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Securities Times e Company News, on May 20, the Secretary-General Office of Paineng Technology responded that it is currently unclear how the company's chairman Wei Zaisheng was investigated and detained, and any subsequent progress will be announced and disclosed in a timely manner. The Secretary-General Office of ZTE New Communications Co., Ltd.(hereinafter referred to as ZTE New Communications) also responded that in addition to the disclosed announcement information, noTiger'sThrillUnderstand the specific circumstances of Wei Zaisheng being investigated. On May 19, Panneng Technology announced that it had recently received a notice from its controlling shareholder Zhongxing New Communications. The Yongqing County Supervisory Committee issued a notice stating that Wei Zaisheng, chairman of Zhongxing New Communications, was investigated and detained. Wei Zaisheng also serves as chairman of Panneng Technology.
