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nanwang technology (301355) announced on the evening of september 3 that the company recently received a "notice of case filing" issued by the hui'an county public security bureau. the company's director and deputy general manager wang xianfang is suspected of bribery as a non-state employee and is now under investigation. the case is currently under investigation by the public security organs and the specific situation is still subject to final confirmation by the relevant departments.

the crime of bribery by non-state personnel refers to the behavior of personnel of companies, enterprises or other units who use their position to solicit or illegally accept money or property from others in order to seek benefits for others in large amounts.

public information shows that wang xianfang worked at xi'an 3d printing co., ltd. from august 1996 to february 2002, as the section chief of flexographic printing; from february 2002 to september 2009, he worked at shanghai zidan printing co., ltd. as the head of the manufacturing department; from september 2009 to november 2010, he worked at taizhou zimin color printing co., ltd. as the manager; from november 2010 to may 2016, he worked at nanwang limited, serving as production director and deputy general manager; since may 2016, he has been working at nanwang technology as a director and deputy general manager.

nanwang technology said that except for wang xianfang, all other directors, supervisors and senior managers of the company are currently performing their duties normally. the company has a sound governance structure and business processes, and the company's production, operation and management are normal. the company's senior management team is responsible for daily operations and management. the company's senior management team has made proper arrangements for related matters, and the above matters will not have a significant impact on the company's normal production and operation.

nanwang technology just landed on the capital market in june 2023. the company's main business is the research and development, production and sales of paper bags, and its main products include environmentally friendly handbags and food paper bags.

after the stock price exceeded 23 yuan per share at the beginning of its listing, the company's stock price showed an overall volatile downward trend. as of the close of september 3, the company closed at 9.63 yuan per share.

as the stock price continues to weaken, the performance of listed companies is also weakening. after the net profit fell year-on-year in 2023, in the first half of 2024, nanwang technology continued to increase revenue but not profit, with operating income of 587 million yuan, a year-on-year increase of 12.1%; net profit attributable to the parent company was 22.0338 million yuan, a year-on-year decrease of 35.11%.

in june this year, nanwang technology disclosed that it plans to use its own funds to repurchase part of the company's public shares through centralized bidding transactions. the total amount of the repurchased shares will not be less than 20 million yuan and not more than 40 million yuan. it will be used to implement equity incentives or employee stock ownership plans. the repurchase price of the repurchased shares will not exceed 14.9 yuan per share.

according to the company's recent disclosure, as of august 31, 2024, the company repurchased 575,000 shares of the company through a dedicated securities account in a centralized bidding transaction, accounting for 0.29% of the company's current total share capital. the highest repurchase transaction price was 9.79 yuan/share, the lowest price was 9.35 yuan/share, and the total transaction amount was 5.5476 million yuan (excluding transaction fees).