Jiangxi Lianchuang Opto-electronic Science & Technology Co Ltd

Lianchuang Optoelectronics and its actual controller and chairman Wu Rui have each received a notice of investigation from the China Securities Regulatory Commission for suspected illegal activities including failure to disclose non-operating fund transactions as required. The company stated that all business operations are currently proceeding normally and it will actively cooperate with the investigation and fulfill its information disclosure obligations during the investigation period. On the same day, Wu Rui resigned from the position of company president due to work reasons, but will continue to serve as chairman and in other roles. As of August 4, Wu Rui does not directly hold any company shares. Jiangxi Electronics Group, which he controls, holds 86.7815 million shares of Lianchuang Optoelectronics, accounting for 19.25% of the company's total share capital, making it the controlling shareholder. In addition, the company and its subsidiaries have overdue financial institution borrowings and bill principals totaling 506 million yuan, exceeding 10% of the company's most recent audited net assets. The company is raising funds for debt repayment through various channels and negotiating extensions with creditors.

On the evening of August 4, two A-share companies, ST Cuihua and Lianchuang Optoelectronics, separately announced that their actual controllers have been placed under investigation by the China Securities Regulatory Commission for suspected illegal information disclosure. Chen Siwei, the controlling shareholder and actual controller of ST Cuihua, is under investigation for suspected disclosure violations. The company had already been investigated twice before, in February and May 2026. If subsequent penalties are deemed to trigger mandatory delisting for major violations, the company's shares will be delisted. Meanwhile, Guo Yingjie, a concert party of a shareholder holding more than 5%, has also been placed under investigation for suspected disclosure violations. Lianchuang Optoelectronics and its actual controller Wu Rui are under investigation for suspected failure to disclose non-operating fund transactions and other violations as required. On the same day, the company disclosed overdue financial institution borrowings and bill principals totaling 506 million yuan, exceeding 10% of the latest audited net assets. Wu Rui has resigned as president but remains chairman. In the secondary market, ST Cuihua's share price has plummeted over 84% this year, with a latest market value of 500 million yuan. Lianchuang Optoelectronics' share price has tumbled over 56% this year, with a latest market value of 12.3 billion yuan.

The People's Bank of China announced it will conduct a 500 billion yuan outright reverse repo operation on August 5, with a term of three months, to maintain ample liquidity in the banking system. Wanhua Chemical disclosed that its 1.1 million ton per year MDI unit at the Yantai industrial park will shut down for maintenance starting August 10 for about 45 days, as part of routine annual maintenance. The State Post Bureau has launched an investigation into STO Express for inadequate safety production management of its franchisees. In addition, Lianchuang Optoelectronics and its actual controller Wu Rui have been placed under investigation by the China Securities Regulatory Commission for allegedly failing to disclose non-operating fund transactions as required. Zhongke Sanhuan plans to acquire a controlling stake in Ningbo Zhongdian Magnetic Acoustics Electronics, and Jiangnan New Materials plans to raise no more than 1.6 billion yuan through a private placement for high-purity electronic-grade copper oxide powder and liquid cooling heat dissipation module projects.