JB and ZJMY Holding Co (JBZY)

[floridany]

The future of ZJMY and JBZY

In my last post (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143815504) I mentioned about he information disconnection between American investors and ZJMY company. I did more digging and here are my findings.

During my first visit to Jinbo around April/May of 2017, I was told that Jinbo does not directly deal with their stock. They had their stock agent or handler. This agent is Mr. LU Wei.

Lu Wei does not act alone. He has a team in Beijing, including Professor FAN Wenyi, and accountant HUANG Anying. The threesome have business together: BCW GROUP HOLDING, INC. and J&P INTERNATIONAL INVESTMENT HOLDING GROUP, INC. Both companies are domiciled in Nevada state.

FAN Wenyi, or Professor Fan, was first known to us from the Jinbo 2016 annual meeting. Both Lu and Fan was introduced by Wang Jinlai. It was LU and FAN who organized the investment summit meeting in Shangdong province sometime in 2016, which attracted many audience and investors.

FAN's profile can be found at baike.baidu.com: https://baike.baidu.com/item/%E8%8C%83%E6%96%87%E8%AE%AE. Here is his name card I can find from baidu: https://image.baidu.com/search/detail?ct=503316480&z=0&ipn=d&word=%E8%8C%83%E6%96%87%E8%AE%AE&hs=2&pn=3&spn=0&di=68858516100&pi=0&rn=1&tn=baiduimagedetail&is=0%2C0&ie=utf-8&oe=utf-8&cl=2&lm=-1&cs=634280071%2C3921048472&os=706155772%2C3691808952&simid=4231262990%2C665044205&adpicid=0&lpn=0&ln=30&fr=ala&fm=&sme=&cg=&bdtype=0&oriquery=%E8%8C%83%E6%96%87%E8%AE%AE&objurl=http%3A%2F%2Fs15.sinaimg.cn%2Fbmiddle%2F5e70f072tbd5726381e4e&fromurl=ippr_z2C%24qAzdH3FAzdH3Fks52_z%26e3Bftgw_z%26e3Bv54_z%26e3BvgAzdH3FfAzdH3Fks52_cj0aua0da8aakfrm_z%26e3Bip4s&gsm=0&islist=&querylist=



It shows that FAN was born in Taipei, Taiwan, graduated from a law school, and is a Ph.D. advisor. Among his many titles, he is also Oxford International University MBA/DBA. In the Chinese translation of baike.baidu profile, Oxford International University became Oxford University. Oxford International University is a diploma mill.



FAN is also a visiting professor of California American University (CAU). When it is translated into Chinese, it sound like University of California. CAU is also a diploma mill.

FAN has some books published and one of the books is listed on jd.com. See who is the co-author: Wang Jinlai. http://item.jd.com/35050375038.html. I believe even Wang is a victim of Fan's scam in this case.

I can't find more information about LU online. But he is dubbed as Taiwan's famous strategist or mastermind in some articles.

Now it becomes clear how the marriage between ZJMY and Jinbo happened: LU and FAN organized meetings like this one and many companies attended and some were hooked: http://lushang.sdnews.com.cn/zt/201603/t20160323_2056004.html.

ZJMY has technology and ambition in electric vehicle industry and needs investment. Jinbo was at its prime time and loaded with money but need validation through some public vehicles. Going public in the US markets is one of easy and attractive approaches. Jinbo also wants to build their empire in many hot industry sectors (the nine plates). New Energy Vehicle was and is very hot industry in China.

So the marriage happened, Jinbo entered into new energy sector and made their group more attractive to their investors and customers. ZJMY got money infusion from Jinbo and listed on the US market. LU and FAN got their service fee and become the middlemen between Jinbo and the US market.

So the information from ZJMY to the US shareholders flows through many steps/layers: ZJMY -> Jinbo -> LU -> Richard and Fidler -> Shareholders. Both Wang and Han do not speak English. I don't know anyone in their organization speaks English. So the communication between ZJMY and Richard has to go through LU. Han said he never met Richard, that means Richard does not know too much about ZJMY and what ZJMY does. My guess is that Richard does not not know too much about Jinbo either. Richard is just a sub-contractor and files documents with US authorities for the company.

I personally think that both Wang and Han do not know how the US market works and how much is involved. Lu acts as the "expert", probably over promised to the company how easy to get on NASDAQ. Wang's initial intention probably was to validate his companies by listing one of his one to NASDAQ. I don't think scamming US investors was his motivation based on the fact that there is very limited dilution and PR releases.

The fall of Jinbo probably happened in the mid of 2017 and now stops to operate based on these facts:

1. Jinbo group ownership was transferred to Mr. Lin, one of Wang's assistants;
2. Most of information about Jinbo we got before was from the company's official wechat feeds. There is no more posts on that wechat account.
3. Jingtezmt.com was Jinbo's official media outlet. It is no longer functional.
4. Wang might have some business activities outside China but under other business names.

ZJMY without Jinbo: Jinbo helped ZJMY in at least these aspects: got ZJMY listed, initiated many collaboration talks with Chery and BAIC but nothing worked due to many reasons; the ZJMY bullet training naming to get ZJMY's name out; provided funding for company's operation.

Now ZJMY is on its own. As a company I have no doubt that it will survive and succeed. According to Han, many people in China are interested in investing in his company and the first swapping station will become operational soon.

But as a stock, JBZY faces many challenges:

1. It was raped by DOLV criminals and molested by Wang/Jinbo. JBZY's name is tainted.
2. It will depend on if Han still has a strong will to continue pursue his NASDAQ dream, either under JBZY or under a new shell.
3. It needs get rid of Wang and his preferred shares.
4. It needs get rid of LU and his team as middleman.
5. It needs retain new legal and IR services.
6. It needs put its minority ownership of Guangxi JJX under JBZY so revenue can be revealed under JBZY.
7. Swapping station business is under ZJMY New Energy Trading Company, a newly founded company by Han in early January 2018 (See my earlier post). It needs incorporated into JBZY.
8. It needs file quarterly and annual reports.

JBZY needs good luck in 2019. May god bless all of us.