OKLink issued an announcement stating that it has not yet contacted Xu Mingxing to verify whether he is under investigation

Hong Kong-listed company OKEx (HK: 01499) announced today that it was informed by legal counsel representing OKC Holdings Corporation on October 16, 2020 that Xu Mingxing is currently under investigation by Chinese public security authorities.

The company has not yet contacted Xu Mingxing to verify the information. It is understood that Xu Mingxing is a non-executive director of the company and, through his interest in OKC, is also the controlling shareholder of the company. As of the date of this announcement, OKC holds approximately 3.905 billion shares of the company, accounting for 72.60% of the total issued share capital of the company.