According to Wavelength Optoelectronics's announcement, four people, including the company and Chairman Huang Shengdi, and Wu Hongxia, then director of the International Business Department, were prosecuted by the Third Branch of the Shanghai Municipal People's Procuratorate on suspicion of smuggling goods prohibited from being imported and exported by the country. The matter involved was that between August 2023 and April 2025, export licenses for dual-use items were not processed in accordance with regulations, and the export country prohibited the import and export of optical lenses. The amount involved was 20.1085 million yuan. This is the same matter as the case where the chairman of the company was released on bail awaiting trial. Currently, the lawsuit has not been tried, and the verdict is uncertain, and it is expected that it will not have a significant impact on the company's ability to continue operating.

Zhitongcaijing · 2d ago
According to Wavelength Optoelectronics's announcement, four people, including the company and Chairman Huang Shengdi, and Wu Hongxia, then director of the International Business Department, were prosecuted by the Third Branch of the Shanghai Municipal People's Procuratorate on suspicion of smuggling goods prohibited by the country. The matter involved was that between August 2023 and April 2025, export licenses for dual-use items were not processed in accordance with regulations, and the export country prohibited the import and export of optical lenses. The amount involved was 20.1085 million yuan. This is the same matter as the case where the chairman of the company was previously released on bail awaiting trial. Currently, the lawsuit has not been tried, and the verdict is uncertain, and it is not expected to have a significant impact on the company's ability to continue operating.