Richful Holdings (00607): Public security authorities ruled out misuse of 6.64 billion yuan in funds.

Wisdom Finance APP News, Fengsheng Holdings (00607) announced that today, the Jiangning Sub-bureau of Nanjing Public Security Bureau in Jiangsu Province, China, as the investigating authority, accepted the case reported by China High Speed Transmission's wholly-owned subsidiary, Nanjing High Precision Transmission Equipment Manufacturing Group Co., Ltd. (the reporter), involving a total of 6.64 billion RMB of related accounts receivable and prepaid items suspected of embezzlement. The Chinese criminal investigation agency conducted an investigation and received two directors of the company and lawyers from the Shanghai branch of Beijing Jindu Law Firm. They clarified the following points: 1. After the investigation by the public security agency, it was confirmed that the embezzlement of funds involving 6.64 billion RMB reported by the company and the reporter was not related; 2. None of the company's directors and executives were involved in the embezzlement of funds reported by the reporter; and 3. The public security agency has provided a written response to the case investigation results to the reporter last week.