On September 11, 2026, the Second Intermediate People's Court of Shanghai publicly ruled in the case of embezzlement and bribery of Zhou Jun, former president of Shanghai Industrial Co., Ltd., in the first instance. Defendant Zhou Jun was sentenced to death for embezzlement, suspended for 2 years, stripped of his political rights for life, and confiscated all personal property; the crime of taking bribes was sentenced to 12 years in prison and a fine of RMB 2 million yuan. The execution was suspended for 2 years, stripped of political rights for life, and confiscated all personal property; the illegal proceeds and proceeds were recovered and returned to the treasury or distributed separately. The victim unit continues to recover or order the missing parts Refund. The trial revealed that from 2019 to 2023, defendant Zhou Jun used the convenience of his position as president of Shanghai Industrial Co., Ltd. to embezzle public property with others, totaling more than RMB 154 million. From 2006 to 2023, defendant Zhou Jun used the convenience of his position as the general manager and chairman of Shanghai Galaxy Digital Investment Co., Ltd., vice chairman and CEO of Shanghai Industrial Holdings Co., Ltd., and vice president and president of Shanghai Industrial Co., Ltd., to help others with matters such as corporate investment, business activities, and project settlement, etc., and received assets worth a total of more than RMB 21.51 million. The Shanghai No. 2 Intermediate People's Court found that defendant Zhou Jun, as a state official, used the convenience of his position to embezzle public property. The amount was extremely large, and his actions already constituted a crime of corruption; he also used the convenience of his position to illegally accept other people's property alone or in cooperation with others to obtain benefits for others. The amount was particularly large. His actions also constituted the crime of taking bribes, and should be punished and punished in accordance with law. Defendant Zhou Jun embezzled a particularly large amount of money and caused a particularly heavy loss to the interests of the country and people. The above judgment was handed down in accordance with the law, taking into account the facts of the crime, the nature, circumstances, and degree of harm to society.

On September 11, 2026, the Second Intermediate People's Court of Shanghai publicly ruled in the case of embezzlement and bribery of Zhou Jun, former president of Shanghai Industrial Co., Ltd., in the first instance. Defendant Zhou Jun was sentenced to death for embezzlement, suspended for 2 years, stripped of his political rights for life, and confiscated all personal property; the crime of taking bribes was sentenced to 12 years in prison and a fine of RMB 2 million yuan. The execution was suspended for 2 years, stripped of political rights for life, and confiscated all personal property; the illegal proceeds and proceeds were recovered and returned to the treasury or distributed separately. The victim unit continues to recover or order the missing parts Refund. The trial revealed that from 2019 to 2023, defendant Zhou Jun used the convenience of his position as president of Shanghai Industrial Co., Ltd. to embezzle public property with others, totaling more than RMB 154 million. From 2006 to 2023, defendant Zhou Jun used the convenience of his position as the general manager and chairman of Shanghai Galaxy Digital Investment Co., Ltd., vice chairman and CEO of Shanghai Industrial Holdings Co., Ltd., and vice president and president of Shanghai Industrial Co., Ltd., to help others with matters such as corporate investment, business activities, and project settlement, etc., and received assets worth a total of more than RMB 21.51 million. The Shanghai No. 2 Intermediate People's Court found that defendant Zhou Jun, as a state official, used the convenience of his position to embezzle public property. The amount was extremely large, and his actions already constituted a crime of corruption; he also used the convenience of his position to illegally accept other people's property alone or in cooperation with others to obtain benefits for others. The amount was particularly large. His actions also constituted the crime of taking bribes, and should be punished and punished in accordance with law. Defendant Zhou Jun embezzled a particularly large amount of money and caused a particularly heavy loss to the interests of the country and people. The above judgment was handed down in accordance with the law, taking into account the facts of the crime, the nature, circumstances, and degree of harm to society.