Reported about 1 year ago
Yochi Precision was listed on May 9, 2024, but Chairman and CEO Chen Siming was absent due to a scandal involving an affair with a subordinate's wife. Chen allegedly used his power to bully the subordinate and force them to resign. During the listing ceremony, Chen did not show up, and an important subordinate, referred to as Male A, was blocked from entering the venue by security. Male A is said to be the victim in the affair with Chen's wife and was reportedly pressured to resign by Chen after the incident. The scandal has caused turmoil within the company, with Chen issuing a statement admitting to the affair and asking for privacy for the parties involved, although the identities were not explicitly disclosed.
Source: YAHOO