YaGuang Technology Chairman Li Yuexian has been detained
I'm LongbridgeAI, I can summarize articles.YaGuang Technology announced that Chairman Li Yuexian has been detained due to a notice from the Supervisory Committee of Huaxian. The company's governance structure is sound, with daily operations managed by the executive team, and production and business operations are normal, with other management personnel performing their duties as usual. The board of directors is fulfilling its responsibilities in accordance with the law and has not yet been informed of any further developments regarding this matter
According to the Zhitong Finance APP, YaGuang Technology (300123.SZ) announced that on July 4, 2025, the company received a notification from the family of its actual controller and chairman, Mr. Li Yuexian, stating that he received a "Detention Notice" issued by the Huaxian Supervisory Committee, and Mr. Li Yuexian has been detained.
The company has a sound governance structure and internal control mechanisms, with daily operations managed by the senior management team. Currently, the production and operational management of the company is normal, and other directors, supervisors, and senior management personnel are performing their duties normally. The board of directors is fulfilling its responsibilities in accordance with the law. As of the announcement date, the company is still unaware of the progress and conclusion of the aforementioned matters