Huang Guorong, the actual controller, chairman and general manager of Shanshui Technology, was taken with criminal coercive measures

Beijing Business News (Reporter Ma Huanhuan Wang Manlei) On the evening of October 20, Shanshui Technology(301190) disclosed that the company received a notice from the family of Huang Guorong, the company's actual controller, chairman and general manager, on October 19. Notice that Huang Guorong was taken criminal coercive measures for personal reasons.
The announcement showed that Shanshui Technology urgently convened the 17th meeting of the third board of directors on October 20. Except for Huang Guorong, the chairman of the company, who was unable to attend, other directors attending the meeting unanimously agreed that director Wu Xinyan would perform the duties of chairman and legal representative of the company on his behalf., and perform the duties of members of relevant committees and general manager of the company's board of directors.
Shanshui Technology stated that as of now, the company has a stable management system and a mature governance structure. The company has made proper arrangements for relevant matters. At present, the company's production and operations are in normal operation, and the company's management will further strengthen operation management.
Trading conditions showed that on October 20, Shanshui Technology opened lower and went lower, and the intraday share price once hit a limit. At the close, the company's share price closed down sharply by 17.04%, at 22.88 yuan/share, with a total market value of 4.911 billion yuan.