Wire flash
Sanan Optoelectronics' actual controller Lin Xiucheng detained for alleged embezzlement and misappropriation
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On September 24, financial data provider Jin10 reported that Sanan Optoelectronics (三安光电) issued an announcement stating that its actual controller, Lin Xiucheng, has been criminally detained by public security authorities on suspicion of embezzlement and misappropriation of funds. The company had previously disclosed that Lin was placed under investigation by supervisory authorities. According to the announcement, Lin Xiucheng has not held any position at the company since July 10, 2017. Sanan Optoelectronics stated that its production and management operations remain normal, that the matter is unrelated to the company, and that it will not have a significant impact on the company's production and operations.
Source report
September 24, 2025 — Sanan Optoelectronics Co., Ltd. has issued an announcement regarding its controlling shareholder, Lin Xiucheng.
According to the company statement:
- Lin Xiucheng was previously placed under detention and placed on file for investigation by supervisory authorities, as disclosed earlier by the company.
- On September 24, 2026, the company received notification from Lin Xiucheng's family that he had been criminally detained by public security authorities on suspicion of embezzlement and misappropriation of funds.
The company emphasized that Lin Xiucheng has not held any position within the company since July 10, 2017. Sanan Optoelectronics stated that its production and management operations remain normal, and that the matter is unrelated to the company and will not have a significant impact on its business operations.
Source
金十数据Neutral / independent
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Sanan Optoelectronics founder Lin Xiucheng detained on embezzlement, fund misappropriation charges