Kwai Responded That "Suhua Was Taken Away To Cooperate With The Investigation" And Reported The Case And Started Legal Proceedings

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It is reported today that Su Hua, chairman of Kwai technology, was taken away by the relevant departments at the end of April to cooperate with the investigation because of his suspected involvement in a case. Sina doesn't reply to the rumor. In response to this matter, Kwai subsequently issued an official statement, saying that the malicious spreading of Internet rumors had been officially reported to the public security organ and relevant legal procedures had been initiated to resolutely safeguard the legitimate rights and interests of the company and Mr. Su Hua.

Jingdong's main venue on June 18, 2022 - pre order on the evening of May 23

Today, Suhua also congratulated the opening ceremony of the global Hunan Business Conference on May 23 in the form of video. Su Hua said in his speech, "last month, I went home from vacation and stayed in Xiangxi Prefecture for a few days. I personally felt the great development opportunities and changes brought by the digital economy to my hometown."

On the evening of October 29, 2021, Kwai technology announced that Suhua had resigned as CEO and was replaced by co-founder Cheng Yixiao. Su Hua will continue to serve as chairman, executive director and member of the Remuneration Committee, responsible for formulating the company's long-term strategy. As CEO, Cheng Yixiao will be responsible for the daily operation and business development of the company and report to the chairman Su Hua.

Attached is the full text of the statement:

solemn statement

On May 23, we media "xinxier", whose main operator is Shandong dachangjiu Network Technology Co., Ltd., released false information against Mr. Suhua, chairman of our company, on its wechat official account. Mr. Hua has officially started the legal procedure of spreading rumors and protecting the legitimate rights and interests of the company.

Beijing Kwai Technology Co., Ltd

May 23, 2022

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