China’s leading e-cigarette flavor maker, Huabao International Holdings, announced on Jan. 24 that its chief executive officer and chairwoman, Chu Lam Yiu, is under investigation for “suspected disciplinary violations.” Huabao—a leading flavors maker for tobacco, e-cigarette, and condiments—is listed on the Hong Kong Stock Exchange. Its share price plummeted over 65 percent on Monday. The total market value of the company evaporated by HK$31.2 billion. Chu, dubbed “fragrance queen,” is infamous for her mysterious background. According to public data, Chu is from Sichuan Province in central China. After graduating from college in Beijing, she started a fragrance and flavor trading company, and later established Shanghai Huabao with her husband. Employees at Huabao have said that Chu keeps a low profile and seldom talks to the media. With a net worth of nearly $6 billion, Chu was ranked as the 21st richest woman in Hurun Report’s “Richest Self-Made Women 2021” list. Chu …