Lixin Sand Bridge accident ship involved in lease permit

According to US Stock Research Society, Tianyancha's business risk information shows that recently, Foshan Lianghui Shipping Service Co., Ltd. was fined RMB 30,000 and RMB 10,000 respectively by Foshan Transportation Bureau for illegally leasing administrative licenses and failing to truthfully record safety production education and training. The penalty details show that the party involved had obtained a water transport business license, and its vessel "Lianghui 688" had obtained the "Ship Business Transport Certificate". The actual owner and operator of the vessel is Pan XX. The party involved signed a vessel affiliation business contract with Pan XX, who leased the party's domestic water transport business license to conduct water transport business operations and should pay an affiliation fee of RMB 50,000 annually to the party involved. Pan Xialing has not yet paid the relevant fees. The party involved was found to have leased administrative licenses as stipulated in the "Domestic Water Transport Management Regulations". The original captain of the "Lianghui 688" vessel, Zhao XX, had his signature on the employee three-level safety education record form on October 17, 2022, forged by other administrative personnel of the party involved. The party involved was found to have violated the law by failing to truthfully record safety production education and training.

Foshan Lianghui Shipping Service Co., Ltd. was established in March 2021, with Zhang Bingrong as the legal representative and a registered capital of RMB 1 million, held by Zhang Bingrong and Lin Yunfen at 60% and 40% respectively. According to media reports, in February this year, the Foshan-registered container ship "Lianghui 688" collided with the Lixin Sha Bridge due to improper crew operation, causing the bridge deck to break and resulting in 5 fatalities.