Zhejiang Zhenyuan: Director and Vice General Manager Wei Min is placed under investigation.

Zhejiang Zhenyuan announced that the company received a "Detention Notice" and a "Case Filing Notice" from the supervisory authority on April 16, 2026. The company's director and deputy general manager, Wei Min, is under investigation and has been placed in detention. As of the date of the announcement, the company has made appropriate arrangements for the work Wei Min was responsible for. Directors and other senior management are performing their duties normally, and the company's production and operation are unaffected. Currently, the company has not been informed of the progress or conclusion of the investigation.