Chairman Yu Lei of Jinan Changqing Industrial Development Investment Holding Group Co., Ltd. is under investigation.

On June 12, according to the Commission for Discipline Inspection of Changqing District, Jinan, it was reported that Yu Lei, Secretary of the Party Branch and Chairman of Jinan Changqing Industrial Development Investment Holdings Group Co., Ltd. is suspected of serious disciplinary violations and is currently under disciplinary review and investigation by the Commission for Discipline Inspection and Supervision of Changqing District, Jinan.