Core Viewpoint - The article reports on the sentencing of Chen Chongjun, the former controlling shareholder and actual controller of Guoao Technology, to six years in prison for manipulating the securities market, along with a fine of 4 million RMB. The company asserts that this judgment, being a personal action of the shareholder, will not significantly impact its operations [1][6]. Group 1 - Chen Chongjun was sentenced to six years in prison and fined 4 million RMB for securities market manipulation [1][6]. - The judgment is a first-instance ruling and has not yet taken effect; there is uncertainty regarding the final outcome if an appeal is filed [6]. - Guoao Technology claims that the ruling pertains to a personal action of the former shareholder and will not adversely affect the company's production and operations, which are currently normal [6]. Group 2 - Chen Chongjun, born in 1968, is the founder of Guoao Technology and previously held the positions of chairman and general manager [7]. - He resigned as general manager in October 2021 and was no longer a board member or chairman after May 2023 [7]. - The company changed its actual controller to Xu Yinghui on December 14, 2023, and has liabilities exceeding 450 million RMB [7].