Yuejiang Technology on July 17 said a recent signed complaint and related
reports are untrue and "seriously misleading," and that production and
operations are normal. The company said preparations for its H-to-A return to
the A-share market on the ChiNext are proceeding on schedule, it will continue
to meet disclosure obligations, and the listing review is scheduled for July 22.
The complaint, filed early July 17 by Song Tao who says he is a co-founder and
former executive VP/COO, alleges the A-share prospectus misstates equity
ownership — claiming his expected 69.7373% property interest is recorded as
22.455% — and accuses the prospectus of "false statements and deliberately
concealing a hundred‑million‑yuan‑level equity ownership dispute."
