Latest statement from Pang Donglai: Apart from Xuchang and Xinxiang, there are currently no other regional development plans in place
Jinshi Data reported on August 4th that multiple online platforms have released news about the "Xuchang Pangdonglai Trading Group Co., Ltd. inspection team visiting projects in Bian". It was reported that Li Xiaomin, the relevant person in charge of Xuchang Pangdonglai Trading Group Co., Ltd., led the inspection team to visit projects in Kaifeng. Pangdonglai Trading Group issued a statement stating that upon verification, the person mentioned in the news as "Li Xiaomin, the relevant person in charge of Xuchang Pangdonglai Trading Group Co., Ltd." is not an employee of Pangdonglai Trading Group, and the company has not authorized them to conduct business negotiations externally. The company currently does not have any development plans in areas other than Xuchang City, Henan Province, and Xinxiang City, Henan Province. Any fundraising, investment promotion, and franchising activities conducted in the name of Pangdonglai Company externally are suspected of illegal activities. We remind all netizens to be vigilant and guard against being deceived