Dyson Founding (00113): The Securities Regulatory Commission has begun investigation procedures against the company, EAL, executive directors Pan Disheng, and Pan Guanda

Zhitong Financial App News, Dyson Foundations (00113) issued an announcement. The company was notified by the Securities and Futures Affairs Supervisory Commission that the Securities Regulatory Commission has begun investigation proceedings against (1) the Company; (2) the Company's Group Executive Chairman and Executive Director Pan Disheng; (3) Equity Advantage Limited (“EAL”), a company linked to the company, and Mr. Pan Guanda, the company's chief operating officer and executive director.

On January 9, 2020, the company announced that PayPal Holdings, Inc had acquired Honey Science Corporation (“acquisition transaction”), in which the company holds a minority interest, and the company can collect $147585,708 to monetize the investment. In the tribunal's inquiry procedure, the Securities Regulatory Commission alleges that (1) the company should have disclosed the acquisition transaction earlier, alleging that the company, Mr. Pan Dickson, and Mr. Pan Guanda violated the disclosure requirements of the securities regulations; and (2) Mr. Pan Dickson traded the company's shares through EAL before the announcement was published, which was alleged to constitute an insider trading clause in violation of the securities regulations.