Chairman of Xilinmen Absents Annual Shareholders' Meeting on Leave, Management States He Continues Normal Duties and Disputes Claims of Misusing Funds for Real Estate Investments

Deep News

May 23

On May 22, the 2025 Annual Shareholders' Meeting of Xilinmen Health Sleep Technology Co., Ltd. (ST Xilinmen, 603008.SH), known as "China's First Mattress Stock," was held at its factory in Shaoxing Paojiang. Company management, including Vice Chairman and President Chen Yicheng, Director Chen Pingqi, Board Secretary Shen Jie, and Financial Officer Zhang Dongyun, attended the meeting. Chairman Chen A Yu was absent on leave due to business travel related to advancing work on debt resolution.

The management clarified that Chairman Chen A Yu is currently performing his duties normally. They also stated that they do not agree with assertions that company funds were misappropriated due to losses from real estate investments.

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