On the evening of September 21st, Zhenlei Technology (688270) disclosed an announcement stating that the company learned from family members of its actual controller and chairman Yu Faxin that Yu Faxin has been detained by the Huangshi City Supervisory Committee and is temporarily unable to fulfill his director-related duties.

Zhenlei Technology stated that as of the announcement disclosure date, the company's control structure has not changed. The company will continue to operate in accordance with the Company Law, the Science and Technology Innovation Board Stock Listing Rules, and other relevant laws, regulations, and institutional norms. Daily business operations are managed by the company's senior management, and the company has made proper arrangements for related work.

The company has a sound governance structure and internal control mechanism, with the board of directors operating normally. During the period when the chairman cannot perform his duties, director Zhang Bing will act on behalf of the chairman to fulfill relevant responsibilities. Other directors and senior management personnel are all performing their duties normally, and the production and operation of the company and its subsidiaries are normal, with fund accounts operating normally. This matter will not have a significant impact on the company's normal operations.

The announcement shows that as of the disclosure date, Zhenlei Technology has not received any investigation or cooperation investigation documents from relevant authorities regarding the company, nor is the company aware of the progress and conclusions of the detention investigation. The company will continue to monitor the subsequent developments of the above matter and promptly fulfill information disclosure obligations and alert relevant risks.