Regarding this illegal incident, Yao Jinbo explained that the reduction in holdings was an inadvertent loss of 58 Group's management team responsible for its external investments, and was not intentional by him. Yao Jinbo claimed that he had no participation in or knowledge of the management team's plans to carry out such sales, and that he did not have any insider information about Wanwuyun at the time of such sale.

Regarding this illegal incident, Yao Jinbo explained that the reduction in holdings was an inadvertent loss of 58 Group's management team responsible for its external investments, and was not intentional by him. Yao Jinbo claimed that he had no participation in or knowledge of the management team's plans to carry out such sales, and that he did not have any insider information about Wanwuyun at the time of such sale.