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Anhui Fangxing Science&Technology Co Ltd Receives Administrative Supervision Measures

Friday, 14 Jun 2013 08:00pm EDT 

Anhui Fangxing Science&Technology Co Ltd announced that it has received administrative supervision measures from Anhui Supervision Bureau, for its former Chairman of the Board, Guan Changwen The Anhui Supervision Bureau pointed out that these two individuals misconducted when signed two contracts to buy financial products on April 15, 2013 and April 23, 2013. The Anhui Supervision Bureau dismissed Guan Changwen's position of Chairman of the Board in the Company. The Anhui Supervision Bureau also gave warning to the Company's former General Manager and Chief Financial Officer, Chen Aqin, as well as Deputy General Manager, Wang Yonghe. 

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