---
title: "Pu'er Lancang Ancient Tea probe finds ex-executives behind irregularities, no other fraud detected"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291949986.md"
description: "Pu'er Lancang Ancient Tea's investigation identified former executives Wang and Zhang as responsible for irregularities at its Guangzhou Kangrui unit, involving unauthorized seal use and a RMB 10 million loan routed to personal accounts. No other fraud was detected. The company settled a tea shortfall via product exchange, while bank accounts remain frozen in litigation seeking RMB 35.24 million."
datetime: "2026-07-07T14:42:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291949986.md)
  - [en](https://longbridge.com/en/news/291949986.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291949986.md)
generator: "portal-rs"
---

# Pu'er Lancang Ancient Tea probe finds ex-executives behind irregularities, no other fraud detected

-   Pu’er Lancang Ancient Tea released key findings from an independent investigation into three incidents tied to its Guangzhou Kangrui unit. \* Report linked the issues to unauthorized seal use by former general manager Wang and former director Zhang, including a RMB 10 million loan. \* Loan proceeds routed to personal accounts, not the subsidiary; Wang signed a guarantee, then failed to repay at maturity in March 2025. \* Bank accounts were frozen in August 2025 in litigation seeking RMB 35.24 million; RMB 23.06 million was frozen as of Dec. 31, 2025. \* 35 tonnes of tea valued at RMB 35.2 million at subsidiary cost were removed; shortfall was settled via a product exchange completed in May 2025. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pu’er Lancang Ancient Tea Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260707-12237171), on July 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**