On May 19, Shanghai Paineng Energy Technology Co., Ltd. issued an announcement stating that it had recently received a notice from the company's controlling shareholder Zhongxingxin Communications Co., Ltd.(referred to as "Zhongxingxin") that Zhongxingxin had received a notice issued by the Yongqing County Supervisory Committee that the company's chairman Wei Zaisheng was investigated and detained.
Paineng Technology stated that as of the announcement disclosure date, the company's control rights have not changed, the board of directors and the board of supervisors are operating normally, and the production and operation order of the company and its subsidiaries is normal. This matter will not have a significant impact on the company's daily production and operations.
Paineng Technology website shows that the company was established in 2009, focusing on the development and application of lithium battery energy storage products, providing leading comprehensive solutions for lithium battery energy storage systems. In 2023, Paineng Technology will achieve revenue of 32fivelionsmegaways.99 billion yuan, a year-on-year decrease of 45.13%fivelionsmegaways; Net profit attributable to shareholders of listed companies was 516 million yuan, a year-on-year decrease of 59.49%.
(Article source: Dahecai Cube)