YONGYUE's actual controller Chen Xiang has been released on bail pending trial
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According to the announcement released by YONGYUE on the Zhitong Finance APP, the company learned from its actual controller, Mr. Chen Xiang, on September 13, 2025, that the Quanzhou Public Security Bureau issued a "Decision on Bail Pending Trial." This decision was made due to the investigation of suspected violations of disclosure and non-disclosure of important information. In accordance with the relevant provisions of the Criminal Procedure Law of the People's Republic of China, it was decided to grant bail pending trial, effective from September 12, 2025
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