HSSM(SZ:002290) Mei Ri Jing Ji Xin Wen·2025-10-13 16:21Core Viewpoint - He Sheng New Materials Co., Ltd. announced that its director Wu Haifeng is under investigation for illegal loan issuance, but this matter is personal and does not affect the company’s operations or control [1][2]. Company Overview - He Sheng New Materials specializes in the research, production, and sales of appearance composite materials for home appliances [2]. - The company has seen its stock price increase by over 140% year-to-date, reaching a peak of 42.96 yuan per share on October 13 [3]. Management and Governance - Wu Haifeng, born in November 1976, holds a master's degree from Fudan University and has held various senior positions in banking and asset management before becoming a director at He Sheng New Materials [2]. - Wu Haifeng has not received any remuneration from the company and does not hold any shares in He Sheng New Materials [2]. Recent Developments - He Sheng New Materials plans to invest 250 million yuan in Yizhi Electronics, which has a pre-investment valuation of 2.25 billion yuan, aiming to acquire a 10% stake [2]. - Yizhi Electronics is one of the few companies in China that has commercialized ARM server processor chips, with products targeting AI and cloud computing applications [3]. Shareholder Activity - On October 9, key executives, including the chairman and general manager, collectively reduced their holdings by approximately 167,300 shares, representing 0.0675% of the company's total shares [3].