On the 30th anniversary, the stock price hit the limit down, and DAS responded to the chairman being placed under guardianship

On November 4th, the smart IoT company DAS faced a "crisis moment" after celebrating its 30th anniversary. After the market opened today, the company's stock price plummeted significantly, hitting the daily limit down, and as of 14:01, it was reported at 2.99 yuan per share, with a market value shrinking to 6.3 billion yuan. This shock stemmed from an announcement made on the evening of November 3rd. In the announcement titled "Announcement on Major Matters of the Company," DAS disclosed that it recently received a "Notice of Case Filing" and a "Notice of Custody" issued by the Ying Shang County Supervisory Committee, indicating that the company's actual controller and chairman, Liu Pang, is under investigation and custody. The announcement stated that as of the disclosure date, the company's control had not changed, and other directors and senior management were performing their duties normally, with the company's and its subsidiaries' operational order remaining normal. The company emphasized that it has made proper arrangements for related work and possesses a sound governance structure and internal control mechanisms. In response, a reporter, posing as an investor, called DAS, and the staff member indicated that Liu Pang had stepped down as general manager in September, and the current general manager is a senior executive who has been with the company for over 20 years, thus there is no significant impact on the company's daily operations