The chairman and secretary of the board were successively detained, and Zhongfu Information opened with a sharp decline. The company responded.
In early trading today, Zhongfu Information's auction dropped limit down, and then the decline narrowed. On the news front, Zhongfu Information announced last night that the company recently received a notice from the Shennongjia Forestry Area Supervisory Committee about the detention of the company's chairman and general manager Wei Dongxiao. Previously, the company's director, deputy general manager, and secretary of the board of directors, Sun Qiang, had been detained and investigated by the Supervisory Committee of Qiaokou District, Wuhan. In response to this, Zhongfu Information staff stated that both incidents were due to personal reasons, the company is unclear if there is any connection between the two incidents, and the company has not received any notice to cooperate with the investigation. The company has operations in Hubei, but it is unclear whether the above-mentioned incidents are related to its business.
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