According to the delisting announcement, Jiangsu Wuzhong Import & Export Co., Ltd., a wholly-owned subsidiary of the company, received a criminal ruling from the Hengyang Intermediate People's Court of Hunan Province, rejected the appeal and upheld the original sentence. In the first instance, Jiangsu Wuzhong Import and Export Co., Ltd. was found guilty of defrauding import and export tax refunds and was fined RMB 8 million; Yang Feng, the legal representative and chairman of the import and export company at the time, was convicted of defrauding import and export tax refunds and was sentenced to three years and six months in prison and a fine of RMB 123,000 yuan.

According to the delisting announcement, Jiangsu Wuzhong Import & Export Co., Ltd., a wholly-owned subsidiary of the company, received a criminal ruling from the Hengyang Intermediate People's Court of Hunan Province, rejected the appeal and upheld the original sentence. In the first instance, Jiangsu Wuzhong Import and Export Co., Ltd. was found guilty of defrauding import and export tax refunds and was fined RMB 8 million; Yang Feng, the legal representative and chairman of the import and export company at the time, was convicted of defrauding import and export tax refunds and was sentenced to three years and six months in prison and a fine of RMB 123,000 yuan.