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Digitong (06188): The board of directors has suspended all operating, administrative and executive duties and powers of executive director Liu Donghai in the company and is unaware of the details of the investigation matters
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Zhitong Finance App News, Digitong (06188) issued an announcement. On July 11, 2026, the controlling shareholder of the Company, Zhuhai Huafa Group Co., Ltd. (Zhuhai Huafa), informed the board of directors that they had received a notice from the Doumen District Supervisory Committee (Supervisory Committee) of Zhuhai City, China. The Supervisory Committee notified Zhuhai Huafa, that the executive director Mr. Liu Donghai (Mr. Liu) has been detained by the Supervisory Committee, and that the Supervisory Committee has officially launched an investigation into Mr. Liu's alleged violation of the law (this incident).

In view of this incident, the board of directors resolved on July 13, 2026 to suspend all operations, administrative and executive duties and powers of Mr. Liu in the company with immediate effect.

As of the date of this announcement, the Company is unaware of the details of the investigation matters. The Board believes that as of the date of this announcement, this incident will not have a significant adverse impact on the Group's business and operations. The Company will make a separate announcement in due course in accordance with the listing rules.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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