The Zhitong Finance App learned that Xinfengtianyu Group issued a statement clarifying allegations of insider trading involving related securities in a US civil lawsuit recently reported by the media. The report mentioned an entity called “New Frontier Investment Management Limited,” whose name is the same as the name of a company under the Xinfengtianyu Group.
After internal verification, Xinfengtianyu Group confirmed that:
1. The subject involved in the case was not a member of Xinfengtianyu Group. After verification, the entity is not a subsidiary, affiliate or other related entity of Xinfengtianyu Group, and there is no equity, management, investment, contract or other legal relationship with Xinfengtianyu Group.
2. Xinfengtianyu Group and any of its subsidiaries or related entities have not engaged in any public securities transactions relating to the matters covered by the report.
3. None of Xinfengtianyu Group's directors, senior management and employees have received any subpoena, notice of investigation, inquiry or any other form of communication from any court, supervisory authority or law enforcement agency on this matter.
The group also stated in a statement that Xinfengtianyu Group has no connection with the matters described in the report, and issued this statement only to avoid misunderstandings caused by similar names. The Group reserves the right to investigate the legal liability of relevant personnel in accordance with law for any act that intentionally misleads others to mislead related lawsuits with Xinfengtianyu Group.