July 10, 2017, 23:17

Author: Li Shouren

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Editor: Oriental Fortune Network

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Summary
A code for the "DOLV" powder single shell company announced with the Chinese company
Zhong Ji Ming foreign merger, suddenly in the last two months, the highest soaring stock
prices more than 10 times, by domestic and foreign investors.

To the delisting company, "cents shares" mainly in the US OTC market - powder single
market (OTC pink) recent undercurrent.

A code for the "DOLV" powder single shell company announced with the Chinese company
Zhong Ji Ming foreign merger, suddenly in the last two months, the highest soaring stock
prices more than 10 times, by domestic and foreign investors.

This makes the outside world can not help but wonder, claiming to engage in new
energy electric vehicle production research and development of Zhong Ji Ming Yang is what
kind of company? What is the level of its electric car R & D? The acquisition of powder
single market shell company is out of what kind of consideration?

In this regard, the Securities Times reporter through the investigation to

understand, and DOLV disclosure of information there is a little out of the way, Zhong Ji
Ming Yang is currently only mass production of low-speed electric vehicles, high-speed
SUV electric car is still in the research and development phase; Ji Ming foreign official
website, DOLV annual report and other channels announced high-speed SUV electric car-
related parameters have not been certified by the national authority of the certification
body.

At the same time the reporter found that in Shenzhen Jinbo Investment Holding Group
(referred to as the Jinbo Group) shares in the Ji Ming Ming Yang a month later, Zhong Ji
Ming Yang will open the pace of operation of a single powder market, and later also
included in the new energy sector Jinbo Group; , Jin Bo Group claimed that the nine plate
layout and business model has made some outside smoke and mirrors.

"Powder stocks" why soaring?

Looking back at the above merger transaction, according to DOLV (Dolat Ventures, Inc)
in April this year, announced in the annual report of 2016, Zhong Ji Ming foreign
lawmaker Wang Dequn in the acquisition of DOLV company 30 million shares preferred stock
(preferred shares per share convertible into 2500 Shares of ordinary shares, that is, a
total of 750 million shares), in December 2016 was DOLV's controlling stake. And, in the
month, DOLV acquired the company (JB & ZJMY).

Securities Times reporter through the days of eye examination data show that Zhong Ji
Ming Yang called Zhong Ji Ming Yang New Energy Technology Co., Ltd., the company in March
2015 incorporated in Beijing. To November 17, 2016, the company shareholders to change,
Jinbo Group and Wang Dequn shares, corporate representatives from Han Zhiming changed to
Wang Dequn.

At present, Zhongji Ming foreign shareholders were Han Zhiming, Jinbo Group, Wang
Dequn, the proportion of shares were 48%, 31% and 20%; further inquiries, Jin Bo Group
for Wang Dequn holding, its holding ratio of 95% , Both of which control the Zhongji Ming
foreign 51% of the shares; that is, Wang Dequn for the real control of Zhongji Ming Yang.

According to the reporter observed, DOLV acquisition of Zhong Ji Ming foreign news
published in April 2017 published in the annual report, in the powder market, DOLV shares
from 0.01 US dollars / share start in early May hit a maximum of 0.129 US dollars, or
near 12 times; thereafter so far, stock prices are volatile.

DOLV annual report did not disclose the current shares of Wang Dequn; data show that
nearly a year DOLV price fluctuations in the actual range of 0.0001-0.129 US dollars /
share; if only 0.01 US dollars / share estimates, and preferred shares converted into
ordinary shares , The total cost of the shares of about 7.5 million US dollars;
theoretically about a month to calculate the floating profit was as high as 90 million US
dollars.

So, Zhongji Ming Yang what is unique, so this acquisition in the powder single market
widely sought after?

DOLV annual report disclosed that Zhong Ji Ming Yang currently developed a named
Zhongji Ming Yang V3 SUV electric vehicles, to charge once reached 600 km of life.

In addition, Zhongji Ming Yang official website and related high-level external
claims that the electric car shape and body with Chery wing wing V3 (SUV) to build,
integrated conditions mileage of 500 km, constant speed (60km / h) mileage of 600 Km, and
at the end of last year will be declared "the Ministry of Industry and new energy car
directory life of the longest electric car."

What is the truth? What is the reliability of the relevant parameters? Reporters on
this in-depth investigation.

SUV car has not been authorized authority department

Securities Times reporter through the past the Ministry of Industry and the Ministry
of Industry this year from January to July, "new energy vehicles to promote the use of
recommended models directory" and the past directory to understand, Zhong Ji Ming Yang V3
is not among them.

"Ministry of Industry will organize the relevant agencies and experts to review and
reply, through the new energy vehicles to the directory.For the relevant parameters of
the car, check the strict, on the directory of the car parameters credible is higher, but
not on the directory Of the car, it is difficult to verify and determine its published
parameters. "New energy vehicles in the field of researchers to the Securities Times
reporter pointed out that the Ministry of Industry every two months in the official
website announced a number of catalogs.

Reporters have sent a letter to the Zhong Ji Ming Yang, hope to understand "Zhong Ji
Ming Yang V3 is on the Ministry of Industry and new energy car directory, the current
progress of how", "published models parameters are authorized by the technical department
certification" and so on. In this regard, Zhongji Ming foreign side replied, "V3 (SUV) in
the research and development stage; is actively with the national authority to verify the
organization before the certification."

According to a reporter to investigate, DOLV originally planned by changing its name

to "JB & ZJMY" (Jin Bo & Zhong Ji Ming Yang, real Zhong Ji Ming Yang company) to reflect
the current new business portfolio. However, perhaps the stock price changes, or related
information disclosure and other reasons caused by regulatory concerns, renamed the
matter temporarily encountered obstacles.

Zhong Ji Ming Yang confirmed to reporters, for renaming matters, "the US powder
single market regulators FINRA (US Financial Industry Authority) on the company's
application for a more rigorous and meticulous review, resulting in increased workload,
time is now waiting for the formal notice of the relevant departments. "

Talk about why choose to buy powder single shell company? China's current operating
scale and corporate governance structure can not meet the conditions for IPO in the
United States; as the future also plans to expand overseas markets, the company first
landing powder single market (one of the US OTC market).

"The OTC market (OTC market) consists of an innovation floor (OTCBB) and OTC Markets
Group (OTC Markets Group) three base layer." Wuhan University of Science and Technology
Professor Dong Dengxin told the Securities Times, OTC market group The three base layers
are OTCQX, OTCQB and OTC Pink, respectively.

The relevant definition shows that OTC Markets's function is for those who choose not
to be on the American Stock Exchange or NasdaqIPO, delisting or do not meet the
conditions listed on the company to provide trading quotation services. Among the three
layers, OTCQX is the higher-level OTC market, where companies need to disclose the latest
information and meet the minimum financial standards. Companies traded on OTCQB need to
report to the US Securities and Exchange Commission (SEC) and disclose the latest
information.
 DOLV's OTC Pink is divided into lower grades due to the lesser and less timely
disclosure of listed companies. Which listed companies do not set the minimum financial
standards, mostly in the penny stocks (penny stocks), shell companies and troubled
problem-based companies, and incomplete information, so the official website of the
official announcement in the relevant statement strongly recommended investors in the
Before investing in decision-making, act carefully and thoroughly study the company.

However, the information disclosed by Zhongji Mingyang official website may be

confused with the concept of listing and listing the OTC market. One of the web pages
shows the title "Jin Bo Zhong Ji Ming Yang US listed the world's first stop road in Inner
Mongolia" The

Low speed car sales are unknown

Reporters received the relevant documents also show that Jin Bo Group in January this
year to 1 US dollars per share to the sale of Zhongji Ming foreign shares; the price and
Zhong Ji Ming Yang in the powder single market listing price far from each other.

In this regard, Zhong Ji Ming foreign side is denied, it said: "The company did not
sell the original shares, but the internal staff of the incentive mechanism of a
discussion program, if passed, will be the way to encourage the incentive to carry out.
Ji Ming Yang is still in this program of legal compliance to discuss and adjust. "

According to the DOLV Annual Report, Zhong Ji Ming Yang's unaudited financial results
showed that the shareholders' equity was US $ 8.699 million and the total liabilities
were US $ 4.21 million. The total assets of the Company were US $ 921,000, of which the
current assets were US $ 764,600. Profitability is not disclosed.

According to Zhong Ji Ming Yang gave a letter to the introduction of the company in
addition to high-speed electric car SUV in the research and development stage, and
another low-speed electric car sales have started.

Public information in recent years, China's low-speed electric vehicles quietly

rising, the main origin in Shandong, Henan, Hebei, speed 40-60km / h, priced at more than
1 million -4 million; buyers concentrated in the township, Mainly in the elderly, and no
driver's license were mostly; because China has not the same as the EU and the United
States low-speed car production standards, the relevant policies have yet to be
improved.At present, Redding, Li Chi, Yu Jie, the top 10 companies in the market share of
more than 60%, the industry is entering the shuffling period, backward production
capacity gradually out of the market.

Zhong Ji Ming foreign side is not disclosed in the letter of its low-speed electric
car overall sales situation.

It is noteworthy that Jinbo Group in June 24th in Nanning, Guangxi held a "new
generation of electric car press conference and wealth forum." According to the
Securities Times reporter learned that in this forum, in addition to the above-mentioned
Zhongji Ming foreign low-speed electric car presented the relevant unit ceremony, there
is no further information on the development of high-speed electric vehicles related to
the development of information The

Instead, the majority of time for several hours of the conference, for the Jinbo
Group L lecturer L to the participants to promote its name as Amoy Hui's electrical
business members (joined) investment platform. According to lecturer L introduction, to
become Amway Huicheng members have two ways:

(1 million yuan), municipal agents (200 million) and provincial agents (300 million);
joined the regional agents can be obtained by the regional agents, All kinds of related
income under the jurisdiction of the share.

The second is to join the new business alliance (new e-commerce platform) platform,
divided into a shop, two shops, three shops, respectively, need to pay 10,000 yuan,
50,000 yuan, 100,000 yuan margin; Among them, one, two, three store deposit will be
gradually refunded within 10 months, and related gifts, 10 months later, will be given
additional subsidies, and regardless of whether the merchant sell products, will give
subsidies, are "stable Do not lose ", but the number of specific subsidies will need to
communicate after the exchange.
 Another Jin Bo Group related lecturer Y in private communication with investors
introduced the subsidy program: to a shop, for example, store deposit into 10,000 yuan,
the company returned to the customer every month 1,100 yuan, will continue to return 14
months (Margin + subsidies for a total of 15,400 yuan); two shops, shops deposit 50,000
yuan, the company returned to customers every month 5500 yuan, a continuous return of
about 19 months (margin + subsidies total of 104,500 yuan) ; Three stores to invest
100,000 yuan deposit, the company returned to the customer every month 11,000 yuan, 29
consecutive months to return (margin + subsidies totaling 319,000 yuan) so far.

How does high subsidy last?

"Jinbo Group to build one million users of the mobile Internet platform, it is the
stage of the subsidy, the user cast more earn more, so the opportunity is now the user
has reached hundreds of thousands of scale, after the subsidy efforts may decline
"Instructor Y to the investor, said that if the members of the investment to reach a
certain size, such as 200,000 yuan, and then introduce others to join, you can also get
additional commission.

If the simple estimate, according to 500,000 member users as the base (Jinbo Group
official website in May press release has disclosed its users for 500,000), to invest
only 1 million per person, for example, the total investment of member users can be as
high as 5 billion yuan, if the calculation of maturity after the deposit + subsidy of the
total value is even more staggering.

The face of one to two years to double the high subsidies, can not help but make a
curiosity on the Jinbo Group. Is the pattern of high subsidy above true? What is the
strength of Jinbo Group itself? Where does the cash flow come from? What is the role of
Zhongji Ming Yang in Jinbo Group?

According to a press survey, Jinbo Group called "Shenzhen Jin Bo Investment Holding
Group Co., Ltd.", was established in September 2014, Wang Dequn holds 95% of the shares
of the company. The main business scope of enterprises, including information technology
products, communications tools, technology development, technical advice.
 Set up less than three years of the Jinbo Group, described in the online business
model, said, "Jinbo Group, has created a commercial ecosystem, which, 'Jin Bo Si Maier
New Business Alliance' as a business center, through Huaan payment to connect other
business, so that businesses through Amoy Huo O2O business platform sales of products, at
the same time, shake the tree to pay the terminal to help businesses safe and easy to use
the network payment.

Relevant publicity materials also show that, which is the development of mobile
financial terminal product development, production, sales, service and financial platform
clearing, financial business consulting as one of the high-tech mobile Internet financial
platform services products.

Talking about the scale, Jinbo Group official website released in May this year, a
news, currently has dozens of subsidiaries, more than 200 agents nationwide, more than 40
operations center, more than 50 million end users.

(Hereinafter referred to as "Si Maier Global Technology"), Shenzhen Huaan Payments

Technology Co., Ltd. (hereinafter referred to as "Huaan payment"), Shenzhen Huamai Global
Technology Co., Ltd. (hereinafter referred to as "Si Maier Global Technology"), Shenzhen
Huaan Payment Technology Co., Ltd. (hereinafter referred to as "Huaan payment"), Shenzhen
An Amoy Technology Co., Ltd., Shenzhen shake the tree Technology Development Co., Ltd.
and other companies, these companies were established in May 2014 to February 2015, the
legal representative of Wang Dequn.

How to play nine plates?

Further inquiries learned that Wang Dequn currently more than 60 companies on behalf
of the legal representative, of which more than 40 companies located in Guangdong, more
than 10 companies registered in Beijing.

According to the reporter to understand, Wang Dequn (commonly used as "Wang Jinlai"),
Jin Bo Group Chairman, the company promotional materials show that "the military origin,
participated in the more combat, senior investment and financing experts, with rich
experience in capital operation, Professional research mobile payment more than ten years
".

Jinbo Group executives, lecturers have announced the future of the Group's three
goals: first, to build one million users of the mobile Internet platform; second, to
achieve the market value of 100 billion mobile Internet listed companies; To build the
scale of the multinational payment group.

From the Jinbo Group official website declared nine layout, mainly related to "new
electric business platform (referred to as the new business alliance), mobile payment,
new mobile intelligent terminal, big financial, large data, big agriculture, big health,
large Culture, new energy "and so on, almost all of the most popular areas of the
industry, including" Zhong Ji Ming Yang "is designated in the" new energy "plate.

However, it is a little puzzling is that quite seriously to Coquimbo group of mobile

payment services - "Hua pay" for example, reporters in the Chinese People Yinxing(Central
bank) website found that the current license, including Alipay, TenPay, fast money,
including more than 200 payment agencies, but failed to query the "Huaan payment" figure.

According to the survey, in the Jinbo Group nine plate layout, in addition to Zhong
Ji Ming Yang is the capital operation, the Smyr Global Technology was in March 2016
listed before the sea equity trading center (commonly known as "new four board" ), But
the outside world can not be further in the trading center to see the company related
information. Relevant person in the trading center is back to reporters that this is due
to Smyr is still in the "editor" state.

At this point, outside concerns have not yet dispelled. The establishment of less
than three years of Jinbo Group, how can play nine plates? What are the business models
of the plates? How is it profitable? Which plates act as cash flow for the group? Support
millions of target user subsidies from where the funds come from? These are difficult to
verify from the public information, which, Securities Times reporter will continue to
maintain concern.

PS: Beware of industrial cake, the stock market realized the old routine.
(The original title: Industrial painting stock market realized that the United States to
buy shell shares soared 10 times in the Ming-ming, "the stone into the gold medal
suspense to be solved)