YONGYUE(SH:603879) Zheng Quan Shi Bao Wang·2025-09-14 11:45Core Viewpoint - Yongyue Technology (603879) announced that its actual controller, Chen Xiang, has been placed under residential surveillance due to an investigation related to the violation of information disclosure regulations [1] Company Overview - Yongyue Technology was established in 2011 and primarily engages in the research, production, and sales of synthetic resins, mainly unsaturated polyester resin (UPR) [1] - The company has expanded into the drone industry by establishing a wholly-owned subsidiary, Yancheng Yongyue Intelligent Equipment Co., Ltd., in Dafeng District, Yancheng City, Jiangsu Province in 2022 [1] Recent Developments - Chen Xiang is currently not holding any position as a director, supervisor, senior management, or any other role within the company, and the company's daily operations are proceeding normally [1] - Chen Xiang has faced multiple issues over the past year related to information disclosure violations, including being subjected to administrative penalties and market bans [1] Shareholder Information - As of June 30, 2025, Yongyue Technology had 21,540 shareholders, an increase of over 10,000 compared to the end of the first quarter of 2025 [1] - As of September 12, 2025, the market capitalization of Yongyue Technology was 2.3 billion yuan [1]