China High-Speed Transmission Equipment Group Co. Ltd. has issued a voluntary announcement regarding shareholder activism following a requisition by Five Seasons XVI Limited and Five Seasons III Limited. The Company's board, chaired by Hu Jichun, reiterated concerns that the "Second Requisition" by these shareholders is contrary to the interests of the Company and all its shareholders. The Board emphasized its commitment to protecting shareholder interests and highlighted the Group's progress and contributions to China's new-energy strategy. The announcement also referenced ongoing civil action against Fullshare Holdings and individuals including Ji Changqun and Fang Jian, aimed at recovering company losses. The Board questioned the necessity of a proposed "independent investigation" by potential new directors linked to Fullshare, noting that an investigation by the Company's Independent Investigation Committee has already been completed. The Board, with legal counsel, is considering all available options and will provide further updates as appropriate. Shareholders and investors are advised to exercise caution when dealing in the Company's securities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China High-Speed Transmission Equipment Group Co. Ltd. published the original content used to generate this news brief on October 12, 2025, and is solely responsible for the information contained therein.
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