According to the Zhito Finance APP, Jinyun Laser (300220.SZ) announced that the company recently received a first-instance 'Criminal Judgment' (2023) Su 08 Criminal Initial 5 issued by the Intermediate People's Court of Huai'an City, Jiangsu Province, delivered by the family of the company's controlling shareholder and actual controller, Liang Wei. The relevant situation is announced as follows:

Recently, the Intermediate People's Court of Huai'an City, Jiangsu Province, rendered the following judgment in this case: defendant Liang Wei was convicted of manipulating the securities market, sentenced to four years in prison, and fined 12 million yuan; the illegal gains of defendant Liang Wei were confiscated and turned over to the national treasury. If not satisfied with this judgment, an appeal can be filed within ten days from the second day of receiving this judgment, either through this court or directly to the Jiangsu Provincial Higher People's Court. Liang Wei has not served as the company's director, supervisor, or senior management, and the above judgment is a private action of the shareholder, which will not affect the company's current or future profits. Currently, the company's operation is normal. This ruling is a first-instance judgment, and as of the date of this announcement, this judgment has not yet taken effect. If Liang Wei files an appeal within the statutory period, the final judgment and subsequent execution results still present uncertainty.