"Development is the last word", and Li He knows this well. Since 1980s, he has developed new products such as "Wanbao" jacket through market research, and has achieved great success in Beijing, Shanghai, Harbin and other cities. 1988, Li joined hands with a gang affiliated to Shanghai Garment Import and Export Corporation and began to enter the international market. The enterprise has made new development, and Li attaches great importance to product quality. While strengthening employees' quality awareness, he formulated specific standards. From auxiliary materials, cutting, semi-finished products to finished products and product packaging, there are standards to follow and rules to follow, ensuring that the qualified rate of products is improved to over 99%. Li also believes that the company must rely on scientific and technological progress to make great progress and sustainable development. In recent years, first-class clothing experts have come to the factory for guidance, which has played a positive role in improving product quality and developing new products, and laid a foundation for the further development of enterprises. At the same time, Li diversified, introduced foreign first-class printing equipment, and established Laizhihua Printing Company as a joint venture, becoming one of the few enterprises in China to print VAT invoices.
Since February 2009, Li, the actual controller of Jiulongshan, has cashed in 500 million yuan. On July 6, 2009, 19, Jiulongshan announced that from June 6 to July 6, 2009, Li, the actual controller of the company, reduced his holdings of 13298400 A shares and 30209400 B shares through his four companies. Based on the weighted average price of A shares and B shares in Jiulongshan during this period of time of 9.45 yuan and 0.70 1 USD, Li's current cash is about 270 million yuan. Previously, from February to June, Li cashed in about 230 million yuan through the secondary market and block trading platform.
In February 2009, Lisi Company acquired 1.325 1 billion A shares and 1.7676 million B shares held by Matsuoka Co., Ltd. of Japan. In this transaction, the price of A shares is 3.29 yuan, and the price of B shares is 0.29 US dollars, which is far lower than the price that Li subsequently reduced. Subsequently, Matsuoka Co., Ltd. of Japan acquired 28.5 million B shares of Jiulongshan held by RESORTPROPERTY actually controlled by Li at a price of $0.653 per share. Between the round trip, Li earned nearly 100% profit. "Part of the cash will be used to pay the consideration of equity transaction with Matsuoka Co., Ltd., and the other part will be used for listed companies." Chen Haiyan, the representative of Jiulongshan Securities Affairs, told the reporter. The reporter learned that this part of the funds will be lent to listed companies through zero-interest loans.