Suda Shares: Chairman Li Xiyuan is placed under detention; the company's production and operations are normal.

2026-03-21 02:54:36

Suda Co., Ltd. announced that the company’s actual controller and chairman, Li Xiyuan, received the “Notice of Filing” and “Notice of Detention” issued by the Bengbu City Bengshan District Supervisory Committee on March 13, 2026. He is currently in detention. As of the date of this announcement, other directors and senior management personnel are performing their duties normally, the company’s control rights have not changed, and production and operation are normal. The above matters will not have a significant impact on the company’s daily operations.

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