ST Westfire: Actual controller and chairman are detained

MetaMuskRat · 2026-04-09T07:22:47+00:00

ST Westfa announced that the actual controller and chairman Luo Xi has been detained due to a notice of case filing and detention issued by the Supervisory Committee, but the company's control rights have not changed, other management personnel are performing their duties normally, and daily operational management activities are proceeding normally.

MetaMuskRat

2026-04-09 07:22:47

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People’s Finance and Information News, April 7. ST Xifa (000752) announced on April 7: Recently, it received notice from the actual controller and chairman Luo Xijia’s family, informing it that it had received a filing notice and a detention notice issued by the Tibet Autonomous Region Supervisory Commission regarding Luo Xi. At the same time, the company also received the above-mentioned relevant notice(s) regarding Luo Xi. The company’s actual controller and chairman Luo Xi has been placed under detention; as of now, the company has not received any investigation or assistance investigation documents concerning the company. As of now, the company’s controlling interest has not changed. The company’s other directors and senior management are all performing their duties normally. The board of directors duly fulfills its related responsibilities in accordance with law. The day-to-day operational management is handled by the company’s senior management. The company’s business operations and management, financial management, and asset safety controls and related activities are all operating normally.

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