The actual controller of ST Hezong, Liu Zegang, has been released on bail pending trial
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According to the Zhitong Finance APP, ST Hezong announced that on September 9, 2025, the company received a notice from its controlling shareholder, actual controller, and chairman Mr. Liu Zegang, stating that the Chaoyang Public Security Bureau issued a "Decision on Bail Pending Trial." According to relevant provisions of the Criminal Procedure Law of the People's Republic of China, it was decided to grant him bail pending trial, effective from August 16, 2025
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