From GlobeNewswire:

The CEO and CFO of YanGuFang International Group Co., Ltd. have been detained by the Shanghai Police and are under investigation, causing the Board to appoint an interim management team. Mr. Ya Zhang, the current COO, has been appointed as the Interim CEO, and Ms. Yang Sui, the Financial Director of a branch company, has been appointed as Interim CFO. The interim management team will manage the Company’s operations under the Board’s direction. The business and daily operations are being conducted as usual at this time. YanGuFang is a health food company engaged in the production, sourcing, research and development, and sales and distribution of natural oat and whole grain products.



Read more: YanGuFang Provides Update on Its CEO and CFO and