Node
September 3, 2026: responding to the 'position does not exist' questions, the company gave its first public reply via its investor-relations department. The stock closed down the same day.
Evidence (quoted)
Red Star News: "Staff said the VP is the disclosed executive; the 'HR Director' ranks above Director and the relevant person has been suspended — who exactly is not convenient to disclose."
Sina Finance: "On Sep 3, Xingyu fell 3.62% with turnover of RMB 653M and market cap of RMB 21.39B; ranked 9th in A-share popularity."
Key points
- The company confirmed 'suspended' but has not disclosed who was suspended or how the role maps to its structure
- Stock volatility widened during the saga
Sources (full links)
http://m.toutiao.com/group/7681216509590405675/ https://www.cqcb.com/news/64/2026-09-03/6212614.html https://finance.sina.com.cn/stock/aiassist/ggsp/2026-09-03/doc-iniqpqxu4363164.shtml
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