Chairman Huang Shengdi of Nanjing Wavelength Opto-Electronic Science & Technology (301421.SZ) received the "Decision on Bail Pending Trial".
Wavelength Optoelectronics (301421.SZ) issued an announcement on June 18, 2026, stating that the company had received a "decision on bail pending trial" from the Shanghai Customs Anti-Smuggling Bureau on June 17, 2026, regarding its Chairman, Mr. Huang Shengdi, in accordance with relevant provisions of the Criminal Procedure Law of the People's Republic of China. Mr. Huang Shengdi will be on bail pending trial from June 17, 2026.
Nanjing Wavelength Opto-Electronic Science & Technology (301421.SZ) announced that on June 18, 2026, the company received a "bail pending trial decision" from Mr. Huang Shengdi, the chairman of the company, issued by the Shanghai Customs Anti-smuggling Bureau. According to the relevant provisions of the Criminal Procedure Law of the People's Republic of China, it was decided to release Mr. Huang Shengdi on bail pending trial, effective from June 17, 2026.
Mr. Huang Shengdi is one of the actual controlling shareholders of the company and serves as the chairman of the fifth board of directors of the company. He does not directly hold shares of the company and is married to Ms. Zhu Min, the controlling shareholder of the company. Upon self-examination, apart from Mr. Huang Shengdi, the company's other controlling shareholders, actual controlling shareholders, current directors, and senior management have not received any written materials related to this case from judicial or other authorized authorities.
Currently, Mr. Huang Shengdi is able to carry out his duties normally. The company's production and operations are normal, and all work is being carried out in an orderly manner. The case in question is related to the company falsifying the material of exported products, which accounts for a limited proportion of the company's annual operating income and is not a major component of the financial statements. It is expected not to affect the company's continued operating capabilities. The company has not yet been informed of the specific amount involved in the case or the case materials and therefore cannot determine the specific impact on the company's financial statements.
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