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UnionTech

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2018

    CSRC seeks more materials on Hong Kong IPO over Zou Bo exit, no-controller status and unpaid social insurance

    Under the lead of capital parties, Liantai Technology founder Zou Bo stepped down as chairman in 2018 and gradually transferred his equity; the company determined it has no controlling shareholder and no actual controller. The prospectus disclosed unpaid social insurance and housing provident fund of about RMB2.6 million, RMB3.9 million and RMB5 million in 2023-2025, and a cumulative net loss of RMB145 million over three years. On September 30, 2026, the CSRC requested supplementary explanations regarding its overseas listing on the founder's exit dispute, the fairness of the pricing of 0-yuan/1-yuan equity transfers, the determination that there is no actual controller, and compliance of AI large models. The IPO is under review.

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