According to the Securities Times, on the evening of March 19, Feikai Materials announced that it had been involved in contract fraud, involving a balance of accounts receivable amounting to 186 million yuan. According to information disclosed in the Feikai Materials announcement, the downstream customers of Feikai Materials, Zaozhuang Ruinuo Electronics and Zaozhuang Ruinuo Optoelectronics are designated by upstream suppliers Jiangsu Xinmaidi Electronics Co., Ltd. (“Xinmadi” for short). However, in an interview with reporters, the person in charge of Xinmadi clearly denied the relevant statement of Feikai materials. “When they came to me at the time, the entire operating model had been drawn up. Where did I specify it?” In this incident, the party involved, Zaozhuang Ruinuo Electronic Technology Co., Ltd. (“Zaozhuang Ruinuo Electronics” for short), is a shareholder of the listed company Qingyue Technology (688496). On the evening of March 20, Qingyue Technology issued a clarification notice stating that the upstream and downstream customers and suppliers involved in the dispute involving the participating companies had no business dealings with Qingyue Technology, and “the company did not participate in the decision-making and implementation process of this matter.”