Nar Co., Ltd. announced that the media reported that Xue Yinfei was fined for insider trading. The company claimed that the title of the report did not match the facts; Xue Yinfei was the deputy general manager of Shanghai Philae Testing Technology Co., Ltd., the company to be restructured at the time, had nothing to do with Nar Co., Ltd., and was not an employee of the company. On January 14, 2026, the company announced the termination of the “Intent Share Acquisition Agreement” with the company that was the subject of the restructuring. None of Nar's directors, senior management, and employees have been investigated or punished for insider trading.

Nar Co., Ltd. announced that the media reported that Xue Yinfei was fined for insider trading. The company claimed that the title of the report did not match the facts; Xue Yinfei was the deputy general manager of Shanghai Philae Testing Technology Co., Ltd., the company to be restructured at the time, had nothing to do with Nar Co., Ltd., and was not an employee of the company. On January 14, 2026, the company announced the termination of the “Intent Share Acquisition Agreement” with the company that was the subject of the restructuring. None of Nar's directors, senior management, and employees have been investigated or punished for insider trading.