Outburst! The former general manager of Halcyon Silicon was examined and prosecuted

Global Coatings Network News: After hours on November 21, Halcyon Silicon (603260.
SH) issued an announcement saying that the company learned from the public security organ that Fang Hongcheng, the former director and general manager, had been investigated by the public security organ and transferred to the procuratorate for review and prosecution due to suspected embezzlement of his position, and that the criminal acts involved occurred during
the company's tenure.

"Although Fang Hongcheng resigned from the company in December 2018, after his resignation, the company found that there were criminal acts that violated the interests of the company during his employment, and it has now been investigated and confirmed by the public security organs
.
The company has separately reported other criminal acts that harm the interests of the company to the public security organ
.
Hesheng Silicon further pointed out, "At present, the company's various production and operation activities are normal, and the company will fully cooperate with the relevant departments in the review, prosecution and trial of the above cases, and do its best to recover the company's losses
.
" ”

"The above cases were discovered by the company's internal self-inspection and reported to the public security organs, and the cases are now in the stage of review and prosecution by the procuratorial authorities, and the above matters will not have a significant impact
on the company's performance.
" Halcyon Silicon said
.