Insufficient evidence! The first-instance criminal judgment in the "unit bribery case" of this lighting company has been revoked and remanded for retrial.
On May 31, Haoruisai (002963) announced that the company recently received a criminal ruling from the Intermediate People's Court of Wuhan City, Hubei Province. According to the ruling, the facts regarding the original defendant unit Haoruisai Technology Group Co., Ltd. and the original defendant Dai Baolin committing the crime of offering bribes by a unit were unclear, and the evidence was insufficient. Therefore, the first-instance criminal judgment rendered by the Xinzhou District People's Court of Wuhan City, Hubei Province, is revoked, and the case is remanded to that court for retrial.
豪尔赛表示，此次裁定的影响在于案件的最终判决结果存在不确定性。公司将根据案件进展情况，及时进行信息披露。
Tracing the origins of this case, the lawsuit stems from a formal investigation launched in 2024 by the supervisory department against the company's former Chairman and General Manager Dai Baolin.
On December 12, 2024, the Xinzhou District Supervisory Committee of Wuhan City initiated an investigation into Dai Baolin, then Chairman and General Manager of the company, for suspected illegal and criminal activities, and placed him under residential surveillance on the same day. On April 22, 2025, the Xinzhou District Supervisory Committee of Wuhan City lifted the residential surveillance against Dai Baolin. On June 19, 2025, the Xinzhou Branch of the Wuhan Public Security Bureau executed the arrest of Dai Baolin.
On August 7, 2025, the company received the Indictment from the People's Procuratorate of Xinzhou District, Wuhan City, Hubei Province, initiating public prosecution against the company and its former Chairman and General Manager, Dai Baolin, on suspicion of unit bribery. On November 5 of the same year, the first-instance judgment for the relevant case was rendered.
On November 16, 2025, Haoruisai announced that, according to the court judgment, the company and former chairman Dai Baolin were sentenced to fines and ordered to disgorge illegal gains for the crime of offering bribes by a unit. The defendant unit Haoruisai was convicted of offering bribes by a unit and fined RMB 7 million; defendant Dai Baolin was convicted of offering bribes by a unit, sentenced to three years in prison with a four-year probation period, and fined RMB 3 million. In response, after legal review, the People's Procuratorate of Xinzhou District, Wuhan City, Hubei Province determined that the application of probation to the defendants was indeed erroneous and the sentencing was unduly lenient.
Furthermore, on June 4, 2025, the Company received Mr. Dai Baolin's resignation letter. Mr. Dai resigned from his positions as Director, Chairman of the Board, and General Manager due to reaching the statutory retirement age.
Data shows that the main business of Hourse Technology Group Co., Ltd. is lighting engineering construction, along with related lighting engineering design, R&D, and lighting product sales. The company's main products are Smart Light Art, Smart Cultural Tourism, and Smart Urban Areas.
On November 21, 2025, Haoruisai issued an announcement regarding the receipt of a filing notification from the China Securities Regulatory Commission (CSRC); the company is under investigation again for suspected violations related to information disclosure.
Regarding performance, in the first quarter of this year, Hourse achieved revenue of 58.83 million yuan, a Year-on-year (YoY) increase of 2.23%; net profit attributable to shareholders of the listed company was a loss of 4.6951 million yuan.
Source: Douchuang Finance