Pylon Technologies (688063.SH): The chairman has been released from detention.
PaiNeng Technology (688063.SH) announced that the company recently received a notification from its controlling shareholder, ZTE New Communication Co., Ltd. (...).
Pylon Technologies (688063.SH) announced that the company recently received a notification from its controlling shareholder ZTE Corporation (referred to as "ZTE"), indicating that ZTE has received a "Notice of Release of Retention" issued by the Supervisory Committee of Yongqing County. The Supervisory Committee of Yongqing County has lifted the detention measures against Wei Zaisheng. Wei Zaisheng is now able to continue performing his duties as the Chairman and legal representative of the company. The company's director, Zhai Weidong, will no longer act on behalf of the Chairman and legal representative.
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