Creation Technology: The company's controlling shareholder and actual controller, Zhang Gengsheng, was sentenced to two years in prison for bribery.

date
13/02/2026
Chuangshi Technology announced that the company's controlling shareholder and actual controller, Zhang Gengsheng, was sued by the Pudong New Area People's Court of Shanghai for alleged bribery. The court recently sentenced Zhang Gengsheng to two years in prison with a two-year suspension and a fine of RMB 300,000 for the crime of bribery. Zhang Gengsheng does not hold a position in the company, and the above judgment does not affect his shareholder rights. The confiscation and fines have been fully paid by him personally and will not have a significant adverse impact on the company's production and operation. This judgment is a first-instance judgment and has not yet taken effect. If Zhang Gengsheng files an appeal within the statutory period, there is still uncertainty about the final judgment and subsequent enforcement results.