Red phase INC. actual controller Yang Cheng has been released on bail pending trial
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According to the announcement from Hongxiang Co., Ltd., the company received a notification from its actual controller, Mr. Yang Cheng, that the Xiamen Public Security Bureau issued a "Decision on Bail Pending Trial." In accordance with relevant provisions of the Criminal Procedure Law, it was decided to grant him bail pending trial, effective from July 29, 2025
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