Summary by Futu AI
On August 13, 2024, South Manganese Investment Co., Ltd. ('South Manganese') announced that its wholly-owned subsidiary, South Manganese Group Co., Ltd. ('South Manganese Group'), had posted a misleading notice on social media on August 9, 2024. The notice claimed that the South Manganese Group staff representative conference authorized the management to take over the South Manganese Group as a whole, and accused directors Mr. Zhang He and Mr. Xu Xiang of harming the interests of the Group. The board of directors clarified that it had not lost control of the South Manganese Group and appointed an independent third party to investigate the relevant allegations. South Manganese suspended trading on August 12, 2024, and resumed trading on August 14, 2024. The company reminds shareholders and investors to pay attention to related announcements and act prudently.