ni Guangnan and Zhang Zhenqiang talk, revisit this matter he is still very ill, very guilty Ni Guangnan, showing the depth of wounding Liu's lecture, but he is a "total Ni" in the name of doing so. .


In 1994, NI Guangnan on entrepreneurial has generated the alert. A critic to NI Guangnan, find a backbone of the conversation, said people on the backbone, and you say to him, asking him to pay attention. At that time had been vigilant NI Guangnan, said, why don't you find him? I just technology, it should not be for me to talk about. LIU Chuanzhi see NI Guangnan no matter the trap.


16, trap? . .


NI Guangnan's daughter and entrepreneurial son graduated from College in 1993, the second half of 1993, NI Guangnan, critic once asked his daughter after graduation, NI Guangnan, learn GRE, ready to go abroad. At that time, the critic, said that he was in favour of his son to go abroad, to go abroad is not a white culture? things half year or so, in March 1994, NI Guangnan reports have been up the debt stock is a serious problem, one day, the company's personnel Department of Xiao Liu suddenly come to NI Guangnan, said to be the total call personnel help NI total daughter exit, then take NI Guangnan..


Ni Guangnan one think that this is a fascinating, why Liu did not ask for my advice on the arrangement of personnel do? If he promised to call the Ministry of Personnel to do that, people say Ni Guangnan private economy by the public; now called the Ministry of Personnel, if not to do, others will say, Ni Guangnan asked before, but did not made it. So that must make it clear that Ni Guangnan.He immediately called Xiao Liu--featured the personnel department General Manager to be found also in the East, in the presence of two individuals, very seriously said he never made the total of such a request, they certainly don't need to do; NI Guangnan said that public-private distinction should, irrespective of who said that, contrary to the company's system will not be able to do it!.


17, "the public has" or "Settle"? . .


LIU Chuanzhi April 1994 at the Naval Hospital recuperation, one day, he told his driver driving a Mercedes-Benz 600 received NI Guangnan to hook yutai Park, NI Guangnan driver to take them out, and two people went to an alcove sit down to talk.


Liu straight to the point that: the old Ni, do not mention what happened in Hong Kong-listed Lenovo, in the future I can put you on top of Li Qin, the matter will end here, not to mention it! Ni Guangnan very decidedly replied: old willow, this is not my thing, I do on behalf of our directors, the Hong Kong-listed Lenovo things you have to account for all of us, if we say yes, I personally have no objection! Liu Ni Guangnan see no point to accept the conditions of meaning, and said: All right! This matter on this point! . .


Then, feel free to say some things, LIU Chuanzhi called his drivers come in, and NI Guangnan sent back. Subsequently, the critic of the Office and a few times, once on a fierce critic of the NI Guangnan on said-associative listing I must get to understand what I'm afraid this several times by a showdown, NI Guangnan and entrepreneurial relationships have actually broken, just outside surface also cannot see them.


18, the driver Xiao Hou. .


In 1994, a night at the beginning of may, NI Guangnan love neighbor suddenly call of NI Guangnan, worried: Hou (NI Guangnan "shuttle" drivers) in the fleet to drink a lot of wine, was said to be not he gave Mr. gross drive, he wants ….


Then, Ni Guangnan realized shortly before his sudden change at the car driver is not a simple matter. Lenovo's vice president was more than a car, Ni Guangnan drivers in determining when to administer the logistics of Caishu Yong Ni Guangnan comments to the vice president, asked if he agreed to do by the Xiao Hou car driver? Ni Guangnan readily agreed. Since then has been good to get along Ni Guangnan and Xiao Hou, Xiao Hou very smart people, technology is good, and sometimes go out to meet Ni Guangnan, traffic jam, Xiao Hou always thought a detour, on time, Ni Guangnan praised him for this. .


In short, Hou service is dedicated to driving for NI Guangnan has never had any problem; NI Guangnan on Hou is praised, never said a Word to say. In May 1994, NI Guangnan returned to Beijing from Hong Kong, President of Chamber, LIU Chuanzhi suddenly said: the team has a lot of accidents, in particular, Hou, he is driving to NI total, if the total for Gavin drive out of the accident, the injured NI total? give you want to make the entire fleet.


Ni Guangnan heard very strange, Xiao Hou the accident, I am in Hong Kong did not hurt, why fuss? President you do, no matter who never drove such a trivial matter to whom, why the sudden interest comes from my driver. This situation reminds that time down to Ni Guangnan excuse in Hong Kong, Liu Zhang Zhenqiang rap scene. Of course, at the Ni Guangnan said nothing. .


Shortly after, NI Guangnan discovery into Xiao Liu came to him, but then I thought maybe Hou NI Guangnan is sick, do not care. NI Guangnan don't realize that this is a changed his driver, and may also use NI Guangnan, on behalf of Hou Hou said a lot of harm..


Ni Guangnan until late at night in Hong Kong, Lao Zhao received the phone before we realize, something fishy here.The original fleet to Hou as his "special" drivers, laocai (Lenovo's Vice President in charge of logistics, CEO) dedicated to seek his advice, but now replaced his limousine drivers laocai didn't seeking his advice, at the level of rigorous Association, if this is your own mind, laocai by CAI, a very strong "organizational" would come to seek his advice and had not much idea laocai, he never took the initiative to find drivers for NI Guangnan change linked to the NI Guangnan, President of the Chamber meeting, LIU Chuanzhi, feel this side there is a critic of shadow.


To calm the situation, Ni Guangnan immediately to the team long-distance calls, find the Xiao Hou, for comfort. Ni Guangnan said: "Xiao Hou, I said you do not have all these years?" Xiao Hou said: "no." Ni Guangnan said: "Xiao Hou, I never said you drive well, I never said do not you drive I never said to replace you, you believe my words? "Xiao Hou said:" Ni general, I believe. "Ni Guangnan said:" Well, in that case, you should listen to me! Now, you do not another drink, and quickly went to sleep! "Xiao Hou Ni Guangnan heard the words, soon calmed down, this did not develop. .


NI Guangnan came back from Hong Kong, conspiracy, fear that we all know the truth, the fleet will never happen. Is President of room wrote a letter. LIU Chuanzhi also complex a letter. NI Guangnan wrote no retention, LIU Chuanzhi acknowledgments but stay. The letter, the lapse of time, said LIU Chuanzhi himself "as your own meat was concerned with your safety" NI Guangnan see think LIU Chuanzhi write too fake. I thought, if you really so good to me, that I not, "Tan Lu Ping of the" Ni Guangnan think this letter is not addressed to themselves, but written for others to read, and is expected to leave some copies to Liu When released, the results as expected. .


19, total no financial authority.


Each year, the association's finance department managers are requested to record his signature in order to review their approval of the financial documents. Ni Guangnan's signature is never for the record, because Ni Guangnan Liu did not give any property rights. Ni Guangnan never fighting for power but does not care about (his only financial documents are signed and HU Jing-yu together with approval to award the Department of 20,008 program-controlled switchboards thousand dollars, in the "loss of association" has described the book), he believed the correct advocates always be supported, as long as the work can be carried out, please, vice president of planning department and even the president or any other sign can be.Therefore, in 1994, a critic of the "card" in finance, he is completely.


However, it also saved Ni Guangnan, Liu tried to grab his "handle" will be very difficult. Otherwise, Ni Guangnan if approved many large financial documents (annual total of about three million R & D expenditures are not issued by the Ni Guangnan signature of) who can guarantee that he did not fall into Sun Hongbin end? Set up. .


20, Lu Tan ping management.


Lu Tan Ping Another drawback is that the management of the company as a family workshop, in addition to his wife Elsa told to do other than the Chief Manager, has placed his two brother in law to the San Jose branch is responsible for financial and sales. General Manager of the branch is the original Doctor, very talented, but there are relatives of Tan Ping Lu responsible for financial and sales, she found it difficult to manage, then quit. .


NI Guangnan said: "the beam as. "There is also General Manager of the branch to follow Lu Tan ping adulation, co-head of the opposite side of the branch has its own private companies, he got from Lenovo and other PC motherboards, and immediately after the transfer of goods with low-priced to sell their own private company, so that the branch is no profit, while his private company was able to get a good profit. Therefore, the Hong Kong Association of the overseas markets do not Tan Binh Lu is the major cause of poor management.


Lu Tan Pingjiang items considered as agents in Hong Kong, Lenovo, this piece of business are better than in earlier years, but it relies heavily on the Beijing Legend's "guarantee the end of the market" and China's technology transfer company's lending capacity. Because of the Beijing Legend's "security at the end market," Hong Kong Legend AST can order hundreds of thousands of computer companies, to get a very favorable price, without fear of the backlog. Then the one hand, the Beijing Legend Computer resellers to get huge profits, on the other hand, you can then sell to small agents or other customers, this required a substantial loan from China to resolve the transfer of technology companies. .


Later, in 1990, the Beijing Association start selling its own brand of Lenovo computer so that the AST computer sales decline, the lack of a "capital at the end of the market," the Hong Kong Association AST proxy business also. This shows the LU Tan equality agency business better, mainly rely on the Beijing Association of "market" actually promised, Lenovo has its own great "-market" to open an Office in Hong Kong, stock directly to the AST, similarly you can get a very favourable price.


The agent is the most important market for the money, which all rely on technology transfers in Beijing and the Chinese company Lenovo. Originally Beijing Legend own the market and money and allows the association to purchase Hong Kong, Beijing, Hong Kong, Legend Lenovo purchase again, is none other to the Hong Kong association approach. .


Beijing Association of Hong Kong Association of this kind of approach to a lot of profit. For example, in Beijing Lenovo PC selling their brand, our Association is responsible for Lenovo PC sector (BD1), also rely on the Beijing Association, because according to Beijing and Hong Kong, Lenovo, Lenovo, Lenovo computer sales, cost amortization, profit them equally. As we all know, Beijing Lenovo sales associate computer into the thousands of people and almost the entire company's resources, and the Hong Kong Association of BD1 however only invest a, 20 people, this cooperation is clearly the way to the Hong Kong Association for. ..


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