Zhenlei Technology (Stock Code: 688270.SH) has released a statement indicating that its actual controller and chairman, Yu Faxin, has been placed under custodial measures by the Huangshi Municipal Supervisory Commission. Consequently, he is currently unable to fulfill his responsibilities as a director. Despite this development, the company's control structure remains robust, with its day-to-day operations and management being effectively managed by its senior management team.

In the interim period where the chairman is unable to carry out his duties, director Zhang Bing will step in and assume his responsibilities on his behalf. Meanwhile, other directors and senior management personnel will continue to execute their respective roles without disruption. The company has assured stakeholders that this incident will not exert a substantial influence on the company's regular business operations.