SOHO China Chief Financial Officer Ni Kwai Yang was investigated for suspected insider trading

On the afternoon of the 7th, SOHO China announced on the Hong Kong Stock Exchange that the company was under investigation by the company that the company knew that the chief financial officer Ni Kwai Yang was under the insider trading of the company's stock.The company's directors and other executives do not know that they are suspected of insider trading and have not been investigated.

SOHO China also said that the information company requested by the authorities fully cooperated.The announcement also stated that before the survey was completed, Ni Kuyang could not perform the company's chief financial officer's duties, and the company had temporarily transferred its duties to the company's chief financial officer.Relevant investigations have no major adverse effects on the business operation of the group.

SOHO China ’s chief financial officer was investigated and spread on the 6th, and the stock price fell 2.04%on the day.On the 7th, the stock price continued to fall. As of press time, the stock price fell more than 2%.According to Soho's financial report, Ni Kuyang joined the company in July 2008. He served as the company's chief financial officer in October 2018. He has more than 20 years of experience in accounting and finance.

Observation of Sichuan (Source: Zhongxin Jingwei)

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