Xu Jiting, the controlling shareholder and actual controller of Tiantie Technology (300587.SZ), was taken into compulsory criminal detention

According to the Zhitong Finance App, Tiantie Technology (300587.SZ) issued an announcement. The company recently received a notice from the family of Mr. Xu Jiding, the controlling shareholder and one of the actual controllers of the company. Mr. Xu Jiding has been taken into compulsory criminal detention measures by the Taizhou Municipal Public Security Bureau and is cooperating with the investigation by the public security authorities. According to his family, the investigation was a personal matter and had nothing to do with the company's daily production and operation.

Mr. Xu Jiding does not currently hold a director or senior management position in a listed company. The company has a complete corporate governance structure and internal control system, and all management tasks have clear process guarantees. The executive management team is responsible for the company's daily operation and management, and the directors and senior management are currently carrying out their duties normally. The board of directors of the company is operating normally, and the company's production and operation conditions are normal. This matter will not have a significant adverse impact on the company's daily business activities.