ST JSMC's 73-year-old former chairman has been criminally investigated

According to exclusive information from authoritative sources, former chairman of *ST Huamei, Xia Zengwen, has recently been criminally investigated by the Public Security Bureau of Jilin City, Jilin Province for "suspected violations of information disclosure and failure to disclose important information." The investigation document obtained by reporters shows the date as September 19, and the police have determined that Xia Zengwen "has criminal facts that need to be investigated for criminal responsibility." Sources close to *ST Huamei revealed that Xia Zengwen had gone missing months before the major shareholder's huge fund occupation incident broke out in early 2024