Nominal: The Handong Game, the Energy System's Counterattack

The original Dafeng Factory was a long-established state-owned collective enterprise in Handong Province.

At the beginning of the reform, in accordance with Chen Yanshi's reform plan, the reform concept of "all employees holding shares and workers being in charge" was established.

After the factory is restructured, more than a thousand original factory workers and key employees will jointly hold shares.

In order to promote the reform, Chen Yanshi took the lead and personally invested to buy the first share of Dafeng Factory after the reform.

After the restructuring, the first share certificate of Dafeng Factory was signed with Chen Yanshi.

Chen Yanshi has always been quite proud of the successful restructuring of Dafeng Factory.

The Dafeng Factory, where everyone owns shares and receives dividends, was originally a high-quality reform model that benefited the people and protected workers' rights.

For many years, the outside world, official circles, and public opinion have always tacitly accepted this.

Dafeng Factory remains a worker-owned enterprise where workers' rights are paramount.

Chen Yanshi has been advocating for many years and has always presented himself as a righteous figure who "protects workers' shares and defends workers' rights."

His actions earned him a high reputation and popularity among the people.

However, the actual changes in shareholding have long since deviated from the original intention of the reform and have become a tool for a few people to amass wealth and make profits.

After more than ten years of quiet acquisitions, private transfers, disguised coercion, and low-price buybacks.

The scattered shares of the original factory's more than 1,000 ordinary workers were gradually consolidated and merged.

Most low-level workers do not understand equity value, capital operation, or ways to protect their rights.

Amidst fluctuating corporate profits, wage arrears, and the pressures of daily life.

They were forced to sell their shares at a low price, or they were brainwashed and tricked into a takeover by major shareholders.

Today, the equity structure of Dafeng Factory has been completely overturned, and the polarization is extremely severe.

Cai Chenggong, the legal representative and major shareholder of Dafeng Factory, has been involved in capital operations, private acquisitions, and related-party transactions for many years.

With a cumulative shareholding of up to 60%, they firmly control the Dafeng Factory.

They control all core rights and interests of the company, including all operations, dividends, loans, and demolition compensation.

The remaining 40 percent of the shares are distributed among more than 100 old shareholders, including Zheng Xipo, the chairman of the labor union.

It appears that the workers still hold shares and their rights remain intact.

In reality, most ordinary workers hold very low percentages of shares, receive very little in dividends, and have no say in the matter. Only a few core shareholders, such as Zheng Xipo, truly profit.

The most shocking and mind-blowing secret for Zhao Dehan and Sun Liancheng was hidden in the subtle gaps in the equity structure.

Chen Yanshi, the former deputy chief prosecutor of the provincial procuratorate, was the holder of the No. 1 share at the beginning of the restructuring of Dafeng Factory.

Later, when the new policy was introduced, Chen Yanshi announced in a high-profile manner that he had donated his shares in Dafeng Factory.

Indeed, Chen Yanshi and his associates were no longer listed among the shareholders of Dafeng Factory.

However, according to the three's investigation, a shareholder named You Renda caught their attention.

Because this person actually owns three percent of the shares in Dafeng Factory.

These 3% of shares were acquired without any actual investment, without any shareholding certificates, and without any public disclosure.

The key point is that he held shares right after Chen Yanshi announced he would donate his shares in Dafeng Factory!

Zhao Dehan and Sun Liancheng quickly asked Cheng Du to check on this person, and Cheng Du quickly found the person's information through the public security system.

This man named You Renda was a former employee of the Dafeng Factory.

He wasn't from Handong. During the restructuring, his years of service were bought out, and he left Dafeng Factory. He's no longer in Handong.

After investigating this far, the three of them almost all had a guess in their minds.

So they investigated further.

Later, Cheng Du consulted Luo Junzhen and asked the Economic Crime Investigation Department to help investigate.

With the help of the Economic Investigation Department, the financial structure of Dafeng Factory gradually unfolded before them.

After seeing the information, even Zhao Dehan was furious.

As they delved deeper into the equity structure, the harsh reality came to light.

This completely shattered the illusion that Dafeng Factory was "devastated, struggling, and losing money for the people."

For many years, Tsai Cheng-cheng has repeatedly claimed that Dafeng Factory is experiencing operational difficulties, insufficient orders, low profits, and continuous losses.

Workers' wages were intermittent and often delayed, resulting in meager incomes and financial difficulties for ordinary employees of Dafeng Factory.

Countless workers toil for their companies for half their lives, only to end up with no guarantee of wages and no protection of their rights.

The Jingzhou and Guangming district governments, out of consideration for the old state-owned enterprise and Chen Yanshi's reputation, allowed Dafeng Factory to continue operating at a loss for many years.

For many years, the government has provided tax exemptions, assistance, and preferential policies to this long-established restructured enterprise, making every effort to preserve it.

The system clearly displays accurate cash flow, dividend records, and loan records.

Dafeng Factory did not actually suffer losses a few years ago; it was just that profits were deliberately concealed, funds were misappropriated, and profits were divided up by a few people.

Tsai Cheng-cheng has long used business operations as an excuse.

Apply for large operating loans and policy-based support loans from major banks, using corporate equity and land use rights as collateral.

Over the years, they have embezzled a huge amount of money.

These funds were not all used for enterprise production, equipment upgrades, or worker salaries.

Instead, it was precisely split up, with one part used to maintain the company's superficial operation, pay basic salaries, and cover up the illusion of losses.

The vast majority of the funds were used for shareholder dividends, personal profiteering, and related-party transactions.

Some of the funds were even misappropriated by Cai Chenggong and his associates to invest in other industries.

For more than a decade, the company has continued to operate despite claiming poor performance and wage arrears.

Cai Chenggong continues to insist on giving core shareholders fixed and high dividends every year.

Besides Tsai Cheng-cheng himself monopolizing 60% of the profits and amassing enormous wealth,

Zheng Xipo and other core shareholders have been enjoying dividends and making easy profits for many years, with accumulated dividends amounting to several million yuan over the past ten years.

The most ironic thing is that it's the ordinary workers at the bottom who truly dedicate their youth and labor to the company.

They neither receive their full salary nor share in the company's profits.

Ultimately, they will have to bear the illusion of corporate losses and operational difficulties, becoming victims of major shareholders' capital accumulation and power struggles.

The dividends they were focusing on belonged to a man named You Renda. Ever since he acquired shares in Dafeng Factory, his annual dividends had been flowing into a single account.

However, the account name does not belong to Yourenda himself.

This account belongs to a person named Wang Yisheng.

The group continued their investigation into Wang Yisheng, only to discover that he had already gone abroad.

However, they discovered that the person who actually held and used the account was not Wang Yisheng himself.

Because the funds in this account were transferred several times within Handong Province.

During the period when the funds in this account changed, this person named Wang Yisheng had long since left Handong.

However, the three of them lacked the authority to find out who held the passbook.

Left with no other choice, Cheng Du consulted Luo Junzhen again.

With a powerful deputy director of the provincial public security bureau taking action, there were few obstacles to investigating this matter.

The results came out quickly, but they left everyone speechless.