Xingyu Shares released rectification measures at noon on September 7, addressing the recent wrongful job transfers and staff reductions by disciplining four managers, including the general manager. General Manager Zhou Xiaoping had her salary docked for one year, Deputy General Manager Li Shujun was reassigned and had his salary docked for six months, Human Resources Director Yu Zhiming was removed from his post, and Human Resources Department Head Li Mei was demoted and transferred. Earlier, the company's dismissal of 107 fresh graduates drew public attention. The Changzhou municipal human resources and social security authorities have since provided employment services. As of noon on September 7, 71 people had started at new employers, 22 had passed interviews and received job offers, and the remaining 14 were in interviews or being matched with job opportunities. That afternoon, CPU-related stocks moved sharply higher, Zongyi Shares hit the daily limit up, and Xingyu Shares rose 3.97 percent to 79.35 yuan per share, with turnover of nearly 500 million yuan.
Changzhou Xingyu Automotive Lighting Systems Co LtdCompany disciplined managers and addressed wrongful dismissals, but stock rose 3.97% on unrelated CPU sector rally.
Jiangsu Zongyi Co Ltd