Hubei Huitian New Materials (300041.SZ): One of the controlling shareholders and concerted actors, Zhang Feng, was sentenced to eight years in the first instance.

Hubei Huitian New Materials (300041.SZ) announcement, the company recently received a first-instance criminal judgment issued by the Intermediate People's Court of Hefei City, Anhui Province, sent by Zhang Feng, a concerted action person of the company's controlling shareholder. The judgment ruled that the defendant Zhang Feng was guilty of manipulating the securities market, sentenced to eight years in prison, fined 150 million RMB, and confiscated illegal gains. This judgment is a first-instance judgment. As of the date of this announcement, the judgment has not yet taken effect. Zhang Feng has stated that he will appeal, so there is uncertainty about the final judgment and subsequent enforcement results.