B · Normal
[Wavelength Optoelectronics: The company and its chairman were prosecuted for smuggling goods prohibited from import and export by the state] On October 8, Wavelength Optoelectronics (301421.SZ) announced that the company received an indictment from the Third Branch of the Shanghai Municipal People’s Procuratorate. The company, chairman Huang Shengdi and four other people were prosecuted for suspected smuggling of goods prohibited from import and export by the state. The amount involved was 20.1085 million yuan, and the case occurred from August 2023 to April 2025. The company stated that the lawsuit is not expected to have a significant impact on its ability to continue operating. Production and operations are currently normal, and the outcome of the judgment is uncertain.
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