Realcan's Secretary of the Board has been placed under residential surveillance; previously served as an investment banking project manager. The company responds

On July 3rd, Realcan opened lower, reporting a price of RMB 2.97 per share at the time of publication, a decline of 1.33%. Previously, Realcan announced that the company's director, board secretary, and vice president Li Zhe had been subjected to detention measures. Regarding whether Li Zhe's detention is related to the company's business, Realcan staff responded to Yinshi Finance that they were not very clear and that the announcement should be taken as the standard, stating, "This is a very sudden matter." "The company has a sound governance structure and internal control mechanisms. Except for Mr. Li Zhe, the directors, supervisors, and other senior management personnel are all performing their duties normally. As of the date of this announcement, the company's board of directors and board of supervisors are operating normally, and the production and operation order of the company and its subsidiaries is normal. This matter will not have a significant impact on the company's normal production and operation," Realcan stated