Kangsheng Co. disclosed that its chairman and general manager Wang Yajun has been subjected to bail pending trial by judicial authorities, but this does not affect his ability to perform his duties. The company stated that after verification, the matter does not involve the company's production and operating activities, nor does it involve the company's business, assets, or any major matters that should have been disclosed but were not. As of the date of the announcement, Wang Yajun is able to perform his duties as chairman and general manager normally, the board of directors is operating normally, and all operational and management activities are proceeding in an orderly manner.
Zhe Jiang Kangsheng Co LtdChairman's legal issue is personal and does not affect company operations, but uncertainty remains.
