On March 25, 2002 (February 12, 2002 in the lunar calendar), Li Yaoqi was sentenced to death for wanton embezzlement of state-owned assets. On March 25, 2002, the Intermediate People's Court of Haikou City, Hainan Province issued a first-instance public verdict on the corruption case of Li Yaoqi, the former chairperson of Hong Kong-Macao International (Group) Investment Co., Ltd. and the former chairperson of Hainan International Investment Group Co., Ltd., and sentenced Li Yaoqi to death, deprivation of political rights for life, and confiscation of all personal property. The court found out that between October 1992 and July 1997, Li Yaoqi took advantage of his position and used various means to commit crimes alone or in collaboration with others to embezzle, privately divide and misappropriate the assets of state-owned enterprises for his personal stock speculation, investment and squandering. Among them, the embezzled public funds totaled more than 61 million yuan, Hong Kong dollars over 1.5 million yuan, privately divided state-owned assets totaled more than 4.1 million yuan, and misappropriated public funds totaled HK dollars 4.90 million yuan. The court held that Li Yaoqi, as the main leader of a state-owned enterprise, wantonly embezzled state-owned assets, and his actions constituted the crime of embezzlement, the crime of misappropriation of public funds, and the crime of privately dividing state-owned assets, and the amount of embezzlement was particularly huge, and the circumstances were particularly serious. Therefore, Li Yaoqi was sentenced to death for the crime of embezzlement according to law, deprived of political rights for life, and sentenced to confiscation of all personal property; sentenced to 12 years in prison for the crime of misappropriation of public funds; sentenced to 4 years in prison for the crime of privately dividing state-owned assets, and fined RMB 30,000 yuan; decided to execute the death penalty, deprived of political rights for life, The Haikou Intermediate People's Court also sentenced the other five defendants in the same case: Li Jianqiang, former general manager of Hong Kong Dongzhan Industrial Co., Ltd. to death for the crime of corruption, suspended execution for 2 years, deprived of political rights for life, and confiscated all personal property; Su Guohua, former general manager and vice chairperson of Hainan International Trust and Investment Group company, was sentenced to 15 years in prison for the crime of corruption, and confiscated personal property of RMB 100,000 yuan; Huo Wenming, former vice chairperson of Hainan International Trust and Investment Group Co., Ltd. was sentenced to 13 years in prison for the crime of corruption and the crime of privately dividing state-owned assets; Zhang Chengguang, former vice chairperson of Hainan International Trust and Investment Group Co., Ltd. was sentenced to 13 years in prison and confiscated personal property of RMB 80,000 yuan for the crime of privately dividing state-owned assets Pan Maoliang, general manager of the joint stock company, was sentenced to three years in prison and fined 20,000 yuan.