Group 1 - The core point of the news is that Wantong Development's chairman Wang Yihui is under investigation by the Beijing Public Security Bureau, but the investigation is unrelated to the company's daily operations [1] - Following the notification, the board of directors appointed CEO Qian Jinzhu to temporarily assume the responsibilities of the chairman and other related roles until Wang Yihui resumes his duties or a new appointment is made [1] - Wantong Development asserts that it has a robust corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team without significant adverse impact from the investigation [1] Group 2 - Wantong Development is progressing with its strategic transformation by acquiring a 62.9801% stake in Shuduo Technology for a total investment of 854 million yuan, which will make Shuduo a subsidiary included in the consolidated financial statements [2] - Shuduo Technology, established in February 2021, focuses on high-speed interconnect chip design and ASIC chip customization services, primarily for GPU data transmission, but has not yet achieved profitability [2] - Following the announcement of the acquisition, Wantong Development received an inquiry from the Shanghai Stock Exchange regarding the business model and financial sustainability of Shuduo Technology, highlighting potential operational risks [2]
万通发展:71岁董事长王忆会,被采取拘留措施