China Gold: Yang, the actual controller of San Ding Yuan, has been criminally detained by the public security organs

On April 1st, China Gold released an explanatory announcement regarding media coverage. The Beijing R&F Plaza store operated by franchisee Beijing Sandingyuan Gold Jewelry Co., Ltd. violated the Franchise Franchise Agreement signed with the company, engaged in the so-called "worry free gold bar booking" business without authorization, and stopped operating activities without authorization on December 27, 2023, unable to redeem products purchased by consumers, causing a negative impact and attracting widespread social attention. Yang, the actual controller of Sanding, has been criminally detained by the public security organs and has entered the judicial process.