Hikvision CEO Alleged Illegal Activities Investigated

Investigation **** *** ****

** ******** **,********* ************* *** *** *** *** ******* private ***********, **** *******, **** **** under ************* ** *** ***** ********** Regulatory ********** (****) **** "********* ********** of ********** ************". ******* ********* *** the **** **** *** **** *******.

PRC ******* *** ********

**** **** ** ******* *** *** stop ******* *** ********* **** ******* from ********** ******** ******** *********** ***** the ***** ** *** *************, **** even ***** **** ****** ****** (*** its ********** ******** ********** ****) ******* in:

• **** *** ****** ******** ***** ************, Can ********* *** **** **** **?******/******** ********** ****.
• *********: ******* ****** *********'* ****** ********** Investigation(***** **** ****** -**** *,**** *)
• **** ******* *****, ** ********* ****. Is ********* ******* ** ****** ************?****** *******
• *** ********* ***** ******* ***** ************* Have * *** ***** **** $** Billion; *** ** **** *** *** Frequent ****-****.******** ******** *****.

Potential ******* **********

***** ******** *** ******* *********'* ********* records ** ***** *** *********** **** Co-Founder **** ******* **** ***** ******* of ***** ** *** ** ********* without ****** ***** ********** **, ********* Article ** ** ******* **************** ******* ****** **** **** ************ must ** *********:

******* **: *** ****** ** *** shares ** *** ******* **** ** the *********, *********** *** ****** ********** personnel ** * ****** ******* ***** be ******** ** *** ****** ******* within *** ******* **** **** *** date ** *** **** *** *** listed ******* ***** **** ** ************ on *** ******* ** *** ***** exchange.

*** ****** *** *** ***-********** ** these ****** ** *******. ***** **** Market************** *** **** **** ** ****** potential ******** ****** *****, ****** **** anyone *** **** ***** ******* ** stock ***** ** * *******'* *** - **** ** **** *******, ** early ********* ******** - ***** **** a ***** *** **** **** *******.

Financial ****** ********: "*** ***** ******* *** ***"

**** ***** ****** *****, * ************* *** ********* *******, ***** ********* being ************ ******* ****************** *** *** **********. ***** **** this *** ******** ****** *** ****** the **** ***** ** *** *****:

******* ******** *** ******** ** *** a ******** ** **** ***** *** founder ** * *** ********** [*******] does *** **** *** *** ***********. TheParty ***** ******* *** ***!

**** ******* ********* ** ** ********* for *** ****** ***** ** **** not **** *** *** ***** *** untouchable ** *** *****. ****** ** stories ** *** ******* ** ***** one **** ******** *** **** ****** the **** ****!As *** ***** **** ***** *** *** ***** ** ***** * ******* **** ** *** ** ****** *** ***** ** *** *****. Almost all large private groups have had their founders disappeared for a few weeks, all illegal, all unexplained, and all modern day China. [emphasis added]

**** **** ***** ***** ***** *** CSRC's ************ *** *** ******/******* ***** such ** *********'* ****:

* ***'* *** *** ****** **** particular ********* ** *** ***CSRC ** ********* ******* ***** *** *** ***** ******* ***** ******** *** ** *********** ******* *** ****** ** ********** ************. That mantra about protecting retail investors is commonly heard because there is concern that they all come out to protest, especially outside the CSRC office!

** *** ****, ** ** **** as * *********** *** *********** *********?Here *** ****** ** ****** *** *** **. NO financial regulator in China is independent or transparent as we understand those terms in Western or developed markets BUT that does not mean they don't try and crack down on clear breaches of rules and falsification of financials etc. There is plenty in the way of breaches and poor disclosure and all sorts of manipulations and the CSRC has fined and punished many companies and people.

*** **** **** *** ** ** that ** **** ** ***but ** *** ********* ********** ** **** that it needs to juggle. [emphasis added]

Timing *** *********

**** *** ******** *** ****'************/*********** ** ***** *** **** *** clear ********* ***** *** **** ************** can **** *** ******* ***** ** a ******** *** ****** ******* ** be *********.

** *** *********, ** ** ***** before, ********* ** ************* *** ** *** ***, *** **** *** *** ***** to ****** ************** ********* **** ** fines *** ** *** ********** ****** to ******** ****, "** ***** ******** the ****" ** * ******** *****.

** *********, ******* *** ****** ** PRC ***** ********, ********** ** *** details ***** **** ************* **** **** released **** *** ****.

Uncensored ****** *** ***

*** *** *** ******* ***** ******* to ** *********, ***** ** ******* in ****** ***** **** *** *** operates *** ** ********************** ******* ** *** *****. *** country ****** ***/*** ********* ** ***** of ***** **************** ** ***************** ******* *******, **** ***** **** last ****:

** *** ********** ** ******** ******** critical ******** ** *********'* *** ********** (something **** *** ***** ******** ** PRC ***** ******), **** ** *** a **** **** *** *********.

Hikvision ********

********* ******** ** ******* ************ ** these *******, ***** *** ******* *************, but *** **** ** **** *********:

********* **** ********* ***** **** *** China ********** ********** **********’* ************* ** the ***** ********* ** ********** **** its ********** ************. *** ******* **** has **** ******* **** *** ***** directors ****** ** ** *** ****.

Impact ** *********

***** ********* *** ******** **** **** investigation ** **** ******* ** *** two *********** *** *** *** ******* itself, ***** ** ****** ***** **** any ******** ****** ** *** *** will **** * ****** ****** ** the *******.

** *** **** *** ***** *** company's ******** ** ****. ********* ********* have **** **** ** **** "**. Hu" ** ******* ** *********'* **********, driving *** ****'* ********** ********* **** the *****'* ******* ***** ************ ************.

*******, ** *** ******** **** *** Hikvision,*********'* ********, **** ********, *** *******'* ****-**** ********* ***** Secretary *** ******* ** *** ******** ********** ***** 2018, *** **** ********* ** **** investigation. ** **** *** **** *** continued ***** ********** **** ********** **** of *** ******** *********** ******* **** may **** **** *** ****** ******* Hu.