Once "Dream-chasing" Photovoltaic! Big Brother of Zhejiang Merchants Was Taken Criminal Compulsory Measures

On the evening

of December 22, Jiaotong Construction Co., Ltd. announced that it had received a notice from the family of Yu Faxiang, the actual controller of the company, that Yu Faxiang had been taken criminal compulsory measures by the Shaoxing Public Security Bureau of Zhejiang Province for suspected crimes . The case is under investigation.

Without holding any position in the Company, the directors and senior management of the Company are performing their duties normally, and the production and operation of the Company are all normal. The above matters will not have a significant impact on the normal production and operation of the Company.

Data show that Yu Faxiang. Born in Shengzhou City, Zhejiang Province in 1971, he owns many listed companies such as Xiangyuan Wenlu, Jiaotong Construction Stock and Haichang Ocean Park. According to the Hurun Rich List in 2025, Yu Faxiang ranked 465 on the list with a wealth of 14.5 billion.

has tried to lay out photovoltaics

before 2023 In September 2006, Jiaotong Construction Co., Ltd. under Yu Faxiang's actual control announced that it intends to acquire 70% equity of Wuxi Boda Xinneng Technology Co., Ltd. As a result ,

Meanwhile," Jiaotong Construction announced that it intends to raise matching funds by issuing shares to controlling shareholder Xiangyuan Holdings and actual controller Yu Faxiang, which will be used to pay the cash consideration for the above-mentioned acquisition and the project construction investment of the target company. (For details, please click: Reasons for Termination of Acquisition." Jiaotong Construction shares explained in the announcement that it was due to the uncertainty of overseas policies. "In view of the external market environment and other objective factors, the trade protection policy of the target market of the target company has not yet reached the final result , and the target company is currently planning measures such as relocation of production bases to cope with policy changes, but there are some uncertainties in the landing of relevant measures and the impact on the operating performance of the target company." This transaction has changed greatly compared with the beginning of planning.

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