The company stated it has received no official notice from authorities regarding the probe and cannot currently comment on the timeline or potential outcomes. Management acknowledged that these legal developments could prevent Tang from fulfilling his executive duties for an extended period, creating significant operational risks.
While the company maintains that its core business remains functional, it warned that the investigation—even if peripheral to its own operations—could damage its reputation and financial standing. The Board of Directors is now tasked with overseeing daily activities and activating contingency plans to navigate the potential impact on governance.
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