Zhongxin Jingwei, September 21 -- The chairman of Huayu Software was investigated for suspected bribery 5 months ago and was placed in liens, and now there has been new progress.
Huayu Software announced on the evening of the 21st that on September 18, the company received the "Notice of Lifting The Retention in Custody" from the Beijing Municipal Commission of Supervision and decided to lift the lien measures for the person under investigation, Shao Xue. At the same time, the company learned that Shao Xue's family received a "Notice of Detention" from the People's Procuratorate of Haidian District, Beijing, and Shao Xue was criminally detained on September 18, 2021 for suspected bribery by the unit.

Screenshot of the announcement
The announcement said that since the company disclosed the "Announcement on major events of the company" on August 30, the company has conducted a comprehensive self-examination of the subsidiaries of the whole group, and it has been found that the former executives of the subsidiaries have recently been taken criminal compulsory measures by the relevant departments. The party was a former executive of beijing Huayu Information Technology Co., Ltd., a subsidiary, and is no longer in a management position.
According to the announcement, on March 22 this year, the company received a notice from the Beijing Municipal Commission of Supervision to file an investigation into the illegal issue of suspected bribery of Shao Xue, the chairman and general manager of the company, and imposed a lien on him since March 21, 2021. On September 1, the Company disclosed the announcement that the Company received the Notice of Case Filing from the Beijing Municipal Commission of Supervision, and the Beijing Municipal Commission of Supervision decided to file a case for review/investigation of the disciplinary/illegal issues of Beijing Huayu Software Co., Ltd.'s suspected bribery.
How much does Shao Xue's criminal detention on suspicion of bribery affect the company? In the announcement, Huayu Software said that the company has subsequent risks involving litigation. The former executives of the company's subsidiaries have been subjected to criminal compulsory measures, and the company is not yet aware of the matters involved and the reasons, and it is currently impossible to judge the possible impact. The company will pay close attention to the progress of the above events and fulfill its information disclosure obligations in a timely manner in accordance with the requirements of laws and regulations.
According to the official website of Huayu Software, Beijing Huayu Software Co., Ltd. was established on June 18, 2001 and listed on the Growth Enterprise Market of the Shenzhen Stock Exchange in 2011. At present, it has more than ten member enterprises nationwide and more than 8,000 employees.
In terms of performance, in the first half of the year, Hoau Software achieved operating income of 2.154 billion yuan, an increase of 157% year-on-year; net profit of 215 million yuan, an increase of 1190%; net profit attributable to the mother after deduction of non-profit was 204 million yuan, an increase of 2703% year-on-year.
According to public information, Shao Xue can be called the soul of Huayu Software, has been the chairman of the company since 2003, and is currently the general manager, and is the actual controller of the company, holding 13.21% of its shares, that is, 110 million shares.
In the secondary market, as of the close of trading on September 17, The stock price of Huayu Software was reported at 11.9 yuan, down 2.7%. From August 30 to September 17, its stock price fell by more than 33%. According to first financial reports, at present, the pre-registration of investor claims against Hoau Software has been launched. (Zhongxin Jingwei APP)