Yongjin Group's actual controller Cao Peifeng was released on bail pending trial, and the company's latest response

Yongjin Stock announced that on the evening of July 7, the company learned from its actual controller Cao Peifeng that he had been placed under bail pending trial by the Jinhua Public Security Bureau in Zhejiang Province on the same day for suspicion of insider trading and leaking insider information. In response to this, a staff member of Yongjin Stock's securities department stated that due to the large amount involved in Cao Peifeng's alleged insider trading and leaking of insider information, there may currently be some criminal investigation work being conducted. The company's current disclosure is based on the content of the "Decision on Bail Pending Trial." Prior to this, administrative penalties related to the matter had already been disclosed. Cao Peifeng was a director of the company a long time ago, but had never been involved in the actual operation of the company and is no longer employed by the company.