-+ 0.00%
-+ 0.00%
-+ 0.00%
Land Control announced that with regard to the progress of the resumption of trading, the company is still responding to questions and opinions raised by the Stock Exchange on the independent investigation and supplementary investigation results. The internal control consultant has completed the follow-up review and prepared a report, and the company is responding to inquiries from the Stock Exchange. The summary of business conditions for the second quarter of 2026 shows that as of June 30, 2026, the total loan balance was RMB 167.3 billion, down 13.5% year on year; the consumer finance loan balance was RMB 65.4 billion, up 19.9% year on year. The total amount of new loans enabled in the second quarter of 2026 was RMB 51.1 billion, an increase of 4.6% over the previous year. Regarding changes in directors and executives, Ms. Cai Fangfang, Mr. Guo Shibang, and Mr. Li Peifeng resigned as non-executive directors, and Mr. Xi Tongzhuang's resignation as executive director, chief financial officer and authorized representative, all effective July 25, 2026; Mr. Zhan Weijian was appointed as an independent non-executive director and Mr. Ji Xiang as an authorized representative, effective from the same day. Trading of the company's common stock will continue to be suspended.
Share
Listen to the news
Land Control announced that with regard to the progress of the resumption of trading, the company is still responding to questions and opinions raised by the Stock Exchange on the independent investigation and supplementary investigation results. The internal control consultant has completed the follow-up review and prepared a report, and the company is responding to inquiries from the Stock Exchange. The summary of business conditions for the second quarter of 2026 shows that as of June 30, 2026, the total loan balance was RMB 167.3 billion, down 13.5% year on year; the consumer finance loan balance was RMB 65.4 billion, up 19.9% year on year. The total amount of new loans enabled in the second quarter of 2026 was RMB 51.1 billion, an increase of 4.6% over the previous year. Regarding changes in directors and executives, Ms. Cai Fangfang, Mr. Guo Shibang, and Mr. Li Peifeng resigned as non-executive directors, and Mr. Xi Tongzhuang's resignation as executive director, chief financial officer and authorized representative, all effective July 25, 2026; Mr. Zhan Weijian was appointed as an independent non-executive director and Mr. Ji Xiang as an authorized representative, effective from the same day. Trading of the company's common stock will continue to be suspended.
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.
What's Trending