Breaking News: CSRC Investigates Actual Controller of Company for …

Breo (688793.SH) recently disclosed that Ma Xuejun, the company’s actual controller, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected market manipulation. This investigation is focused solely on Ma Xuejun as an individual and will not have a significant impact on the company’s day-to-day operations. Breo assured that Ma Xuejun continues to carry out his duties at the company normally and will cooperate fully with the CSRC’s investigation while adhering to all laws, regulations, and regulatory requirements. As of now, Breo’s business activities are proceeding as usual.

In a separate development, Runzhe Technology (300442.SZ) is set to issue convertible corporate bonds to acquire assets and raise additional funds. The target assets for this transaction include acquiring the remaining minority stake of Guangdong Runhui Technology Development Co., Ltd., excluding the equity held by the listed company and its subsidiaries. Runhui Technology is engaged in software development, integrated circuit chip design and services, as well as artificial intelligence industry application system integration services. Trading of Runzhe Technology’s shares will be suspended from February 6, 2026, with the transaction plan expected to be disclosed within the next 10 trading days.

On the other hand, *ST Lifang (300344.SZ) has seen a remarkable increase of 314.93% in its stock price from January 20 to February 5, raising concerns about market manipulation. The company’s share price surge has deviated significantly from its fundamental business standing, leading to risks of overheated market sentiment and irrational speculation. To investigate the causes of this excessive volatility, *ST Lifang will suspend trading to safeguard investor interests and ensure transparency in the trading process.

In a bid to expand its holdings, Jiangfeng Electronics (300666.SZ) is planning to acquire control of Beijing Kaidi Quartz Co., Ltd. through a cash acquisition. Following the completion of this acquisition, Jiangfeng Electronics will become the controlling shareholder of Kaidi Quartz, with trading in its shares set to resume on February 6.

Additionally, Tianjin Automotive Mold (002510.SZ) is in the process of acquiring equity in Dongshi Auto Technology Group Co., Ltd. through a combination of share issuance and cash payments. This transaction, expected to be a major asset restructuring, will result in the temporary suspension of the company’s stock trading starting February 6.

Furthermore, Guoxuan High-Tech (002074.SZ) aims to raise up to 5 billion yuan through a private placement to fund various projects, including an annual production capacity of 20GWh of power batteries. These funds will be allocated to support Guoxuan High-Tech’s energy battery projects, the construction of a new lithium-ion battery manufacturing base, and to bolster working capital.

Kailong High-Tech (300912.SZ) has experienced two consecutive trading limit increases due to its entry into the embodied intelligence sector, with products like the ‘Huilinjia’ series robots still in the market development phase. Despite this venture, Kailong High-Tech has not recognized any revenue from these products and advises investors to proceed with caution when trading its stock.

Lastly, GCL System Integration Technology (002506.SZ) has observed abnormal trading fluctuations due to investor interest in futuristic sectors like ‘space photovoltaics.’ While GCL System Integration Technology provides products and services primarily for ground-based photovoltaic scenarios, the ‘space-based solar power’ field remains an exploratory technology with uncertainties regarding its commercial realization.