Haorse: Company and former chairman Dai Baolin were prosecuted for alleged corporate bribery crimes.
Haorui announcement stated that the company has received a "Prosecution Report" from the People's Procuratorate of Xinzhou District, Wuhan City, Hubei Province, accusing the company and former chairman Dai Baolin of the crime of corporate bribery. The case is currently in the stage of being prosecuted and awaiting trial. The company has a sound governance and internal control mechanism, and all business activities are progressing steadily, with normal production and operation. There has been no change in the control of the company, the board of directors is fulfilling its duties in accordance with the law, and the management is carrying out its daily management responsibilities as usual.
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