SUDA Holdings: Controlling Shareholder and Chairman Li Xiyuan Released from Detention

People’s Financial News, March 20 — Suda Co., Ltd. (001277) announced on March 20 that the company’s actual controller and chairman, Li Xiyuan, has been released from detention by the Bengbu City Bengshan District Supervisory Committee. Currently, Li Xiyuan is able to perform his duties as chairman normally, and the company’s production and operations are proceeding normally.

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