Power Xinchen (01148) announced that the company's executive director and chairman of the board of directors, Wu Xiaoan, was notified by the ICAC on June 24, 2024, and the ICAC has completed its investigation of Wu Xiaoan and confirmed that no further action will be taken against him. Wu Xiaoan was unconditionally released on bail on June 24, 2024, and the case has now been concluded. The company is pleased to hear of this favorable outcome.
Smart Finance APP News: Power Xinchen (01148) announced that the company's executive director and chairman of the board of directors, Wu Xiaoan, was notified by the ICAC on June 24, 2024, and the ICAC has completed its investigation of Wu Xiaoan and confirmed that no further action will be taken against him. Wu Xiaoan was unconditionally released on bail on June 24, 2024, and the case has now been concluded. The company is pleased to hear of this favorable outcome.
The investigation did not have a significant adverse impact on the group, and during the investigation period, the group's business and operations remained normal. Wu Xiaoan has always performed his duties as chairman of the board and executive director with due diligence at all important times.