873136586
类汇总
She will transfer current loan from BOCI securities limited to CS which is around HKD 50M.
She would also obtain the credit facility for fix income investment in CS
Client mentioned that Hong Kong is more safe, transparent and politically stable as compared with China. she trusted HK's open and free financial system. Another reason is for geographical diversification on her asset allocation.
RM has known Ms. Wan for around 5 years from 2014 since RM served Ms. Wan as her account manager in BOCI Securities Limited. Ms. Wan initially opened a securities account with BOCI in 2014 for her to receive share incentives from her previous employer Alibaba Group Inc (BABA)
The account is mainly used for stock custody, investment in US shares and to receive dividend. Since then, RM assisted her to manage her financial and investment needs and RM has been maintaining a good relationship with her.
AUM of accounts in previous organization: 12.3M before leverage.
Ms. Wan's major wealth is in BOCI. She is having good relationship with this institution. Her account, under my management in BOCI, i conducted satisfactory without any irregularity. This account is for stock investment in equities and funds.
Ms. Wan obtained a bachelor degree of engineering and majoring in Thermodynamics and Mechanics from Shanghai Jiaotong University of China in 1994.
After graduation she joined PwC in Shanghai as associate in 1994, promoted to senior auditor in 1996 and leave PwC in1998.
After she joined Yum China (YUMC.US) as Senior FP&A (Financial Planning and Analysis) in 1998 until 2004.
In Apr 2004, she joined Alibaba Group Inc (BABA.US) as senior director and leave the group in Apr 2011.
After leaving Alibaba, til now she becomes founder of start-up company Shanghai Jingqi Network Technology Company Limited (上海靖琪网络科技有限公司)
Ms. Wan is divorced and have 1 child.
He daughter is 18 years old.
The nationality and residence of her and child is China.
960000
11745500
9700000
USD15.5M BOCI
USD6.9M HSBC
1)USD12.3M (as per 12May2019 BOCI statement, Asset value of HKD96,323,146.57@7.8(Appendix8), as client did not sell the stocks, the market value in Sept would be around 15.5M (122,000*180 -6.4M), because Alibaba stock price rise to around 180
2)USD6.9M held with HSBC(USD1M cash and 5.9M Bonds)
USD120K
She found Shanghai Jingqi Network Technology Limited, this company is focusing on online recruitment business, especially providing information to blue collars, part-time and freelance jobs.
Since wealth accumulated from this employment was insignificant compared with her total SOW, the salary income was not taken into account.
USD615K
Client has her personal investment in equities and structured investment, referring to her BOCI monthly statement in May 2019.
She holds BABA.US, 0700.HK and IPCI.US, besides she also invested in Structured Notes in HSBC. Based on her previous portfolio value of USD 12.3M in May 2019 and conservatively assume the ROI is 5 %, the expected annual in come is USD615K
USD735K
USD200K
1994-1998
Price Waterhouse (China) Limited
Senior Auditor
N/A
N/A
She was responsible for reviewing the accounts of companies and organizations to ensure the validity and legality of their financial records
Since wealth accumulated from this employment was insignificant compared with her total SOW, the salary income was not taken into account.
1998-2004
Yum China Holdings, Inc
Senior FP&A Manager
N/A
N/A
She was responsible for analysis on business of potential acquisition target and helps top management making decision on M&A plans
Since wealth accumulated from this employment was insignificant compared with her total SOW, the salary income was not taken into account.
2004-2011
Alibaba Group Inc
Senior Director, Risk Management Division
USD82K (After tax)
USD455K
USD11.7M (Share-based compensation after tax)
In 2004, Ms. Wan joined Alibaba Group as a senior director.
She was head of Risk Management Division, and
responsible for business data analysis and formulate data-
driven business strategy, including M&A activities, she also
found data analysis departments in Alibaba and Taobao (a
subsidiary of Alibaba group).
www.jianshu.com/p/7ab6707df823
As told by client, her annual salary in 2011 was around
CNY1M. Reference can be made to benchmark from Kelly
Services 2017, since there is no equivalent position, we
could compare the salary information with Corporate Finance
MD, since majority employees in her
department was from Corporate Finance background.
The reference shows the minimum annual salary of a
Corporate Finance MD is from CNY1.5M. Therefore,
her salary is believed plausible.
www.kellyservices.cn/cn/siteassets/china---kelly-services...
(Appendix 2)
We take 9% discount backward from 2011 to 2004 for her
CNY1M salary. Reference is made to the following link.
The average GDP growth from 1997 to 2017 is 9%.
en.wikipedia.org/wiki/Historical_GDP_of_China
(Appendix 3)
Her major sources of wealth is from Alibaba Employee
Share Incentive Plan, although alibaba listed in 2014 after
her resignation in 2011, she had totally 146,731 after-tax
BABA.NYSE ADR equivalent RSU vested. And which is
deposit in 40% and 60% to her BOCI account respectively
in Mar 2015 and Sept 2015, (you may refer to Sept 2015
BOCI statement, there was 88039 AD Rs deposit into her
account, there was another 58692 AD Rs deposit into her
account in Mar 2015).
At the end of 2015, the stock price is around USD80, we could thus estimate she receive USD11.7M worth from her employer.
Refer to Appendix 1 for excel calculation.
She resigned from Alibaba in Apr 2011. she is a founder of Shanghai Jingqi Network Technology Limited Now.
2011 - Present
Shanghai Jingqi Network Technology Limited
Founder
USD120K(After Tax)
USD960K
She found Shanghai Jingqi Network Technology Limited, this company is focusing on online recruitment business, especially providing information to blue collars, part-time and freelance jobs.
Since wealth accumulated from this employment was insignificant compared with her total SOW, the salary income was not taken into account.
Shanghai Jingqi Network Technology Limited
China, Shanghai
USD2.5M
USD300K
This is recruitment website, the income is from recruitment ads
From founder's own fund which is originated from her savings
87.5%
Recruitment website for blue-collars, part-time and freelances
China 100%
N/A
Pls refer to recruitment section of 百姓网
shenzhen.baixing.com/gongzuo/?src=topbar
Alibaba Group Holding Limited (阿里巴巴集团控股有限公司)
(Stock code: BABA.US)
Cayment Islands
Internet, software & IT services
Chian
USD 39,898M
www.alibabagroup.com/en/news/press_pdf/p180504.pdf
Appendix 4 - Full Fiscal Year 2018 Results
USD 10,201M
www.alibabagroup.com/en/news/press_pdf/p180504.pdf
Appendix 4 - Full Fiscal Year 2018 Results
Alibaba Group Holding Limited Operates as a holding company. The company provides internet infrastructure, e-commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding Offers its products and services worldwide.
Client's expertise is in data-driven business analysis and M & A
2015- current
146,731 ADRs of BABA.US @USD80/ADR
Sold 24,731 ADRs in 2017 with average price around 120
Remaining 122,000 ADRs o BABA.US in BOCI account
While she suffer loss of
USD3M in other investment
USD11.7M from 2015 vested RSU from Alibaba
BABA.US
now is at
USD176
Unrealized profit
=
(176-80)*122,000 =
USD11,712,000
Realized Profit = (120-80)*24,731 = USD 989,240
Loss：-USD3M
Total accumulated wealth ~ USD9.7M
indicated that the share incentives (eg. Option and RSU) granted to the directors and executive
officers on 3 May 2011. This was the same tranche that Wan Chunyun was granted.
www.sec.gov/Archives/edgar/data/1577552/00011931251418499...
Appendix 6 - historical price of BABA.US from Yahoo Finance to justify the information of sale price as told by client.
Appendix 10 - Sep 2015 BOCI statement shows 88,039 ADRs were vested to Ms. Wan in Sep 2015 under employee stock incentive plan.
类汇总
She will transfer current loan from BOCI securities limited to CS which is around HKD 50M.
She would also obtain the credit facility for fix income investment in CS
Client mentioned that Hong Kong is more safe, transparent and politically stable as compared with China. she trusted HK's open and free financial system. Another reason is for geographical diversification on her asset allocation.
RM has known Ms. Wan for around 5 years from 2014 since RM served Ms. Wan as her account manager in BOCI Securities Limited. Ms. Wan initially opened a securities account with BOCI in 2014 for her to receive share incentives from her previous employer Alibaba Group Inc (BABA)
The account is mainly used for stock custody, investment in US shares and to receive dividend. Since then, RM assisted her to manage her financial and investment needs and RM has been maintaining a good relationship with her.
AUM of accounts in previous organization: 12.3M before leverage.
Ms. Wan's major wealth is in BOCI. She is having good relationship with this institution. Her account, under my management in BOCI, i conducted satisfactory without any irregularity. This account is for stock investment in equities and funds.
Ms. Wan obtained a bachelor degree of engineering and majoring in Thermodynamics and Mechanics from Shanghai Jiaotong University of China in 1994.
After graduation she joined PwC in Shanghai as associate in 1994, promoted to senior auditor in 1996 and leave PwC in1998.
After she joined Yum China (YUMC.US) as Senior FP&A (Financial Planning and Analysis) in 1998 until 2004.
In Apr 2004, she joined Alibaba Group Inc (BABA.US) as senior director and leave the group in Apr 2011.
After leaving Alibaba, til now she becomes founder of start-up company Shanghai Jingqi Network Technology Company Limited (上海靖琪网络科技有限公司)
Ms. Wan is divorced and have 1 child.
He daughter is 18 years old.
The nationality and residence of her and child is China.
960000
11745500
9700000
USD15.5M BOCI
USD6.9M HSBC
1)USD12.3M (as per 12May2019 BOCI statement, Asset value of HKD96,323,146.57@7.8(Appendix8), as client did not sell the stocks, the market value in Sept would be around 15.5M (122,000*180 -6.4M), because Alibaba stock price rise to around 180
2)USD6.9M held with HSBC(USD1M cash and 5.9M Bonds)
USD120K
She found Shanghai Jingqi Network Technology Limited, this company is focusing on online recruitment business, especially providing information to blue collars, part-time and freelance jobs.
Since wealth accumulated from this employment was insignificant compared with her total SOW, the salary income was not taken into account.
USD615K
Client has her personal investment in equities and structured investment, referring to her BOCI monthly statement in May 2019.
She holds BABA.US, 0700.HK and IPCI.US, besides she also invested in Structured Notes in HSBC. Based on her previous portfolio value of USD 12.3M in May 2019 and conservatively assume the ROI is 5 %, the expected annual in come is USD615K
USD735K
USD200K
1994-1998
Price Waterhouse (China) Limited
Senior Auditor
N/A
N/A
She was responsible for reviewing the accounts of companies and organizations to ensure the validity and legality of their financial records
Since wealth accumulated from this employment was insignificant compared with her total SOW, the salary income was not taken into account.
1998-2004
Yum China Holdings, Inc
Senior FP&A Manager
N/A
N/A
She was responsible for analysis on business of potential acquisition target and helps top management making decision on M&A plans
Since wealth accumulated from this employment was insignificant compared with her total SOW, the salary income was not taken into account.
2004-2011
Alibaba Group Inc
Senior Director, Risk Management Division
USD82K (After tax)
USD455K
USD11.7M (Share-based compensation after tax)
In 2004, Ms. Wan joined Alibaba Group as a senior director.
She was head of Risk Management Division, and
responsible for business data analysis and formulate data-
driven business strategy, including M&A activities, she also
found data analysis departments in Alibaba and Taobao (a
subsidiary of Alibaba group).
www.jianshu.com/p/7ab6707df823
As told by client, her annual salary in 2011 was around
CNY1M. Reference can be made to benchmark from Kelly
Services 2017, since there is no equivalent position, we
could compare the salary information with Corporate Finance
MD, since majority employees in her
department was from Corporate Finance background.
The reference shows the minimum annual salary of a
Corporate Finance MD is from CNY1.5M. Therefore,
her salary is believed plausible.
www.kellyservices.cn/cn/siteassets/china---kelly-services...
(Appendix 2)
We take 9% discount backward from 2011 to 2004 for her
CNY1M salary. Reference is made to the following link.
The average GDP growth from 1997 to 2017 is 9%.
en.wikipedia.org/wiki/Historical_GDP_of_China
(Appendix 3)
Her major sources of wealth is from Alibaba Employee
Share Incentive Plan, although alibaba listed in 2014 after
her resignation in 2011, she had totally 146,731 after-tax
BABA.NYSE ADR equivalent RSU vested. And which is
deposit in 40% and 60% to her BOCI account respectively
in Mar 2015 and Sept 2015, (you may refer to Sept 2015
BOCI statement, there was 88039 AD Rs deposit into her
account, there was another 58692 AD Rs deposit into her
account in Mar 2015).
At the end of 2015, the stock price is around USD80, we could thus estimate she receive USD11.7M worth from her employer.
Refer to Appendix 1 for excel calculation.
She resigned from Alibaba in Apr 2011. she is a founder of Shanghai Jingqi Network Technology Limited Now.
2011 - Present
Shanghai Jingqi Network Technology Limited
Founder
USD120K(After Tax)
USD960K
She found Shanghai Jingqi Network Technology Limited, this company is focusing on online recruitment business, especially providing information to blue collars, part-time and freelance jobs.
Since wealth accumulated from this employment was insignificant compared with her total SOW, the salary income was not taken into account.
Shanghai Jingqi Network Technology Limited
China, Shanghai
USD2.5M
USD300K
This is recruitment website, the income is from recruitment ads
From founder's own fund which is originated from her savings
87.5%
Recruitment website for blue-collars, part-time and freelances
China 100%
N/A
Pls refer to recruitment section of 百姓网
shenzhen.baixing.com/gongzuo/?src=topbar
Alibaba Group Holding Limited (阿里巴巴集团控股有限公司)
(Stock code: BABA.US)
Cayment Islands
Internet, software & IT services
Chian
USD 39,898M
www.alibabagroup.com/en/news/press_pdf/p180504.pdf
Appendix 4 - Full Fiscal Year 2018 Results
USD 10,201M
www.alibabagroup.com/en/news/press_pdf/p180504.pdf
Appendix 4 - Full Fiscal Year 2018 Results
Alibaba Group Holding Limited Operates as a holding company. The company provides internet infrastructure, e-commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding Offers its products and services worldwide.
Client's expertise is in data-driven business analysis and M & A
2015- current
146,731 ADRs of BABA.US @USD80/ADR
Sold 24,731 ADRs in 2017 with average price around 120
Remaining 122,000 ADRs o BABA.US in BOCI account
While she suffer loss of
USD3M in other investment
USD11.7M from 2015 vested RSU from Alibaba
BABA.US
now is at
USD176
Unrealized profit
=
(176-80)*122,000 =
USD11,712,000
Realized Profit = (120-80)*24,731 = USD 989,240
Loss：-USD3M
Total accumulated wealth ~ USD9.7M
indicated that the share incentives (eg. Option and RSU) granted to the directors and executive
officers on 3 May 2011. This was the same tranche that Wan Chunyun was granted.
www.sec.gov/Archives/edgar/data/1577552/00011931251418499...
Appendix 6 - historical price of BABA.US from Yahoo Finance to justify the information of sale price as told by client.
Appendix 10 - Sep 2015 BOCI statement shows 88,039 ADRs were vested to Ms. Wan in Sep 2015 under employee stock incentive plan.