Pingming Technology Controlling Shareholder Mo Xujun Investigated by CSRC for Suspected Securities Market Manipulation

Deep News11-03 17:51

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Due to suspected securities market manipulation, Pingming Technology's controlling shareholder and actual controller, Mo Xujun, has been placed under investigation by the China Securities Regulatory Commission (CSRC).

On November 3, Pingming Technology disclosed an announcement stating that the company's controlling shareholder and actual controller, Mo Xujun, recently received a "Notice of Case Filing" issued by the CSRC. The CSRC decided to open an investigation into Mo Xujun on suspicion of manipulating the securities market.

Pingming Technology stated that this case filing is a personal investigation into Mo Xujun. Apart from serving as the company's honorary chairman, Mo Xujun holds no other positions at the company and does not participate in its daily operations and management. This case filing is unrelated to the company's operations and business activities and will not have a significant impact on the company's operations. The company's production, operations, and financial condition remain normal.

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