Zhengyuan Zhihui announced that it has received the Criminal Ruling from the Zhejiang Provincial High People's Court, delivered by Chen Jian, the company's actual controller. The final ruling upholds the original verdict. Previously, Chen Jian was sentenced to three years in prison, suspended for three years and six months, and fined 6.5 million yuan for market manipulation. The company stated that Chen Jian does not serve as a director or senior executive, and the ruling concerns personal conduct that will not have a material impact on production and operations. The company's operations are currently normal.
Zhejiang Zhengyuan Zhihui Technology Co LtdFinal ruling upholds prison sentence and fine for actual controller Chen Jian for market manipulation, though company claims no material impact.
