聚仁新材IPO股权清晰性遭问询，陶丹等创始股东2017年退出

Core Viewpoint - Hunan Juren New Materials Co., Ltd. has submitted an application for public stock issuance and listing on the Beijing Stock Exchange, with CITIC Securities as the sponsor, highlighting its focus on the research, production, and sales of caprolactam series products in the advanced chemical materials sector [1][2]. Group 1: Company Structure and Control - The actual controller of Juren New Materials is Wang Hanyu, who controls 56.61% of the voting rights through three holding platforms: Yueyang Juyi, Yueyang Rongchuang, and Yueyang Jutai, without direct shareholding [3]. - There have been multiple instances of shareholding entrustment and capital contribution flaws during the establishment and historical capital increases of Juren New Materials, with some founding shareholders, such as Tao Dan, no longer holding shares since 2017 [4][5]. Group 2: Shareholding and Investment Agreements - The company is required to clarify the background and reasons for shareholding entrustment, including the verification of investment agreements, resolutions, payment vouchers, tax payment certificates, and fund flow checks [4]. - The company must explain the reasons for the exit of founding shareholders like Tao Dan in 2017, their current investment activities, and any potential business overlaps with Juren New Materials [5]. Group 3: Special Investment Terms and Control Stability - The company needs to address the specific content of the special investment terms and the likelihood of their triggering, as well as the actual controller's ability to fulfill buyback obligations [6]. - The company must clarify the situation of shareholders from platforms like Yueyang Rongchuang and Yueyang Ronghao, including whether they are employees and the rationale for any equity incentives [6]. Group 4: Historical Shareholding and Control Assessment - The company is tasked with assessing whether Wang Hanyu is accurately recognized as the actual controller based on historical shareholding entrustment and special investment terms, and whether these factors affect the clarity of ownership and stability of control [7].