Gelonghui, May 28, 丨 Guao Technology (300551.SZ) announced that on May 28, 2024, the company received the Qinggong (2024) “Arrest Notice” No. 1008 from the family of the company's actual controller, Mr. Chen Chongjun. It was learned that with the approval of the Qingdao Municipal People's Procuratorate, the Qingdao Municipal Public Security Bureau arrested Chen Chongjun on May 24, 2024 on suspicion of manipulating the securities market.
Currently, the company is operating normally. Mr. Chen Chongjun is the actual controller of the company and does not act as a director, supervisor or senior management of the company. The arrests revealed this time will not have a significant impact on the company's daily operations.