Ten Running Skills for Beginners

HELLO GUYS! HELLO GUYS! HELLO GUYS! This is Wu, Allridge. I haven’t written anything for a long time. Today, I sorted out some suggestions from beginners. I hope you will gain a lot after reading them patiently. Let’s start.

From the 5k mini marathon to the simple jogging around the community, it may be to kill boring time or to lose weight, which seems to be the common beginning for everyone to join in running.

Then you don’t need any special equipment except a pair of good shoes, so running is a cheap, interesting and effective way to do aerobic exercise every week.

The following ten simple tips will help you learn to run correctly, so that you can enjoy all the health and benefits without risking injury or burnout.??

https://www.bilibili.com/video/BV1Z44y1q73r? share_source=copy_web

When starting a new running plan, it is very important to invest in a good pair of running shoes. Don’t use the old shoes at the back of the wardrobe by mistake or buy them at discount stores. Please be sure to go to the online shop that specializes in selling running equipment or consult the running friends around you and ask them to recommend the channels for buying shoes.

Because there are many choices in running shoes, you need professional advice to help you get the running shoes you need accurately. I also put a program I did on it, so you can refer to it and know clearly what running shoes to wear at what stage. Your new shoes may cost between 200 and 500 yuan or more, butVery worthwhile investment..??

When you first try running, you may be surprised that it is more difficult than you expected.

Running with a group of people or at least several running partners will help to maintain motivation and sense of responsibility. See if there is a running group or a running friend around you, let him take you, or even tell your trusted basin friends to let them supervise your running clock.

https://www.bilibili.com/video/BV1Hv41177Y7? share_source=copy_web

When you start running for the first time, you may feel more tired than expected, and you may have pain such as tibial tension, spasm and muscle strain. It usually takes your body four to six weeks to learn to adapt to this kind of exercise. Don’t push yourself too hard, or you may be hurt more seriously.

Even if you don’t hurt yourself, starting too fast will make you feel overwhelmed and give up. Give yourself time to adapt to this new sport, and your body and mind will thank you one day.

This seems to be against trial and intuition, but when you try running for the first time, it is important not to focus on speed. If you try to run fast, your body will be difficult to recover. When you worry too much about your statistics, running will not be so interesting, and you may lose the motivation to keep running.

Try to run at a moderate speed (maybe just a little faster than your fast pace, 7.5 minutes or 8.5 minutes), so that you can communicate freely with comfortable breathing. Ideally, you should feel that you can run farther and be happier every time you run.

Following the plan is one of the best ways to start learning to run. You can try the training method of running and walking. This method can find related courses on the Internet or in the sports app, such as "Five-kilometer Tolek Run"

Running/walking interval training is one of the most effective plans for novice Xiaobai. This allows you to gradually increase your running time, usually within 8 to 12 weeks, until you can run continuously for 30 minutes or more.

No matter what your training plan asks you to do, always listen to your body and respect your feelings. If you feel pain beyond normal muscle aches, stop running. Ice compress, rest, elevation and anti-inflammation should help to treat most simple injuries and strains. Continue to rest until the pain is relieved, and then slowly return to your running plan. .

https://www.bilibili.com/video/BV11w411Z7HV? share_source=copy_web

?

When you plan to run, it is important to replenish your body with energy properly. Not eating, eating too little or eating too close to your running time will affect your health and training effect. Try to eat about 200 to 400 calories about an hour and a half before running, which is mainly composed of complex carbohydrates and a small amount of protein (a piece of whole wheat bread, an egg and a banana).

Maintaining proper drinking water is as important as proper diet. Drink at least 300ML of water about two hours before running. If you plan to run for more than 45 minutes, you need to drink sports drinks to replenish the lost electrolyte ().

If you have some interesting goals to achieve along the way, you will be more likely to stick to your running plan.

Find a 5k race or online race in your home city. Because running has become so popular now, it is easy to find many competitions with interesting themes, such as color running, running shoes trial running or charity running.??

When you are ready to start running, the most important thing to remember is. If you often tie your sneakers to run, then you are a runner. Some people may run faster than you, but don’t let this scare you. Don’t underestimate yourself, stick to your training, and before you know it, you will stride forward and keep up with the crowd.


Finally, I would like to give you some words about warm-hearted and inspirational running:

RunningNot just run out, but get yourself back.

RunningThe true meaning is to run more and more happily, run down and let weakness leave the body.

· Be a happy person, study,runWork hard, care about your health and keep a good mood, and become your best self.

Finally, I wish to see my little brother and sister here. The more they run, the happier they are. This is Allridge Wu. See you on the show. Bye!

Lingao Volleyball Championship | "Flash" Fu Ping played an excellent host Lingao team defeated Chengmai team 3-1.


Original title: Lingao Volleyball Championship | "Flash" Fu Ping played an excellent host Lingao team defeated Chengmai team 3: 1.

Click to view more videos.

New Hainan Client, Nanhai Net February 18 th News (Reporter Liang Zhenwen) On February 18 th, the "Chinese Dream and Working Beauty"-"Witt Cup" 2024 Hainan (Lingao) Trade Union Elite Volleyball Championship was launched in Binjiang Park, Lingao County. In the second game, the host team Lingao vs Chengmai, and finally Lingao defeated Chengmai 3: 1.

Chengmai team (blue) played against Lingao team. Reporter Wang Chengxian photo

In the first game, both teams quickly entered the state, and the scores alternately led. Lingao team occupied the host advantage and always led by a small score. Lead by 14:12 through smash. Chengmai team took the lead in entering the timeout to adjust, but Lingao team was in a hot state, scoring continuously and continuing to lead at 16:12. The Lingao team entered the state earlier, and Fu Ping (nicknamed "Flash") on the 5th and Ke Xianxin on the 2nd successively scored points. Finally, Lingao team easily won the first game at 21:15.

Chengmai team (blue) played against Lingao team. Reporter Wang Chengxian photo

At the beginning of the second game, Chengmai team quickly adjusted its state and led Lingao team by 5:1 from the beginning. Forcing Lingao team to call a time-out for adjustment. Chengmai team destroyed Lingao team’s pass, probe and smash by serving, and Chengmai team quickly gained a huge lead of 11:3. Due to the momentum of Chengmai, the Lingao team’s adjustment has not achieved much, falling behind with a huge difference of 5:18. In the end, Chengmai team pulled back a game with 21:8. The two sides drew a big score of 1:1.

Chengmai team (blue) played against Lingao team. Reporter Wang Chengxian photo

At the beginning of the third game, Lingao team adjusted its state and took a temporary lead of 5:2. In order to fight for the start, Chengmai team quickly called a time-out to adjust and catch up with the score at 5:6. Lingao team quickly took a lead of 10:6. Chengmai team also served and blocked, and the score was tight at 13:15. Both teams entered the state, blocking, smashing, and slashing. Finally, Lingao team defeated Chengmai team at 21:17 through the smash of No.2 Ke Xianxin and won the third game. Leading with a total score of 2:1.

Chengmai team (blue) played against Lingao team. Reporter Wang Chengxian photo

Chengmai team (blue) played against Lingao team. Reporter Wang Chengxian photo

At the beginning of the fourth game, both sides fought for the start and tied 2-2. Through blocking, Chengmai scored 4 points in a row and took the lead by 6:2. Lingao team can only call a time-out for adjustment. Lingao team strengthened its attack, and Chengmai team also strengthened its defense through multi-person blocking. The score was not opened at 7:12. Subsequently, the Lingao team continued to storm, 10:13. Chengmai team called for a time-out to make adjustments. Lingao team maintained its state, destroyed the opponent’s pass by serving, and passed the defense to overtake Chengmai at 16:14. Chengmai team also made adjustments and defended one after another, catching up with the score at 17:18. Finally, through the smash of Fu Ping on the 5th, Lingao team won Chengmai team at 21:18. Take the first win with a total score of 3:1. (Liang Zhenwen)

Money for beauty cosmetics poured into raw materials.

The investment outlet of beauty raw materials "can only go up". Although the mature raw materials are overvalued, there is still concern value in this field, and raw material innovation and transformation profit are the highlands to be tapped.

Reporter | Xie Chuchu

Figure source | Figure worm creativity

In the past year, where did the hot money in the beauty industry flock to? The answer is raw materials. According to the statistics of the future, in 2023, there were 27 financing related to beauty raw materials, which exceeded the sum of skin care, make-up and personal care, and medical beauty services.

Two years ago, thanks to the rapid development of online consumption, a number of cutting-edge beauty brands were favored by capital. Now it is the turn of upstream raw material suppliers to be valued, and there are investors’ withdrawal worries behind it: upstream enterprises are more likely to go public than consumer brands. Some investors even want to go upstream as much as possible, for example, starting from the laboratory side of raw materials. In addition, there is also industrial capital in the investment of beauty raw materials, and they hope to develop unique raw materials to support the terminal through deep binding with raw material suppliers.

Li Tao, executive director of Sunshine Ronghui Capital Consumption Fund, also paid attention to several raw material ingredients in 2023, but after several hesitations, he didn’t take the shot. The reason for waiting and seeing was that "the valuation was a bit high". For the trend of this field in 2024, Li Tao judged that the heat will not be as good as before, because many raw material companies have achieved financing and overvaluation, and it takes time to cultivate and digest raw materials in the market.

Xue Feng, president of Shanghai Jinpu Yuwen Investment Management Co., Ltd. believes that the investment outlet of beauty raw materials "can only go up". Although the mature raw materials are overvalued, there is still concern value in this field, and raw material innovation and transformation profit are the highlands to be tapped.

Hot track

Twenty-seven raw material enterprises, including Shenzhen Haichuang Bio, Qingdao Zhongke Lanzhi, Shanghai Yiru Bio, Shanghai Guangyue Bio, Wuhan Hesheng Technology, Jiangsu Shenghe Wanwu, Yuanyi Bio and Jiangsu Chuangjian Medical, received financing in 2023, and the investors behind them included Lenovo Capital, Softbank China, Zijin Port Capital and Hongbo Capital.

In Xue Feng’s view, it is the general trend that raw materials receive much attention. From the global experience, the rapid growth of international brands has largely benefited from the application of core components, such as the 377 (phenylethyl resorcinol) of Dr. Johnson Chengye, the boson of L ‘Oré al Group, etc. Large multinational groups have always attached great importance to the investment and acquisition of upstream core components. The same is true in China. In 2020, the implementation of the new regulations on the supervision and administration of cosmetics promoted the rapid development of functional ingredients, and domestic head enterprises and cutting-edge high-end brands also actively integrated the supply chain. For example, the revenue of Freda was driven by hyaluronic acid, which increased rapidly from 200 million yuan to more than 2 billion in five years. Bettini’s development of traditional herbal ingredients has gradually made it a scientific and technological beauty brand with national characteristics.

Most of the above-mentioned more than 20 financing enterprises are synthetic bio-companies, one of which is to break through the limitations of the original biological raw materials, improve production efficiency and reduce costs by technology. At present, the raw materials for synthetic cosmetics include hyaluronic acid, collagen, astaxanthin, ergothionine, carnosine, sialic acid, arbutin, squalene and so on.

Recombinant collagen and peptides are the components that attract much attention in 2023.

After being led by Shiseido in 2022, Chuangjian Medical was jointly led by LCatterton, a consumer investment fund under LVMH Group, and CITIC Lyon Capital in September 2023, with the financing amount exceeding 200 million yuan. The company is mainly engaged in recombinant collagen, and started listing counseling in January 2024.

In July 2023, Jinbo Bio was listed on the North Stock Exchange, becoming the first recombinant collagen company to land in A shares.

In the previous month, Pai Peptide Bio, which has attracted much attention in the industry, disclosed the prospectus in Shenzhen Stock Exchange and opened the way to listing. This enterprise is a state-level high-tech enterprise focusing on the research and development and production of polypeptide products, and it is also the only state-level "specialized and innovative" small giant polypeptide production enterprise, and has cooperation with local cosmetics enterprises such as Polaiya, Huaxi Bio and Marubi.

Investment considerations

The head of the investment department of a domestic head skin care enterprise said that last year, the department was also concerned about the investment opportunities of raw materials, covering peptides, collagen, ceramides, sunscreens and other fields. The reason is that in recent years, consumers pay more attention to the efficacy selling point, and brand enterprises also hope to deeply bind with innovative supply chain enterprises in the upstream to jointly develop or directionally make some unique raw materials, so that "the logic of two-way cooperation between business and capital is relatively smooth". At present, his department is following up several targets and plans to participate in investment by direct investment.

In addition, he also mentioned that it is more difficult for consumer companies to go public at present, but upstream companies are currently listed.

In January, 2024, after seven years’ long waiting for listing, Mao Geping, a well-known cosmetics brand, voluntarily withdrew its application for listing and distribution, and the listing of "The First Share of A-share Domestic Cosmetics" came to an end temporarily.

Li Tao also believes that raw material companies have certain scientific and technological attributes and have the possibility of listing. Therefore, last year, he also paid attention to peptides, ergothionine, plant extracts, etc. However, due to the high valuation of the company, they did not make a move in the end.

Shanghai Jinpu Kunwen Investment Management Co., Ltd. has been paying attention to innovative raw materials with practical effects on health and beauty. The underlying logic is to find raw materials with high price, high gross profit and high added value, which have the characteristics of wide application and large market, including the raw materials related to transdermal absorption technology, the extraction of characteristic plants and the innovation of raw materials by modification technology platform.

Like Li Tao, Xue Feng also looked at many popular cosmetic raw materials on the market last year, such as Shenzhen Weiqi Technology Co., Ltd., which makes peptides, but the valuation of such enterprises is too high to invest. Last year, he finally invested in two different companies, one is Eutectic Technology, which is characterized by innovative improvement of existing raw materials, such as solving the pain points of curcumin, hydroxytyrosol and so on; The other is Chapter 14 of the brand, which is characterized by drawing lessons from the ideas and logic of new drug research and development, applying computer technology to the excavation of key targets, designing new functional compounds and screening high-performance active products.

In Xue Feng’s view, the new research and development of raw materials takes a long time, even without income for several years, and the cost will be cheaper if the raw materials are improved, the experimental verification time of effectiveness will be shortened, and the overall business cycle will be shortened.

Can the tuyere continue?

Li Tao will not invest in raw materials unless the performance of raw materials companies is improved this year. He predicted that it would take several years for the raw materials to be digested by the product side, thus contributing to the performance. In addition, the listing failure of peptide bio, which attracted much attention last year, also made the investment in raw materials more uncertain. "It was a good signal," Li Tao said.

In June, 2023, Pai Peptide Bio, the raw material supplier of "beauty peptide" with the largest market share in China, attacked the IPO, and in December, 2023, it applied to withdraw the application documents for listing.

Despite this, Xue Feng believes that the popularity of beauty raw materials will continue in 2024, "only in this direction." Last year, a consumer brand invested by Xue Feng realized a profit of 150 million yuan, but it still failed to go on the market, so it had to move its business closer to new materials and raw materials. These days, Xue Feng is visiting a polypeptide-related enterprise in Jinan, which is still in the laboratory research and development stage.

In Xue Feng’s view, a large number of investment institutions have turned their attention to the upstream raw material industry, which has also caused a certain degree of valuation bubble. However, he believes that the innovation of raw materials lies not only in the original development, but also in the innovative transformation and utilization of the original raw materials, which is also worthy of the attention of enterprises and investors.

The END

Recommended reading

Original title: "Beauty money rushes to raw materials"

Read the original text

Down! Snow! La! It snows in many places in Henan. Did it snow there?

The wind blows down the yellow leaves
It’s snowing.
The cold wave arrived in beginning of winter.
Get up this morning
I believe many people
Everyone felt the sudden drop in temperature
Many places are shivering under the covers.
today’sBeginning of winter solar termsIt is also very appropriate.
A powerful all-round cold wave
Is sweeping across the north and south of our country
Rain and snow appear in many places
From 20: 00 on November 6 to 6: 00 on November 7, rain turned to sleet in Zhengzhou, and snow appeared in Gongyi, Dengfeng and Xinmi in the west.
At 18: 00 on the 6 th, the Central Meteorological Observatory upgraded and released it.
The first orange warning of blizzard this year
Forecast Beijing-Tianjin-Hebei and Jilin, LiaoningHenan(Province)Shandong(Province)
Equal placeAs big as blizzard.
As soon as the news came out
Netizens expect the value to be full.
↓↓
This beginning of winter is a bit beautiful. The first snow in the second half of the year has arrived. Did you "sign for it"?
Early in the morning,The circle of friends was awakened by the snow.. It is not surprising that the cold wave brings cold wind, cold rain and "dark wind blows rain into the cold window", but the rain turned into snow in the middle of the night, which surprised many people. Zhongmou county’s circle of friends has been "captured" by videos and pictures of snowflakes flying.
It snows in Henan and it snows in Zhengzhou.Snow came in droves, and the background was yellow and red leaves, which looked strange and strange.
So, where did it snow in Henan last night and this morning? According to the monitoring of Henan Meteorological Observatory,From 6 o’clock yesterday to 6 o’clock today, there was little to moderate rain or sleet and light snow in most parts of the province, including heavy rain in parts of Puyang and Shangqiu, with the maximum precipitation of 47.3 mm in front of the stage. At present, there is snowfall in Sanmenxia, Luoyang, Pingdingshan and Puyang, in the west of Xinxiang and Zhengzhou, and in the east of Anyang, Hebi, Xuchang, Zhoukou and Shangqiu. There is 1 ~ 2 cm of snow in Lushi and Mianchi of Sanmenxia.
There is also obvious snowfall in the western mountainous area of Zhengzhou and Zhongmou in the east. It’s just that the ground temperature in the western mountainous area is low, and there is snow, while the ground temperature in Zhongmou is high, and the snow melts when it touches the ground. One piece, two pieces, three or four pieces, flying into the yellow leaves are all gone.
Today, the beginning of winter solar term is coming. So, can we say,This is the first snow since winter?Dahe Daily reporter learned that beginning of winter season. Everything has entered a state of recuperation and collection, and the climate has gradually changed from dry autumn to rainy and cold winter.
However, due to the heat and energy stored on the surface, it is generally not very cold in early winter. As time goes by, cold air activities become more frequent, and the downward trend of temperature will gradually accelerate. However, it is not winter in beginning of winter. According to the average temperature method, the winter begins when the average temperature (the average temperature for five consecutive days) drops below 10℃ and ends when the average temperature is above 10℃.According to the trend of temperature change in Henan in the future, Henan does not have the conditions for winter yet.
Come and enjoy it.
Zhengzhou, Xuchang, Sanmenxia and other places in Henan Province
The first snow since winter.
Fuxi Mountain in Xinmi
Luohe
It’s not just rain and snow
And strong winds.
Affected by strong winds, the suburban line of Zhengzhou Metro (Shilihe Station ~ Xinzheng Airport railway station) was suspended.
Warm reminder:On November 7, Dahe Daily reporter learned from Zhengzhou Metro Group Operation Branch that due to windy weather,From 6: 00 on November 7th, the suburban line of Zhengzhou Metro (Shilihe Station to Xinzheng Airport railway station) was suspended.
Passengers with relevant travel plans are advised to take other means of transportation, which will bring you inconvenience. Please understand that Zhengzhou Metro will issue a notice as soon as it resumes operation. Thank you again for your understanding and support. (Dahe Daily reporter Tian Yuchen)
How windy is Zhengzhou? Just look at these fallen trees.
On the morning of November 7th, due to the bad weather of strong wind and precipitation, trees on the west side of 100m road south at the intersection of nanyang road and huanghe road in Zhengzhou City toppled, occupying the northbound and southbound lane of Nanyang Road, and passing vehicles had to pass along the east half of Nanyang Road.
Zhengzhou issued a yellow warning for strong winds.
Zhengzhou Meteorological Observatory continued to issue the yellow warning signal of gale at 06: 20 on November 7, 2021: It is estimated that in the next 12 hours,Zhengzhou City, Gongyi, Xingyang, Dengfeng, Xinmi, Xinzheng, Zhongmu, and Airport AreaWill appearThe northwest wind is about 8, and the local gust is 9 to 10.. Please take precautions.
In the next few days?
What is the weather like in Henan?
Cold wave+strong wind+cooling is coming to Henan, please take precautions!
During the day today, there is light rain or sleet in most parts of the province, including small to medium snow and partial snowstorms in the north of the Yellow River and Sanmenxia and Luoyang areas, and in the west of Zhengzhou, Xuchang and Pingdingshan areas and parts in the north of Nanyang area.
The rain and snow stopped tonight.
The northwest wind in the province is about 6, the gust is 8~9, and the local gust in the central and western regions is about 10.
Affected by strong cold air, the temperature in the whole province has dropped significantly since November 8, and the minimum temperature in many places will drop to below zero. Compared with the previous period, the minimum temperature dropped by 10℃~12℃, and the local drop reached 14℃~16℃.
Strong winds, rain, snow and cold waves hit.
What defensive preparations should we make?
Xiaobian all-round, no dead ends
I made this handbook for everyone to defend against the cold wave.
Put it away quickly, it is recommended to forward it immediately!
Expert reminder
The cold wave struck,Old people and children should pay special attention to keep warm.Increase clothes in time to guard against catching a cold.
In cold weather, you shouldAppropriate reduction of outdoor activities, especially for the elderly with lung diseases, cardiovascular diseases and osteoarthritis, is easy to induce diseases after cold.
There is a risk that COVID-19 will overlap with respiratory diseases such as influenza this winter, so the public needs to pay special attention to infectious diseases such as influenza. Adhere to wearing a mask in daily travel and closely protect yourself. Teenagers and children, in particular, are susceptible to influenza, so protective measures should be taken in daily life to effectively reduce the infection and spread of influenza.Wash your hands frequently and try to avoid touching your eyes, nose and mouth.
Once students have flu symptoms, they should observe them in isolation at home and attend classes without illness to reduce the spread of the disease.
1. In case of bad weather like freezing rain and snow,Keep abreast of road conditions,Make a reasonable travel plan;
2. In the case of poor sight,Turn on the front and rear lights, fog lights, etc. If the window glass fogs, the air conditioner can be turned on to defog mode or cold air can be turned on to remove it quickly, and when the rain is not heavy, the window can be opened for convective defogging;
3. Driving is mainly gentle.Try braking distance and braking feeling on roads with few cars;When braking, the brake is the main point, and the manual transmission vehicle can slow down by downshifting;
4. In case of vehicle sideslip, the correct operation mode is to control the steering wheel to effectively avoid tail flick or in-situ U-turn. Lightly tap the steering wheel along the side-slip direction, and then lightly brake to slow down until the vehicle is completely controlled;
5. In case of accident or failure,Set up warning signs 50 meters away from the direction of coming cars, turn on the double flashing warning lights, and move the cars to the side of the road quickly if conditions permit.Does not affect the passage of other vehicles;
6. When you go out, you might as well try the slippery degree of the road first. Please turn on the radio when you are driving.Adjust to the traffic station and listen to the traffic broadcast in time. If the traffic situation is very bad, you might as well stop at the right place and choose other ways to travel.
Strengthen the management of facilities and greenhouses. This time, the strong cold air has a strong wind and a large cooling range. Please repair and reinforce it in advance, and strengthen inspections during the period to prevent damage caused by excessive wind. Uncovered strawberries and other crops that are not cold-tolerant, pay close attention to film mulching to prevent damage caused by rapid cooling. Fruit trees with more hanging fruits and shallow root fruit trees should be reinforced in advance, and the fruits entering the harvest period should be picked in time.
Keep warm in aquaculture. This cold air process has greatly reduced the temperature, so aquaculture should strengthen oxygen enrichment and water quality and water level management.
Although the snow scene is beautiful
But be sure to add clothes to keep warm when you go out.
Beware of colds and spend the winter happily.
Source: Dahe. com Comprehensive Eye Encounter Dahe, Henan Daily, Dahe Daily, Henan Meteorological, Zhengzhou Meteorological People’s Daily and other copyrights belong to the original author. If there is any infringement, please contact and delete them.
Reporting/feedback

The two-color ball 100 million yuan prize is by no means the end. The first time, 5 million yuan is still fresh in my memory.

    China lottery has gone through a glorious journey of 20 years. Along the way, bonus milestones not only record more and more bonuses and higher sales, but also record the development of lottery, and record that people’s wallets are getting bigger and bigger, and their lives are getting better and better.


    Looking back at history, we can’t help feeling. Looking forward to the future, a billion dollars is not the end!


    20 years ago: 2000 yuan was the first.


    Winning situation: time: 1987, location: Zhengding, Shijiazhuang Winning amount: 2,000 yuan.


    Income level: According to a sample survey of urban and rural households, in 1987, the average per capita income for living expenses of urban residents was 916 yuan, and the average per capita net income of farmers was 463 yuan. Among the net income of farmers, the average per capita productive net income was 419 yuan.


    However, the income growth of urban and rural residents is uneven, and the real income level of 21% urban households has declined due to rising prices; There are 8.2% peasant families whose average per capita net income is below that of 200 yuan.


    This year, lottery tickets were listed as a popular factor. On July 27th, the first batch of welfare lottery tickets in New China were officially issued with prizes for fundraising, and the first lottery ticket was sold in Shijiazhuang, Hebei. Soon after, the first winner, Wen Guobin of Zhengding, Hebei Province, was born in exclamation. When he was holding this "huge sum" of 2,000 yuan, people were wishing him a step closer to the dream of "ten thousand households".


    In the next 20 years, reports about 2000 yuan spread all over the country like snowflakes. Twenty years later, when we found this "celebrity" who had made a great contribution in the lottery history of China again, he was selling kebabs in a small night market, and the "huge sum" of 2,000 yuan was deposited in the bank, which did not change his fate. The eyes of excitement, excitement and even jealousy have long been submerged by history. From the calm face of the winner, it is hard for people nowadays to imagine what kind of tremor the original 2000 yuan caused in the lottery.


    In 1987, the welfare lottery didn’t become a big hit because of this 2000 yuan, but it faltered. In that year, the annual sales volume of the whole country was only 17.4 million yuan.


    8 years ago: 5 million won the first prize.


    Winning situation: time: 1999, location: unknown, winning amount: 5 million.


    Income level: In 1999, the per capita income of urban residents in China was 5,854 yuan, while that of rural residents was only 2,210 yuan.


    100,000 yuan, 1 million yuan … In the 1990s, what was 2,000 yuan? The spread speed of E-era is unimaginable. Before we came to our senses, at the end of 1999, Zhang Lijun’s name spread as fast as lightning, and the first 5 million lottery winner was born. From then on, the sum of hundreds of thousands to hundreds of thousands staying in our minds is no longer mysterious and distant, and the appearance of 5 million directly shattered this old impression. By the end of this year, the national sales of welfare lottery tickets was 1,044,451 yuan, which exceeded the 10 billion yuan mark for the first time.


    Six years ago: Ten Million Awards were born.


    Winning situation: time: January 2001, location: Ezhou, winning amount: 10 million.


    Income level: According to the survey, the average annual salary of netizens in ten major cities such as Beijing and Shanghai in 2001 was 27,060 yuan. The data shows that the proportion of low-income people in China is much larger than that of high-income people, and the number of people at both ends is small. Most people’s income is basically in the middle class, and the annual income of 10,000-50,000 yuan accounts for 55.7%.


    At the beginning of the new millennium, it was predicted that the 21st century belongs to the East and China. Just after the veil was lifted in January, the welfare lottery "Chutian Style" created China’s first fortune as predicted: the first multi-millionaire was born in the history of China lottery. In that year, a lottery winner from Ezhou, who won the prize of 5 million yuan in the 36th issue of welfare lottery, won the prize of 5 million yuan again in the 59th issue, making China the first person to become a multi-millionaire by lottery. Multi-millionaires in the new millennium have added a wonderful sum to China, where Tang costumes are in full bloom. In that year, the welfare lottery was issued nearly 14 billion yuan, and the social welfare fund was raised nearly 4.2 billion yuan, with an annual growth rate of 50%, creating the highest record since the welfare lottery was issued.


    After that, 20 million, 30 million, 45 million and 50 million were issued one after another, and the welfare lottery completed a great leap in these figures. The lottery’s heart has finally withstood the repeated shocks. Winning the prize is not a dream. Maybe there is a grand prize winner hidden around us. During the three years from 2004 to 2006, the total sales of Fucai exceeded 113 billion yuan, exceeding the sum of the previous 16 years.


    Now: the concept of grand prize is frequently refreshed.


    Winning situation: time: 2007, location: Beijing, Heilongjiang, Gansu, winning amount: 8 million, 11 million, 65 million, 100 million.


    Income level: Statistics released by the National Bureau of Statistics show that the income of farmers continued to grow in the first half of this year, with the per capita cash income reaching 2,111 yuan, and the per capita disposable income of urban residents in the first three quarters was 10,346 yuan.


    2007 was brilliant because of the grand prize, and the whole year was golden. The peak came from the second award of 100 million yuan for the two-color ball. On the evening of September 11th, the first lucky person who hit 8 million yuan in 2 yuan in China Color Market was born. In the 2007106 lottery of the two-color ball, a Beijing lottery winner won the first prize of 5 million yuan and won the award of 3 million yuan, winning a total of 8 million yuan!


    Half a month later, on September 25, 2007112, the two-color ball shocked the color market by 11 million! It’s not a double shot, not a double shot, and the two-color ball has set a new record for the first prize of single note!


    On October 11th, the 23-note first prize seemed to suffocate the lottery market for a short time, followed by an explosive boiling. Heilongjiang lottery won 15 jackpot prizes and won 65 million! Not only the bonus is refreshed, but also our concept of the grand prize.


    At the end of November, we thought that 65 million yuan was the peak, which was the wave, and thought that this record would let Heilongjiang enjoy it safely for a period of time. But the game can’t stop, the legend keeps on playing, and I haven’t had time to say hello: Are you ready for the next round of challenges? A hundred million suddenly broke into our lives.


    "A hundred million!" People never ask "Have you eaten?" Any language seems so pale here. The first billion dollars of a two-color ball is like life jumping out of a rock, which makes us stunned for just 20 years. Can the concept of "5 million dollars" still touch our hearts? Looking back at these data, 8 million, 11 million, 65 million, and 100 million! "Anything is possible" We still have reason not to believe that we don’t expect a bigger "pie" to sweep the lottery market.


    The five world lottery prizes of 100 million yuan did not make the top 50.


    On November 27th, a lottery winner in Gansu won the grand prize of 117 million yuan, which set a winning record in China’s lottery. However, compared with the highest lottery prize in other countries in the world, the billion-dollar prize won by Gansu lottery players is less than 1/20 of the world’s highest prize. If a list of the world’s highest lottery prizes is listed, Gansu’s billion-dollar prize is still not in the top 50. According to statistics, the top five lottery prizes in the world are all over $315 million, and all of them were created by American lottery.


    First prize: $365 million


    In February 2006, the American Powerball lottery won a prize of $365 million, setting a record for winning the lottery in the world so far. This grand prize was bought by eight workers in Nebraska’s meat factory. However, because they took a one-time cash payment, each person received only about $15.5 million after tax.


    2nd Grand Prize: $363 million


    In May 2000, the American lottery "Big Game" (the predecessor of the "Very Million" lottery) awarded the highest prize in the world lottery at that time, and the two lottery players were lucky to share the huge prize of $363 million.


    3rd Grand Prize: $340 million


    On October 19, 2005, the American Powerball lottery won a prize of $340 million, and a lottery player from Oregon won a prize of $340 million. Although this grand prize is only ranked third, it is the highest prize in the history of the world lottery.


    Fourth Grand Prize: $331 million


    In April 2002, the American lottery "Big Game" awarded a grand prize of $331 million. Three lucky people shared the grand prize. One of them was a 20-year-old warehouse worker, the other was a 46-year-old Portuguese-born restaurant manager, and the other was a hospital worker. Each of them received a bonus of $59 million.


    Fifth Grand Prize: $315 million


    In November 2005, the "Very Million" lottery jointly sold by 12 states in the United States won a prize of $315 million. Seven employees of a medical institution in California jointly bet on 21 lottery tickets, one of which won the highest prize. One of the seven people is a secretary, and the other six are laboratory employees. They have always pooled their money to buy lottery tickets, and this time they only paid $3 each. Because they chose to receive it in one lump sum, they each received a prize of $25 million.


    Three lottery players have passed the 100 million prize.


    A lottery player in Chengdu almost won 150 million yuan.


    When the 100 million yuan prize came out on November 27th, people from all walks of life were amazed. In fact, before this, several lottery players won the second prize of 20 or even 30 two-color balls, but just because a blue ball was not selected, they missed the billion-dollar prize and failed to become the first winner of the billion-dollar prize in China.


    A lottery player in Chengdu


    Number of notes for the second prize: 30 notes; Actual winning amount: more than 5.4 million yuan; Assuming the winning amount: 150 million yuan


    On September 21st, 2006, in the 2006111th two-color ball lottery, there were 25 million yuan first prize and 57 second prizes with a single prize of more than 180,000 yuan, of which 30 second prizes were won by a lottery player in Chengdu, with a total prize of more than 5.4 million yuan.


    The Chengdu lottery player played 10 times for each of the 2-note radio numbers at three lottery betting stations, and the 2-note numbers were cross-ticked. Select the blue number 06 (another note is 08), and the actual number of the blue ball is 15. Previously, the blue ball 13 was repeatedly opened (the stay in the large area). The total prize money in the current prize pool exceeds 133 million yuan. If he wins the blue ball, the prize pool will be completely emptied.


    Zhejiang wangsheng


    Number of notes for the second prize: 23 notes; Actual winning prize: 5.46 million yuan; Suppose the winning amount: 115 million yuan.


    On May 23, 2004, the 2004040th two-color ball lottery was held, and there were 1 first prize and 48 second prizes in the current national lottery. Among them, Mr. Wang, a lottery player from Quzhou, Zhejiang Province, made 23 times bets on the machine selection numbers 07, 17, 19, 20, 21 and 29+08, and actually won 11 blue balls, winning the second prize with a single bet of 237,397 yuan. If Mr. Wang chooses the blue number, he will get 23 5 million prizes, and the prize pool of 115 million yuan will be hollowed out.


    A lottery player in Shenzhen


    Number of notes for the second prize: 20 notes; Actual winning amount: more than 2.78 million yuan; Suppose the winning amount: 100 million yuan.


    On December 21, 2006, in the No.150 lottery of 2006, a lottery player in Shenzhen won the second prize of 20 bets with a single ticket with 20 times bet, and won a prize of 2.78 million yuan. "It’s a pity that I always have a bad feeling about basketball, otherwise I could get back 20 bets of 5 million yuan this time." The grand prize winner said with regret when redeeming the prize.


    Ms. Yang from Zhejiang


    Number of notes for the second prize: 19 notes; Actual winning prize: 2.45 million yuan; Suppose the winning amount: 95 million yuan.


    On December 18th, 2005, the lottery numbers of the 2005148th two-color ball were 03, 15, 17, 23, 24, 29+13, 16, and the national lottery won 3 notes of 5 million. Ms. Yang, a lottery player in Zhuji City, Zhejiang Province, estimated that the total prize money in the current prize pool was about 95 million yuan, which happened to be 19 5 million yuan, so she made a 19-fold bet and wanted to empty the prize pool of nearly 100 million yuan in one fell swoop. Ms. Yang chose the blue number 06, and the blue ball lottery number was 13, so she missed the grand prize of nearly 100 million yuan because of the difference of one blue. However, the 19-note single-note prize is the second prize of 128,900 yuan, and the total prize is also 2.45 million yuan.


    Guangdong Mr. Li


    Number of notes for the second prize: 17 notes; Actual winning amount: 5.69 million yuan; Suppose the winning amount: 85 million yuan.


    On July 9, 2006, in the 2006079th lottery, Mr. Li from Nanhai District, Foshan City, Guangdong Province won the second prize of 17 notes of two-color ball (including two 6 times single tickets and one 5 times single ticket), with a total prize of more than 5.69 million yuan. The current lottery numbers: 06, 11, 13, 17, 20 and 32+08. In order to avoid the overheated blue ball number 08, Mr. Li chose the blue ball number 03. Unexpectedly, the blue ball "08" was opened again.


    When Mr. Li won the prize, he gave a winning lottery ticket with 6 times bet to his friends who accompanied him to win the prize, and handed over more than 2 million yuan in prize money, which was generous! (This article Source: Public Welfare Times)

Editor: Zhao Deli

Long-awaited, three favorable policies for real estate are coming.

  Zhongfang. com (Yachen/Wen) has been calling for a long time, and the real estate has finally ushered in three favorable policies.

  According to the news of Xinhua News Agency on August 25th, the Ministry of Housing and Urban-Rural Development, the People’s Bank of China and the General Administration of Financial Supervision recently jointly issued the Notice on Optimizing the Criteria for Determining the Number of Housing Units in Personal Housing Loans (hereinafter referred to as the Notice) to promote the implementation of the policy and measures of "recognizing the house without recognizing the loan" when purchasing the first home loan.

  On the same day, the Ministry of Finance, the State Administration of Taxation and the Ministry of Housing and Urban-Rural Development also issued the "Announcement on Continuing to Implement Individual Income Tax Policies to Support Residents to Purchase Houses" to continue to support residents to improve their housing conditions and give preferential tax refund to the individual income tax paid for the sale of existing houses. In addition, the Ministry of Finance and the State Administration of Taxation also issued the Announcement on Continuing to Implement Tax Preferential Policies for Public Rental Housing, and decided to continue to implement tax preferential policies for public rental housing.

  Previously, the Ministry of Housing and Urban-Rural Development had put forward policies and measures such as tax reduction and exemption for improved housing redemption and "no need to recognize loans" for personal housing loans at the enterprise symposium held at the end of July.

  Nowadays, the introduction of the above-mentioned policies conforms to the spirit of the Politburo meeting and the optimization and adjustment of the real estate policy orientation mentioned by the National Standing Committee, which is of great guiding significance for the subsequent introduction of relevant policies in local areas.

  Promote the implementation of the first home loan "recognizing the house but not the loan"

  The Notice clarifies that when households (including borrowers, spouses and minor children) apply for loans to buy commercial housing, if family members do not have complete sets of housing in the local name, banking financial institutions will implement the housing credit policy according to the first set of housing, regardless of whether they have used loans to buy housing.

  The relevant person in charge of the Ministry of Housing and Urban-Rural Development said that this policy will enable more buyers to enjoy the down payment ratio and interest rate concessions for the first home loan, which will help reduce the cost of housing purchase for residents and better meet the demand for rigid and improved housing.

  Wang Xiaotong, chief analyst of Zhuge Data Research Center, pointed out that "recognizing the house without recognizing the loan" is conducive to the release of improved demand, and it is also in line with the policy of better meeting the demand for improved and reasonable housing, enhancing market activity and promoting the stable development of the real estate market.

  According to the statistics of Zhuge’s housing search, as of August 3, 18 key cities under its monitoring, including Beijing, Shanghai, Guangzhou, Shenzhen, Xi ‘an, Xiamen, Chengdu, Changsha, Hefei, Fuzhou, Wuhan, Qingdao, Ningbo, Chongqing, Shijiazhuang, Zhuhai, Dongguan and Haikou, are still implementing the policy of "recognizing housing and repaying loans". With the introduction of this policy, the above cities are expected to further open up the space for policy optimization.

  It is understood that the above-mentioned "Notice" also proposed that this policy, as a policy tool, be included in the "one city, one policy" toolbox for cities to choose independently.

  Wang Xiaoyu believes that this means that "recognizing housing and not lending" meets the policy implementation standards, but it is still necessary for local governments to decide whether to use it. It is expected that in the context of the current market downturn, the probability of first-tier cities following up is greater.

  According to Yan Yuejin, research director of Yiju Research Institute, this has two advantages. First of all, it is linked to the market situation, which helps the implementation of policies to better meet the needs of the market. Secondly, it is more flexible to implement such policies in big cities. In some big cities, the current market is cold and hot, so we can make a better policy of "recognizing the house but not the loan" according to the market research. Yan Yuejin said that in view of the current call for the implementation of housing recognition but not loan recognition, it is expected that first-tier cities will gradually introduce new mortgage policies from the end of August to the beginning of September.

  Continue to implement the personal income tax policy to support residents to buy houses.

  On the same day, the Ministry of Finance, the State Administration of Taxation and the Ministry of Housing and Urban-Rural Development also issued the Announcement on Continuing the Implementation of Individual Income Tax Policies to Support Residents to Purchase Houses (hereinafter referred to as Announcement No.28).

  According to Announcement No.28, from January 1, 2024 to December 31, 2025, taxpayers who sell their own houses and re-purchase houses in the market within one year after the sale of their existing houses will be given preferential tax refund for the personal income tax paid for the sale of their existing houses. Among them, if the newly purchased housing amount is greater than or equal to the current housing transfer amount, all the paid personal income tax will be refunded; If the amount of newly purchased housing is less than the transfer amount of existing housing, the personal income tax paid for the sale of existing housing will be refunded according to the proportion of newly purchased housing to the transfer amount of existing housing.

  Announcement No.28 clarifies that the current housing transfer amount is the market transaction price of the housing transfer. If the newly purchased house is a new house, the purchase amount is the transaction price indicated in the purchase contract signed by the taxpayer in the housing and urban-rural construction department; If the newly purchased house is a second-hand house, the purchase amount shall be the transaction price of the house.

  Announcement No.28 stipulates that taxpayers with preferential policies must meet two conditions at the same time: First, the houses sold and repurchased by taxpayers should be within the same city. The same city scope refers to the scope of all administrative divisions under the jurisdiction of the same municipality, sub-provincial cities and prefecture-level cities (regions, prefectures and leagues); Second, the taxpayer who sells his own house must be directly related to the newly purchased house and should be the owner or one of the owners of the newly purchased house.

  In fact, this policy was previously released in September 2022. This policy emphasizes the continuation of the tax rebate policy for repurchased houses, so that buyers can better enjoy the benefits of tax rebate.

  Yan Yuejin believes that the introduction of policies by the Ministry of Finance and other three departments has a positive orientation. It further shows that the fiscal and taxation policy is an important embodiment of supporting the housing market at present. It is necessary to further publicize such policies, especially to actively release the policy effects in the light of the favorable background of the recent market expectation adjustment.

  Continue to implement preferential tax policies for public rental housing.

  In addition, the Ministry of Finance and the State Administration of Taxation also issued the Announcement on Continuing to Implement Preferential Tax Policies for Public Rental Housing on the same day (hereinafter referred to as Announcement No.33). The land used during the construction of public rental housing and the land occupied after the completion of public rental housing are exempted from urban land use tax.

  It is reported that supporting the construction of public rental housing in other housing projects is exempt from urban land use tax involved in the construction and management of public rental housing according to the proportion of the construction area of public rental housing to the total construction area.

  Announcement No.33 proposes that the public rental housing management unit shall be exempted from the stamp duty involved in the construction and management of public rental housing. Supporting the construction of public rental housing in other housing projects, the stamp duty involved in the construction and management of public rental housing shall be exempted according to the proportion of the construction area of public rental housing to the total construction area.

  The purchase of housing by the public rental housing management unit as public rental housing is exempt from deed tax and stamp duty; Both parties to the public rental housing lease are exempt from stamp duty involved in signing the lease agreement. Enterprises, institutions, social organizations and other organizations transfer old houses as public rental housing, and the value-added amount does not exceed 20% of the deducted project amount, which is exempted from land value-added tax.

  Announcement No.33 also clarifies that public rental housing is exempt from property tax. The rental income obtained from operating public rental housing shall be exempted from value-added tax. The management unit of public rental housing should separately calculate the rental income of public rental housing. If it is not separately calculated, it shall not enjoy the preferential policies of exemption from value-added tax and property tax.

81 acres of arable land turned into a golf course! The Ministry of Natural Resources notified the investigation and handling results of four listed supervision cases.

In September and November 2022, the Ministry of Natural Resources publicly listed and supervised four cases of illegal land use. On August 29, 2023, according to the Measures of the Ministry of Natural Resources for Supervising and Publicly Reporting Cases of Violation of Laws and Regulations, the Ministry of Natural Resources reported the investigation and handling results of four cases.

Source: website of the Ministry of Natural Resources

1. The problem of illegal occupation of land by Longde Real Estate Development Co., Ltd. in Datong City, Shanxi Province to build a golf course

The golf course project of Datong Longde Real Estate Development Co., Ltd., namely the golf course of Shanxi Datong Tulin Eco-tourism and Sightseeing Park, is located in Xingsheng Village and Jianpu Village, Dangliuzhuang Township, Yunzhou District, Datong City (formerly datong county, county reform area in 2018). Construction started in August 2012, and by November 2014, the underground facilities of the West Stadium (9 holes) and the East Stadium were completed, covering a total area of 954.51 mu (451.77 mu in the West Stadium and 502.74 mu in the East Stadium), including 81 mu of cultivated land, 1.85 mu of rural roads and 871.66 mu of unused land, and the stadium was not put into operation. After the merger of Datong Longde Real Estate Development Co., Ltd. in January 2017, the construction of Yun Qi Nongkanglv Ecological Leisure Sports Project was implemented on the original stadium. The golf course has not been investigated and rectified according to the relevant requirements, and the characteristics of the golf course have not been completely eliminated until July 2022. At present, the stadium involved has been banned.

Datong municipal government and enterprises initialled the cooperation framework agreement and inspected the imported projects. The executive meeting of the municipal government, the special meeting of the municipal government and other decisions were implemented by the former datong county municipal government and the pre-project construction was promoted. There were some problems such as lax control and inadequate supervision. From August, 2010 to November, 2014, the former Datong County Party Committee and the county government included the golf course project into the construction of the eco-sports park in the supplementary agreement through the special meeting of the party and government of the county party Committee, the standing meeting of the county government, the office meeting of the county magistrate, and the special meeting, etc. Later, although the clauses related to the golf course were abolished and the supplementary agreement was re-signed, the relevant construction was not stopped in time, which resulted in the fact that the golf course illegally occupied land, which constituted the illegal approval of land use. In addition, there are problems such as ineffective cleaning and rectification of golf courses in Yunzhou District and illegal occupation of land by Datong Longde Real Estate Development Co., Ltd.

Shanxi Provincial Department of Natural Resources made clear the handling opinions after organizing the investigation:Confirm that the contents related to golf courses in the minutes and documents of relevant meetings of Datong Municipal Government and the former Datong County Party Committee and County Government are invalid, and confirm that the contents related to the transfer of land for non-agricultural construction in the agreement and supplementary agreement signed between the former datong county Municipal Government and enterprises are invalid, and Datong Longde Real Estate Development Co., Ltd. should use the transferred land according to laws and regulations. The Yunzhou district government was ordered to control the farmland illegally occupied by the golf course project and restore the farming conditions, and return it to the collective economic organization to ensure the agricultural use of farmland. Dispose of illegal buildings (demolished) according to the law and regulations. In accordance with the cadre management authority, the problem clues will be transferred to the discipline inspection and supervision organs for accountability according to the law.

Two, Haikou City, Hainan Province Landscape and Environmental Sanitation Administration illegal land construction ecological restoration project.

The first-phase water system ecological restoration project in the south area of the West Coast New District of Haikou City is located in Changliu Town and Xixiu Town, xiuying district City, Haikou City. The construction unit is Haikou City Garden and Environmental Sanitation Administration. The construction contents include connecting and expanding rivers, topographic arrangement and cross-strait greening according to the flood control and drainage planning. Construction started in July 2019 and stopped in October 2021, covering a total area of 1,099.34 mu, including 291.23 mu of cultivated land, 417.24 mu of forest land, 25.23 mu of other agricultural land, 315.88 mu of construction land and 49.76 mu of unused land, which were used to excavate rivers (67.04 mu of cultivated land) and plant trees and grass on both sides of the river. At present, 857.50 mu has gone through the formalities of agricultural land conversion and land expropriation (46.93 mu has not gone through the formalities of land supply), 200.92 mu of land (35.54 mu of cultivated land) has not yet completed the formalities of agricultural land conversion and land expropriation, and 40.92 mu of state-owned construction land has not gone through the formalities of land supply.

From December, 2010 to July, 2019, without going through the land use formalities according to law, the Haikou Municipal Government decided that the xiuying district Municipal Government would carry out land acquisition by holding a special meeting, determining the starting time and urging the construction to start, and the Haikou Municipal Bureau of Landscape Architecture and Environmental Sanitation organized the construction, which constituted an illegal act of approving land acquisition and use. In the process of project construction, the relevant departments and units failed to perform their supervisory duties.

Hainan Provincial Department of Natural Resources and Planning made clear the handling opinions after organizing the investigation:It is confirmed that the relevant contents in the relevant special meetings and documents of Haikou Municipal Government involving illegal approval of land acquisition and use are invalid, and the land use shall be handled in accordance with laws and regulations. For the land that has not yet obtained the land use procedures, the land use procedures shall be improved according to the national land spatial planning after the illegal problems are disposed in place. In accordance with the cadre management authority, the problem clues will be transferred to the discipline inspection and supervision organs for accountability according to the law.

Third, the problem of illegal land use by Global Century Exhibition Tourism Group Co., Ltd. in Renshou County, Meishan City, Sichuan Province to build a global Sunac future city project

Universal Sunac Future City Project, namely legoland Project, is located in Shigao Street, Renshou County, and is invested and constructed by Zhongjun Tianxin (Beijing) Culture Co., Ltd. and Global Century Exhibition and Tourism Group Co., Ltd. The project started from June 2020 to October 2021, covering a total area of 5,067 mu. Among them, 3,660 mu of agricultural land conversion, land acquisition and land supply procedures were handled before the start of construction; 550 mu of agricultural land conversion and land expropriation have been handled, but the land has not been provided for the construction of sales department and parking lot; Construction started on 857 mu without going through the formalities of agricultural land conversion and land expropriation. At present, 646 mu has gone through the formalities, and there are still 211 mu without going through the formalities of land use for building green landscapes, amusement facilities and roads.

From June 2018 to April 2021, Renshou County Party Committee and county government organized and promoted the implementation of land acquisition, compensation and project construction by setting up a leading group for promoting work, a project promotion headquarters, and convening the standing committee of the county party Committee and the county government and other relevant meetings without going through the land use procedures according to the law, which constituted an illegal act of approving land acquisition and use. Relevant units and departments have problems such as illegal land acquisition compensation, promoting the construction of projects and some supporting facilities, and inadequate supervision and inspection.

Sichuan Provincial Department of Natural Resources made clear the handling opinions after organizing the investigation:Confirm that the contents of the relevant meetings of Renshou County Party Committee, county government and project promotion headquarters involving illegal approval of land acquisition and use are invalid. Recover the land illegally approved for expropriation and use according to law; For the land that has not yet gone through the formalities for land use, it shall be ordered to restore the original state of the land and return it to the original collective economic organization. Built buildings (structures) on the ground, after the disposal of illegal problems is in place, improve the land use and construction procedures according to the law. In accordance with the cadre management authority, the problem clues will be transferred to the discipline inspection and supervision organs for accountability according to the law. The Renshou County Party Committee and the county government were instructed to make an in-depth inspection to the Meishan Municipal Party Committee and the Municipal Government.

Four, Sichuan Dazhou Dachuan District "Tianyingzhai" Ginkgo Landscape Forest Demonstration Park illegal land use.

Tianyingzhai Ginkgo Landscape Forest Demonstration Park Project is located in Wanjia Town, Dachuan District, Dazhou City, including Ginkgo Planting Park, Ginkgo Avenue, Baidao Flower Lake, Commercial Street, Reception Center, Tianyingzhai B&B and so on. The construction unit of Yinxing Avenue is Dazhou Daoda Transportation Development Co., Ltd., and others are mainly invested and constructed by Sichuan Youteng Agricultural Technology Co., Ltd. The project was constructed from February 2017 to December 2021, covering a total area of 16,700 mu (75.53.36 mu of cultivated land, including 18.96.62 mu of permanent basic farmland), including: 14,800 mu of ginkgo forest (5,822.52 mu of cultivated land, including 1,044.41 mu of permanent basic farmland); 574.28 mu of non-agricultural construction (415.33 mu of cultivated land, including 3.62 mu of permanent basic farmland), of which 557.21 mu of land has not gone through land use procedures; The original purpose of 1347.62 mu (1298.44 mu of cultivated land, including 848.59 mu of permanent basic farmland) has not been changed.

Dachuan District Party Committee and District Government arranged relevant units and departments and development enterprises to implement land acquisition compensation and promote project construction in the name of land transfer by signing investment agreements and convening the Standing Committee of the District Party Committee and the Standing Committee of the District Government, which constituted illegal approval of land acquisition and use. In addition, there are problems such as illegal preparation and approval of urban and rural planning, illegal return of land transfer fees, and failure of relevant units and departments to perform supervision and inspection duties according to laws and regulations.

Sichuan Provincial Department of Natural Resources made clear the handling opinions after organizing the investigation:It is confirmed that the contents of relevant meetings of Dachuan District Party Committee and District Government involving illegal approval of expropriation, land use and illegal return of land transfer fees are invalid, and the land is recovered according to law and returned to the original collective economic organization, and the Dachuan District Government will correct the problem of illegal return of land transfer fees. After the illegal problems are disposed of in accordance with the law, corrective measures such as improving relevant procedures, restoring cultivated land planting or forestry planting will be taken respectively; For planting ginkgo trees on cultivated land, we should handle them safely and prudently, and withdraw or rectify them in an orderly manner. The Dazhou municipal government shall order it to correct the problem of illegal and illegal preparation and approval of urban and rural planning. In accordance with the cadre management authority, the problem clues will be transferred to the discipline inspection and supervision organs for accountability according to the law. Instruct Dachuan District Party Committee and District Government to make an in-depth inspection to Dazhou Municipal Party Committee and Municipal Government.

Editor-in-Chief: Zhang Wu

Text Editor: Yang Rong

Author: People’s Network

Title map source: map worm

Photo editor: Su Wei

"Old House" Becomes "New House" More than 600 households in Chongqing have a group dinner together.

The picture shows the community residents getting together to pack jiaozi. Photo by zhōng·yǐ
(Going to the Grassroots in the Spring Festival) "Old Houses" Become "New Houses" More than 600 households in Chongqing have a reunion dinner together.
Zhongxin. com, Chongqing, January 16 th Title: "Old House" has changed into "New House". More than 600 households in Chongqing have a group dinner together.
Zhongxin. com reporter zhōng·yǐ
Bao jiaozi, writing Spring Festival couplets, painting sugar people … On the 16th, in Xingjiaqiao Community, Renhe Street, Liangjiang New District, Chongqing, there was a surge of "flavor of the year" everywhere. More than 600 households in the community gathered together to share the reunion dinner, raise a glass to celebrate the change of hundreds of households’ "old houses" into "new houses", and "happily move to new homes and celebrate the New Year" to wish a better life in the future.
The picture shows the activities of writing Spring Festival couplets in the community. Photo by zhōng·yǐ
The resettlement houses in Xingjiaqiao community have just undergone a comprehensive renovation project that lasted for nearly a year, which has improved the problems of old houses, old hospitals, old houses, old facilities and poor living environment in this area. At the beginning of 2020, the comprehensive renovation of 488 residential houses in the community was gradually completed, and residents moved back to their new homes one after another.
The picture shows more than 600 households in the community gathered together to share the reunion dinner. Photo by Zhong Xin
Through the photo exhibition, video materials and lively reunion dinner set up on the spot, the reporter felt the great changes in the lives of the residents in the area and their joy on their faces.
Xingjiaqiao Community is one of the earliest development and construction areas in the whole Liangjiang New Area. The community resettlement house was built in 1992, and it is a multi-storey brick-concrete structure commercial and residential building. Due to the early development and construction, it is obviously difficult to compare the planning layout, housing standards and materials used in the resettlement housing area with those in the modern community. In addition, after more than 20 years of baptism, the area has changed from a "new village" that everyone yearns for to an old old street.
The picture shows more than 600 households in the community gathered together to share the reunion dinner. Photo by Zhong Xin
"There are poor supporting facilities, poor security, poor municipal foundation, poor sanitary environment and poor living conditions. The poor living environment makes residents strongly hope to change the status quo." Xie Lan, secretary of the Party Committee of Xingjiaqiao Community, who has been rooted in the community for 17 years, said that 465 of the 488 houses leaked to varying degrees, and the walls and roofs of the living room and bedroom fell off; Cover the bed with film to keep out dust during the day, and lift it at night to sleep. From time to time, large pieces of dust and sand fall off the roof, which makes you sleepy. Cooking and cooking in the kitchen often leaves dust, adding some "seasoning" to the dishes; Don’t even dare to go to the toilet for a while, or you’ll have to take an umbrella and wear a straw hat. These are the true portrayal of residents’ life before the renovation of old houses.
All this is due to a policy that ushered in a "turning point"-in 2017, the Chongqing Municipal Party Committee and the Municipal Government included the renovation and upgrading of old residential areas in the urban upgrading action plan, and Xingjiaqiao community was included in the comprehensive renovation scope, involving 488 sets of resettlement houses, 91 facades and 1,422 people. The Management Committee of the Party Working Committee of Liangjiang New Area decided to renovate the area with the concept of urban repair and ecological restoration and the principles of safety, functionality, practicality, appreciation and economy.
At the end of 2018, the pilot building of Xingjiaqiao Community Comprehensive Improvement Project started. In March 2019, the comprehensive improvement project was officially launched.
It is worth mentioning that in the process of promoting the renovation of Xingjiaqiao’s old house, Xie Lan and his team worked with the spirit of "5+2" and "white+black", and reversed the residents’ attitude by organizing residents’ meetings, visiting door to door, customizing the plan for one household and decorating the model room. After being diagnosed with lung cancer, Xie Lan insisted on working despite illness, and won with tenacity, ingenuity, strength and enthusiasm.
On January 13th, 2020, Ms. Luo, the last resident who signed the resettlement house renovation project in Xingjiaqiao Community, Renhe Street, Liangjiang New District, came to the community office to sign the consent form for the renovation. It marks that the consent rate of Xingjiaqiao community home improvement project has reached 100%.
According to reports, the renovated Xingjiaqiao community will enjoy a five-story community service center, add about 800 parking spaces and build a new community park of 4,000 square meters to provide residents with a safe, convenient, comfortable and livable living environment.
Braised pork with plum vegetables, round brown sugar dumplings symbolizing family reunion, and roast duck with special characteristics indicating the future prosperity … At the scene, residents of Xingjiaqiao community sat together, sipping delicious dishes and toasting each other, and the laughter and blessings merged together, and the delicious dishes conveyed friendship and were filled with happiness and warmth.
"The renovation has not been completed yet, and we can’t relax. We will start a new task tomorrow. I want to thank the residents for their trust and support. In the future, I will, as always, stick to my original heart and always stand with the residents to contribute my modest strength to the bright future of Xingjiaqiao. " Xie Lan said.
Reporting/feedback

Liu Shishi, Angelababy and Tang Yan: Three female stars focus on revealing the inside story!

The opening of Liu Shishi’s new drama "One Mind Close the Mountain" rekindled the popularity of "85 Flowers", but it also caused a lot of controversy. Whether it’s the interpretation in the play or the scriptwriting and publicity outside the play, it’s embarrassing for this play. Controversy was inevitable from the beginning, from the arrangement of the position to the plot and drama, and then to other aspects, which led to the drama being disturbed after its launch. Although it should have been an opportunity for Liu Shishi to get rid of the downturn of "85 Flowers", it failed in the end.

Although Liu Shishi’s popularity and influence still exist, so that her light in the entertainment circle is still dazzling, but the lack of an outstanding masterpiece, so that her future road is still full of bumps. The most painful thing at the moment is Angelababy, the representative of 85 flowers. A "crazy horse show" incident completely changed her life track, so far her account has been banned, and all activities have come to a standstill, becoming the first one among the 85 flowers to fall. In the past two years, Angelababy has mainly relied on variety shows to maintain its popularity. Although it has continuously introduced new works and actively tried to transform itself, it has made some achievements, but it has not yet stabilized.

Whether it’s Skyscraper or Wind Rises in Longxi, Angelababy’s progress is obvious. She is no longer a simple vase, but an actress with shaping and expressive force. However, she still failed to persist, and in a flash she returned to the old road, and filmed such heartbreaking works as What Love Should Be, Twilight Heart Agreement, and Dust Margin. What is even more surprising is that she was involved in the "Crazy Horse Show Storm" and finally paid a huge price and withdrew from the competition ahead of schedule. She was not good at performing in 85 flowers, but later relied on the "Run" program to maintain her popularity, and at the same time showed her determination to transform, but it was disappointing in the end.

Her change is not thorough and decisive enough, and she always swings from side to side, which leads to frustration in her career and is difficult to recover in a short time. Similar to Angelababy, there is Yang Mi, who has also returned to the old road while undergoing transformation, while relying on variety shows to maintain her popularity. However, it was obvious that she was not reconciled, so when the announcement of the new drama Harbin 1944 caused controversy, she published a determined blog post. She said that as an actor, shaping the role is the primary task. In this era, real talent will never be concealed, and the order of names should also give way to the role. It can be seen that she is eager to prove her strength.

Tang Yan: The revival of performing arts In the new year, entertainment works emerge in an endless stream, and both movies and TV plays show different styles. "There is nothing that can’t be solved by a hot pot" was originally scheduled, but it was suddenly changed to May Day, which made people full of expectations and variables. However, this year, she has a new book, which is just the right time to show her strength. However, before that, Tang Yan had already taken the lead in making her mark, and stood out ahead of time, becoming the outstanding actor of her generation.

Tang Yan has been appearing in variety shows like a tool man in the past year, bring disgrace to oneself, but at the end of the year and the beginning of the year, he successfully turned over and took the lead in breaking through! For this play, Tang Yan didn’t take another play for three years. She worked hard and polished hard, and was carefully guided by director Wong Kar-wai, and finally proved herself by virtue of her strength. After eight years, Tang Yan finally has a highly acclaimed work again. "Flowers" scored a high score of 8.1 on Douban. For Tang Yan, this drama is the best in her acting career for more than ten years.

In Flowers, Tang Yan and the role Miss Wang are perfectly integrated, showing a graceful and lifelike image. Although playing the role of a migrant worker in the workplace, it has given her more tenacious vitality. Tang Yan showed the external and internal charm of the role through her free performance, which made the audience crazy, distressed by her experience, sighed for her pain, cheered for her cry and cheered for her struggle. She finally chose to start her own business independently, proved herself and became her own support. After going through the stage of getting married and having children, Tang Yan once fell into silence, but obviously she was not content with it.

It took her three years to shoot a work. She just wanted to prove that she is still an excellent actress. Although she is over sixty years old, she has not lost her acting skills. Although she almost destroyed her image through variety shows in 2023, at the end of the year, she finally turned over successfully with Flowers, which proved herself and gave a blow to those who ignored her. Born in 1985, she once again glowed with new brilliance. After 90 s and 95 s, they have become the backbone of the entertainment industry, and they are also emerging after 00, and the golden age of actors born in 1985 has long passed.

After experiencing various events such as marriage, having children and divorce, they have quietly fallen behind. Obviously, however, they are not willing to be silent. Although they have entered middle age, their ambitions are still there, and they are all eager to win a place for themselves in the new stage. However, the reality is cruel, and a little carelessness may lead to failure. In today’s era, to achieve lasting success, the key still lies in personal strength and works created.

Breaking news! WANDA CINEMAS changed hands: The new boss will be the post-80s generation!

On the evening of December 12th, WANDA CINEMAS officially announced that it was no longer Wang Jianlin’s company.

WANDA CINEMAS Co., Ltd. (hereinafter referred to as "the company" and "WANDA CINEMAS", 002739) announced that Beijing Wanda Cultural Industry Group Co., Ltd. (hereinafter referred to as "Wanda Cultural Group"), its wholly-owned subsidiary Beijing Hengrun Enterprise Management Development Co., Ltd. (hereinafter referred to as "Beijing Hengrun"), the actual controllers of the company Wang Jianlin and Shanghai Ruyi Investment Management Co., Ltd. (hereinafter referred to as "Ruyi Investment").Signed the Equity Transfer Agreement,It is planned to transfer 51% equity of Wanda Investment, the controlling shareholder of the company, to Ruyi Investment, with a total transfer price of 2.155 billion yuan.If the above matters are finally implemented,The actual controller of the company was changed to Ke Liming. The company’s shares have resumed trading since the market opened on December 13th, 2023.

According to public information, China Ruyi (HK0136) controls its subsidiaries by agreement, and the latter holds 100% of the actual rights and interests of Shanghai Ruyi, and Ke Liming, Chairman of the Board of Directors of China Ruyi, holds 99% of the shares of Shanghai Ruyi.

China Confucianism was originally named "Hengteng Network", which was composed ofEvergrandeJointly funded with Tencent, afterEvergrandeIn November 2021, Tencent withdrew its capital, and then became the major shareholder of China Confucianism and Italy through three rounds of additional issuance. At present, Tencent Holdings (0700.HK) holds 19.12% shares of China Ruyi through its wholly-owned subsidiary Water Lily.

The withdrawal of real estate leaders from film and television investment and the takeover of Internet giants are also regarded by the industry as a landmark acquisition event in China cinema industry. In the film and television drama industry, China Confucianism and Italian film industry as the main body, to carry out related business development. Although it is not well-known outside the film and television industry, Confucianism and Italian Film also participated in the production of popular films such as "To the Youth We Will Die", A Little Red Flower and Moon Man.

WANDA CINEMAS: Actual controller.

Will be changed to keliming, and the stock will resume trading.

On the evening of December 12, WANDA CINEMAS announced that the company had recently received a notice that Wanda Culture Group, Beijing Hengrun and Mr. Wang Jianlin signed the Equity Transfer Agreement with Ruyi Investment, which they intend to hold respectively.Wanda Investment holds 20%, 29.8% and 1.2% equity (holding 51% equity of Wanda Investment in total).Transferred to Confucianism and Italy, the total transfer price is 2.155 billion yuan.

After this transaction, the controlling shareholder of the company is still Wanda Investment, and Ruyi Investment holds 51% equity of Wanda Investment. Ruyi Investment is a wholly-owned company of Keliming.Ke Liming indirectly controls 20% of WANDA CINEMAS’s equity through Confucianism and Italian investment, and the actual controller of the company will be changed to Ke Liming.The company’s shares will resume trading on Wednesday, December 13, 2023.

Before this transaction,Wanda Investment, the controlling shareholder of the company, holds 20% of the company’s shares, Wanda Culture Group, Beijing Hengrun,Wang Jianlin holds a total of 51% of Wanda Investment.Wang Jianlin indirectly controls 30.9% equity of WANDA CINEMAS through Wanda Investment and its concerted actors Wanda Culture Group, Shenxian Rongzhi Xingye Management Consulting Center (Limited Partnership) and Lin Ning.The actual controller of the company is Wang Jianlin.

Mr. Ke Liming holds 16.34% of the total share capital of China Ruyi Holdings Co., Ltd. (hereinafter referred to as "China Ruyi"), and China Ruyi controls Shanghai Ruyi Film and Television through an agreement.Production Co., Ltd. (hereinafter referred to as "Ruyi Film and Television") holds 49% equity of Wanda Investment.

After this transaction, the controlling shareholder of the company is still Wanda Investment, and Ruyi Investment holds 51% equity of Wanda Investment. Ruyi Investment is a wholly-owned company of Keliming, who indirectly controls 20% equity of WANDA CINEMAS through Ruyi Investment.The actual controller of the company will be changed to Ke Liming.

In addition, China Ruyi Film and Television, which is controlled by Ruyi through an agreement, holds 49% of Wanda Investment, and Ke Liming also holds 16.34% of the total share capital of China Ruyi. After this transaction, Wang Jianlin indirectly controls 10.9% equity of WANDA CINEMAS through Wanda Culture Group, Shenxian Rongzhi Xingye Management Consulting Center (Limited Partnership) and Lin Ning.

After the completion of the 51% equity transfer, it can be said that Wang Jianlin cleared all the equity of Wanda Investment he held. This is undoubtedly a major turning point for WANDA CINEMAS.

An internal employee of WANDA CINEMAS told the reporter of national business daily on the phone earlier that in October this year, the administrative director and financial director sent by China’s Confucianism and Italy took the lead to settle in WANDA CINEMAS, but other businesses have not changed significantly at present. "As a terminal, even if there is a change, there will be a lag, or the impact is not so great."

Wang Jianlin once made no secret of his ambition for the cultural industry. Many years ago, when faced with the news that Disneyland had settled in Shanghai, he boldly declared that it would be difficult for Disney to make a profit in the next 20 years. He clearly realized that China’s real estate industry has developed for more than 20 years, and in another 15-20 years, this industry may gradually shrink. In order to ensure the sustainable development of Wanda, he understands that the company must turn to diversified fields such as culture and tourism.

In order to realize this transformation, Wanda carried out a major overseas merger and acquisition as early as 2012, and acquired AMC Entertainment Holding Company, the second largest cinema in the United States, which was the first overseas merger and acquisition in China film history. Since then, Wanda Cinema has successively launched a fixed-income plan since July 2015, and plans to acquire 100% equity of Hoyts, the second largest cinema in Australia, and 100% equity of Muwei Fashion and Chongqing Shimao Cinema Management Company, a domestic film data company.

Wanda also owns its own listed company, wanda cinema line, which is in the leading position in the domestic industry and is regarded as an important quality asset of Wanda Culture Group by the outside world. However, affected by the epidemic situation in recent years and other factors, WANDA CINEMAS has also experienced some difficulties. According to the financial report data, in 2019 and 2020, the company lost 4.729 billion yuan and 6.669 billion yuan respectively. Although it achieved a slight profit in 2021, it fell into a loss again in 2022, with a net profit loss of 1.923 billion yuan.

The above-mentioned employees in WANDA CINEMAS told reporters that in recent years, the benefits of Wanda Real Estate have been sluggish, and they often need the support of business management and cultural groups.

Today, Wang Jianlin bid farewell to the original film and television dream.

"Before the epidemic, Wang Jianlin expressed his dissatisfaction with WANDA CINEMAS at the year-end summary meeting for two consecutive years. After the annual party, he will come to our floor, which impressed me deeply. He said in a bad tone that the cinema earned less and the company didn’t keep idle people. The film industry as a whole is only tens of billions a year, which can’t help the big group. " The employee recalled Wang Jianlin’s deep impression on the film and television business.

CFF20LXzkOwNfsay86cib4p0S2T0NfBIZicSMl7tYnKBaibmLibs8uIQI1mZYasibU5KFf6wlMM5EENdMic3ibFTHCmUw.pngWho’s Cleming?

Born in April 1983, Ke Liming is a layman in the film industry. After graduating from abroad, he entered the investment bank. However, after the financial crisis, Ke Liming decided to start a business and began to invest in film and television.

The magical divine comedy "Little Apple" was once a smash hit, and the trader behind it was Ke Liming, and "Little Apple" was also the propaganda song of the film "The Old Boy Raptors Crossing the River" that he was the owner of the real controller.

As an investor and producer, Mr. Ke Liming once led and invested in films such as Keep You Safe, Exchange Life, Moon Man, Hello Li Huanying, A Little Red Flower, Animal World, Sewing Machine Band, never gone, To Our Dying Youth and so on, as well as Love at Nine Bends, Old Chinese Medicine Doctor, Old Tavern, Frontier of Love, No War in Beiping and Langbang.Among them,Guaranteed issueHi, Mom,Won 5.414 billion domestic box office, ranking third in the film history.

This year’s summer file exploded the movie "She Disappeared", and Confucianism and Italian film and television also participated in the investment. The box office of the film has reached 3.467 billion yuan. In addition, this year’s main films of the company include "Warmth" and "Keep You Safe".

At present,ColiminHe is the executive director and chairman of China Ruyi and the executive president of Pumpkin Films Limited.What he is in charge ofmiddlecountryConfucianism(Formerly known as "Hengteng. com"Complex "),frontAs a Masge setGroup, mainly engaged in investment and trading of securities, providing financing, property investment and manufacturing and selling photographic products and accessories business.

In 2015,EvergrandeAfter the acquisition of the group, the Group and Tencent Holdings changed its name to Hengteng Network Group. At that time, the company was mainly engaged in Internet business.

On October 26, 2020, Hengteng Network announced that it had wholly acquired the entire equity of Ruyi Film and Pumpkin Film through allotment and issuance of shares and subscription of equity, and made a comprehensive transformation to an Internet technology enterprise, focusing on creating streaming video services; In January 2021, Hengteng Network announced that it had officially completed the acquisition of all the shares of Confucianism, Italian Film and Pumpkin Film. In the second half of 2021, Evergrande Group experienced a liquidity crisis. By November 2021, Evergrande cleared its equity in Hengteng Network and left, and Ke Liming, the real controller of Ruyi Film, became the largest shareholder of Hengteng Network. Tencent Holdings became the second largest shareholder. After Evergrande left, Hengteng Network was officially renamed as "China Confucianism" in February 2022.

On July 4th, 2023, China Confucianism announced that the company had entered into a share subscription agreement with the subscribers, and issued a total of 2.5 billion subscription shares at a price of HK$ 1.6 per share, raising a net fund of HK$ 4 billion. The institutions or individuals participating in this subscription include Tencent, Liu Xueheng, Cubract Ventures, Yushan and Chengwan Development.

Among them, Tencent will take out 800 million Hong Kong dollars to participate in the subscription through its subsidiary Water Lily, and after the transaction is completed,Ke Liming, chairman of China Ruyi, will reduce his shareholding in China Ruyi to 15.14%.Tencent’s shareholding ratio through Water Lily increased to 20.36%, further consolidating its position as a major shareholder.In addition, Liu Xueheng holds 4.29%, Cubract Ventures holds 4.36%, and Yushan and Chengwan Development hold 4% respectively. According to China Confucianism, the HK$ 4 billion fund obtained this time, of which HK$ 3.6 billion is intended to be used for the development and expansion of the group’s film and game business, and HK$ 400 million is used for the general working capital of the group.

Shanghai ConfucianismA controlled structural entity holding 100% actual rights and interests for China Confucianism and Italy, whichFounded in 2013, it is mainly engaged in the production and operation of radio and television programs and film distribution business.

CFF20LXzkOwNfsay86cib4p0S2T0NfBIZicSMl7tYnKBaibmLibs8uIQI1mZYasibU5KFf6wlMM5EENdMic3ibFTHCmUw.pngWanda’s 38 billion yuan gambling crisis was lifted

According to Dalian Wanda official website, on December 12, 2023, PAG and Dalian Wanda Commercial Management Group jointly announced the signing of a new investment agreement. Taimeng will cooperate with other investors to reinvest in Zhuhai Wanda Commercial Management after its investment redemption expires in 2021 and is redeemed by Dalian Wanda Commercial Management Group. In August 2021, the existing investors invested about 38 billion RMB in Zhuhai Wanda Commercial Management, of which the investment of Taimeng was about 2.8 billion US dollars (about 18 billion RMB), and the existing investors enjoyed the right of redemption at maturity in the original investment arrangement.

This means that before the deadline for Zhuhai Wanda Commercial Management to go public in Hong Kong comes, the gambling pressure on Wanda’s listing has been eliminated.

According to the information disclosed in the previous prospectus, there are 22 institutional investors of Zhuhai Wanda Commercial Management, including Zheng Yutong Family, Country Garden, CITIC Capital, Ant, Tencent and Taimeng Investment Group. In August 2021, these investors invested about 38 billion RMB, of which Taimeng invested about 2.8 billion US dollars (about 18 billion RMB). According to the contents of the previous gambling agreement, if Zhuhai Wanda Commercial Management fails to complete the listing before the end of 2023, Wanda Commercial Management is obliged to repurchase shares from the above investors. If Zhuhai Wanda Commercial Management cannot be listed at the end of this year, it will trigger a repurchase agreement, and Wanda’s cash flow may also be under pressure.

According to the new agreement, Dalian Wanda Commercial Management Co., Ltd. holds 40% of the shares, which is the single largest shareholder, and several existing and new investors such as Taimeng participate in the investment, holding a total of 60%. Previously, Dalian Wanda Commercial Management directly owned about 69.99% of the total issued shares of Zhuhai Wanda, and indirectly owned about 8.84% of the total issued shares through Zhuhai Wanxin, Zhuhai Wanying and Yinchuan Wanda; Twenty-two companies and six senior executives hold shares, holding 21.15% of the shares.

In other words, after the signing of the new agreement, the shareholding ratio of Dalian Wanda Commercial Management Group in Zhuhai Wanda Commercial Management Group decreased by at least 29.99%, while the shareholding ratio of the aforementioned investors increased by 38.85%.

According to Blue Whale Finance, Zhuhai Wanda Commercial Management Co., Ltd. will mainly introduce foreign investors, and some of the original domestic investors will withdraw. Another investor of Zhuhai Wanda Commercial Management Co., Ltd. also said that at present, the investors of Zhuhai Wanda Commercial Management Co., Ltd. are indeed overseas investors, but the list of new investors has not been completely determined. Regarding whether Zhuhai Wanda Commercial Management Association will redeem the investment on schedule when it expires, the above investors said, "After Zhuhai Wanda Commercial Management has talked with the new investors, it is expected that there will be a transitional stage for the withdrawal of the original war investment, and the process is more complicated. At present, all parties are discussing."

According to china securities journal, people close to Wanda responded by signing a new agreement. Some existing investors chose to withdraw from the investment, but the vast majority of investors kept their investment in Wanda. More importantly, new investors entered, including some overseas investors, which showed that investors highly affirmed the growth potential of Zhuhai Wanda Commercial Management and its operating ability.

Zhuhai Wanda Commercial Management signed a gambling agreement with investors. First, the actual net profit from 2021 to 2023 should not be less than 5.19 billion yuan, 7.43 billion yuan and 9.46 billion yuan, otherwise Wanda Commercial Management will transfer the relevant number of shares at zero consideration or pay cash compensation; Second, it will be listed in 2023 at the latest, otherwise Wanda Commercial Management will buy back shares from investors and pay extra compensation.

According to the performance data disclosed by Wanda, Zhuhai Wanda Commercial Management has exceeded its performance target for three consecutive years, with after-tax income of 23.5 billion yuan in 2021, 27.1 billion yuan in 2022 and 29.3 billion yuan in 2023 (estimated), with an average annual growth of about 12%; After-tax profit is 5.3 billion yuan in 2021, 7.5 billion yuan in 2022 and 9.5 billion yuan in 2023 (estimated), with an annual growth rate of 34%.

According to the interim report of Wanda Commercial Bond (2023), the company’s interest-bearing debts within six months totaled 15.84 billion yuan. In other words, Wanda Commercial Management still has 15.84 billion yuan of interest-bearing debt due during the year. The above report also shows that Wanda Commercial Management’s interest-bearing debt due in the first half of 2024 is 13.417 billion yuan.

According to the 2023 Hurun Rich List released by Hurun Research Institute on October 24th, the Wang Jianlin family of Wanda was among the richest people with the largest decline in wealth this year, and its wealth dropped by about 53 billion yuan.

edit|Du Hengfeng Du Bo, Cheng Peng

Proofread |Duan Lian

Cover Image Source: vision chinaCFF20LXzkOyYmal29zn37N5Bg2NQ4tyN4ylvMFyM3VmF4x90Uj4cDmoEphibia4RN55ibIXmqU1Od9w2Q5nhA08lA.png

National business daily is integrated from company announcements, Blue Whale Finance, china securities journal, Wanda official website and public information.

national business daily

Reporting/feedback