"The detention of Chairman Long Changsheng is related to the guarantee business of China Import and Export Credit Insurance Company (hereinafter referred to as CITIC Insurance). It is not known whether it is a long-term business or a single business. However, since this' contract fraud' does not involve the production chain or supply customers, it is believed that it will not have much impact on the company's business. " Yesterday, an insider of Shanghai Hongsheng Technology Development Co., Ltd. (6008 17, hereinafter referred to as Hongsheng Technology) told the Morning Post reporter.
On the evening of February 18, 2008, Hongsheng Technology announced that its chairman and general manager Long Changsheng had been criminally detained on suspicion of contract fraud. The company said that if there is further information, it will be disclosed in time and remind investors of investment risks.