Meaning Technology: The actual controller, chairman, and president of the company, Lu Yong, have been taken into custody.
Seeming Technology announced that the company has recently received notification from the family of Lu Yong, the actual controller, chairman, and president of the company, that Lu Yong has been detained by the Supervision Committee of Qidong City due to relevant matters of Jiangsu Banbutang Real Estate Co., Ltd. This detention is a personal matter of Lu Yong and has nothing to do with the company. The daily operation and management of the company are handled by the senior management team, and other directors, supervisors, and senior executives are performing their duties as usual. The company has a sound corporate governance structure and internal control system, and the production and operation are normal with no significant adverse impact on the company's normal production and operation.
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