Wavelength Optoelectronics: The chairman is on bail pending trial for involvement in a case, and the company's operations are temporarily unaffected.
Wavelength Optoelectronics announced that on June 18, the company was informed by Chairman Huang Shengdi that the Shanghai Customs Anti-Smuggling Bureau decided on June 17 to release him on bail pending trial. Huang Shengdi is one of the actual controllers of the company, does not directly hold shares, and is married to the controlling shareholder Zhu Min. He is currently able to perform his duties normally. The case is related to some of the company's products falsely reporting the material of exported goods, with this type of business accounting for a limited proportion of revenue. It does not affect the company's ongoing operations, and the specific impact on the financial statements cannot be determined for now. The company will cooperate with the investigation and disclose any progress in a timely manner.
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