COOLPAD GROUP (02369.HK) -0.010 (-1.639%) announced that, according to a notification from the Shenzhen Municipal Supervisory Commission, the company's independent non-executive director, Guo Jinghui, is currently under investigation by the commission and has been subjected to detention measures. The company has not received any requests from the commission for assistance in the investigation or to provide any information, and the group's business operations remain normal.In addition to serving as an independent non-executive director of the company, Guo Jinghui is also a member of the company's audit committee and remuneration committee. The aforementioned matter is not expected to have a significant impact on the company's operations and business activities.Related NewsCOOLPAD GROUP (02369.HK) Narrows Loss to HKD111 Million Last YearThe board is currently assessing the situation and will consider making necessary arrangements regarding Guo Jinghui's current roles and responsibilities. The company will closely monitor any further information related to the investigation and will make further announcements in accordance with listing rules as appropriate. (ec/da)(HK stocks quote is delayed for at least 15 mins.)
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