BRIEF-Metaverse Yunji Technology Says Suspicious Fund Flow In Bank Account Of Unit Of Co

Reuters2023-10-19

Oct 19 (Reuters) - Metaverse Yunji Technology Group Co

:

* SUSPICIOUS FUND FLOW IN BANK ACCOUNT OF UNIT OF CO

* AS AT 31 DEC 2021, BOARD DISCOVERED SEVERAL SUSPICIOUS MOVEMENTS IN BANK ACCOUNT BETWEEN 3 DEC 2021 AND 31 DEC 2021

* DISCOVERED 2 DEPOSITS INTO BANK ACCOUNT WITH AMOUNT OF AROUND HK$5 MILLION AND HK$13 MILLION FROM SAME UNKNOWN SOURCE

* DISCOVERED SEVERAL WITHDRAWALS OUT OF BANK ACCOUNT TO A FORMER CONTROLLING SHAREHOLDER OF CO, AMONG OTHERS

* CONFIRM CO HAS NO KNOWLEDGE ON PURPOSES REGARDING BOTH SUSPICIOUS DEPOSITS AND SUSPICIOUS WITHDRAWALS

* CURRENTLY UNDERGOING AN EXTENSIVE INVESTIGATION ABOUT SUSPICIOUS DEPOSITS AND SUSPICIOUS WITHDRAWALS

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