Tianyu Digital Tech Director Guo Baichun Detained on Embezzlement and Power Abuse Charges

Deep News07-18

On July 18, Tianyu Digital Technology (Dalian) Group Co., Ltd. (002354) disclosed that director Guo Baichun faces criminal detention ordered by Ningxia Hui Autonomous Region People's Procuratorate. The allegations involve embezzlement of public funds and abuse of authority during his prior government tenure. Crucially, this matter remains entirely separate from the company's operations, constituting personal conduct unrelated to corporate affairs.

The firm affirmed its robust governance framework and efficient internal controls remain intact. Board and supervisory committee functions proceed normally without control shifts, while the mature management system continues operating effectively. This incident bears no material impact on daily production or business activities.

Financially, Tianyu Digital Technology posted Q1 2025 revenue of 485 million yuan with 5.24 million yuan in net profit attributable to parent shareholders.

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