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36 Krypton learned that Kuajietong announced that the company recently learned from the public security organs that the company’s former chairman and general manager Xu Jiadong (resigned in May 2021) has been investigated by the Wanbailin Branch of the Taiyuan Public Security Bureau for alleged occupational occupation. After his resignation, the company discovered that he had committed a crime against the company’s interests during his tenure, which has been investigated and verified by the public security organs. The specific amount and persons involved are yet to be finalized by the relevant departments. At present, the company’s various production and operation activities are normal. The company’s board of directors will fully cooperate with relevant departments in the review of the above-mentioned cases, and try its best to recover the company’s losses. The impact on the company is currently uncertain.
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