Showing posts with label coverup. Show all posts
Showing posts with label coverup. Show all posts

Breaking: GemPharmatech Co., Ltd assisted Chinese People's Liberation Army Developing Covid19 By Supplying Humanized Mice

 GemPharmatech Co., Ltd ( 江苏集萃药康生物科技股份有限公司, sometimes also referred to as "Jiangsu Jicui Yaokang Biotechnology Co., Ltd.", GPC), to be flotated on Shanghai Securities Exchange, made humanized mice for Chinese People's Liberation Army, according to the Lude Media show made in Chinese.

GemPharmatech Co., Ltd cooperates closely with Nanjing University. It is also a cooperative unit of the The National Resource Center for Mutant Mice of China and China's largest genetically engineered mouse resource bank, Model Animal Research Center of Nanjing University.

In particular, GemPharmatech Co., Ltd has released ACE2 related experimental data on 29 Jan 2020.

The founder is Xiang Gao who defected and returned to China after stealing technology and is also the core point of this mission.

As informed in its IPO prospectus,  on 21 February 2019, it signed an agreement with Nanjing University-Nanjing Institute of Biomedicine to acquire 2612 mouse strains and intellectual property rights from the latter. On 15 September 2020, Broad, the intellectual property agent related to genome editing technologies such as CRISPR/Cas9 in Harvard and MIT, licensed GPC to use genome editing technology on 1 January 2018. Starting from 1 January 2019, it jointly built a national genetically engineered mouse resource bank with Nanjing University.


Certification: AAALAC certification by the International Laboratory Animal Evaluation and Accreditation Committee (issued in October 2019), registration certificate of the business unit of explosive hazardous chemicals, registration of export animals and non-edible animal products production, processing, and storage enterprises certificate, Biosafety Laboratory Record Certificate, Laboratory Animal Production and Use Permit (both issued on 6 June 2018). 

GemPharmatech's experimental animal production license SCXK (Su) 2018-0008 barrier range (SPF level: mice, rats, new animal room 2nd and 3rd floors, 4000 m2); GemPharmatech's experimental animal use license SYXK (Su) 2018 -0027 Barrier environment (SPF grade: mice, rats, new animal room on 1st floor, 2,000 m2; 1st phase of scientific research building, new laboratory animal room, 300 m2; SPF grade: mice, GF building area 2, 911 m2) .



On 5 December 2019, GPC rented 4240 square meters in the North Building of the Experimental Animal Center, Southern Park, Genetic Resources Research and Development Center of the Chinese Academy of Sciences, for office and production. In January 2019, 18,500 square meters were leased from Nanjing Jiangbei New Area Industrial Investment Group Co., Ltd. at No. 12 Xuefu Road, Jiangbei New District, Nanjing City for office, R&D and production. The lessor issued USD bonds, private placement bonds and corporate bonds in the inter-bank market. It rented no less than 3,200 square meters in Guangdong. The actual controller of Nanjing Jiangbei Industrial Investment Group is the Administrative Committee of Jiangbei New District. The rent-free transaction of GPC to use the assets of government-controlled enterprises is actually a government subsidy. Government subsidies should be recognized at market rental prices in accordance with the government subsidy accounting standard. However, it failed to recognize or disclose it as a government subsidy. There are only deferred income and total government subsidies, and no netting method subsidy in the notes. Therefore, there are material misstatements in the financial statements and prospectus of GPC. Deposits for renting plant for free may have been exempted, if it is collected, the deposit should not exceed 26,400, because the five largest other receivables in 2020 do not include those due from Jiangbei Industrial Investment Group.








Chinese banks providing credit to Jiangbei Industrial Group, the lessor of humanized mice facility and plant: ICBC 15.26 billion, Industrial Bank 6.59 billion, Bank of China 5.916 billion, Nanjing Bank 5.124 billion, China CITIC Bank 4.32 billion, etc. 







Both Zhoushan bat virus skeleton and GemPharmatech, which produces experimental animal mice, are in the eastern theater of the People's Liberation Army(中国人民解放军东部战区).
 Genera Yuejun Liu: In 1999 led troops to take over Macau; In February 2002, the commander of the 42nd Group of the Army; In June 2007, Chief of Staff of Lanzhou Military Region;
 Commander of Lanzhou Military Region in October 2012; In January 2016, Commander of the Eastern Theater; Retired in December 2019.

China recognizes Taiwan as an independent country in essence and it's non sense for Chinese unifying Taiwan



China bans Taiwan websites ending with .tw. I have tried to visit Taiwan websites from China. China bans free exchange of Chinese Yuan with Taiwan dollars. China regards those living or companies in Taiwan as non-residents for tax purposes. China uses different characters from Taiwanese in spite of some Taiwanese words being used for writing checks or bills of exchange. China blocks US PCAOB's access of audit documentation related to US listed companies with operation in China. Taiwan doesn't block US PCAOB's access of audit documentation related to US listed companies with operation in China, Hong Kong and Taiwan. 

Listed companies on Chinese stock exchange doesn't adopt International Financial Reporting Standards (IFRS). Listed companies on Taipei Exchange adopt IFRS (translated from English after alternatives reduction). In the Chinese Accounting Standards for Business Enterprises, said by China in convergent with IFRS, China intentionally didn't define enterprises under common control of state as not related parties and classified land use rights as intangibles rather right of use assets under the cirumstances that there are tremendous land use rights transactions for free or low cost and subsidies between state and state-owned entities and there are tremendous loan, mergers and acquisitions and underwriting transactions among state-owned entities. State owned financial institutions in China never disclosed themselves as related parties to the issuers when they underwrote or sold securities of other state-owned enterprises.

 China violates Constitution of Republic of China effective since 1947.

Taiwan follows Constitution of Taiwan effective since 1947 followed by modification made afterwards.

China recognizes Taiwan as an independent country in essence. 

Chinese military operation against Taiwan is aggression.

Considering that China neglected UN resolution on ceasing aggression in Korea in 1951, it's necessary for the International Community to take preemptive action against China to stop aggression or hold Chinese accountable to aggression in Korea for violating UN Resolution immediately.



9 December 2021 Covid19 is related to military bioweapon program of China; Genocide was Held to Be True by UK Tribunal and condemned by US Congress and Cash Flow to China was Cut off

 

(Picture source: Daily Mail)

Daily Signal: EXCLUSIVE: Chinese Virologist Says Communist Regime Targeted Her for Exposing COVID-19 Origin

BARRON: UYGHUR TRIBUNAL concluded that, despite the absence of large-scale mass killing, the People’s Republic of China has committed genocide on the ground of Article 2d of the UN General Convention

US Congress: Condemning the ongoing genocide and crimes against humanity being committed against Uyghurs and members of other religious and ethnic minority groups by the People's Republic of China.

BBC: China's detention camps: Held in chains for using WhatsApp

Financial Times: US to blacklist Chinese AI company SenseTime over Xinjiang ahead of IPO

Financial Times: Bitcoin mining nears record pace as industry shrugs off China clampdown

Financial Times: ‘Essentially dead’: China closes off foreign investors’ route into tech deals 

Le Canard républicain: Japan Health Ministry issues warning of potential heart problems from the Moderna and Pfizer vaccines.

Washington Times: Pentagon gets new reporting tasks for China. China linked to Facebook disinformation, Biden official acknowledges Taiwan


Lude Media membership program releases key evidence on Chinese Communist regime's coverup of covid19 pandemic outbreak

 



Lude Media membership program releases key evidence on Chinese Communist regime's coverup of covid19 pandemic outbreak on 30 November 2021. In December 2019, the Wuhan CDC recommended emergency isolation measures. On 26 December 2019, the Wuhan CDC suggested that the WHO should be notified as soon as possible, but it was banned by the CCP. Why did the CCP try to conceal the real information about the covid19 in the first place? Pandemic won't cease without taking down Chinese Communist regime.

This picture below shows part of the dialogue between Wuhan CDC and Hangzhou Matridx Biotechnology Co.,Ltd. shown on the Lude Media program. Hangzhou Matridx Biotechnology Co Ltd is an enterprise which focuses on the molecular diagnosis of infectious diseases, with the headquarter  in Hangzhou, Zhejiang.It utilizes gene editing (CRISPR/Cas) and high-throughput sequencing (NGS) as the technology platforms and has already built Multi-level, high-quality product lines and service system in the area of diagnosis of infectious diseases. Its address: 4 th Floor Building 2-4, NO.2073, JinChang Road, LiangZhu Street, Hangzhou, Zhejiang, China, TEL: 0571-88980656, Email: alex@matridx.com. 



Twitter user lynnli@lynnli77091240 said that after the Wuhan Health Commission did issue red-head documents on 31 December 2019 stating that there was an atypical virus for unknown reasons, he or she saw this file plus some gossip from overseas forums before, and quickly placed an order to buy two boxes of N95 mask for family. 










Owner of Chinese Largest Banks Made Significant Misstatements in the Financial Statements

 Central Huijin Investment Ltd (CHI,中央汇金投资有限责任公司) is an enterprise whose paid-in capital 828 billion Chinese Yuan is completely from China Investment Corporation (CIC,中国投资有限责任公司) which is wholly owned by the State Council of the People's Republic of China (PRC) under the leadership of Chinese Communist Party (CCP) whose General Secretary is Jinping Xi.

On 30 Nov 2021 CHI published 2021 Q3 financial statements as of 30 Sep 2021. The total assets as of 30 Sep 2021 is 6.12 trillion, mostly long-term equity investment 5.46 tn, and comprehensive income is 418 billion for the first nine months increasing 18 billion year on year.  Operating cashflow is 197 billion increasing 121 billion year on year. Investing cash net inflow is maily from collected investment income 150 billion. In contrast, many private entities and even some state-owned enterprises are struggling for life. The operating cashflow didn't benefit ordinary Chinese taxpayers despite its capital being mainly from Chinese taxpayers.

Financial Statements of CHI as of 31 Dec 2020 was given an unqualified audit opinion by Tianzhi International CPA, a Chinese member of Baker Tilly International Limited, on 22 June 2021.




According to annual report of 2020, its investment was mainly consisted of investment in state-owned large financial institutes, among other things, including Bank of China (64% of equity of Bank of China,BOC中国银行), China Construction Bank (57%,CCB中国建设银行), Industrial and Commercial Bank of China (35%,ICBC中国工商银行), Agricultural Bank of China (40%,ABC中国农业银行), China Development Bank (35%,CDB国家开发银行), China Reinsurance (Group) Corporation(72%,中国再保险(集团)股份有限公司), etc. CHI owned 20% of equity in Shenwan Hongyuan Group Co.,Ltd(申万宏源集团股份有限公司) which is in Xinjiang where crime against humanity and genocide are ongoing. The financial institutes investees have financed genocide in Xinjiang via lending and rendering underwriting services  to other CCP owned entities such as China Communication Construction Company(中交集团), China State Construction Engineering Corporation Ltd(中国建筑) or other companies. 

CHI claimed that 2020 annual financial statements complied with Chinese Accounting Standards for Business Enterprises (CAS,企业会计准则). But it didn't consolidate financial statements of subsidiaries such as BOC, CCB and China Reinsurance (Group) Corporation. It reasoned that the Caijinhan【2008】98 issued by the PRC Finance Ministry gave an exemption allowing it to carry it through equity method but it failed to outline the specific content of such document to help financial statements users to understand of what nature the document is. CAS 33 Consolidating Financial Statement amended in 2014 stated that an entity must be either an investment entity or not an investment entity. An investment entity should account for all the investments in subsidiaries at fair value through profit or loss except for those that supply supporting services to parent company. 

Many thought falsely that consolidating financial statements would greatly increase financial situation viewed by readers. But it isn't the case. Financial statements shall faithfully represent what they purport to represent. Besides, its banks investees are mostly heavy debted and liability ratio would have increased tremendously if subsidiaries were consolidated. Increased debt ratio is not good for a bond issuer. CCB's liability ratio to assets under CAS in 2020 is 91% (25.7 trillion/28.1trillion *100%). BOC's ratio is 91%(22.2 trillion/24.4 trillion*100%)CHI's ratio is 9.27% (0.54 trillion/5.82 trillion*100%) based on its financial statement without consolidation, which leaves a false impression that CHI has a good standing in resolving debt overally.

CHI, in fact, carried its investment in subsidiaries both in equity method and at fair value through profit or loss.

CHI also failed to disclose whether it had control or material impact over investee in accordance with CAS 41 Disclosing Interests in Other Entities.

CHI failed to disclose intangible assets by classes. State-owned entities often obtain land use rights  carried under intangible assets free of charge or for low cost. Acquiring land use rights from state is a related party transaction for a state-owned enterprise. 

Disclosure of details of short-term borrowings, accrued interest and other payables isn’t understandable as it failed to outline specific detailed items. CAS required that financial statements must be understandable.

CHI stated that there was no events after reporting period that must be reported. The date of authorising the financial statement was 22 June 2021 but it stated that in the other parts of annual report outside financial statements that it issued 5.5 billion bonds on 8 March 2021. It failed to diclose the 5.5 billion bonds issuance as event after reporting period.

There were many material misstatements in disclosing related party transactions.

In section 4 of Part 8 Related Parties and Related Party Transaction, it disclosed the balances of debts due to and from banks but it didn't disclose related party transactions that have lead to the change in balances and corresponding related interest revenue and interest expense. It failed to disclose the credit facility related banks granted. ICBC,  ABC, BOC and CCB granted credit 170 billion Chinese Yuan, 150 billion, 100 billion and 100 billion respectively to CHI  as of 31 Dec 2020. 

Just as Chinese state-owned banks systemtically omitted disclosure of relation party transactions with other major state-owned enterprises such as CSCEC group, CNPC group,  CRGLgroup, CCCCL group, CHI also systemtically omitted disclosure of such class of relate party transactions with these state-owned enterprises. 

Currency Unit: RMB in billions

Credit Facility transactions of CHI's investee banks with other state-owned enterprises as of 30 September 2019:

Borrower Name

BOC(中国银行)

CCB(中国建设银行)

ICBC(中国工商银行)

BOCOM(交通银行)

ABC(中国农业银行)

CDB(国家开发银行)

CSCEC group 中国建筑

350

320

140

230

300

150

CNPC group中国石油天然气集团有限公司

60

30

86

30

180

 -

CRGLgroup中国中铁

280

271.8

117.6

72.64

179

10.43

CCCCL group中交集团

324.35

198.1

 -

88.5

271.59

375.68

Total

1,014.35

819.9

343.6

421.14

930.59

536.11

There were no evidences to show that these banks ceased lending relation with the state-owned enterprises mentioned above. For example, one of the subsidiaries of CSCEC got credit facility 14.16 billion CNY from CCB as of 31 March 2020. As of 31 December 2020,CRGL obtained credit facilitiy from CHI's investee banks CDB, ABC, ICBC, CCB and BOC for 231.7 bn, 256.26 bn, 213.42 bn, 271.8 bn and 290.2 bn. 
CNNC(中核集团), an enterprise also owned by PRC State Council, obtained credit facilitiy from CHI's investee banks CDB, ABC, ICBC, CCB and BOC for 250 bn, 110 bn, 200 bn, 150 bn and 200 bn as of 30 June 2020.

136 billion underwriting services had been rendered by related banks in 2020 but were omitted in the disclosure of related party transactions. As an issuer of bonds, CHI failed to disclose in prospectus that its bond were underwritten by related parties and its financial situation hadn't been scrutinied independently by underwritters.







It omitted disclosure of key management's compensation. Key management are those that decide how, when and where to invest the money, operate or decide other significant. Key management personnel, among other things, include but are not limited to Chun Peng, Rujun Shen, Yong Wang and Zhibin Xu.

The misstatements have been repeated again and again every year. No one in the CCP including Jinping Xi corrects the misstatements.

The board of directors, the board of supervisors and executives in the CHI, mainly consisted of CCPers,  failed to maintain integrity and objectivity and failed to excercise due diligence and professional judgement. A CCPer is a member of the Chinese Communist Party or a member of the Communist Party of China whose General Secretary is Jinping Xi,the general director of Xivirus pandemic.



Given the facts mentioned above, it's not difficult to cast doubt on whether CCP is unwilling to follow international accounting convention, which includes consolidating subsidiaries or carrying at fair value and fullying disclosing related party transactions and corresponding nature of associated relations, and ineligible to administer accounting affairs fairly.







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