---
title: "Red phase INC. actual controller Yang Cheng has been released on bail pending trial"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/250760748.md"
description: "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"
datetime: "2025-07-30T10:18:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/250760748.md)
  - [en](https://longbridge.com/en/news/250760748.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/250760748.md)
---

# Red phase INC. actual controller Yang Cheng has been released on bail pending trial

According to the news from Zhitong Finance APP, Red Phase INC. (300427.SZ) announced that the company's actual controller, Mr. Yang Cheng, has been notified that the Xiamen Public Security Bureau has issued a "Decision on Bail Pending Trial." In accordance with relevant provisions of the Criminal Procedure Law, it has been decided to grant him bail pending trial, effective from July 29, 2025

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