The gang responded to the short report by firmly denying the accusation that "the company exaggerated and falsified operating and financial data"

CTOnews.com January 26 news, Manbang Group issued a statement on January 25, in response to the short report issued by the agency J Capital Research on January 24.

The company strongly denies the allegations in the report that it exaggerated or falsified any operating or financial data, the company said in a statement. The company believes that the report contains a large number of inaccurate facts, misstatements, unfounded speculation and flawed conclusions, indicating a rough and incomplete understanding of the company's industry and business operations.

CTOnews.com learned that the company said it did not think the report was of any value. The company is considering taking appropriate action to protect the interests of all shareholders.

In addition, the gang claims to adhere to the accuracy of financial and operating data and other information released by the company and filed with the Securities and Exchange Commission, and is committed to maintaining high standards of corporate governance and internal controls, and transparent and timely disclosure in accordance with applicable rules and regulations.

Data show that Manbang Group is a strategic merger of Jiangsu Manyun Software Technology Co., Ltd. (full) and Guiyang Freight help Technology Co., Ltd. (truck gang) in November 2017. In June 2021, the Manchu Group landed on the New York Stock Exchange.