Suspected of Serious Violations of Law! Wang Huan, General Manager of Shandong Zhonglu Oceanic Fisheries Co., Ltd., Under Investigation!
On October 21, the website of the Shandong Provincial Commission for Discipline Inspection and Supervision released a notice that Wang Huan, Executive Director of Shandong State-owned Assets Investment Holdings Co., Ltd. and Director and General Manager of Shandong Zhonglu Oceanic Fisheries Co., Ltd., is suspected of serious violations of law and, under the designated jurisdiction of the Shandong Provincial Supervisory Commission, is undergoing supervisory investigation by the Linyi Municipal Supervisory Commission.
On October 21, the website of the Shandong Provincial Commission for Discipline Inspection and Supervision released a notice that Wang Huan, Executive Director of Shandong State-owned Assets Investment Holdings Co., Ltd. and Director and General Manager of Shandong Zhonglu Oceanic Fisheries Co., Ltd., is suspected of serious violations of law and, under the designated jurisdiction of the Shandong Provincial Supervisory Commission, is undergoing supervisory investigation by the Linyi Municipal Supervisory Commission.
Wang Huan has long served on the front lines of the distant-water fishing and maritime shipping businesses. Born in June 1968, he holds a university degree and a bachelor's degree in economics. He previously served as a staff member in the Overseas Department of Shandong Provincial Aquatic Products Enterprise Group Corporation and a deputy section-level cadre at its fisheries representative office in Ghana, and later held the positions of deputy section-level cadre in the Trade Department, deputy manager of the Distant-Water Management Department, and head (chief representative) of the fisheries project in Gambia at Zhonglu Oceanic.
Thereafter, he successively served as General Manager and Chairman of Shandong Zhonglu Aquatic Products Shipping Co., Ltd., as well as Deputy General Manager of Zhonglu Oceanic. Since June 7, 2018, Wang Huan has served as General Manager of Zhonglu Oceanic; as of this investigation, he had held the position for more than eight years, with his career covering overseas fisheries projects, refrigerated shipping, and the operation and management of a listed company.
Zhonglu Oceanic was established in 1999 and issued B shares and listed on the Shenzhen Stock Exchange in 2000 under the securities abbreviation "Zhonglu B" and code 200992; its controlling shareholder is Shandong State-owned Assets Investment Holdings Co., Ltd. Its business includes not only distant-water fishing but also ocean shipping, refrigerated processing, and trade.