Huaheng Biological: The actual controller Guo Henghua was criminally detained on suspicion of illegally absorbing public deposits.

date
25/06/2026
Huaheng Biology Announcement: On June 24, 2026, the company received notification from the family of Ms. Guo Henghua, the actual controller, chairman and general manager, that Ms. Guo Henghua has been criminally detained by the Shushan Branch of the Hefei Public Security Bureau for suspicion of illegal absorption of public deposits. The investigation has no relation to the company's operations. On the same day, Guo Henghua resigned from all positions in the company, including chairman, general manager, director, and all specialized committees under the board of directors, and will no longer hold any positions in the company. The company urgently convened a board meeting and elected Mr. Fan Yixian as the new chairman and general manager. The company's main business is in biomanufacturing and does not involve illegal absorption of public deposits. Currently, production and operations are normal, and this matter will not have a significant adverse impact on daily operations.