Coolpad Group Independent Director Guo Jinghui Under Investigation by Shenzhen Supervisory Commission

Stock News03-25

Coolpad Group (02369) announced that, according to a notice from the Shenzhen Supervisory Commission of China, the company's Independent Non-Executive Director, Mr. Guo Jinghui, is currently subject to a case investigation by the Commission and has been placed under lien measures. At the time of this announcement, the company has not received any request from the Commission to assist in the investigation or provide any information, and the business operations of the group remain normal. Apart from serving as an Independent Non-Executive Director of the company, Mr. Guo is also a member of the company's Audit Committee and Remuneration Committee. He does not hold any other positions within the company and is not involved in its daily operations or management. Other directors and senior management of the company are performing their duties normally, and the aforementioned matter is not expected to have a material impact on the company's operations and business activities. The company's Board of Directors is currently assessing the situation and will consider making necessary arrangements regarding Mr. Guo's current roles and responsibilities.

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