Core Viewpoint - The Vice President of Dingxin Communications, Yuan Zhishuang, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected short-term trading of the company's stock, which is not expected to significantly impact the company's daily operations [2][4]. Group 1: Investigation Details - Yuan Zhishuang received a notice from the CSRC regarding the investigation based on the Securities Law and Administrative Penalty Law of the People's Republic of China [2]. - The investigation is focused solely on Yuan Zhishuang as an individual, and the company will cooperate with the CSRC during this period [4]. Group 2: Shareholding and Trading Activity - Yuan Zhishuang planned to reduce his shareholding by up to 2.16 million shares (0.34% of total shares) from November 6, 2025, to February 6, 2026, but had already reduced 610,000 shares by November 28, 2025, and intended to terminate the reduction plan early [4]. - As of the end of Q3 2025, Yuan held 8.65 million shares, making him the 10th largest shareholder of Dingxin Communications [4]. Group 3: Company Performance and Management Changes - Dingxin Communications has faced long-term pressure on its performance, with significant declines in revenue and substantial net losses reported for the first three quarters of 2025 [6][8]. - The company appointed Liu Min as the new chairman in May 2025, who has a background in the real estate industry and has been questioned by investors regarding his rapid promotion and effectiveness in the new role [7]. Group 4: Financial Summary - For Q3 2025, Dingxin Communications reported total revenue of 1.066 billion CNY, a year-on-year decrease of 52.71%, and a net loss of 336 million CNY, representing a year-on-year decline of 1,082.52% [8]. - The company's stock price as of January 16, 2026, was 7.44 CNY per share, with a total market capitalization of 4.852 billion CNY [9].