Chu Tianlong announced this evening that the company has recently received a notice from the family members of Mao Fangxiang, one of the company's actual controllers and the chairman of the board of directors. According to the documents of the Changping District Supervision Committee of Beijing, Mao Fangxiang has been investigated for suspected violations of the law and taken retention measures.
The announcement said that it was understood that matters related to Mao Fangxiang's being investigated and taken lien measures had nothing to do with the company.Up to now, the Company has not received any investigation or cooperation documents from competent authorities.The company received the resignation report from Mao Fangxiang's family on the same day. He applied to resign from the company's chairman, director, chairman of the strategy committee, member of the audit committee, and member of the remuneration and assessment committee for personal reasons. After resigning, he will no longer hold any position in the company and its subsidiaries.
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