Yuejiang Technology responds to accusations: The allegations in the article are not true, and all preparations for listing are progressing in an orderly manner according to plan.
In response to the recent "real-name report" and related articles on the internet, on July 17th, Yuejiang Technology responded: the accusations in the articles are not true and misleading. Currently, the company's production and operation are all normal, and the preparations for listing on the Growth Enterprise Market are progressing smoothly according to plan. We will continue to strictly fulfill our disclosure obligations, and please refer to the company's official disclosure for any updates.
According to reports, in the early morning of July 17th, a real-name report letter has put Yuejiang Technology, which is in the process of "H to A" backdoor listing, in the spotlight. The whistleblower, Song Tao, claimed to be a co-founder and former executive vice president and COO of Yuejiang Technology. He accused Yuejiang Technology and founder Liu Peichao of major equity flaws and concealment in the A-share prospectus, claiming that their rightful ownership of 69.7373% of Yuejiang Technology's assets was registered as 22.455% in the prospectus. Song Tao said: "The prospectus is full of false statements and deliberately conceals the billion-dollar equity ownership dispute." Yuejiang Technology is currently in a key stage of the "H to A" process, and it is scheduled to go public on July 22nd.
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