Core Viewpoint - The case of Bu Mounshan, a former official convicted of bribery, being appointed as a senior executive in a state-owned enterprise raises serious concerns about compliance with national regulations regarding the appointment of executives in state-owned enterprises [1][2][7]. Group 1: Evidence of Misconduct - Bu Mounshan was sentenced to five years and six months in prison for bribery and was appointed as a senior executive at Taizhou Xiabei New Green Building Materials Technology Co., Ltd. after his release [1][2]. - Wang Zhili, the founder of Xiabei Company, reported this irregularity to various disciplinary inspection and supervisory authorities, highlighting that Bu's appointment contradicts the "Enterprise State-owned Assets Law" and "Regulations on Integrity in State-owned Enterprises" [1][7]. - Evidence indicates that Bu received a salary and bonuses for several years while holding this position, despite his claims of not being a "senior executive" [1][9]. Group 2: Company Background and Changes - Xiabei Company underwent its first mixed-ownership reform in December 2019, where Jindong City Investment acquired a 40% stake by investing 24 million yuan [4][26]. - Following the reform, Bu was appointed as the head of the marketing department shortly after his release from prison, which was formalized in a board resolution [4][26]. - In November 2022, during a second mixed-ownership reform, Jindong City Investment increased its stake to 55%, gaining control over Xiabei Company, and subsequently appointed Bu as a senior executive [5][26]. Group 3: Financial Performance and Challenges - Financial records show that Bu received over 580,000 yuan in salary and bonuses from 2020 to 2023, with the highest amount in 2022 reaching 250,000 yuan [9][29]. - The company's revenue has significantly declined from an average of over 20 million yuan annually before Jindong City Investment's control to only several hundred thousand yuan in the first half of 2025 [19][36]. - The company is facing severe operational challenges, including a complete shutdown and layoffs, as it struggles to maintain its business viability [19][36][40]. Group 4: Regulatory and Government Response - The local government has formed a task force to address the challenges faced by Xiabei Company, but there has been no substantial progress reported [21][40]. - The situation reflects a broader issue of distrust between private and state-owned enterprises, as indicated by the struggles of several mixed-ownership companies in the region [36][40].