Xianhe Stock Co., Ltd.: Controlling shareholder Wang Minglong has been filed for alleged short-term trading.
Announcement of Xianhe Corporation: One of the actual controllers, Wang Minglong, received a "Notice of Filing a Case" from the China Securities Regulatory Commission on April 3, 2026, for suspected short-term trading. At the same time, due to the failure to timely inform the company of holding Xianhe Corporation's stock in a borrowed securities account, which led to the controlling shareholder and the concerted action person's total holding of the company's shares reaching 80% without timely disclosure, Wang Minglong was subjected to supervisory measures requiring correction and was included in the integrity record of the securities and futures market. The Shanghai Stock Exchange also issued a regulatory warning to Wang Minglong. This case is targeted at Wang Minglong personally and is not related to the company's daily operations and business activities, and will not affect the company's production and operation activities.
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