HSSM(SZ:002290) Zhong Guo Ji Jin Bao·2025-10-13 15:16Core Viewpoint - The board member of He Sheng New Materials, Wu Haifeng, has been detained for allegedly issuing illegal loans, but the company asserts that this matter is unrelated to its operations and will not significantly impact its business activities [2][4]. Company Overview - He Sheng New Materials announced that the investigation into Wu Haifeng is personal and does not affect the company's control or board operations, which remain normal [4]. - The company confirmed that its production and business operations are functioning normally and that it will continue to monitor the situation and comply with legal disclosure requirements [4]. Background of Wu Haifeng - Wu Haifeng, born in November 1976, has a master's degree and previously held various positions in the banking sector, including roles at the Industrial and Commercial Bank of China and Guangdong Nanyue Bank [4][5]. - He has been the president of Fushang Group since 2019 and became a board member of He Sheng New Materials in April 2024 [5]. Recent Developments - In March 2023, Wu Haifeng was elected as the vice president of the sixth council of the All-China Mergers and Acquisitions Association [6]. - In August 2023, He Sheng New Materials announced that Wu Haifeng planned to increase his shareholding in the company by investing between 10 million and 20 million yuan, reflecting his confidence in the company's future [6].