The chairman of Seeming Technology has been placed in custody, and the company said there is no business relationship with Jiangsu Banbutang.

WorldName Technology announced last night that the company's actual controller, chairman, and president, Lu Yong, has been taken into custody. The announcement stated that Lu Yong was placed in custody due to matters related to Jiangsu Banbutang Real Estate Co., Ltd., and that this custody is related to Lu Yong's personal affairs and has no relation to the company. In early trading on the 29th, WorldName Technology fell by over 8%, and as of the time of publication, it had fallen by over 7%. On that day, a journalist called the company as an investor, and a representative of the securities department said, "The chairman's case is not related to the listed company, it is a personal matter." The person also stated that Jiangsu Banbutang has no business dealings with WorldName Technology, and that the matter is currently under investigation. If the chairman cannot fulfill his duties normally in the future, according to the company's governance system, the vice chairman will act in his place. The announcement shows that Lu Yong became the chairman of WorldName Technology in August last year. According to Tianyancha information, Lu Yong is the legal representative and chairman of Jiangsu Banbutang, which was established in 2018 and is located in Nantong City, Jiangsu Province, and is primarily engaged in real estate.