Pinming Technology announced that Mo Xujun, the controlling shareholder and actual controller of the company, received a “Notice of Case Filing” issued by the Securities Regulatory Commission and decided to file a case against it on suspicion of manipulating the securities market. This case was a personal investigation of Mo Xujun. Apart from being the honorary chairman of the company, he did not participate in the daily management of the company. It had nothing to do with the company's operations, had no significant impact on the company, and the company's production, operation and financial situation were normal.

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