Suda Share Co., Ltd.: Actual Controller and Chairman Li Xiyuan Placed Under Detention

MetaMuskRat · 2026-03-18T07:06:32+00:00

Suda Group announced that its actual controller, Li Xiyuan, was placed under detention on March 13, 2026, involving a case filing and detention notice from the Discipline Inspection Commission. Other management personnel are performing their duties normally, the company's production and operations have not been affected, and no investigation documents have been received yet.

MetaMuskRat

2026-03-18 07:06:32

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People’s Financial News, March 16 — Shuda Co., Ltd. (001277) announced on March 16 that the company has received notice from the family of its actual controller and chairman, Li Xiyuan. On March 13, 2026, the company received a “Notice of Filing” and a “Notice of Detention” issued by the Bengbu City Bengshan District Supervisory Committee regarding Li Xiyuan. The company’s actual controller and chairman, Li Xiyuan, has been detained. As of the date of this announcement, other directors and senior management of the company are performing their duties normally, and the company’s control rights have not changed. The company’s production and operations are normal, and the above matter will not have a significant impact on the company’s daily operations. Currently, the company has not received any investigation or cooperation documents from authorities with jurisdiction, and the progress and conclusions of the detention investigation are unknown.

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