Yongyue Science & Technology's actual controlling shareholder has been released from detention.

Yongyue Science & Technology (603879.SH) announced that on November 24, 2024, the company disclosed the "Announcement of Yongyue Technology on the Detention and Investigation of the Company's Actual Controller" (Announcement No.: 2024-101), where the actual controller of the company, Chen Xiang, was detained and investigated by the Da Feng District Supervisory Committee of Yancheng City. The company recently received a "Release from Detention Notice" issued by the Da Feng District Supervisory Committee of Yancheng City from its controlling shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., deciding to lift the detention measures against Chen Xiang.