Pinming Technology: Actual Controller Mo Xujun Placed Under CSRC Investigation for Suspected Securities Market Manipulation

36Kr learned from a Pinming Technology announcement that the company's controlling shareholder and actual controller, Mr. Mo Xujun, recently received a Notice of Case Filing issued by the China Securities Regulatory Commission (CSRC). Mr. Mo is suspected of manipulating the securities market, and under the Securities Law of the People's Republic of China, the Administrative Penalty Law of the People's Republic of China and other relevant laws and regulations, the CSRC has decided to open an investigation into him. The investigation targets Mr. Mo in his personal capacity. Apart from serving as the company's honorary chairman, Mr. Mo holds no other position at the company and does not take part in its day-to-day operations and management.