AutoBeta(AutoBeta.net)08/07 Report--

On August 1, the Supervisory Commission of the Shanghai Municipal Commission for discipline Inspection informed that Chen Demei, former vice president of Shanghai Automobile Group Co., Ltd., was expelled from the party and cancelled his retirement treatment for serious violations of discipline and law.

According to the report, after investigation, Chen Demei, as a leading cadre of party members in state-owned enterprises, lost her ideals and beliefs, abandoned her original mission, ignored the spirit of the eight regulations of the central government, illegally accepted gifts and money, and illegally went in and out of places with the nature of a private clubhouse; violated organizational principles, concealed not reporting her son's business and business and his actual stock holdings, and sought benefits for others in the employment of staff and workers. There is no distinction between "pro" and "clear" political and business relations, accept banquets for a long time, engage in profit-making activities in violation of regulations, make use of their powers and powers to carry out business activities for their sons and help their wives to absorb deposits, interfere with and interfere in the business activities of subordinate enterprises in violation of work requirements, and accept pornographic services. Take the power conferred by the party and the people as a tool to seek private interests, "rely on enterprises to eat enterprises" and "rely on cars to earn cars", take advantage of their positions to seek benefits for others and illegally accept huge amounts of property; take advantage of their positions to purchase goods from units operated and managed by their sons at significantly higher prices than the market, resulting in heavy losses to national interests.

Chen Demei seriously violated the discipline of the Party, constituted a serious violation of her duties and was suspected of accepting bribes and illegally making profits for relatives and friends, and did not restrain and stop after the 18th CPC National Congress, which was of a serious nature and bad influence, and should be dealt with seriously. In accordance with the relevant provisions of the regulations on Communist Party of China Disciplinary Action, the Supervision Law of the people's Republic of China, and the Law of the people's Republic of China on Administrative punishment of Public officials, and after study by the standing Committee of the Shanghai Municipal Commission for discipline Inspection, it was decided to expel Chen Demi from the party and cancel her retirement treatment; to transfer her suspected crime to the procuratorial organ for examination and prosecution according to law, and to transfer the property involved.

According to the data, Chen Demei was born in October 1962, a member of the Communist Party of China, a graduate student, a master of business administration and a senior economist. He was the deputy manager and manager of the economic operation department of Shanghai Automotive Industry (Group) Corporation, the manager of the economic operation department and the manager of the quality and economic operation department of Shanghai Automobile Group Co., Ltd., and the executive director of the quality and economic operation department of Shanghai Automotive Industry (Group) Corporation. Deputy Chief Economist of Shanghai Automobile Group Co., Ltd., General Manager of Shanghai Huizhong Automobile Manufacturing Co., Ltd., General Manager of Shanghai Wanzhong Auto parts Co., Ltd., Vice President of Shanghai Automotive Industry (Group) Corporation and General Manager of Automobile Service Trade Division. In January 2012, Chen Demei was appointed Vice President of Shanghai Automobile Group Co., Ltd. In April 2023, Chen Demei resigned as vice president because of her age retirement. In April 2024, according to the Supervisory Commission of the Shanghai discipline Inspection Commission, Chen Demei, former vice president of Shanghai Automobile Group Co., Ltd., is currently under disciplinary examination and supervision investigation by the Supervisory Commission of the Shanghai discipline Inspection Commission on suspicion of serious violations of discipline and law.

SAIC is the largest automobile manufacturer in China, the main vehicle companies include Zhiji Automobile, SAIC passenger car Branch, Feifan Automobile, SAIC Volkswagen, SAIC General Motors, SAIC GM Wuling, SAIC Chase, Nanjing Iveco, SAIC Light truck, Shanghai Shenwo and so on. According to the annual report, SAIC accumulated wholesale sales of 5.021 million vehicles in 2023, down 5.31% from the same period last year. During the reporting period, the total operating income of SAIC was 744.71 billion yuan, up 0.09% from the same period last year; the net profit belonging to shareholders of listed companies was 14.11 billion yuan, down 12.48% from the same period last year; and the net profit belonging to shareholders of listed companies after deducting non-recurrent profits and losses was 10.04 billion yuan, an increase of 11.71% over the same period last year.

It is worth mentioning that SAIC has just undergone a series of personnel changes. On July 10, the official of Shanghai Automobile Group Co., Ltd. (hereinafter referred to as "SAIC") announced the decision of the main leaders to adjust: Mr. Chen Hong, the former chairman, resigned as chairman and other positions due to his retirement age. Wang Xiaoqiu was appointed chairman of SAIC, and Mr. Jia Jianxu was appointed president of SAIC. On July 18, SAIC announced that Jia Jianxu, president of SAIC, would no longer serve concurrently as general manager of SAIC Volkswagen, and Tao Hailong, former general manager of Huayu Automotive Systems Co., Ltd., would take over the post of general manager of SAIC Volkswagen. On July 19, Huayu Automobile announced that the meeting elected Wang Xiaoqiu as chairman of the 10th board of directors, by-elected Jia Jianxu and Xu Ping as candidates for non-independent directors, and appointed Xu Ping as general manager of the company.

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