FULLSHARE (00607): Public security agencies have ruled out the misappropriation of 6.64 billion yuan.

FULLSHARE (00607) announced today that the Nanjing Jiangning Sub-bureau of the Public Security Bureau in Jiangsu Province, China, as the investigating criminal investigation agency, has received a report from C TRANSMISSION's wholly-owned subsidiary, Nanjing Gaojing Transmission Equipment Manufacturing Group Co., Ltd. (reporting party), regarding an alleged misappropriation of a total of RMB 6.64 billion in related receivables and prepaid items. The company's two directors and lawyers from the Shanghai branch of Beijing Jindu Law Firm were received by the criminal investigation agency, which clarified the following: 1. After investigation by the public security agency, it was confirmed that the alleged misappropriation of RMB 6.64 billion reported by the company and the reporting party was not related; 2. None of the company's directors and executives were involved in the alleged misappropriation reported by the reporting party; and 3. The public security agency provided a written response to the reporting party regarding the investigation results last week.