Core Points - The actual controller and chairman of Wantong Development, Wang Yihui, has been detained by the Beijing police for investigation, as informed by his family [1][3] - The company stated that its board of directors is operating normally and that the business operations are not expected to be significantly adversely affected by this incident [3] - Wantong Development's main business activities include property asset management, real estate development and sales, and communication and digital technology [3] Financial Performance - For the first half of 2025, Wantong Development expects a net loss attributable to shareholders of between -33 million and -22 million yuan [3] - The company anticipates a net loss of between -75 million and -64 million yuan after deducting non-recurring gains and losses for the same period [3] - The expected losses are attributed to macroeconomic factors and a lack of significant improvement in market demand [3]