XGD responded to investor inquiries stating that the company and its subsidiaries have not recently received any notice of investigation or prior notice of administrative penalty from the People's Bank of China, and there is no situation where it is under investigation or facing administrative penalties from the People's Bank of China. Earlier, an investor asked on an interactive platform whether the controlling subsidiary Jialian Payment Co., Ltd. was under regulatory investigation by the Shenzhen branch of the People's Bank of China. The company also stated that there are no material matters that should be disclosed under laws and regulations but have not been disclosed.
Xgd IncCompany denies being under investigation or facing administrative penalties from PBOC, removing regulatory uncertainty.
Subsidiary Jialian Payment is specifically mentioned as not under PBOC investigation, alleviating regulatory risk.