The Chairman of the Board of Directors of Haichang Ocean Park (02255), Yu Faxiang, has been taken criminal coercive measures for alleged crimes. The company's production and operation are all normal.

date
23/12/2025
Wisdom Financial News App: Hai Chang Ocean Park (02255) announced that on December 22, 2025, the company received notification from the family of Mr. Yu Faxiang, Chairman of the Board of Directors, Executive Director and CEO of the company, that Mr. Yu Faxiang was suspected of committing a crime and has been taken into criminal custody by the Shaoxing Public Security Bureau. The case is currently under investigation. As of the date of this announcement, the company has not received any notification from the relevant authorities requesting assistance with the investigation, and there has been no change in the company's control. Apart from this announcement, the company's directors and senior management are performing their duties as usual, and the company's operations are all normal. It is expected that these matters will not have a significant impact on the group's normal operations. Mr. Yu Faxiang intends to entrust Mr. Ouyang Ming, an executive director of the company, to act as Chairman of the Board of Directors, Executive Director and CEO until further notice.