Hengli Hydraulic's actual controller and chairman, Wang Liping, has been detained. The company states that production and operations are normal.

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Jiangsu Hengli Hydraulic Co., Ltd. (stock code: 601100, stock abbreviation: Hengli Hydraulic) announced on March 21 that the company recently received a notification from the family of its actual controller and chairman, Mr. Wang Liping, that Mr. Wang has been placed under residential surveillance by the Jiangsu Provincial Supervision Commission.

The announcement indicated that Mr. Wang’s family recently received the “Case Filing Notice” and “Residential Surveillance Notice” issued by the Jiangsu Provincial Supervision Commission. In response to this matter, Hengli Hydraulic stated that it has made proper arrangements for related work. The company emphasized that it has a sound organizational structure and a standardized governance system, and will continue to operate in accordance with the “Company Law,” “Shanghai Stock Exchange Stock Listing Rules,” and other laws and regulations as well as its “Articles of Association.”

Hengli Hydraulic pointed out that the daily management of the company is the responsibility of the executive team, and other directors and senior management personnel are performing their duties normally. Currently, the production and operation situation is normal. The announcement clearly stated that the aforementioned matters will not have a significant impact on the company’s production and operation.

The company will continue to monitor the subsequent developments of this matter and will strictly fulfill its information disclosure obligations in a timely manner as required by laws and regulations. The designated information disclosure website for the company is the Shanghai Stock Exchange website (

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Editor: Xiao Lang Quick Report