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On March 22, 2026, San'an Optoelectronics (600703.SH) disclosed that it had been notified by its principal shareholder, Fujian San'an Group Co., Ltd., on March 21, regarding the detention and ongoing investigation of its actual controller, Lin Xiucheng, by the National Supervisory Commission. It's noteworthy that Lin Xiucheng has not occupied any role within the company since July 10, 2017. The company emphasized that its production, operations, and management are proceeding as usual, bolstered by a robust governance framework. Consequently, this incident is not anticipated to significantly disrupt the company's ongoing production and operations. Furthermore, the company pledged to closely monitor the situation as it unfolds and ensure timely compliance with its information disclosure obligations.
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