Chen Chongjun, the former actual controller of Guao Technology (300551.SZ), was sentenced to six years for manipulating the securities market

Zhitong Finance App News, Guao Technology (300551.SZ) announced that the company received a “Criminal Judgment” from the Qingdao Intermediate People's Court of Shandong Province delivered by the family of Mr. Chen Chongjun, the company's former controlling shareholder and actual controller. The Qingdao Intermediate People's Court of Shandong Province ruled in the case: Defendant Chen Chongjun committed the crime of manipulating the securities market and was sentenced to six years' imprisonment and a fine of RMB 4 million yuan.